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Annuity Plan

Annuity plan, also referred to as a pension plan is an investment option wherein you can make lump sum or period payments to get guaranteed lifelong income or income post retirement. Annuity plans are a great financial tool for planning your retirement. With an annuity plan, you can invest a lump sum amount and enjoy a steady income and secure the golden years of your life in a stress free manner.

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It is a form of investment which gives you a fixed amount of money for the rest of your life in return for a lump sum payment.

  • You Invest

    ₹10 Lakh p.a.
    Pension for Life

  • You GET Tax Free

    ₹68.9 k
    Paid to Nominee
    • Me & Spouse

  • You Invest

    ₹10 Lakh p.a.
    Pension for life

  • You GET Tax Free

    ₹67.8 k
    Paid to Nominee
    • Me & Spouse

  • You Invest

    ₹10 Lakh p.a.
    Pension for Life

  • You GET Tax Free

    ₹67.2 k
    Paid to Nominee
    • Me & Spouse
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How does an annuity plan work?

  • Start by making a lump sum payment
  • You can start receiving income immediately or after a period of time as mentioned in the policy
  • The income payout is determined by a number of factors including investment amount, type of annuity plan, etc.
  • Income payouts are generally made for entire life

Features of annuity plan

Given below are features of annuity plan

  • Safe investment tool
  • Offers regular income post retirement
  • Tax benefits under section 80C
  • No cap on the investment amount
  • Offers financial security in your retirement years

Best plans available with us

  • HDFC Life New immediate Annuity Plan
  • ICICI Pru GPP- immediate Annuity
  • TATA AIA immediate Annuity
  • LIC - Jeevan Akshay 7

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