Annuity is an regular income paying insurance product that can be used as part of pension planning. You have to make an investment in the annuity and on a future date, it will make payments. The payments will be calculated on the basis of your payment period.
Here is the list of Popular Pension Plans Available in India:
- LIC Jeevan Shanti – Immediate & Deffered Annuity Plan
- LIC Jeevan Akshay VI
- SBI Life – Annuity Plus
- HDFC Life New Immediate Annuity Plan
- ICICI Pru Immediate Annuity
- Reliance Immediate Annuity Plan
- BSLI Immediate Annuity Plan
