Life Annuity for a 60 years old.

[SmartActuary]

What kind of annuities are offered in India for a 60 years old? If you have any information please contact me as I will like to know the details ASAP.

Thanks

[nirmalya sil]

The most popular annuity option in india is (i)life annuity with return of purchase price of annuity on death of the annuitant.
Besides this there are single life and jt. life last survivor type of annuities.
Annuities like annuity with 5/10/15/20 years certain and life thereafter.
Some companies are providing single life annuities with return of difference between purchase price and total annuities paid in case of death.