{"id":12424,"date":"2023-04-17T17:37:24","date_gmt":"2023-04-17T12:07:24","guid":{"rendered":"https:\/\/www.tickertape.in\/blog\/?p=12424"},"modified":"2023-04-17T17:37:26","modified_gmt":"2023-04-17T12:07:26","slug":"annuity-plans","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/annuity-plans\/","title":{"rendered":"Best Annuity Plans in India (2023)"},"content":{"rendered":"\n<p>Are you looking for a reliable source of income after retirement? Annuity plans might be the answer to your concerns. An annuity is a contract between an individual and an insurance company, where the insurer promises to pay a fixed amount of income to the policyholder for a specific period. In this article, let\u2019s look at the best annuity plans in India, the features of annuity plans, their types, eligibility criteria, factors to consider before investing in annuity plans, and more.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/annuity-plans\/#What-are-annuity-plans\" title=\"What are annuity plans?\">What are annuity plans?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/annuity-plans\/#Best-annuity-plans-in-India\" title=\"Best annuity plans in India\">Best annuity plans in India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/annuity-plans\/#Features\" title=\"Features\">Features<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/blog\/annuity-plans\/#Types-of-annuity-plans\" title=\"Types of annuity plans\">Types of annuity plans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/blog\/annuity-plans\/#Advantages-of-annuity-plans\" title=\"Advantages of annuity plans\">Advantages of annuity plans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/blog\/annuity-plans\/#Disadvantages-of-annuity-plans\" title=\"Disadvantages of annuity plans\">Disadvantages of annuity plans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/blog\/annuity-plans\/#Eligibility-criteria\" title=\"Eligibility criteria&nbsp;\">Eligibility criteria&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/blog\/annuity-plans\/#Factors-to-consider-before-investing-in-annuity-plans\" title=\"Factors to consider before investing in annuity plans\">Factors to consider before investing in annuity plans<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tickertape.in\/blog\/annuity-plans\/#Annuity-options-under-NPS\" title=\"Annuity options under NPS\">Annuity options under NPS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.tickertape.in\/blog\/annuity-plans\/#In-a-nutshell\" title=\"In a nutshell\">In a nutshell<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.tickertape.in\/blog\/annuity-plans\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.tickertape.in\/blog\/annuity-plans\/#What-is-an-annuity-pension-plan\" title=\"What is an annuity pension plan?\">What is an annuity pension plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.tickertape.in\/blog\/annuity-plans\/#Can-you-take-annuity-plans-without-NPS-National-Pension-Scheme\" title=\"Can you take annuity plans without NPS (National Pension Scheme)?\">Can you take annuity plans without NPS (National Pension Scheme)?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What-are-annuity-plans\"><\/span>What are annuity plans?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>An annuity pension plan is a financial product that allows you to <a href=\"https:\/\/www.tickertape.in\/blog\/why-should-you-prioritise-investing\/\">invest<\/a> a lump sum of money. In return, you receive payments regularly for a specified period or for a lifetime. The income can be received monthly, quarterly, half-yearly, or yearly, depending on the plan you have chosen.<\/p>\n\n\n\n<p>The investment you made is managed by the annuity provider, who invests the funds and pays you back with the returns generated from the investment in the form of regular income. Annuity plans help in covering your expenses in the sunset years of your life. Hence, consider investing in the best annuity plan that suits your needs.