Warning⚠️

Choosing the wrong annuity plan could cost you?

Here's what you should know:

1️⃣ What is an Annuity? After retirement, 40% of your NPS savings must go into an annuity plan, which gives you regular income, like a salary.

2️⃣ Compare Options: Different companies offer different annuity plans. It’s important to compare and pick the one that gives the best returns.

3️⃣ Types of Plans: Some plans give you money for life, some include your spouse, and some give your money back when you pass away. Pick what works best for your family.

4️⃣ Inflation Protection: Some plans adjust the payout to keep up with rising costs, while others don’t. Choose one that fits your future needs.

5️⃣ Payment Frequency: Decide if you want your payments monthly, quarterly, or yearly. Choose what suits your lifestyle.

6️⃣ Taxes: Remember, annuity income is taxable, so plan accordingly.

What’s your biggest concern when choosing an annuity plan?

🥲Losing money

🙏Complex terms and conditions

👍Finding the right plan