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Jeevan Shanti Benefits

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Purchase Price:Rs. 10 lakh (excluding applicable taxes)
Age of Annuitant at entry :45 years (lbd)
Annuity Mode:Yearly
Deferment Period:20 years (applicable for Deferred Annuity only)
Age of Secondary Annuitant at entry:35 years (lbd) (applicable for Joint life annuity only)
 

Annuity Option Annuity Amount (Rs.)
Immediate Annuity:  
Option A: Immediate Annuity for life 74,300
Option B: Immediate Annuity with guaranteed period of 5 years and life thereafter 74,200
Option C: Immediate Annuity with guaranteed period of 10 years and life thereafter 73,900
Option D: Immediate Annuity with guaranteed period of 15 years and life thereafter 73,500
Option E: Immediate Annuity with guaranteed period of 20 years and life thereafter 72,900
Option F: Immediate Annuity for life with return of Purchase Price 65,400
Option G: Immediate Annuity for life increasing at a simple rate of 3% p.a 56,200
Option H: Joint Life Immediate Annuity for life with a provision for 50% of the annuity to the Secondary Annuitant on death of the Primary Annuitant 71,100
Option I: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives 68,300
Option J: Joint Life Immediate Annuity for life with a provision for 100% of the annuity payable as long as one of the Annuitant survives and return of Purchase Price on death of last survivor 64,900
Deferred Annuity:  
Option 1: Deferred annuity for Single life 206,600
Option 2: Deferred annuity for Joint life 227,200

Death Benefit:

Death Benefit (applicable only in case of Deferred Annuity) shall be:Higher of
  • Purchase Price plus Accrued Guaranteed Additions (as specified below) minus Total annuity payments made till date of death, if any
  • Or 110% of Purchase Price