Retirement and Annuity Plan

With these plans there would be no need to change your lifestyle when you retire. Enjoy all the thrills of life with time to spare.
Investing in a good Retirement Plan or Annuity Plan can ensure financial independence for you and your family. It enables you to enjoy a peaceful retired life, pursuing hobbies and living your life the way you would like to.

Highlights

Compounding Advantage: Benefit of starting investment earlier as the corpus gets compounding benefit over a longer period of time.
Risk Coverage: Payout of sum insured in case of demise of the policyholder to the nominee, in case of opting for a life insurance coverage in the plan.
Guaranteed Pension/Annuity: Guaranteed pension/annuity amount can be earned for life. The plans also have option to continue receiving pension for the nominee.
Annuity Options: Option to select annuity immediately or after a deferral thereby allowing further investment accumulation and compounding benefit.
Tax Benefit: Policyholder can avail tax benefit under Section 80CCC and Section 10(10A) of the Income Tax Act, 1961, subject to fulfilment of the other conditions of the respective sections prescribed therein. Kindly note that all the tax benefits are subject to tax laws prevailing at the time of payment of premium or realisation of benefits by policyholder. It is advisable to seek independent advice.
Rider Benefit: Enhance the risk coverage by adding riders to your policy at a nominal cost.
Low Risk: Owing to the assured returns component, these plans tend to have a low risk.

DCB Bank Ltd. is licensed by Insurance Regulatory and Development Authority of India – IRDAI under registration number #CA0089 for conducting its Bancassurance business. Participation by Bank’s clients in insurance products is purely on voluntary basis.