Annuity Plans
Not everyone enjoys getting a pension in India after retirement. It is seen that individuals getting a regular pension from their respective organization manages their finances better and also live a stress-free life. Individuals not having a pension can purchase an annuity plan and plan at least part of their retirement income well in advance. It is very important to have a regular cash flow after retirement. It is said that not cash, not the rate of return but only regular and guaranteed cash flow is most important for any retiree. Annuity plans may be purchased well ahead of retirement age so that adequate corpus may be generated for regular income post-retirement. There are various annuity plans that provide immediate or deferred annuity plans and also with or without death benefits. Depending on the other sources of income and number of dependents one may choose the best-suited annuity product. There is no tax liability on annuity earnings unless one starts getting periodic payments. For more information on Annuity Plans, their benefits, and premiums please contact us by email, Whatsapp, or simply send a request using the adjacent inquiry form