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Final Thoughts
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Secure Your Retirement with Guaranteed Income Plans
Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.
Retire Grand with Flexi Benefits
Guaranteed Lifelong Income Limited premium payment term Multiple annuity options Option to defer the annuity payments
Retire Grand with Flexi Benefits
Guaranteed Lifelong Income Limited premium payment term Multiple annuity options Option to defer the annuity payments
Save, Dream, Plan. Live Peacefully
Option to choose premium payment term Get Tax benefits
Save, Dream, Plan. Live Peacefully
Option to choose premium payment term Get Tax benefits
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Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Retirement - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Retirement - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Features of a Retirement Annuity
Choice of Annuity Type: You can opt for immediate or deferred annuity options based on your needs. An immediate annuity starts payouts shortly after you invest, while a deferred annuity begins payouts after a chosen period, helping your savings grow further.
5 Reasons you should Buy an Annuity Plan
Lifelong Income: As mentioned above, life expectancy will increase with time, and you need to invest in products that give life-long income to you. In an annuity plan, you invest a lump sum amount and start receiving annuity post-retirement. If you buy an immediate annuity , the payment starts immediately, while in the deferred option, you get to decide when you want to start receiving payments. In both the options, you continue to receive lifelong income. Meaning, the annuitant (the person on whose name the policy is) will continue to receive annuity until death.
Types of Annuities in India
Immediate Annuity: In this type of annuity plan, the pension becomes payable immediately after your investment. The premium is paid in a lump sum at the start of the annuity plan.
What are Annuity Plans?
Immediate Annuity Plans: These plans will start giving income immediately. If you have a lump sum pay out from a long term investment, you can convert it to regular income immediately with this option
Types of Annuities in India
Without a Cover Pension: In this annuity plan, there is no life cover. The plan pays out the remaining corpus in case of your demise. You can invest in this annuity plan jointly with your spouse. This will allow your spouse to receive a pension after you without the hassles of reinvesting the money.
5 Reasons you should Buy an Annuity Plan
Joint Holding with Spouse: You can also get an annuity plan as a joint account with your spouse. When you plan your retirement, it is not just about you. Your spouse will depend on you, even if they are independent and working now. You need to plan your retirement such that even after your death, your partner continues to receive the annuity. The Pension4Life does exactly this for you. In this plan, one continues to receive payments till the death of the last survivor.