What is it?
Annuity products are those that one knows as pension plans with two variants in the market: annuity plans available with the insurers and National Pension Scheme (NPS), said Suresh Sadagopan, founder of Navi Mumbai-based Ladder7 Financial Advisories.
“Annuity products are divided in two stages: accumulation stage where you builds a corpus and after maturity you will receive an annuity in a particular regularity: monthly, yearly and likewise,” said Kapil Mehta, founder of Kapil Mehta, founder of Securenow.in, an online insurance marketplace.
