Ch. 4: What are the Different Types of Annuity Plans For Retirement
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Key takeaways from this chapter
What Are Retirement Annuity Plan?
Different Types of Annuity Plans
Based on how you pay your premiums
Based on who can be covered
Based on how you want your annuity to grow
Based on when you receive the payouts
Based on how long you receive the payouts
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Unlock the Power of Smart Investment!
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Disclaimer
1 Guaranteed Annuity Plus Plan, Annuitant -Health Male: Age 45 years | Annuity Option: Deferred Life Annuity with Return of Premium | Premium payment term – Limited pay (5 years) | Purchase Price: Rs. 10,00,000/ year for 5 years | Deferment period: 15 years Annuity Pay-out Frequency: Annual | Single life. Get Rs 6,94,936/- (Exclusive of taxes) from the end of 15 years, every year till annuitant is alive.
ABSLI Guaranteed Annuity Plus Plan is a Non-Linked, Non-Participating, General Annuity Plan (UIN: 109N132V09).
³ Provided that all due premiums have been paid.
*Tax benefits are subject to changes in tax laws. Please consult your financial advisor for further details.
ADV/12/22-23/2691