With single premium annuity, only one single payment is required, while a flexible premium product allows you to make deposits over time. (goodfinancialcents.com)
Reduction in service tax of single premium policies: Service tax has been reduced from 3.5 per cent to 1.4 per cent of the premium paid towards single - premium annuity policies. (policybazaar.com)
With a flexible premium annuity, the amounts you pay into your annuity can change to meet your needs. (transamerica.com)