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Glossary
A deferred annuity accumulates over a chosen period before payouts begin at a future date, rather than starting immediately after purchase.
Pay in now, but the regular pension income only starts years later, as planned.
The deferral period allows the corpus to potentially grow before annuitisation, generally resulting in a higher eventual payout rate compared to an equivalent immediate annuity.
A 45-year-old buys a deferred annuity that starts paying a pension only from age 60.
Pay in now, but the regular pension income only starts years later, as planned.
Deferred Annuity helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.