What Is a Life Pension Plan?
A life pension (annuity) plan converts a lump sum or regular premiums into a guaranteed income for life. It is designed to ensure that you never outlive your savings.
Immediate annuities start paying soon after you invest a lump sum, making them suitable at retirement. Deferred annuities build a corpus over time and begin payouts at a chosen future date.
Annuity options include life annuity, joint-life annuity that continues for your spouse, and annuity with return of purchase price to your nominees. The annuity rate is locked at the time of purchase.
Why Do You Need a Pension Plan?
Income for Life
Removes the risk of outliving your savings.
Guaranteed Payouts
Annuity rates are locked at purchase, providing certainty regardless of market movements.
Spouse Protection
Joint-life options continue the income for your spouse.
Simplicity
A predictable monthly income without the need for active market monitoring.
Why Choose Our Pension Plan Services?
We help you combine guaranteed pension income with other retirement income sources efficiently.
Income Requirement Analysis
We estimate the monthly income you will need in retirement.
Annuity Option Comparison
Life, joint-life and return-of-purchase-price options compared across insurers.
Integrated Retirement Income
Annuities combined with SWPs, bonds and NPS for a balanced income plan.
Ongoing Service
Support with payouts, life certificates and nominations.
Our Process
- Assess Your Needs Family, income, liabilities, health and existing cover.
- Compare the Market Plans from leading insurers compared on cover, exclusions and claim experience.
- Recommend the Right Cover Adequate sum insured with only the add-ons that add value.
- Smooth Issuance Help with proposals, disclosures and medical formalities.
- Renewals & Claims Support Timely renewals and full support during claims.
Start Your Journey Today
Speak with our team for a personalised, no-obligation discussion.
Frequently Asked Questions
Is pension income taxable?
Yes. Annuity income is taxable at your applicable slab rate.
Can I surrender an annuity?
Most immediate annuities cannot be surrendered; some offer limited liquidity on specific events.
What is a joint-life annuity?
An annuity that continues to pay your spouse after your death, providing lifelong income for both.
How are annuity rates decided?
Rates depend on your age, the annuity option chosen and prevailing interest rates at the time of purchase.
Should my entire corpus go into annuities?
Usually not. A mix of annuities and market-linked income options often provides a better balance of certainty and inflation protection.