"Annual payout" refers to a specific amount of money that is received or paid out on a yearly basis. It typically signifies an amount of money that is given or received regularly or annually. Full definition
Additionally, the future premiums are waived and your nominee would be paid the guaranteed annual payouts on their respective due dates. (idbifederal.com)
He will receive 4 annual payouts of Rs 40,000 each year for four years starting from the end of 5th year after the end of policy term. (comparepolicy.com)
The beneficiary also has the option to receive future outstanding annual payouts as a lump sum. (comparepolicy.com)