News From Press Tax-free bonds better, stay away from annuities, say experts

Tax-free bonds better, stay away from annuities, say experts

Source: Business Standard Mar 14, 2016

Low annuity rates offered by insurance companies are torpedoing Arun Jaitley's 'pensioned society vision'. And due to these low rates, most experts are asking investors to stay away from annuities now.

"Annuity is not the best option available now, because annuity is taxable and rates offered are very low. Things may improve in future if insurance companies increase annuity rates", says Santhosh Agarwal AVP, Policybazaar,com.

As visible from the LIC annuity table, 60-year ol ..

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