Immediate Annuity plans

In the Previous post on the pension plans list in India, we had given you the detailed list on the deferred Annuity plans available in the market. Now we are going to see the Immediate Annuity plans list in India. To know the various types of Annuities you may read our post on Annuity meaning and its types. Here the name Immediate Annuity itself suggests that the benefit is received immediately. Here you need to pay a lumpsum amount to the insurance company and they pay you Annuity(pension) every month starting immediately. 

Lets See the Immediate Annuity Plans Available with the Insurance companies in India.

Aegon Religare Life Insurance Co. Ltd. NOT AVAILABLE
Aviva Life Insurance Co. India Ltd. Aviva Annuity Plus
Bajaj Allianz Life Insurance Co. Ltd. Bajaj Allianz Pension Guarantee
Bharti AXA Life Insurance Co. Ltd. NOT AVAILABLE
Birla Sun Life Insurance Co. Ltd. BSLI Immediate Annuity Plan
Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. NOT AVAILABLE
DHFL Pramerica Life Insurance Co. Ltd. NOT AVAILABLE
Edelweiss Tokio Life Insurance Co. Ltd Edelweiss Tokio Life – Immediate Annuity Plan
Exide Life Insurance Co. Ltd. Exide Life Immediate Annuity
Future Generali India Life Insurance Co. Ltd. FG Immediate Annuity plan
HDFC Standard Life Insurance Co. Ltd. HDFC Life New Immediate Annuity Plan
ICICI Prudential Life Insurance Co. Ltd. ICICI Pru Immediate Annuity
IDBI Federal Life Insurance Co. Ltd. NOT AVAILABLE
IndiaFirst Life Insurance Co. Ltd IndiaFirst Annuity Plan
Kotak Mahindra Old Mutual Life Insurance Ltd. Kotak Lifetime Income Plan
Life Insurance Corporation of India Jeevan Akshay VI
Max Life Insurance Co. Ltd. NOT AVAILABLE
PNB MetLife India Insurance Co. Ltd. NOT AVAILABLE
Reliance Life Insurance Co. Ltd. Reliance Immediate Annuity Plan
Sahara India Life Insurance Co. Ltd. NOT AVAILABLE
SBI Life Insurance Co. Ltd. SBI Life - Annuity Plus
Shriram Life Insurance Co. Ltd. Shriram Immediate Annuity Plan
Star Union Dai-Ichi Life Insurance Co. Ltd. SUD Life Immediate Annuity Plus
Tata AIA Life Insurance Co. Ltd. NOT AVAILABLE

Out of 24 Life insurance companies in India, Only 15 are having Immediate Annuity plans. This shows how difficult it is to maintain Annuity plans. This is because of the long term commitment of these type of plans. Once the client buys a Immediate annuity plan, the company is liable to pay pension to the client till his whole life term. 

We are working on the Top 10 Immediate Annuity Plans in India which will be released Soon. And You may request for individual reviews of any of these plans in the comment area.

  • Pamanand Jethani

    I have ICICI Pru Life Time Super Pension Policy.Vesting date is 13/03/2017. About Rs 600000 I want to invest in immediate annuity plan.Please guide me , I purchase annuity from which company Regards, Parmanand Jethani

    Parmanand Naraindas Jethani

    I have ICICI Pru Life Time Super Pension Policy,Maturity date 13/03/2017. Date of Birth 05/11/1942.I have sent request in this form regarding your advice before 7-10 days.My email address is You are requested to inform which company is working on the top at present.Which annuity option will be better looking my age. I will be thankful if you send on my mail address. Warm Regards, Parmanand N Jethani

    Way To Insurance Team

    Dear Reader, Currently HDFC life provides the best life annuity rates. Comment or mail us if your required further assistance. Thanks

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