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1. JEEVAN SHANTI

2. JEEVAN SHANTI
• 1)IMMEDIATE ANNUITY
• 2)DEFFERED ANNUITY

3. ANNUITY OPTIONS AVAILABLE UNDER IMMEDIATE ANNUITY
ANNUITY
OPTION ANNUITY DESCRIPTION
Option A Immediate Annuityfor life
Option B Immediate Annuity with guaranteedperiod of 5 years and life thereafter
Option C CImmediate Annuity with guaranteed period of 10 years and life thereafter
Option D Immediate Annuitywith guaranteedperiod of 15 years and life thereafter
Option E Immediate Annuitywith guaranteedperiod of 20 years and life thereafter
Option F Immediate Annuity for life with return of Purchase Price
Option G Immediate Annuity for life increasing at a simple rate of 3% p.a.
Option H
Joint Life Immediate Annuityfor life with a provisionfor 50% of the annuityto the
Secondary Annuitanton death of the Primary Annuitant.
Option I
Joint Life Immediate Annuityfor life with a provisionfor 100% of the annuitypayableas
long as one of the Annuitantsurvives.
Option J
Joint Life Immediate Annuityfor life with a provisionfor 100% of the annuitypayableas
long as one of the Annuitantsurvives and return of Purchase Price on death of last
survivor

4. ANNUITY OPTIONS AVAILABLE UNDER DEFERRED ANNUITY
ANNUITY OPTIONS ANNUITY DESCRIPTION
Option 1 Deferred annuity for Single life
Option2 Deferred annuity for Joint life

5. • MODES OF ANNUITY PAYMENTS
• YLY ,HLY,QTY,MTY

6. IMMEDIATE ANNUITY
OPTION “F”(SINGLE) BENEFITS
• During Survival annuity payable
• On death Purchase Price payable

7. IMMEDIATE ANNUITY
OPTION “J”(JOINT) BENEFITS
• During Survival annuity payable
• On first death 100% of annuity to survivor
annuitant
• On death of last survivor annuity will cease,
Purchase Price to nominee

8. JOINT LIFE
The joint life annuity can be taken between any
lineal descendant/ascendant of a family(for example
Grandparent,Parent,Children,Grandchildren or
spouse or siblings

9. DEFERRED ANNUITY
“SINGLE LIFE”BENEFITS
• During survival after deferment period , Annuity is to
be paid .
• On death during deferment period higher of
Purchase Price plus Accrued Guaranteed Additions or
110% of Purchase Price is payable.
• On death after the deferment period higher of
Purchase Price plus Accrued Guaranteed Additions
minus total annuity payout till date of death or 110%
of Purchase Price is payable.

10. DEFERRED ANNUITY
“JOINT LIFE”BENEFITS
• After deferment period during survival, Annuity to be
paid in arrears as long as any life is alive.
• During deferment period on death of both lives,
higher of Purchase Price plus Accrued Guaranteed
Additions or 110% of Purchase Price is payable.
• After deferment period on death of both lives
Annuity payment will cease and higher of Purchase
Price plus Accrued Guaranteed Additions minus total
annuity payout till date of death or 110% of Purchase
Price is payable.

11. DEFERRED ANNUITY
ACCURED GUARANTEED ADDITIONS
• Accrue at the end of each policy month, till the end
of deferment period.
• Guaranteed Additions per month is
(Purchase Price *Annuity rate p.a payable monthly) /12
• In case of death of death of the annuitant shall
accrue till the completed policy month as on the date
of death

12. EXAMPLE ACCURED GUARANTEED ADDITIONS
Single Life Age 35 Years:Purchase Price Rs 5 Lacs
DEFERMENT PERIOD 1 YEAR 5 YEAR 10 YEAR 20 YEARS
RATE 66.90 86.5 119.2 214
MTH RATE(0.96*RATE) 64.22 83.04 114.432 205.44
MTH RATE(0.96*RATE)/12 5.35 6.92 9.54 17.12
MTH GUARANTEED ADD. 2676 3460 4768 8560
GUARANTEED ADDITION 32112 207600 572160 2054400
Joint Life First Life Age 40 Years: Second Life 35 Years
Purchase Price Rs 5 Lac
DEFERMENT PERIOD 1 YEAR 5 YEAR 10 YEAR 20 YEARS
RATE 66.80 85.7 117.6 223.8
MTH RATE(0.96*RATE) 64.13 82.272 112.896 214.848
MTH RATE(0.96*RATE)/12 5.34 6.86 9.41 17.90
MTH GUARANTEED ADD. 2672 3428 4704 8952
GUARANTEED ADDITION 32064 205680 564480 2148480

