What is Annuity? Types of Annuities | Retirement Planning Tips by Yadnya



An annuity is a contract aimed at generating steady income during retirement. Lump sum payment is made to obtain immediate annuity or you invest regularly into plans which give you annuity at a later point in time. Annuities can be fixed or variable, with insurance cover or without, with payment of initial investment to the nominee or without. Annuity plans are not so popular class of investments, thanks to their low returns, lack of tax benefits and complex product structure. But immediate annuity plans, which guarantee lifelong income at monthly, quarterly or annual intervals, are a good fit for investors who value certainty over everything else. Find us on Social Media and stay connected: Facebook Page - https://www.facebook.com/yadnyaacademy/?fref=ts Facebook Group - https://goo.gl/y57Qcr Twitter - https://mobile.twitter.com/investyadnya

Comments

  1. Excellent Explanation of the Annuity Plans.
  2. Hi
  3. mam, i am a central gov employ.i am contributing npst tire-1. how can i purchase an asp by the help of npst account?/
  4. giving examples would help..


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