What is Annuity? Types of Annuities | Retirement Planning Tips by Yadnya

by | Oct 4, 2022 | Retirement Annuity | 16 comments

What is Annuity? Types of Annuities | Retirement Planning Tips by Yadnya




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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16 Comments

  1. Sunil J

    Can we get standard deduction for the annuity ?

  2. connie b. Dellobuono

    For 0 to 15% growth in fixed index annuities, contact connie dello buono 4088541883 , lifetime retirement income until 94

  3. Raja R

    it is not applicable for NRI

  4. MON

    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

  5. Tridib Pal

    you are the boss. Thank you so much.

  6. Avijit Dey

    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

  7. Mintu Zaman

    what type of annuity would it be for govt employees? after retirement if he dies will his wife get pension?

  8. Jan Gleisner

    Thank you for sharing!

  9. Mayank Gupta

    Is there any immediate annuity plan in which I can get all the invested amount in 5 years post retirement?

  10. nitin chauhan

    Hello
    i am an Indian citizen with an Indian passport but living in Australia with Australian permanent residency.
    Am i eligible to invest ?

    Thanks

  11. Prakash Chandra

    Excellent Explanation of the Annuity Plans.

  12. Pinki Singh

    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?/

  13. Srinivasan P L

    giving examples would help..

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