Document Overlap
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First documentWhat Happens to an Annuity After Death?Open original ↗
A-688
Second documentLife Insurance vs Annuity: What is the Difference?Open original ↗
Medium overlap
Top paragraph overlap
100.0%Page comparison
Paragraph matches
Strongest non-zero match for each paragraph.
First paragraph96 words
Immediate Life Annuity with Return of Purchase Price
The annuity continues till your natural demise. After your death, the balance is paid to your nominee. The balance is calculated by subtracting the price of the plan and the total of annuity instalments paid till your death. For example, if you bought the annuity plan by making a lump sum payment of ₹10 lakh and received ten payments of ₹25,000 each before your death. The nominee will receive a balance of ₹7.5 lakh as the death benefit. If the balance of the purchase price is negative, the nominee does not get any amount.
8.5%
Second paragraph45 words
Legacy Planning: How Each Option Supports the Future?
When you invest in a lifetime annuity plan, you also invest in a legacy plan. Lifelong annuity, including the Pension4Life plan, guarantees annuity payments until your ultimate demise. After your demise, the remaining amount is made available as a lump sum payment to your nominees.