Annuity Rates for the month of July 2014

I.  ICICI

Age 60, Male, spouse age difference 5 years, PP of Rs.100,000

Annuity Option / Monthly
Life Annuity / 717
Life Annuity With return of purchase price / 597
Joint life last survivor / 589
Joint life last survivor with return of purchase price / 587

Age 58, Male, spouse age difference 5 years, PP of Rs. 100,000

Annuity Option / Monthly
Life Annuity / 699
Life Annuity With return of purchase price / 596
Joint life last survivor / 587
Joint life last survivor with return of purchase price / 586

Please note these rates are valid only for the month of July 2014.

II.  LIC

a.  Joint Life ROC

Mode of Annuity / Incentive to High Purchase Price(Rs.)
Less than Rs. 250000 / Rs.250,000 to Rs.499,999 / Rs.500,000 to Rs.749,999 / Rs 7,50,000 To Rs 9,99,999 / Rs 10,00,000 & Above
Yearly / 0 / 3.75 / 4.00 / 4.30 / 4.35
Half Yearly / 0 / 3.45 / 3.70 / 4.00 / 4.05
Quarterly / 0 / 3.35 / 3.60 / 3.90 / 3.95
Monthly / 0 / 2.90 / 3.50 / 3.80 / 3.90

b.  Life

Mode of Annuity / Incentive to High Purchase Price(Rs.)
Less than Rs. 250000 / Rs.250,000 to Rs.499,999 / Rs.500,000 to Rs.749,999 / Rs 7,50,000 To Rs 9,99,999 / Rs 10,00,000 & Above
Yearly / 0 / 3.75 / 4.00 / 4.30 / 4.35
Half Yearly / 0 / 3.45 / 3.70 / 4.00 / 4.05
Quarterly / 0 / 3.35 / 3.60 / 3.90 / 3.95
Monthly / 0 / 2.90 / 3.50 / 3.80 / 3.90

c.  ROC

Mode of Annuity / Incentive to High Purchase Price(Rs.)
Less than Rs. 250000 / Rs.250,000 to Rs.499,999 / Rs.500,000 to Rs.749,999 / Rs 7,50,000 To Rs 9,99,999 / Rs 10,00,000 & Above
Yearly / 0 / 3.75 / 4.00 / 4.30 / 4.35
Half Yearly / 0 / 3.45 / 3.70 / 4.00 / 4.05
Quarterly / 0 / 3.35 / 3.60 / 3.90 / 3.95
Monthly / 0 / 2.90 / 3.50 / 3.80 / 3.90

d.  Joint Life 100%

Mode of Annuity / Incentive to High Purchase Price(Rs.)
Less than Rs. 250000 / Rs.250,000 to Rs.499,999 / Rs.500,000 to Rs.749,999 / Rs 7,50,000 To Rs 9,99,999 / Rs 10,00,000 & Above
Yearly / 0 / 3.75 / 4.00 / 4.30 / 4.35
Half Yearly / 0 / 3.45 / 3.70 / 4.00 / 4.05
Quarterly / 0 / 3.35 / 3.60 / 3.90 / 3.95
Monthly / 0 / 2.90 / 3.50 / 3.80 / 3.90

III. Bajaj Alliance

IV.  SBI Life

Please note that from September 2013, it is mandatory to deduct service tax explicitly. Hence, rates both inclusive and exclusive of service tax are given below. The net rate is marked in yellow.

In case of ROC options, the capital to be returned in case of demise of annuitant will be total purchase price minus service tax @3.09%.

Member's Age / Spouse's age / Annuity Type / Base Return Rate (yearly) (excl of st) / Base Return Rate (yearly) (incl of st) / Return Rate (yearly) (incl of service tax)
For Purchase Price>=Rs.2.5 Cr / For Purchase Price>=Rs.10 Cr / For Purchase Price>=Rs.25 Cr / For Purchase Price>=Rs.50 Cr / For Purchase Price>=Rs.100 Cr
60 / NA / LO / 96.12 / 93.24 / 93.95 / 94.66 / 95.39 / 95.64 / 95.88
60 / NA / LROC / 72.18 / 70.02 / 70.55 / 71.09 / 71.63 / 71.82 / 72.00
60 / 55 / JL 100 / 81.68 / 79.24 / 79.84 / 80.45 / 81.06 / 81.27 / 81.48
60 / 55 / JL 100 ROC / 71.58 / 69.43 / 69.96 / 70.49 / 71.04 / 71.22 / 71.40