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

Single-premium annuity

Understand the meaning and definition of Single-premium annuity in the context of stock market, trading, and investments.

MORE
Re-entry Option

Understand the meaning and definition of Re-entry Option in the context of stock market, trading, and investments.

MORE
Insured pension plans

Understand the meaning and definition of Insured pension plans in the context of stock market, trading, and investments.

MORE
Loss adjustment expenses

Understand the meaning and definition of Loss adjustment expenses in the context of stock market, trading, and investments.

MORE
Legal injury

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

MORE
Fidelity bond

Understand the meaning and definition of Fidelity bond 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