An annuity is a contract aimed at generating steady income during retirement. Lump sum payment is made to obtain immediate annuity or you invest regularly into plans which give you annuity at a later point in time. Annuities can be fixed or variable, with insurance cover or without, with payment of initial investment to the nominee or without.
Annuity plans are not so popular class of investments, thanks to their low returns, lack of tax benefits and complex product structure. But immediate annuity plans, which guarantee lifelong income at monthly, quarterly or annual intervals, are a good fit for investors who value certainty over everything else.
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LEARN MORE ABOUT: Retirement Annuities
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Can we get standard deduction for the annuity ?
For 0 to 15% growth in fixed index annuities, contact connie dello buono 4088541883 , lifetime retirement income until 94
nice video
it is not applicable for NRI
Thanks for the informative video , I had purchased Smart Retire from SBI – will I have to pay tax on the pension received . Any rating for this schemes
you are the boss. Thank you so much.
Is there any video from which i can get from the statement about my contributions and NAV details and how much my corpus is till date accumulated . I am having a tier 1 acc , i work in sbi please have a video on this as i am very new to this . thank you
very nice man
what type of annuity would it be for govt employees? after retirement if he dies will his wife get pension?
Thank you for sharing!
Is there any immediate annuity plan in which I can get all the invested amount in 5 years post retirement?
Hello
i am an Indian citizen with an Indian passport but living in Australia with Australian permanent residency.
Am i eligible to invest ?
Thanks
Excellent Explanation of the Annuity Plans.
Hi
mam, i am a central gov employ.i am contributing npst tire-1. how can i purchase an asp by the help of npst account?/
giving examples would help..