Income stream purchase
Annuity
A product that converts a lump sum into periodic payments. NPS and retirement plans may require or offer annuity purchase for a portion of corpus—rules vary.
In simple terms
A product that converts a lump sum into periodic payments. NPS and retirement plans may require or offer annuity purchase for a portion of corpus—rules vary. Use the related calculators below to see the idea in numbers — results are illustrative, not advice.
Related terms
Sources & methodology
- Verify definitions against official scheme / tax documents — terms and rates can change by notification
- Aaru Wealth Methodology
Always verify current rates, slabs and scheme rules on official portals. Calculator outputs are illustrative estimates.