Annuity Plans (Immediate & Deferred)
Annuity Plans (Immediate & Deferred)
Annuity Plans are financial products designed to provide a steady stream of income to individuals during their retirement years. These plans help policyholders plan for a secure and comfortable retirement by converting a lump sum investment into regular payments, ensuring financial independence and stability. Immediate annuities start paying out income soon after the investment, while deferred annuities accumulate funds over time and begin payouts at a later stage.
What Our Annuity Plans (Immediate & Deferred) Covers
• Regular income payments during retirement to maintain financial stability
• Flexible payout options: monthly, quarterly, half-yearly, or yearly
• Immediate annuity for those seeking instant retirement income
• Deferred annuity for long-term retirement planning and wealth accumulation
• Option to choose the payout period and beneficiaries for continued support
• Protection against the risk of outliving your savings, ensuring lifetime income
• Tax benefits under applicable sections of the Income Tax Act
Conclusion
Annuity Plans (Immediate & Deferred) are essential for individuals looking to secure a predictable and reliable income during retirement. They provide financial independence, reduce dependence on others, and offer peace of mind by ensuring a steady flow of income for life or a chosen period.
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