புதிய ஓய்வூதியம் சார்பாக அரசு வெளியிட்டுள்ள பரிந்துரைகளுக்கு, சந்தாதாரர்களின் கருத்து தெரிவிக்க உத்தரவு

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PFRDA 26.12.2013 அன்று புதிய ஓய்வூதிய தொழிலாளர்களின் ஓய்வூதியம் பெறுவது தொடர்பான தனது பரிந்துரையை தனது வலைதளத்தில் (pfrda.org.in) வெளியிட்டுள்ளது. இது குறித்து கருத்து ஏதேனும் தெரிவிக்க விரும்பினால் 31/01/2014 ஆம் தேதிக்குள் k.sumit@pfrda.org.in என்கின்ற மின்அஞ்சல் முகவரிக்கு அனுப்பும்படி இதில் தெரிவிக்கப்பட்டுள்ளது.

குறிப்பு: மேலே குறிப்பிடப்பட்டுள்ள பரிந்துரையின் 10 மற்றும் 11 வது பக்கத்தின் Annuity Scheme தொடர்பான பரிந்துரை அனைவரின் கவனத்திற்காக கீழே இணைக்கப்பட்டுள்ளது. இது குறித்த விரிவான விளக்கம் மற்றும் குறைபாடுகள் வரும் பதிவுகளில் தெரிவிக்கப்படும். அனைவரும் இந்த பரிந்துரை சார்பான கருத்துகளை மேலே குறிப்பிட்டுள்ள மின்அஞ்சல் முகவரிக்கும் நமக்கும் தெரிவிக்கும்படி அன்புடன் அழைக்கின்றோம்.

ஒன்றுபடுவோம்! போராடுவோம்! வெற்றிபெறுவோம்!

தோழமையுடன்

நா. வடிவாம்பாள், NPSERA

4. Annuity Options Available:

The annuity options that are generally available with the ASP’s in the Indian market are as follows. However, all the ASP’s may not offer all the options and may offer only few of the given below options depending on the availability of such product with them.

Type of Annuities or Annuity Choices:

The following are the variants of annuity that are generally available with all the empanelled ASP’s.

1. Annuity/ pension payable for life at a uniform rate.

2. Annuity payable for 5, 10, 15 or 20 years certain and thereafter as long as the annuitant is alive.

3. Annuity for life with return of purchase price on death of the annuitant.

4. Annuity payable for life increasing at a simple rate of 3% p.a.

5. Annuity for life with a provision of 50% of the annuity payable to spouse during his/her lifetime on death of the annuitant.

6. Annuity for life with a provision of 100% of the annuity payable to spouse during his/her lifetime on death of the annuitant.

7. Annuity for life with a provision of 100% of the annuity payable to spouse during his/ her life time on death of annuitant. The purchase price will be returned on the death of last survivor. Any one option can be chosen. Once chosen, the option cannot be altered.

5. What happens in case of death of annuitant?

i. Under option (1) annuity ceases after the annuitant dies.

ii. Under option (2)

I. On death of the annuitant during the guaranteed period - annuity is paid to the nominee till the end of the guaranteed period after which the same ceases.

II. On death after the guaranteed period - annuity ceases.

iii. Under option (3) annuity ceases after death of the annuitant and the purchase price is paid to the nominee.

iv. Under option (4) annuity ceases after death of the annuitant.

v. Under option (5) payment of 100% annuity ceases after death of the annuitant and 50% of the annuity is payable to the surviving named spouse during his/her life time. If the spouse predeceases the annuitant, the annuity ceases after death of the annuitant.

vi. Under option (6) payment of annuity ceases after death of the annuitant and full annuity is payable to the surviving named spouse during his/her life time. If the spouse predeceases the annuitant, the annuity ceases after death of the annuitant.

vii. Under option (7) payment of annuity ceases after death of the annuitant and full annuity is payable to the surviving named spouse during his/her life time. If the spouse predeceases the annuitant, the annuity ceases after death of the annuitant and purchase price is paid to the nominee.

6. Default option for annuity service provider and annuity scheme:

The following default annuity service provider along with the annuity scheme is available to all the subscribers under National Pensions System.However, it may be noted that default option is being purely provided in the subscribers’ interest and to avoid any delay in claim processing and is not with a view to endorse/promote any particular ASP or annuity variant being offered by the ASP.

1. Default Annuity Service Provider – Life Insurance Corporation of India (LIC)

2. Default Annuity Scheme - Annuity for life with a provision of 100% of the annuity payable to spouse during his/her life on death of annuitant’and Under this option, payment of monthly annuity would cease once the annuitant and the spouse die or after death of the annuitant if the spouse pre-deceases the annuitant, without any return of purchase price.

3. However, where the corpus is not adequate to buy the default annuity variant and from the default ASP, the subscriber has to compulsorily choose an ASP who offers an annuity at the available corpus in the account of the subscriber.

7. Service Tax:

The amount of service tax as per the prevailing rates shall be payable by the policy holder along with the purchase price.

8. Paid-up value/ Surrender Value/ Loan:

The policy does not acquire any paid-up value and no surrender value and no loan will be available under the policy.

Note: The above is an attempt to provide you with the generic information on annuity and annuity options available in the Indian market. This is for illustrative purpose only. This does not represent any guarantee or promise and for detailed information on the annuities offered or the ASP’s you may approach the empanelled ASP’s and also at