Deferred Annuity
Invest Now • Receive Pension Later
Hindi: Deferred Annuity एक ऐसा retirement product है जिसमें आप अभी invest करते हैं और pension का भुगतान बाद में शुरू होता है। यह retirement planning के लिए perfect है।
📌 What is Deferred Annuity?
✔ You pay a lump sum or regular premiums to an insurance company now
✔ Pension payments start at a future date, typically at retirement age
✔ Helps to accumulate corpus before starting regular pension
💰 Types of Deferred Annuities
1️⃣ Fixed Deferred Annuity: Pension fixed in advance
2️⃣ Variable Deferred Annuity: Pension depends on market-linked investment returns
3️⃣ Life Deferred Annuity: Pension continues for lifetime of retiree
4️⃣ Joint Life Deferred Annuity: Pension continues for retiree and spouse until both alive
🎯 Benefits of Deferred Annuity
✔ Accumulates corpus before retirement
✔ Provides guaranteed or market-linked income post-retirement
✔ Tax benefits under applicable sections during accumulation phase
✔ Flexible premium payment options (single or regular)
✔ Suitable for long-term retirement planning
⚠️ Considerations / Risks
❌ Pension starts only after deferred period – limited liquidity before retirement
❌ Returns may be lower than direct market investment (for fixed annuity)
❌ Inflation risk may reduce purchasing power of fixed pension
❌ Taxable as per Income Tax slab at payout stage
📈 Example
Mr. Verma invests ₹10,00,000 in Deferred Annuity at age 35:
- Pension start at age 60 (25 years deferment)
- Fixed monthly pension: ₹30,000/month for life
- Corpus growth during accumulation phase is tax-deferred