Regular payments from an insurer, usually for life, in return for a lump sum.
Where you will meet this term
Pension PlanA Comfortable & Independent Tomorrow
Related terms
VestingNPS (National Pension System)CommutationJoint-life annuityCorpus
Regular payments from an insurer, usually for life, in return for a lump sum.
VestingNPS (National Pension System)CommutationJoint-life annuityCorpus