Looking for a way to convert your savings into a steady post-retirement income? An immediate annuity could be your ideal solution. It begins paying you almost instantly after a one-time premium payment. Whether you are approaching retirement or already retired, this product helps you turn your lump sum into lifelong income—without market uncertainties.
Want income that lasts as long as you do? Explore annuity-backed life insurance plans tailored to your retirement goals.
What is an immediate annuity?
An immediate annuity is a life insurance product designed to offer a guaranteed income stream starting almost immediately after you invest a lump sum. You pay a one-time premium and start receiving payouts—monthly, quarterly, or annually—within one year of purchase.
This plan is especially suitable for those nearing or in retirement who wish to avoid outliving their savings. Unlike other investments, immediate annuities shift your focus from asset accumulation to stable cash flow for life.
You can also explore life insurance plans that come with returns options like ULIPs, endowment plans and more, enabling you to grow your wealth and get a life cover, all under on umbrella. Compare premiums and get quote to grow your savings today!
Who should buy immediate annuities?
If you're a retiree looking to turn your savings into a dependable income, an immediate annuity can be a wise choice. This plan is all about peace of mind—helping you enjoy your golden years without worrying about cash flow.
Ideal for:
Retirees with a corpus:
If you've recently retired with a lump sum (from EPF, gratuity, or other savings), immediate annuities help convert it into guaranteed monthly income.
Risk-averse individuals:
Prefer safety over market-linked growth? Annuities are low-risk options offering predictable returns.
Pension gap fillers:
For those without formal pensions, these plans can act as self-created pension tools.
Family caretakers:
Joint annuity options can ensure income continuity for your spouse or dependent.
Early retirees:
If you’ve opted for early retirement, this solution helps you maintain a steady income without dipping into other savings.
Ready to match your retirement lifestyle to guaranteed income? Get a plan recommendation based on your income and goals. Compare plans and Get Quote!