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How Do Different Types Of Annuities Work?
Life Annuity with Return of Purchase Price: You will get annuity payouts in the opted frequency (monthly/quarterly/yearly) until your demise. After your demise, the corpus used to purchase the annuity is paid to your nominee.
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Seven Types of Annuity Plans
Life annuity with return of purchase price: You will get annuity pay-outs in the opted frequency (monthly/quarterly/yearly) until your demise. After your demise, the corpus used to purchase the annuity is paid to your nominee.