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A Non-Linked Non-Participating Individual Immediate Annuity Plan

Edelweiss Life – Saral Pension is a life insurance plan which
provides you with guaranteed¹ income in your golden years to indulge
in life's necessities without any compromises. As we understand, it is
during this period after that money should not be a concern for you to
decide how you would spend your retirement years.

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Take a step ahead to secure your life

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Saral Pension Brochure

A Multiple of single/annualized premium as life cover at all time during policy tenure
Product Brochure
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Sample Contract
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Rate Table
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Saral Pension Reasons why getting this plan

Reasons why getting this plan is a simple way to get secured!

Benefits of Saral Pension Plan Scroll

Benefits of Saral Pension Plan


Under any annuity option, annuity is guaranteed¹ throughout the life on the annuitant


Under this option, Annuity is paid for life of the annuitant. In addition, Purchase Price will be returned to the nominee / legal heirs on death of the annuitant.


Under this option, Annuity is first paid to the annuitant for life. After death of the annuitant, if the spouse is surviving, the spouse continues to receive same amount of annuity for life till his/her death. Subsequently, on death of the spouse, Purchase Price shall be payable to nominee / legal heirs. However, if the spouse has pre-deceased the annuitant, then on the death of the annuitant, the Purchase price shall be payable to the nominee / legal heirs


Policyholder can choose Annuity Mode as per his/her requirement. Annuity mode can be changed anytime, however, the same shall be effective from the next policy anniversary onwards.


Loan can be availed any time after six months from the date of commencement of the policy. Maximum amount of loan that can be granted under the policy shall be such that the effective annual interest amount payable on loan does not exceed 50% of the annual annuity amount payable under the policy. The interest on loan will be calculated on annual compounding basis.


Saral Pension Protect yourself in 3 easy steps!

Protect yourself in 3 easy steps!


Start Making Decisions!

  • Choose the purchase price (Single Premium) that you wish to pay to buy the annuity
  • or choose the annuity instalment you wish to receive.

Choose your Options

  • Choose Annuity Option
  • Choose Single Life or Joint Life option

Select what is best for you

  • Choose your annuity instalment frequency – Annual, Semi-Annual, Quarterly or Monthly.

Sit Back and Relax!

  • Receive the annuity instalments, as per the frequency chosen by you.

Need expert advice


Need expert advice?

Reasons Why You’re Bound To Love Us Back

Reasons Why You’re Bound To Love Us Back

Fire Away Queries Saral Pension

Fire Away Queries

Like teachers say, there are no silly questions

What is an annuity plan?

An annuity plan helps you get a regular payment for life after making a lump sum investment. The life insurance company invests the money of the investor and pays back the returns generated from it.

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In today’s fast paced world, it is becoming increasingly important to plan your life well. Given our hectic work lives today, it is important that you plan for a peaceful and secure retirement in the future. Many of us also plan to retire early and fulfill our unrealized dreams post retirement. It is, thus, necessary to ensure that you have adequate financial resources to enjoy a stress-free post-retirement life. 

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Edelweiss Life – Saral Pension Plan enables you to plan your retirement with guaranteed¹ annuity benefit. It offers a choice of two options as per your requirements. With this plan, you pay only once and avail annuity benefits for lifetime.

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As this is an annuity plan, its primary goal is to offer you plan a smooth retirement (or superannuation). You can opt for a regular annuity payout throughout your lifetime and ensure financial stability for your family if you’re not around.

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A Single pay plan is a life insurance plan that requires you to pay the premium amount only once.

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The minimum Purchase Price should be such that minimum annuity amount is at least Rupees 1,000 per month. The maximum purchase price will be subject to board approved underwriting policy.

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Minimum entry age is 40 years and Maximum entry age is 80 years.  

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As it is a Single premium paying term, you have to pay your premium only once

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The Annuity payout starts immediately depending on annuity mode chosen by the annuitant as mentioned below.

For Yearly Mode

After 1 year from the policy commencement date

For Half-yearly Mode

After 6 months from the policy commencement date

For Quarterly Mode

After 3 months from the policy commencement date

For Monthly Mode

After 1 month from the policy commencement date

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Rs. 1,000 per month for Monthly Annuity Mode

Rs. 3,000 per quarter for Quarterly Annuity Mode

Rs. 6,000 per half-year for Half-yearly Annuity Mode

Rs. 12,000 per annum for Yearly Annuity Mode.


No Limit, subject to board approved underwriting policy

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The policy can be surrendered any time after six months from the date of commencement, if the annuitant or the spouse or any of the children of the annuitant is diagnosed as suffering from any of the listed critical illnesses, based on the documents produced to the satisfaction of the medical examiner of the Insurer. On payment of surrender value, the policy stands terminated.

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You may be eligible for tax benefits as per applicable tax laws. Tax benefits are subject to change in the tax laws.

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Yes, there is a free look period of 15 days from the date of the receipt of the policy document. Policies sold through Electronic Mode and Distance Mode will have a free look period for 30 days.

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No there are no exclusions applicable to this plan.

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Any queries


We are always there for you !

For queries, write to

1- The word “Guaranteed” and “Guarantee” mean that annuity payout is fixed at the inception of the policy

2- Policy loan are subject to terms & conditions of the product. Refer product brochure for more details.

3- As per provisions of Income Tax Act, 1961. Tax benefits are subject to changes in tax laws.

Edelweiss Life - Saral Pension is only the name of a Non-Linked Non-Participating Individual Immediate Annuity Plan and does not in any way indicate the quality of the plan, its future prospects or returns. Please know the associated risks and the applicable charges from your Personal Financial Advisor or the Intermediary. Tax benefits are subject to changes in the tax laws.

Edelweiss Life Insurance Company Limited.
Flower & Edelweiss (as displayed above) are trademarks of Edelweiss Financial Services Limited used by Edelweiss Life Insurance Company Limited under license.

IRDAI Reg. No.: 147 | CIN: U66010MH2009PLC197336 | UIN: 147N072V03 | UIN: 147N070V02 | ARN No : WP/3449/Oct/2023

Registered & Corporate Office: 6th Floor, Tower 3, Wing ‘B’, Kohinoor City, Kirol Road, Kurla (W), Mumbai 400070.

Toll Free No.: 1800 212 1212 | Fax No.: +91 22 6117 7833 |



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