What is an alternative to an annuity plan for regular income?

Kindly suggest a fixed-income alternative for 20 to 25 years in place of an annuity plan to get regular income. - Piyush Firstly, it's a good idea to shift to another fixed-income alternative because annuity in India is neither very efficient nor very cheap. And it's not just you. Even the Pension Fund Regulatory and Development Authority (PFRDA) which mandates 40 per cent of your money accumulated in National Pension System (NPS) must be used for buying an annuity, is reconsidering if one can mount a withdrawal plan instead. PFRDA has also understood that annuity should not be the only a

This article was originally published on October 22, 2021.