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Best-annuity-plans-in-India\"><\/span>Best annuity plans in India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Plans<\/strong><\/td><td><strong>Entry Age<\/strong><\/td><td><strong>Frequency of Income<\/strong><\/td><td><strong>Purchase Price<\/strong><\/td><\/tr><tr><td><strong>Canara HSBC Pension 4Life Plan<\/strong><\/td><td>Min &#8211; 30 yrs <br>Max &#8211; 80 yrs<\/td><td>Yearly, half-yearly, quarterly and monthly<\/td><td>Min &#8211; Rs. 2,00,000<br>Max &#8211; No limit<\/td><\/tr><tr><td><strong>Future Generali Immediate Annuity Plan<\/strong><\/td><td>Min &#8211; 40 yrs <br>Max &#8211; 80 yrs<\/td><td>Yearly, monthly<\/td><td>Min &#8211; Rs. 30,000\u00a0<br>Max &#8211; no limit<\/td><\/tr><tr><td><strong>Aditya Birla Sunlife Immediate Annuity Plan<\/strong><\/td><td>Min &#8211; 30 yrs <br>Max &#8211; 90 yrs<\/td><td>Yearly, half-yearly, quarterly and monthly<\/td><td>Min. regular income of Rs. 1,000, Rs. 3,000, Rs. 6,000, or Rs. 12,000 for annual, half-yearly, quarterly, and monthly. Yearly mode of the annuity payment.<\/td><\/tr><tr><td><strong>Aviva Annuity Plus<\/strong><\/td><td>For Aviva pension Policyholders, Min &#8211; 18 yrs Max &#8211; 80 yrs<br>Others &#8211; Min &#8211; 50 yrs, Max &#8211; 80 yrs<\/td><td>Yearly, half-yearly, quarterly and monthly<\/td><td>Min &#8211; Rs. 25,000<br>Max &#8211; No limit<\/td><\/tr><tr><td><strong>Exide Life New Immediate Annuity Plan<\/strong><\/td><td>Min &#8211; 0 yrs age last birthday (for existing Exide Life deferred pension customers)45 yrs age last birthday (for new customers)75 yrs age last birthday (for existing Exide Life deferred pension customers)70 yrs (for new customers)<\/td><td>Yearly, half-yearly, quarterly and monthly<\/td><td>Min &#8211; Rs. 50,000\u00a0<br>Max &#8211; No limit<\/td><\/tr><tr><td><strong>ICICI Prudential Immediate Annuity Plan<\/strong><\/td><td>Min &#8211; 30 yrs <br>Max &#8211; 65, 70, 100 yrs<\/td><td>Yearly, half-yearly, quarterly and monthly<\/td><td>Min &#8211; Rs. 12,000\u00a0<br>Max &#8211; No limit<\/td><\/tr><tr><td><strong>HDFC Life Pension Guaranteed Plan<\/strong><\/td><td>Immediate Life Annuity &#8211; Min &#8211; 30 yrs&nbsp;Max &#8211; 85 yrs<br>Immediate Life Annuity with Return of Purchase Price &#8211; Min- POSP Channel&nbsp;40 yrsOther Channels:30 yrsMax &#8211; POSP Channel:70 yrs&nbsp;Other Channels:85 yrs<br>Deferred Life Annuity with Return of Purchase Price &#8211; Min &#8211; 45 yrs Max &#8211; 85 yrs<\/td><td>Yearly, half-yearly, quarterly and monthly<\/td><td>Immediate Life Annuity- Rs. 42,076<br>Immediate Life Annuity with Return of Purchase Price- Rs. 1,60,261<br>Deferred Life Annuity with Return of Purchase Price- Rs. 76,046<\/td><\/tr><tr><td><strong>India First Immediate Annuity Plan<\/strong><\/td><td>Min &#8211; 40 yrs <br>Max &#8211; 80 yrs<\/td><td>Yearly, half-yearly, quarterly, and monthly<\/td><td>Min &#8211; Rs. 3,00,000\u00a0<br>Max &#8211; No limit<\/td><\/tr><tr><td><strong>IDBI Federal Guaranteed Lifetime Income Plan<\/strong><\/td><td>Min- 45\/ 50 yrs <br>Max- 85 yrs<\/td><td>Yearly, half-yearly, quarterly, and monthly&nbsp;<\/td><td>Min &#8211; Rs. 1,50,000\u00a0<br>Max &#8211; No limit<\/td><\/tr><tr><td><strong>Kotak Lifetime Income Plan<\/strong><\/td><td>Min- 18\/35\/45\/ 55 yrs<br>Max-99 yrs<\/td><td>Yearly, half-yearly, quarterly, and monthly<\/td><td>Min &#8211; Rs. 1,000\u00a0<br>Max &#8211; No limit<\/td><\/tr><tr><td><strong>Max Life Guaranteed Lifetime Income Plan<\/strong><\/td><td>Min &#8211; For immediate annuity &#8211; 0 yrs. For deferred annuity &#8211; 30 yrs<br><br>Max &#8211; 80 yrs<\/td><td>Half-yearly, quarterly, and monthly<\/td><td>Min &#8211; Rs. 1,000 per month\u00a0<br>Max &#8211; No limit<\/td><\/tr><tr><td><strong>TATA AIA Life Insurance Smart Annuity Plan<\/strong><\/td><td>Min &#8211; 45 yrs <br>Max &#8211; 85 yrs<\/td><td>Yearly, half-yearly, quarterly, and monthly<\/td><td>Immediate annuity plan for Life Annuity- Rs. 87,527<br>Immediate life annuity with return of purchase price- Rs. 2,06,155<br>Deferred life annuity with return of purchase price-Rs. 1,08,303<br>Max-no limit<\/td><\/tr><tr><td><strong>Reliance Nippon Life Immediate Annuity Plan<\/strong><\/td><td>Min &#8211; 20 yrs <br>Max &#8211; 80 yrs<\/td><td>Yearly, half-yearly, quarterly, and monthly<\/td><td>Min &#8211; Rs. 1,00,000\u00a0<br>Max &#8211; No limit<\/td><\/tr><tr><td><strong>SBI Life Annuity Plus<\/strong><\/td><td>Min &#8211; 40 yrs <br>Max &#8211; 80 yrs<\/td><td>Yearly, half-yearly, quarterly, and monthly<\/td><td>Min &#8211; The minimum annuity<br>Instalments can be paid as per annuity payout mode. <br>Max &#8211; No limit<\/td><\/tr><tr><td><strong>Star Union Dai-Ichi Life Immediate Annuity Plan<\/strong><\/td><td>Min &#8211; 50\u00a0 yrs <br>Max &#8211; 80 yrs<\/td><td>Yearly, half-yearly, quarterly, and monthly<\/td><td>Min &#8211; Rs. 5,00,000\u00a0<br>Max &#8211; No limit<\/td><\/tr><tr><td><strong>Shriram Life Immediate Annuity Plus<\/strong><\/td><td>Min-0 yrs, 18 yrs (age last birthday)<br>For joint life options <br>Max- 85 yrs<\/td><td>Yearly, half-yearly, quarterly, and monthly<\/td><td>Min &#8211; Rs. 2,00,000\u00a0<br>Max &#8211; No limit<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong><em>Please note that the plans are mentioned in no order of preference.<\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Features\"><\/span>Features<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Here are some key features offered by the best annuity plans in India in 2023 that you should consider before investing:<\/p>\n\n\n\n<ol><li><strong>Safe: <\/strong>Annuity plans are considered to be one of the safest investment tools as they help you save for the future.&nbsp;<\/li><li><strong>Flexible:<\/strong> There are a variety of plans available in the market. You can choose any plan based on your needs and requirements.<\/li><li><strong>Secure<\/strong>: Annuity plans help you secure your future needs. It also helps to save for emergency situations.<\/li><\/ol>\n\n\n\n<p>Analyse the fund you are interested in based on the above-mentioned factors. It is always worthwhile to consider a financial advisor before investing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Types-of-annuity-plans\"><\/span>Types of annuity plans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are various types of annuities available based on the features. For example, some annuitants (people who opted for an annuity plan) may prefer receiving annuity payments for their entire life, while others may opt for fixed payments for a limited period of time. Here\u2019s a brief of different types of annuity plans:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Annuity plan types<\/strong><\/td><td><strong>Variants<\/strong><\/td><\/tr><tr><td><strong>Premium frequency<\/strong><\/td><td>Single<br>Regular<\/td><\/tr><tr><td><strong>Payout type<\/strong><\/td><td>Fixed<br>Variable<\/td><\/tr><tr><td><strong>Time payouts start<\/strong><\/td><td>Immediate<br>Deferred<\/td><\/tr><tr><td><strong>Payout Duration<\/strong><\/td><td>Life Annuity<br>Term Certain<\/td><\/tr><tr><td><strong>No. of people benefitting<\/strong><\/td><td>Single Life<br>Joint\/Survivor<\/td><\/tr><tr><td><strong>Nature of purchaser<\/strong><\/td><td>Individual<br>Group<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Annuitants can further customise their annuity plan by choosing from different payout options based on various factors, such as their retirement income goals. For instance, an inflation-linked annuity can provide protection against rising costs. In contrast, a life and survivor annuity can ensure a continuous income stream for a spouse after the annuitant&#8217;s demise. Listed below are some common annuity options:<\/p>\n\n\n\n<ol><li><strong>Life Annuity:<\/strong> Pays a uniform rate of pension as long as the annuitant survives.<\/li><li><strong>Life and Certain:<\/strong> Pays pension for a certain number of years (5, 10, 15, or 20) and then continues until the subscriber&#8217;s survival.<\/li><li><strong>Life and Repurchase:<\/strong> Pays for life and returns the purchase price to the nominee after the annuitant&#8217;s demise.<\/li><li><strong>Inflation-Linked:<\/strong> Pays for life with an increase in pension amount at a fixed rate (e.g., 3% per annum) to counter inflation.<\/li><li><strong>Life and Survivor: <\/strong>Covers the spouse as well, with a pension paid until the subscriber&#8217;s lifetime and continuing to the spouse after the annuitant&#8217;s death.