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IDBI Federal Life Insurance’s Saral Pension.

IDBI Federal Life Insurance, announced the launch of its Saral Pension. The pension plan is a single premium, non-linked, non-participating, individual, immediate annuity plan. This policy not only focuses on personal annuity plans not only for policyholders but also for their spouse. It offers an option of single life and joint life immediate annuity with a return of premium. The plan offers a guaranteed regular income and contentment during their retirement years.
Some of the key benefits of the plan are:
Life Annuity with 100 percent return of purchase price and Joint life annuity with return of 100 percent purchase price on death of the last survivor. It offers Guaranteed annuity payout. The policy holder can also opt for surrender.

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