Immediate Annuity Plan Calculator

The Immediate Annuity Plan Calculator is a user-friendly online tool designed to estimate the potential payouts and benefits of investing in an immediate annuity plan. By entering specific parameters, the calculator can provide an accurate projection of the future income.

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Immediate Annuity Plan Calculator

Your Age

18 Years 59 Years
Enter Your Age

Monthly Investment

₹500 ₹10L
Enter Investment Per Month

Expected Return on Investment

5% 15%
Expected Return on Investment

Percentage of Corpus Allocated for Pension

40% 100%
Enter Corpus Percentage

Expected Return from Pension

5% 15%
Enter Annuity Return
₹0
Your Monthly Pension
₹0
Your Monthly Pension
Your Pension Calculation
Your Pension Calculation
Total Investment
Returns Earned
Maturity Amount
Maturity Amount split (Lumpsum & Pension)
60%
Lumpsum Amount
At the age of 60 Yrs
40%
Pension Wealth
At the age of 60 Yrs

What is an Immediate Annuity Plan Calculator?

An Immediate Annuity Plan Calculator is a valuable online tool designed to assist individuals in estimating potential payouts and benefits from an immediate annuity plan. 

An immediate annuity is a financial product that provides a steady stream of income for the annuitant starting almost immediately after a lump-sum payment is made to the insurance company. 

The calculator allows users to input specific financial information and preferences to generate personalized estimates, making it easier for them to make informed decisions about their retirement and financial future.

Check out: SBI Annuity Deposit Scheme Calculator

How Can an Immediate Annuity Calculator Help You?

An Immediate Annuity Calculator offers several benefits that can significantly aid individuals in planning for their retirement:

  • Accurate Payout Projections: By using an Immediate Annuity Calculator, individuals can get accurate projections of the income they will receive from their annuity plan. This helps in understanding how much income can be expected to cover living expenses during retirement.

  • Comparison of Options: The calculator allows users to compare various immediate annuity plans offered by different insurance companies. Users can input different parameters and see how they affect the payout, enabling them to choose the plan that best fits their needs.

  • Informed Decision-making: With the help of an Immediate Annuity Plan Calculator, users can make well-informed decisions regarding the amount they want to invest in an annuity plan and the type of payout they prefer – whether fixed, increasing, or with a period certain.

  • Retirement Planning: Planning for retirement can be complex, but the calculator simplifies the process by providing an estimate of the regular income stream from an immediate annuity. This helps individuals assess if they have enough funds for their retirement needs.

pension-ki-no-tensionpension-ki-no-tension

People Also Read: HDFC Annuity Plan 

How Does Immediate Annuity Plan Calculator Work?

An Immediate Annuity Calculator works on the following formula:

Immediate Annuity Calculator FormulaImmediate Annuity Calculator Formula

Where:

A is the value of the annuity or regular payment.

P is the amount of money deposited or withdrawn at regular intervals (payment amount).

r is the interest rate per period (expressed as a decimal).

n is the total number of periods (number of payments).

How to Use Policybazaar’s Immediate Annuity Calculator?

Using Policybazaar’s Immediate Annuity Calculator is a simple and user-friendly process:

  • Go to the Policybazaar website and search for the "Immediate Annuity Calculator" in the search bar.

  • Provide the required information, such as age, monthly expenses, and the age you want to start receiving your pension from.

  • Click on the calculate button to receive an instant estimate of the annuity payout based on the provided data.

  • Policybazaar's calculator also allows you to compare various immediate annuity plans from different insurance companies, helping you make an informed decision.

What are the Benefits of using Policybazaar’s Immediate Annuity Plan Calculator?

Using Policybazaar’s Immediate Annuity Plan Calculator offers numerous advantages, including:

  • Convenience: The calculator is available online 24/7, providing convenience to users who can access it from the comfort of their homes.

  • Unbiased Results: Policybazaar is an impartial platform, ensuring that the calculator's results are unbiased and solely based on the user's inputs.

  • Time-saving: Instead of manually computing annuity payouts, the calculator generates quick and accurate results, saving time and effort.

  • Comparative Analysis: Policybazaar’s calculator allows users to compare different annuity plans side-by-side, empowering them to choose the most suitable option.

People Also Read About: How to Get 50k Pension Per Month?

Wrapping it up!

An Immediate Annuity Plan Calculator, like the one offered by Policybazaar, is a powerful tool that empowers individuals to make informed decisions about their retirement income. By using this calculator, individuals can assess the potential benefits of immediate annuity plans and secure their financial future during retirement.

FAQ's

  • Does the calculator consider inflation?

    Yes, the calculator typically takes inflation into account when estimating the future income stream. It factors in the impact of inflation on the purchasing power of the annuity payouts over time to provide a more realistic projection of how the income will fare in the future.
  • Can I make changes to the input parameters and recalculate?

    Yes, you can adjust the input parameters on the Immediate Annuity Calculator and recalculate as many times as you like. This flexibility allows you to explore various scenarios and see how different factors may impact your annuity income.
  • Is the Immediate Annuity Calculator accessible on all devices?

    Yes, the calculator is designed to be accessible on various devices, including computers, tablets, and smartphones, as long as you have an internet connection.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer. Tax benefit is subject to changes in tax laws.

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