10 Good reasons for jeevan nidhi

There are more than 5.5 crore people
aged more than 60 years
in India today.
By the year 2016, 11.3 crore
people in India are expected
to be aged greater than 60 years
Average educated Indian
is expected to live 20 years
beyond his retirement age
Retirement is a wonderful opportunity
to live a new life, develop new interests
make new contributions to society
You need not compromise on
your lifestyle even
when you retire
Financial independence
will enable you to live life
your own way even after
Life expectancy has increased considerably
Costs of living and health care have risen
Joint family system has disintegrated
Interest rates have fallen significantly
Standard of living has to be maintained.
All the above circumstances
necessitate sufficient & consistent income
after you retire from work
Businessmen, Professionals, Shopkeepers, Agriculturists
Employees in the new age industries like BPOs, Call Centers
need regular income when they retire from work
in the same fashion as employees who are
provided pensions through their employers.
Our country has a large number of such
professionals, businessmen, agriculturists & also
employees in the New Age industries.
Jeevan Nidhi provides risk cover during the deferment period.
Options are available for term assurance cover, critical illness cover, premium waiver cover.
Enables planning for retirement
from an early age of 18 years,
in small instalments
There are options
for five different types of annuities
Option available to start pension
from as early as age 40 years
to age 70 years.
Premium paid upto Rs. 10,000 in a year
is eligible for Income Tax rebate
under Sec. 80 CCC(1) of Income Tax,, 1961.
Deferment period 5 to 35 years are available.
Premium can also be paid in a single instalment.
It guarantees an amount equal to :
Sum Assured + Guaranteed Addition @ Rs. 50 per thousand sum assured per annum for first 5 years
+
Simple reversionary bonus from 6th year onwards + Terminal Bonus, if any.
Above amount will be used to provide annuity on date
of vesting.
If unfortunate death occurs earlier to vesting, amount
paid to beneficiary in lump sum.
It will spare you of the worries of ‘tomorrow’
and enable you to enjoy your ‘today’.
There is a need to provide for ‘risk of living longer’
in the same way we secure against ‘risk of dying early’.