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Advantages-of-annuity-plans\"><\/span>Advantages of annuity plans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li>There are no investment caps in the annuity plans like in other schemes. For instance, the Senior Citizens Savings Scheme, a scheme for senior citizens of India,&nbsp; has a maximum investment limit of Rs. 30 lakh. There is no such cap available for annuity plans.<\/li><li>One of the key advantages of the best annuity plans is that they eliminate the risk of reinvestment. In India, where interest rates tend to be lower, there is a concern that when one needs to reinvest their principal, they may receive lower interest rates. However, with an annuity plan, you are guaranteed to receive payouts for your entire life without having to worry about reinvestment risks.<\/li><li>An annuity plan gives you financial security as you receive payments every month.&nbsp;<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Disadvantages-of-annuity-plans\"><\/span>Disadvantages of annuity plans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li>In annuity plans, simple interest is used, whereas in instruments like <a href=\"https:\/\/www.tickertape.in\/blog\/senior-citizens-savings-scheme-scss-benefits-eligibility-account-opening-interest-rate\/\">Senior Citizen Savings Scheme<\/a>, compound interest is used every quarter.<\/li><li>The returns of annuity plans are not as attractive as compared to other various schemes which offer similar low returns.<\/li><li>When it comes to capital, annuity plans are not commonly seen as a lucrative investment option. Most citizens prefer an option that allows them to access their capital which is not possible with annuity plans.&nbsp;<\/li><li>Annuity plans do not offer premature withdrawals.&nbsp;<\/li><li>Most annuity plans do not combat inflation. Considering inflation&#8217;s impact on retirement, it&#8217;s prudent to plan accordingly, as most investment plans do not combat inflation.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Eligibility-criteria\"><\/span>Eligibility criteria&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To be eligible for an annuity plan, individuals must be under the age group of 35-75 yrs. The age bracket may differ with different insurance providers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Factors-to-consider-before-investing-in-annuity-plans\"><\/span>Factors to consider before investing in annuity plans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Listed below are the factors that one needs to consider before making a decision about investing in annuity plans.<\/p>\n\n\n\n<ol><li><strong>Category of the annuity plan:<\/strong> There are various categories of annuity plans available. Choosing the one that aligns with your financial objectives is a crucial factor to consider before investing.<\/li><li><strong>Financial commitment:<\/strong> Take into consideration the annuity plan\u2019s fees and your ability to commit financially before investing. Evaluating your financial commitment is crucial because annuity plans may often require a sizable commitment.<\/li><li><strong>Fitness evaluation:<\/strong> Take into account your age and health requirements, as the annuity plans are intended to offer a consistent income after retirement.\u00a0<\/li><li><strong>Tax impact: <\/strong>Annuity plans have varying tax effects depending on their type and payment choice. Understand the tax impacts of the annuity plan and seek advice from financial professionals or tax experts.<\/li><li><strong>Payout option: <\/strong>There are several payout options available, such as fixed, variable, or inflation-adjusted. Check out various payout possibilities and select the one that best meets your demands and financial goals.<\/li><li><strong>Insurer: <\/strong>Consider the trustworthiness of the insurance provider offering the annuity plan, and check their ratings and reviews to ensure their authenticity.<\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Annuity-options-under-NPS\"><\/span>Annuity options under NPS<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The National Pension System (<a href=\"https:\/\/www.tickertape.in\/blog\/is-nps-good\/\">NPS<\/a>) is a <a href=\"https:\/\/www.tickertape.in\/blog\/voluntary-retirement-scheme-vrs\/\">voluntary retirement scheme<\/a> that allows you to create a retirement corpus or receive an old-age pension. Managed by PFRDA (Pension Fund Regulatory and Development Authority), it is available to all Indian citizens, whether resident or non-resident, aged between 18 and 65 yrs.