In case of the annuitant’s death, the nominee is also entitled to receive Death Benefit. Tata AIA Life Insurance has launched their Fortune Guarantee Pension, a flexible annuity (guaranteed income for life) plan that will offer multiple guaranteed income options.
The company claims that the pension plan will aim to help consumers bridge the gap in terms of adequate retirement planning and income, gain financial freedom, and lead a carefree life by encouraging savings from an early age for the policyholder and the spouse. Ensuring a comfortable lifestyle throughout one’s life, especially at retirement, is an often-neglected priority in financial […]
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