Annuity Calculator India 2026

It estimates the periodic income you may receive from an annuity plan based on your investment amount, expected payout rate, and payout option, helping you visualise monthly pension-style income in ₹. This is a planning estimate, not a guaranteed payout, because actual annuity rates and terms depend on the insurer and product rules — always compare with real quotes before deciding.

Annuity rates vary across insurers (LIC, SBI Life, HDFC Life, ICICI Prudential, and others) and change over time based on interest-rate conditions and the payout option chosen. Use a conservative rate for planning and confirm the exact rate with insurer quotes before purchasing — this calculator does not represent an official rate.

A single-life (individual) annuity pays the highest monthly amount but stops on the annuitant's death with nothing returned to the family, unless a return-of-purchase-price option is added. A joint-life annuity pays somewhat less but continues to the spouse. An increasing annuity starts lower but rises over time to help offset inflation. For married retirees, protecting the spouse's income is usually the priority.

Yes. Pension income from an annuity is taxed as per your income tax slab under 'Income from Other Sources,' with no special exemption for senior citizens (unlike the ₹50,000 Section 80TTB benefit on FD/savings interest). Insurers typically deduct TDS, but this may not match your final tax liability — consult a qualified tax professional and this is not tax advice.

Both work the same way at payout — a lump sum converts into a regular pension. Under PFRDA's exit rules, NPS subscribers with a corpus above ₹12 lakh can withdraw up to 80% as a lump sum, with at least 20% compulsorily used to buy an annuity from a PFRDA-empanelled insurer. You can also buy a standalone immediate annuity from LIC or another insurer using any other retirement corpus, independent of NPS.