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DLF Pramerica Golden Age is one plan that has many advantages.With the help of this plan you can save money to generate a regular income (annuity) for post retirement.
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To reward savings regularly towards your Policy, we will add up to 200% of regular premium at regular intervals.
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You have the option to safeguard you fund before maturity; we will switch your investment at regular intervals to Pension Debt Fund beginning 3 years from your chosen retirement age.
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On vesting of the policy at the retirement age chosen, you have the following options:- To purchase an annuity from the fund value, or - Receive a lump sum amount up to 1/3rd of the total value tax free, i.e. value of regular premium units and top-up units on the vesting date and apply the rest to an annuity.
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In case of the unfortunate event of death of the Life Insured, before the chosen retirement age, the nominee will receive the fund value, including value of top-up units, if any.
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You can surrender your policy after completion of 3 policy years. However, the policy will acquire surrender value after payment of full one-year premium.
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You can start receiving your annuity payouts any time after you reach 45 years of age. However, you have an option of deferring this date till the age of 75 years.
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To boost your investment, you can pay additional premiums provided you have paid all your due regular premiums. These Top-up premiums are then invested into the same funds as chosen for the regular premium.
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You can switch your investments within funds, depending on your financial priorities and investment decision. In any year 4 switches are available free of cost.
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To manage any unexpected need for money or for any exigency, partial withdrawals can be made from your investment account after 5 policy years.
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After the completion of first policy year, you can reduce the premium, provided you have paid all the premium/s due.
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