Annuity plans

Annuity plans Service By GK MF Invest Private Limited

An annuity is a contract, where an income is paid at regular intervals, in return for a lump sum paid up-front.

businessman and businesswoman shaking hands in off 2021 08 28 18 32 47 utc 1

What is an annuity plan?

An annuity is a contract, where an income is paid at regular intervals, in return for a lump sum paid up-front. Upon paying the lump sum to the insurance provider, the annuity payouts may commence as early as the next month. The income amount is generally guaranteed for life and can be availed in various combinations and options. Just like Life Insurance insures against the risk of per-mature death, Annuity insures against the risk of living too long.

What does annuity plan cover?

Get Started Today
We at GK MF Invest Private Limited serves the people ,with their desired products
New Delhi , India
Our Services are available across Pan India

What are different Types of annuity plans coverage?

Immediate annuity plan:

In an immediate annuity plan, your income starts immediately after you invest in an annuity plan. You can get the annuity as early as one month after investing in the plan. You can consider immediate annuity plans if you are close to retirement and want to get regular income immediately.

Deferred annuity plan:

In a deferred annuity plan, your income starts at a later date chosen by you. You can lock-in higher interest rates at the time of purchasing the annuity so that you get more money for your retirement years. This option is useful, if you have 5-10 years left to retire.

Term Insurance

Protecting your home with insurance will give you a sense of security

Endowment Policy

Endowment plans offer you guaranteed returns on the death of the insured or after maturity

Unit Linked Insurance Plan

ULIP is both an insurance policy and an investment

Moneyback Policy

Ensure protection for your family along with options to get money back*

Benefits of an annuity plan:

  • 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.

Address

House No.103 Daulatpur Village , New Delhi 110043
New Delhi,India

Contact Details

Phone No: 9910266310
Email: help@gkinvest.in
Pay Online

Online payment option available in some cases

Investment Update

Get your Investment update

Contact us

Connect with us for any help on personal finance

Review Your Investment

Get help in reviewing your current investments

GK MF Invest Private Limited

Our Services are available across Pan India

Need a personalized solution?

GK MF Invest Private Limited is ready to cater
all your Insurance Requirements

Customer first

Customers and their needs are our first priority. All our insurance plans are tailor made

Community Focused

We give back to our community and get involved with the charities we support.

Passion

We go the extra mile to exceed your expectations, no matter what you need.

Experienced Agents

With extensive experience, we understand what it takes to bring you quality coverage.

We at , GK MF Invest Private Limited serves the people ,with their desired products.

New Delhi , India

House No.103 Daulatpur Village , New Delhi 110043
New Delhi,India