Retirement Annuity Insurance

Q: Can I add my spouse to the plan?

Yes! You can choose a Joint Life Annuity so that your spouse also receives income after you.

💡 What Is Retirement Annuity Insurance?

Retirement Annuity Insurance is a long-term savings and income plan designed to ensure that you continue receiving a steady income after you retire.
It helps you build a retirement fund during your working years and then provides regular monthly or yearly payments once you stop working — so you can live your golden years with financial independence and peace of mind.

It’s not just a plan; it’s your financial freedom for life after work — a smart way to turn your savings into a guaranteed lifelong income.

⚙️ How Retirement Annuity Insurance Works

During your working years, you pay regular premiums (monthly, quarterly, or annually).
These contributions grow with time, building your retirement corpus.
After you retire (typically at age 55–65), you start receiving regular income payments — known as “annuities” — for a chosen period or for life.
You can choose how and when you want to receive your annuity:
- Monthly
- Quarterly
- Half-yearly
- Annually

This ensures your income never stops, even after your job does.

1️⃣ Immediate Annuity Plan

Start receiving income immediately after you invest a lump sum amount.
This plan is perfect for people who are about to retire or have recently retired and want a regular flow of income without any waiting period.
You invest once, and your pension starts right away — helping you maintain your lifestyle, manage monthly expenses, and stay financially independent.

💬 Ideal For: Retirees looking for instant, risk-free monthly income after years of hard work.

2️⃣ Deferred Annuity Plan

With this plan, you can start saving today for a comfortable tomorrow.
You contribute a fixed amount regularly (monthly or yearly) until your chosen retirement age.
After that, you’ll receive guaranteed income for life — helping you enjoy your retirement years without financial stress.
Your money grows during the accumulation period, giving you a larger pension later.

💬 Ideal For: Working professionals or business owners who want to build a secure retirement fund gradually.

3️⃣ Joint Life Annuity

This plan covers both you and your spouse, ensuring lifetime income for both.
If one partner passes away, the surviving spouse continues to receive the income — ensuring financial stability and emotional peace for your loved one.
It’s one of the best options for couples who wish to safeguard their family’s financial future together.

💬 Ideal For: Married couples who want dual protection and uninterrupted pension benefits.

4️⃣ Guaranteed Period Annuity

This plan allows you to select a guaranteed payment period — such as 10, 15, 20, or even 30 years.
Even if the policyholder passes away before the term ends, the annuity payments continue to the nominee for the entire chosen period.
It’s a thoughtful choice for those who want certainty and consistent financial support for their family.

💬 Ideal For: Individuals who want to leave behind a steady income stream for their dependents.

5️⃣ Annuity with Return of Purchase Price

This plan gives you lifetime income — and after your passing, your nominee receives the original investment (purchase price) back.
It ensures that your money continues to benefit your family even after you.
With guaranteed payouts and capital protection, this plan offers both peace of mind and legacy value.

💬 Ideal For: People who want lifelong income for themselves and wealth transfer benefits for their family.