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A Guide on Annuity Plan

An annuity plan is an individual, non-linked and non-participating product.<br><br>https://www.sbilife.co.in/en/individual-life-insurance/pension/annuity-plus

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A Guide on Annuity Plan

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  1. A Guide on Annuity Plan

  2. What is an Annuity Plan? An annuity plan is an individual, non-linked and non-participating product. It offers immediate, regular payment for the lifetime of the policy holder, once they make a lump sum investment. It is a good choice for receiving fixed income for the rest of your life.

  3. Benefits of Choosing Annuity Plan Annuity Plans helps you celebrate your retired life without financial worries. It offers the option to include a family member. Larger premiums receive better annuity rates. It gives the flexibility to pick from monthly or yearly payments. There is no limit on the maximum purchase price.

  4. What Does the Annuity Plan Offer Fixed periodic annuity/pension throughout life. Comprehensive range of annuity options to pick from on a single premium payment. Flexible annuity payout frequency options. Fixed annuity from date of issuance. Option to advance the annuity.

  5. How Can the Annuity Plan Help with Retirement Policy holders can receive annuity payments after retirement in return for the investment made. This offers financial security, peace of mind and independence, which are crucial in your golden years. Annuity helps to plan your retirement days well. Opt for monthly, quarterly or yearly payments, according to your requirements.

  6. How to Calculate Premiums ? Use an annuity premium calculatorby adding the proposer details. This includes your name and contact information. You also need to add gender, date of birth, single/two lives option and first annuitant details. Choose the annuity amount you would like to receive along with payout frequency and plan option. Now click the Calculate Premium option to know the amount.

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