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Second documentWhat Happens to an Annuity After Death?Open original ↗
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UIN: 136N071V11
A smart way to ensure a regular guaranteed income stream as per your needs post retirement, is to buy Canara HSBC Life Insurance Pension4life Plan, that is an annuity product where you will receive defined level of annuity instalments in exchange of a Purchase Price.
Conclusion
Annuity plans help you enjoy a worry-free life after retirement by giving you regular income. They protect you from outliving your savings and support your partner, too. Plans like Pension4Life by Canara HSBC Life Insurance give you lifetime income and financial security for your family. Choose an annuity plan while planning your retirement to stay stress-free and independent.
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On the Annuitant being diagnosed with any of the 7 covered Critical Illnesses or Accidental Total & Permanent Disability before age 85 or on death of the Annuitant, whichever occurs earlier, the annuity payments will cease and Purchase Price shall be payable.
Immediate Life Annuity with ROP Price on Critical Illness or Accidental Total & Permanent Disability (ATPD) or Death
Upon your death or if any critical Illnesses are discovered or Accidental Total & Permanent Disability (ATPD) happens, the annuity payment will stop, and the purchase price will be paid to your nominee.