Annuity plans

• Lifetime Income – Annuity is payable at a constant rate throughout the life of the annuitant. This is particularly helpful when you do not receive regular income. This pension-like payout makes the routine life of the buyer comfortable.
• Lifetime Income with Capital Refund – Annuity is payable at a constant rate throughout the life of the annuitant. On death of the annuitant, 100% of the premium will be refunded to the nominee and the contract will terminate.
• Lifetime Income with Capital Refund in parts – annuity is payable at a constant rate throughout the life of the annuitant. 
• Protection of Capital – Annuity plans are designed keeping inflation in mind, rising medical expenditures, etc. This provides a safe investment option and shields against inflation over a period while building a corpus for retirement.
• Annuity Plan Tax Benefits – Most annuity plans come with tax* benefits under sections 80C and 10(10D). Therefore, these investments grow over a period with savings from tax payments and improve the cash in hand when the payouts start.
• Principal Amount – The principal amount invested is protected in an annuity plan. This means that you can choose any mode of investment or payout. The minimum guaranteed return will not go below the principal amount, thus ensuring that the buyers of the insurance annuity plan will at the least get the principal invested back.

Why you should consider purchasing an annuity plan.

Annuity insurance plans are a great way to plan for retirement. They offer reasonable returns, savings against inflation, and tax benefits. An annuity plan should be a part of your investment portfolio.