<\/p>\n\n\n\n<p>An annuity in the NPS allows you to receive continuous income in your golden years after retirement. With its regular income, it provides you with the peace of no survival troubles and helps you maintain a standard of living. There are two features of annuity under NPS that you must know:<\/p>\n\n\n\n<ul><li>40% of the total NPS corpus remains invested in annuity.<\/li><li>In case of premature withdrawal, you have to invest 80% of the total corpus in the annuity.<\/li><\/ul>\n\n\n\n<p>Below-mentioned are the PFRDA-approved annuity service providers for NPS:<\/p>\n\n\n\n<ol><li>Life Insurance Corporation of India (<a href=\"https:\/\/www.tickertape.in\/blog\/lic-ipo-date-price-review-news-application-and-details\/\">LIC<\/a>)<\/li><li>SBI Life Insurance<\/li><li>ICICI Prudential Life Insurance<\/li><li>HDFC Life Insurance&nbsp;<\/li><li>Kotak Mahindra Life Insurance<\/li><li>Star Union Dai-ichi Life Insurance<\/li><li>IndiaFirst Life Insurance<\/li><\/ol>\n\n\n\n<p><em>Please note that the list is not based on any preference.&nbsp;<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"In-a-nutshell\"><\/span>In a nutshell<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In conclusion, annuity plans offer a guaranteed source of income during the retirement phase. However, it is crucial to choose the right annuity plan that suits your retirement needs. Understanding the features, types, advantages, disadvantages, eligibility criteria, and other factors associated with annuity plans can help you make sound financial decisions that align with your long-term financial goals.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1681733047217\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What-is-an-annuity-pension-plan\"><\/span><strong>What is an annuity pension plan?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Annuity plans provide a way to receive regular payments for a lifetime after making a lump sum investment. These plans may have different options, such as providing payments to a spouse or nominee after the investor&#8217;s demise. It&#8217;s important to carefully review the terms and conditions, understand the options and rates, and seek advice from a financial advisor before investing in an annuity plan.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1681733053412\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Can-you-take-annuity-plans-without-NPS-National-Pension-Scheme\"><\/span><strong>Can you take annuity plans without NPS (National Pension Scheme)?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, you can get an annuity plan without NPS. There are various annuity plans available for you to choose from. It is always worthwhile to take the help of a financial advisor before investing.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Annuity plans act as a reliable source of income after your retirement. Here are some of the best annuity plans in India, factors to consider before investing, and more.<\/p>\n","protected":false},"author":90,"featured_media":12425,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[1733,1721],"tags":[],"acf":[],"modified_by":"Anjali Chourasiya","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2023\/04\/16-Apr-2023-Best-Annuity-Plans-in-India-2023.png?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/12424"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/90"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=12424"}],"version-history":[{"count":1,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/12424\/revisions"}],"predecessor-version":[{"id":12427,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/12424\/revisions\/12427"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/12425"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=12424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=12424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=12424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}