Retirement Plans
Reliance Immediate Annuity Plan
Synopsis:
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Worried about how to invest your hard earned money post retirement? Convert your lump sum/corpus into regular income for life. It’s like gifting yourself a regular income in the future.
Benefits:
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- One Time Payment - Pay premium only once
- Whole Life Guaranteed Income - Get guaranteed whole life income (Annuity)
- Flexibility:
- Choose your annuity from 3 different annuity payout options
- Life Annuity
- Life Annuity with Return of purchase price
- Life Annuity guaranteed for 5, 10 or 15 years and payable for life thereafter
- Select your annuity payout frequency - Monthly, Quarterly, Half yearly or Annually
- Ease of enrollment - No medical tests required Tax benefits - Enjoy tax benefits on the premiums paid and benefits received, as per applicable Income Tax laws
Highlights:
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- Convert your earnings into regular income
- Get regular income (Annuity) for your entire life
- Leave behind a legacy for your family
- Live life to the fullest, even after retirement
- Receive tax benefits