What is Annuity?
Annuity — A product that pays a regular income for life (or a period) in exchange for a lump sum — used to turn a corpus into a pension.
In simple terms
At 60, part of your NPS corpus buys an annuity for lifelong income.
Why Annuity matters when you invest
Understanding annuity helps you make better-informed decisions when you invest and trade on ROAR by DP TradeKING. Open a free account to put it into practice — ₹0 delivery brokerage and zero-commission direct mutual funds.
Annuity — frequently asked questions
What is Annuity?
A product that pays a regular income for life (or a period) in exchange for a lump sum — used to turn a corpus into a pension.
What does Annuity mean in the stock market?
A product that pays a regular income for life (or a period) in exchange for a lump sum — used to turn a corpus into a pension. At 60, part of your NPS corpus buys an annuity for lifelong income.
Can you give an example of Annuity?
At 60, part of your NPS corpus buys an annuity for lifelong income.
Related terms
Put it into practice — open a free account.
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