Today, Ageas Federal Life Insurance, formerly identified as IDBI Federal Life Insurance, announced the launch of its Saral Pension. The pension program is a single premium, non-linked, non-participating, person, instant annuity program.
The firm claims that the Saral Pension Plan will aid policyholders prepare a private annuity program not only for themselves but also for their spouse. It delivers an solution of single life and joint life instant annuity with a return of premium. The Saral Pension program intends to supply peace of thoughts for the duration of one’s retirement days exactly where the person is assured of a assured common earnings and contentment for the duration of their retirement years.
The Saral Pension program aids in preparing a private annuity program for self and spouse. It also delivers the solution of single life and joint life instant annuity with a return of premium.
Key Benefits of the program:
• Life Annuity with one hundred per cent return of obtain cost
• Joint life annuity with return of one hundred per cent obtain cost on death of the last survivor
• Option to surrender
• Guaranteed annuity payout
• Annuity payout as hassle-free
Karthik Raman, CMO and Head – Products, Ageas Federal Life Insurance says, “The plan helps us offer our customers a much-needed product for their retirement readiness. Retirement is when one chooses to leave the workforce behind permanently. However, the house still needs to be run and it is also a time when medical expenses are on the rise, hence a steady income post-retirement becomes a necessity.”