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Buying an annuity plan has become easier with time and technology. You can now choose the online option instead of offline, to purchase the annuity plan to enjoy many benefits. Firstly, you do not need to go to an agent to discuss plan details and features, instead, everything can be done online with just a few clicks. The online mode provides you with options to compare different plans on various important aspects like features, payout amount and variants. While buying online, the customer just needs to select the annuity plan and make the online payment.
Regular income
Under an annuity plan, after paying the lump sum amount, you can get a regular pension as per the terms and conditions of your policy. You can choose to receive the pension till you live or for a limited period of time. Annuity plans are mostly designed keeping in mind the long-term retirement needs of the subscribers along with adequate corpus investment. Under the annuity plan, you can lock the rate of interest not only for a tenure of 10/15/20/25 years but also for your entire life.
Why you should buy it?
– Ease: Buying an annuity plan online is quite easy as the entire buying process is done online.
– Comparison: Buying an annuity plan online gives you an additional payout on the amount invested as compared to plans purchased offline. When you opt for the online option, you get a chance to compare the different plans available, and you can easily read the terms and conditions along with various features and benefits.
– Fast and convenient: The online options are easy and immediate. It is also a safe option.
– Affordable: Buying an insurance policy online is more cost-effective as compared to offline shopping.
– No paperwork: If you opt for the online option, then you have to do minimum paperwork.
– Transparent: You will be able to check all the charges in front of you without any hidden cost, so the online options are transparent.
– If you buy ICICI Pru Guaranteed Pension Plan online then you are provided with a 1% additional annuity.
– If you buy an annuity plan online from Policybazzar, you get an additional Rs 1.4 lakh, but for this Rs 20 lakh investment is required.