Decoding Annuity Plans
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Table of Contents
What is an annuity plan?
Why should you invest in an annuity plan?
Types of annuity plans
How does an annuity plan work?
Benefits of annuity plan
Conclusion
About Author
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Disclaimer
1 Male age 60 years, Annuity Option -Life Annuity, Annuity Payout Frequency-Annual, Option chosen of Premium, Purchase Price Rs.10,00,000, Level Annuity, PPT: Single Pay, Single Life. Receive Annuity Rs.87,314 per annum
ABSLI Guaranteed Annuity Plus is a Non-Linked, Non-Participating, General Annuity Plan (UIN: 109N132V07)
2Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
3 https://incometaxindia.gov.in/Booklets%20%20Pamphlets/e-PDF__Benefits-for-Retire-Employees.pdf
ABSLI Assured Income Plus (UIN: 109N127V05) is a non-linked non-participating individual life insurance savings plan.
ABSLI Guaranteed Annuity Plus (UIN: 109N132V01)
This is a Non-Linked, Non-Participating, Single Premium General Annuity Plan
Provided all due premiums are paid.
ADV/3/21-22/2440
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