Understanding Different Types of Pension Plans and Their Annuities 💼

The annuity is the most distinctive feature of pension plans and generally comes in two types, immediate and deferred. As its name suggests, immediate annuity starts immediately. The insurance company pays the annuitant the annuity pension plan amount right after the receipt of the lump sum premium. Click to know more https://www.bajajallianzlife.com/retirement-plans/retirement-plans.jsp