Pension plans must ensure guaranteed income. (Photo: Shutterstock) After retirement, one wants a guaranteed income stream. Only annuities can offer this. Look up Policybazaar.com’s table on single and regular premium, deferred and immediate annuity plans and choose one that suits your needs. Various pension plans
Regular pay: 45-year-old Individual with 10-year payment term & 10-year deferment investing Rs 10,000 per month (Single Life with ROP*). Single Pay Immediate Annuity – 60-year-old individual investing Rs 10 lakh (Single Life with ROP) Single Pay Deferred Annuity – 60-year-old individual with 5-year deferement investing Rs 10 lakh (Single Life with ROP) […]
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