Description: “Best Years Retirement Plan” is a plan with capital guarantee which protects you from market swings. This Plan helps to build a sizeable financial asset for you or your family, in case you’re not around. This plan can ensure that your post-retirement years are spent in peace and comfort. And it extends the same comfort to your family by standing as a financial asset, in case you are not around. This long-term investment plan can truly ensure that your retirement years are the best years of your life.

Benefits:
. The benefit amount under this plan on the maturity date or on earlier death of Policyholder is the balance amount in the Individual Pension Account.
. When you attain the chosen vesting date, you can withdraw up to one-third of the benefit amount and it is tax free under Section 10(10A) of the Income Tax Act. The balance amount will be utilized to purchase an annuity.
. In case of death during the term of the policy, your spouse will have the following options in respect of the benefits under the policy
- To defer the purchase of annuity if the age of the spouse is less than 45 years.
- To encash up to 5% (or such percentage decided by the company depending upon the investment return) of the Benefit amount outstanding each year up to the age of 45 and then apply the balance if any, at age 45 to purchase annuity.
. In case there is no spouse, the benefit amount will be paid in lumpsum to the nominee/legal heirs.
. Balance in your Individual Pension Account is guaranteed on chosen Retirement Date or on death.
. You also have the flexibility
- To choose the regular contribution to be made each year.
- With regard to timing and frequency of contribution.
- To invest additional amounts in the form of Top-up contributions.
- To take a contribution holiday when you are unable to meet the regular contribution.
- To start the pension whenever you wish.
- To postpone your retirement date to make best use of market conditions.
- To take up to one-third of the balance amount at the chosen retirement date as a tax-free lumpsum.
- To attach a Term Rider if you wish.
- To purchase an annuity from ING Vysya Life or any other insurer.
. Contributions made are eligible for tax exemption under Section 80 CCC of the Income Tax Act.

Product Features:
Eligibility
. Minimum entry age: 18 years.
. Maximum entry age: 65 years.

Minimum Premium Payable
. Minimum Premium Amount is Rs.5,000.
. Minimum Top-Up contribution is Rs.2,000.

Vesting Age
. Minimum vesting age: 45 years.
. Maximum vesting age: 70 years.

Deferment Period
. Minimum deferment period: 5 years.
. Maximum deferment period: 52 years.