Skip to main content
Insurance

Life Annuity

An annuity is a financial product that provides a steady stream of income to an individual for the duration of their life. This can include monthly, quarterly, or other regular payments. It is designed to ensure that the annuitant will never outlive their income. However, in the event of the annuitant's death, the payments will stop and there is no additional benefit for beneficiaries.

Related terms

Replacement

Understand the meaning and definition of Replacement in the context of stock market, trading, and investments.

MORE
Surety

Understand the meaning and definition of Surety in the context of stock market, trading, and investments.

MORE
Cash value

Understand the meaning and definition of Cash value in the context of stock market, trading, and investments.

MORE
Catastrophe deductible

Understand the meaning and definition of Catastrophe deductible in the context of stock market, trading, and investments.

MORE
Direct loss

Understand the meaning and definition of Direct loss in the context of stock market, trading, and investments.

MORE
Disability income insurance

Understand the meaning and definition of Disability income insurance in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store

Open Free Demat Account!

Join our 3.8 Cr+ happy customers
+91