Product Architecture

Entry Age  :50 years and not older than 70years

Policy Term  :Whole of  life

Purchase Consideration  :Lump sum at inception

Payment Plan (to the Policyholder)   : ARM Life will pay income to the policyholder monthly, quarterly, half yearly, yearly  (Retirement Income Plan)

BENEFITS:

• Income for Life:   The policyholder will receive regular income payments on pre specified dates for the rest of his life
• Surviving Spouse Benefit (Optional Benefit): There’s an extension to spouse where the spouse gets 50% of the policy holders regular income for life after his/her demise and it is opted at inception. This benefit is not applicable for statutory annuity plan.
• Burial Expense Benefit: ARM Life will pay two times the annuity (annualized) at the demise of the policyholder. This benefit is applicable only if guaranteed option is chosen.
• Surrender Benefit: Immediate Annuities will attract surrenders only after 2 years of annuity payment and surrender charges will be applicable. This benefit is available only if you choose the Guarantee option.
• Death Benefits: On the death of the policyholder before the expiration of the guaranteed period, income will continue to be paid for the unexpired guaranteed period or a lump sum of the equivalent value will be immediately paid.
• Tax: Life Premium is tax deductible. Regular income is tax exempt