1. A smarter way of planning a "pension" for your retirement years is to invest in long-term mutual funds to generate sufficient retirement corpus, and then utilize SWPs to receive your monthly "pension" for life.
2. Of course, an annuity plan may still be suitable if you do not have sufficient time left to build your retirement corpus, through a healthy mutual fund portfolio, for meeting your monthly expenses.
3. However, its fixed income annuity is not inflation-linked, and the measly returns of 6-7% pa are even lower than SCSS or POMIS.
2. Of course, an annuity plan may still be suitable if you do not have sufficient time left to build your retirement corpus, through a healthy mutual fund portfolio, for meeting your monthly expenses.
3. However, its fixed income annuity is not inflation-linked, and the measly returns of 6-7% pa are even lower than SCSS or POMIS.