Sentences with phrase «immediate annuity plans»

However under immediate annuity plans, you invest a bulk amount one - time and get monthly pension from the next month itself.

Under immediate annuity plans, on the other hand, you pay a lump sum amount and annuity payments start immediately from the corpus you have invested.

There are deferred annuity plans and immediate annuity plans under this category.

Immediate Annuity Plans: In case of immediate annuity plans, the pension commences within one year of having paid the premium.

Here, it is important to mention that immediate annuity plans are non-participating products and thus, they don't earn bonuses.

The immediate annuity plans generally require a single premium that is paid at the beginning of the policy, while deferred plans need regular premiums that are paid to build up a retirement corpus for the future.

These plans are generally divided into two: immediate annuity plans and deferred annuity covers.

Whether you buy deferred annuity plans or immediate annuity plans, the income is secure and guaranteed.

Currently, deferred pension plans are «to incubate,» immediate annuity plans are «without cover.»

The premiums paid for the immediate annuity plans are tax exempted, under Income Tax Act, 1961.

However, the investment in immediate annuity plans is made in lump sum.

Pension plans also have the feature of a joint life annuity especially in case of immediate annuity plans.

There is no death benefit in case of immediate annuity plans.

In case of immediate annuity plans, the single premium paid will be exempted from tax under Section 80CCC which deals with the payment of premium for pension plans.

LIC has closed their immediate annuity plan for now.

The advantage of immediate annuity plan is that you can buy this plan anytime before or after yoir retirement.

Plans like immediate annuity plan may serve your purpose in this case.

This immediate annuity plan is a traditional pension plan where annuity starts immediately and thus it allows the policyholder to plan for retirement.

ICICI Pru Immediate Annuity Plan — as the name suggest, it is an immediate annuity plan with the following features:

It is an immediate annuity plan from Kotak Life Insurance which is different from other Kotak Life plans in the sense that payments begin soon after the single premium.

From the entire vesting amount, the insured can buy immediate annuity plan at prevailing annuity rates.

It's a traditional immediate annuity plan where annuity payments start immediately after the single premium.

In such a scenario, a wise decision is to invest in an immediate annuity plan.

IndiaFirst Annuity Plan is a non-linked, non-participating, traditional immediate annuity plan.

Kotak Lifetime Income Plan is an immediate annuity plan.

The policyholder can withdraw 1 / 3rd of the entire corpus free of tax liability and can purchase an immediate annuity plan at prevailing annuity rates from the remaining amount.

Shriram Life Insurance Company offers one plan in the category of retirement plans which is an immediate annuity plan where annuity payouts are payable immediately after paying the single premium.

SBI Life Annuity Plus is a traditional immediate annuity plan with various annuity options to cater a hassle free retirement life.

Commute up to one - third of the benefit amount available on the termination of the policy, or to the extent allowed under the Income Tax Act, and utilize the balance amount to purchase an immediate annuity plan offered by ICICI Prudential at the then prevailing annuity rate

Utilize the entire amount for purchasing an immediate annuity plan offered by ICICI Prudential at the then prevailing annuity rate

LIC's Jeevan Akshay II falls under the category of immediate annuity plan.

Withdraw a part of the death benefit amount and invest the remaining amount in an immediate annuity plan offered by ICICI Prudential at the then prevailing annuity rate

You may take up to 1 / 3rd * of vesting benefit as a lump sum and purchase an immediate annuity from us with the balance amount at the then prevailing annuity rates under any immediate annuity plan available on sale then.

Annuity plans can be broadly categorized into immediate annuity plan and deferred annuity plan.

Star Union Dai - ichi Life Immediate Annuity Plan is a traditional immediate annuity plan without bonus geared towards catering for its customers retirement requirements.

An immediate annuity plan is a kind of annuity plan where the policyholder begins receiving the annuity as soon as the purchase price is paid.

You can opt for an immediate annuity plan from LIC like LIC Jeevan Akshay that will pay you additional income.

Reliance immediate annuity plan: This is a single premium plan which allows you to leave some funds for your dependents.

If you chose to buy the plan after your retirement or very close to the retirement date, you have to opt for an immediate annuity plan.

In an immediate annuity plan, the annuity phase begins as soon as the purchase price is paid.

If you received a cash bonus at the time of opting for the VRS, it would be an intelligent idea to invest a part of that money in an immediate annuity plan.

The vesting amount that is paid by the policyholder is used to purchase an immediate annuity plan.

The immediate annuity Plan is some other famous coverage plan from Future Generali and offers a fixed, assured earnings after the stop of the premium term.

However, they are limited to the purchase of immediate annuity plan from LIC only.

Kotak Lifetime Income Plan: It is an immediate annuity plan that provides assurance of income.

Immediate annuity plan = In immediate annuity plan, if you are above 30 years, you can pay a lump sum amount and then start earning annuity benefits immediately after retirement.

We at Bajaj Allianz Life Insurance understand this need of maintaining a lifestyle even after retirement and offer a group immediate annuity plan that provides assured regular income (pension) to your member after his / her retirement.

This is a non-linked non-par immediate annuity plan that gives you a guaranteed profit after retirement so that you can live worry - free.

A perfect traditional non-linked, non-participating immediate annuity plan.

Kotak e-Lifetime Income Plan: An immediate annuity plan for financially independent life.