13. ELIGIBILTY CONDITION
• Minimum Purchase Price : Rs 1,50,000/-
• Maximum Purchase Price : No Limit
• Minimum Annuity
• Minimum Age at entry : 30 years(l.b.d)
Annuity Mode Monthly Quarterly Half-yearly Annual
Min Annuity Rs.1,000 Rs.3,000 Rs.6,000 12,000

14. ELIGIBILTY CONDITION(Cont.)
Criteria ImmediateAnnuity Deferred Annuity
Maximum Age at Entry 100 years (l.b.d) For option F
85 years (l.b.d) except option F
79 years (last birthday)
Minimum Deferment Period
Not Applicable
1 year
Maximum Deferment Period
20 years subject to
Maximum Vesting Age
Minimum Vesting Age 31 years (last birthday)
Maximum Vesting Age 80 years (last birthday)

15. INCENTIVE FOR HIGH PURCHASE PRICE
Mode of Annuity
Purchase Price(Rs)
500000
To
999999
1000000
To
2499999
2500000
To
49999999
5000000
To
9999999
10000000
@
Above
Yearly 1.5 2.1 2.45 2.6 2.7
Half Yearly 1.4 2 2.35 2.5 2.6
Quarterly 1.35 1.95 2.3 2.45 2.55
Montly 1.3 1.9 2.25 2.4 2.5

16. REDUCTION IN ANNUITY RATE UNDER
DEFERRED ANNUITY FOR NON YLY MODE
MODE REDUCTION IN ANNUITY RATE
HALF- YEARLY 2%
QUATERLY 3%
MONTLY 4%

17. EXAMPLE 2 :IMMEDIATE ANNUITY AMOUNT (OPTION F)
PURCHASE PRICE
AGE 200000 500000 1000000 2500000
YLY MTY YLY MTY YLY MTY YLY MTY
30 12560 1013 32150 2596 64900 5241 163125 13177
40 12620 1016 32300 2604 64600 5258 163875 13218
50 12700 1020 32450 2613 65600 5275 165500 13260
60 12820 1025 32800 2625 66200 5300 166375 13322
80 13320 1023 34050 2616 68700 5283 172625 13281

18. EXAMPLE 1 :DEFERRED ANNUITY AMOUNT (SINGLE)
AGE
PURCHASE PRICE 5 LACS
DEFERMENT
PERIOD
DEFERMENT
PERIOD
DEFERMENT
PERIOD
DEFERMENT PERIOD
20 YEARS 10 YEARS 5 YEARS 1 YEARS
YLY MTY YLY MTY YLY MTY YLY MTY
30 107750 8623 59500 4763 43700 3499 34150 2735
40 106400 8514 61350 4910 44400 3555 34250 2743
50 95850 7670 63850 5110 45600 3651 34350 2751

19. EXAMPLE 3: DEATH BEFEFIT
UNDER DEFERRED ANNUITY
• AGE 40 YEARS
• PURCHASE PRICE 5 LACS
• DEFERMENT PERIOD 20 YEARS
• DEATH AFTER TAKING3 YEARS OF ANNUITY
➢ GUARANTEED ADDITION PER MONTH
=500*(211.30*.96/12)=8452
➢ TOTAL GUARANTEED ADDITION=8452*12*20=2028480
➢ YLY PENSION=(211.30+1.5)*500=106400
➢ DEATH BENEFIT=500000+2028400-3*106400=2209200

20. SURRENDER UNDER POLICY
• Three months from the date of issuance of policy
under following annuity options
• Immediate Annuity :Option “F” and Option “J’’
• Deferred Annuity :Option 1(Single Life) and
Option 2(Joint Life)

21. LOAN UNDER POLICY
• After one year from the date of issuance of policy
under following annuity options
• Immediate Annuity :Option “F” and Option “J’’
• Deferred Annuity :Option 1(Single Life) and
Option 2(Joint Life)

22. LOAN UNDER POLICY
A) Immediate Annuity and Deferred Annuity (after deferment
period)
➢ Maximum of 80% of surrender value and annual interest not
to exceed 50% of annual annuity amount.
➢ Loan Interestwill be paid on the due date of annuity
B) Deferred Annuity (during deferment period)
➢ Maximum of 80% of surrender value and annual interest not
to exceed 50% of annual annuity amount.
➢ Interest shall be paid compounding half yearly basis.
➢ Forfeited clause will apply in case of default in the interest
payment.

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