Insurance categories · Life Insurance
Annuity Plans
Receive guaranteed regular income for life with an annuity plan.
Policy Adda facilitates insurance products from authorised insurers. Coverage, benefits, exclusions, terms, conditions and premiums vary by insurer and plan. Please read the policy wording carefully before purchasing.
Provider lines shown above are informational. No official partnership with these insurers is claimed unless separately confirmed.
About this policy concept
Annuity plans provide a guaranteed stream of income for life. You pay a lump sum and receive regular payouts, ideal for retirees wanting steady income.
Key benefits
- Guaranteed income for life
- Flexible payout frequency
- Multiple annuity options
- Joint life annuity available
Eligibility
- Individuals aged 18 to 80 years
Coverage
- Guaranteed annuity income
- Return of purchase price (select plans)
- Death benefit (select plans)
Important exclusions
- No surrender value in some plans
- Lock-in period restrictions
Required documents
- Identity proof (Aadhaar/PAN)
- Previous policy copy
Disclaimer: Final policy benefits, premiums, coverage, eligibility, and exclusions depend on the applicable insurer and policy documentation. This is an informational summary - not a policy document. Please contact Policy Adda for assistance before purchasing.