Future Generali India Life Insurance Company Limited is now Generali Central Life Insurance Company Limited. Generali Central Life Insurance Company Limited – A joint venture between Generali – one of the world’s leading insurers and Central Bank of India, India’s finest nationalised bank.
Future Generali India Life Insurance Company Limited is now Generali Central Life Insurance Company Limited. Generali Central Life Insurance Company Limited – A joint venture between Generali – one of the world’s leading insurers and Central Bank of India, India’s finest nationalised bank.
What is an immediate annuity? Five things you need to know
4 mins
3.5KWhat is immediate annuity?
An immediate annuity is basically a risk-management tool designed to provide a steady income at regular intervals, most often to someone on the brink of retirement. An annuity plan works like an insurance product, where your insurance provider assures you a steady flow of monthly or annual income for the rest of your life against a lump-sum deposit of cash that you make to the insurance provider. While other kinds of annuities are funded over a period of time and only start providing monthly payments after months or years, an immediate annuity begins to pay out a pre-decided amount at regular intervals as soon as the annuity is purchased. Basically helps with retirement.
Five things to keep in mind about immediate annuities
While choosing the right annuity plan for you, do your research well, compare the various products on offer, and pick a plan that suits your needs, circumstances, and savings goals the best. Keep a lookout for additional features and benefits -- some providers, for instance, offer inflation protection -- but remember that they all come with extra costs attached. Do also make sure you weigh the pros and cons of investing in an immediate annuity vis-á-vis other investment options, to make an informed choice that’s best for you and your family!
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Have questions? Get help and reliable support from experts at Generali Central India Life Insurance.
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Got Questions? We’ve Got Answers!
Here are answers to some of the questions you might have.
Life insurance is a financial safety net that supports your loved ones in your absence. If something happens to you, it provides them with funds to help cover everyday expenses, repay debts, and achieve future goals. It gives you peace of mind, knowing your family’s financial future is secure— no matter what.
The right plan depends on your needs.
Start by assessing your life stage, financial goals, and the needs of your family. Consider factors like your income, outstanding loans, future expenses and goals (like children’s education, foreign travel, study abroad), and desired coverage amount. We offer a wide range of plans that cover multiple goals and budgets. To get a better idea and make a confident choice consult with a financial advisor or call us on 1800 102 2355.
A good rule of thumb is to aim for coverage that's 10–15 times your annual income. Consider your family’s living expenses, outstanding loans, children’s education, and long-term goals. The right amount ensures your loved ones can maintain their lifestyle and meet future needs— even in your absence.
We would love to help you choose and buy the right policy for your needs. Call our toll-free number 1800 102 2355 or drop us an email at care@generalicentral.com.
Reach out to us in any way that you prefer, and our team of experts will soon get back to you!
Disclaimers
Understand your policy better with key details and insights into our Generali Central Life Insurance.
This Product is not available for online sale. Life Coverage is included in this Product. For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the product brochure and consult your advisor, or, visit our website before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. If you have any request, grievance, complaint or feedback, you may reach out to us at care@generalicentral.com For further details please access the link: www.generalicentrallife.com/customer-service/grievance-redressal-procedure.
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