section80 c
vivek
(Querist) 23 May 2010
This query is : Resolved
what is the meaning of deffered anuity plan
mahendrakumar
(Expert) 23 May 2010
it means annuity is payable on deferred(later) date as per your choice at the time of taking the plan/policy
vivek
(Querist) 23 May 2010
thank you sir, will u please give me complete picture about it.
Vineet
(Expert) 23 May 2010
In a deferred annuity plan, you invest today as lump sum or by a series of investments over a period of time. The corpus is built with this investment and interest/ incomes accrued thereto which is utilised to pay you a guaranteed annual payment (called annuity) from a predetermined later date say on upon achieving a certain age and for a fixed period or till death of the annuitant. You can consider it as a sort of pension purchased by your own funds. The Insurance companies offer certain add-ons to the plain vanilla deferred annuity plans also.
vivek
(Querist) 23 May 2010
THANK YOU VERY MUCH VINEET SIR. I GOT THE POINT
