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Is it advisable to invest in an annuity plan for generating fixed monthly income?

Dhirendra Kumar explains how to get inflation-linked returns in retirement

Is it advisable to invest in an annuity plan for generating fixed monthly income?

हिंदी में भी पढ़ें read-in-hindi

I am nearing retirement. Would you suggest investing about Rs 20 lakh in an annuity plan like New Jeevan Shanti to get a fixed monthly income? This will be in addition to the post office, bank, and corporate fixed-income schemes. - Nitin Manikrao Bhanji No, it's not a good idea. The kind of annuities available to Indians today is not of r

This article was originally published on August 20, 2021.


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