Immediate Annuity Plan
 
This is an immediate annuity plan where series of payments called annuities are paid in return for a lump sum called purchase price, paid by the policy holder who is between 40 to 70 years of age.

This plan comes with the payout options of monthly / quarterly / half-yearly/ yearly and the annuity payment starts after 1 month / 3 months / 6 months / 12 months from the date of purchasing the annuity for monthly / quarterly / half-yearly / yearly payout options respectively.
This plan is available with 3 annuity options, where the death benefit varies as per the option chosen.
Since this is a non-participating plan, it does not carry any bonus with it.
 

Disclaimer
 
For more details about the product and its features, please read the sales brochure carefully.
UIN for SUD Life Immediate Annuity Plan Plan - 142N006V01