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3.9%First documentTypes of Pension Plans for Retirement in India in 2026Open original ↗
Second documentDeferred Pension & Annuity: Meaning, Types & How It WorksOpen original ↗
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Types of Pension Plans in India
Immediate Annuity - Under this plan, you start receiving a pension immediately. You pay a lump-sum amount, and you start getting the annuity based on the amount you have invested. You can choose from the range of annuity options under this plan.
Types of Annuity Plans
Immediate Annuity Pension: An immediate annuity plan offers pension payments right after you invest a lump sum. It works well for individuals who are retiring soon and need instant income support. The payouts begin without delay, ensuring steady cash flow from day one.