IndiaFirst Immediate Annuity Plan

This is a non-participating non-linked immediate annuity plan, which can be purchased by paying a lump sum amount. You get the choice to select your retirement age, and we pay you a fixed annuity on a monthly / quarterly / half-yearly / yearly basis as chosen by you for life.

Key Features

  • You can choose your retirement age as per your need; you can reap the returns starting anytime between 40 and 80 years.
  • You will receive a definite regular monthly / quarterly / half-yearly / yearly income through your years of retirement
  • Choose the Joint Life option to support your spouse through annuity proceeds even in your absence
  • Get a comfortable retirement for a defined time under the option Annuity Certain and life thereafter


  • Tax Benefits:
Enjoy tax benefits on the premium you invest under Section 80C of Income Tax Act, 1961. Your family members also get benefits without any applicable Tax, in case of demise of the life assured under Section 10(10) D of Income Tax Act, 1961.
  • Death Benefit:
The annuity is payable to you (the first annuitant, followed by the second annuitant in case of a joint life) as long as you are alive. The purchase price will be paid back to the nominee in case of death of the annuitant under Annuity with Return of Purchase Price option/type. Under Annuity Certain option nominee will receive annuity till end of the guaranteed period if death of the annuitant occurs before expiry of the guaranteed period. There is no other death benefit payable under this plan for other option/type.
  • Maturity Benefit:
The life assured will receive Higher of
1.) Sum Assured along with sum of all Guaranteed Additions, if any, of 9% of Total Premium Paid for the first 'x' plan years and a sum of all Simple Reversionary Bonus and Terminal Bonus, if any, paid in to the plan from 'x+1' plan year onwards, as given in the table below and
2.) Defined Assured Benefit which is the total premiums paid accumulated @ 0.15% p.a. compounded annually.

Am I eligible?

ENTRY AGE 18 years 99 years
PREMIUM Rs.3,00,000 No limit
PAYMENT MODE One time, Yearly, Monthly, Quarterly and Half-Yearly

What if?

I am unable to pay premium on time

Grace period of 30 days will be provided and you should pay the premium with in the specified time period.

I want to take a loan

Such option is not available in the policy