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  2. Life annuity - Wikipedia

    en.wikipedia.org/wiki/Life_annuity

    Annuities can be purchased to provide an income during retirement, or originate from a structured settlement of a personal injury lawsuit. Life annuities may be sold in exchange for the immediate payment of a lump sum (single-payment annuity) or a series of regular payments (flexible payment annuity), prior to the onset of the annuity.

  3. Life Insurance Corporation - Wikipedia

    en.wikipedia.org/wiki/Life_Insurance_Corporation

    Life Insurance Corporation of India ( LIC) is an Indian public multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹52.52 trillion (US$660 billion) as of March 2024. [3] It is under the ownership of Government of India and administrative ...

  4. Retirement annuity plan - Wikipedia

    en.wikipedia.org/wiki/Retirement_annuity_plan

    An immediate retirement annuity is an annuity that is purchased in a single lump sum, and payments on it begin immediately (30 days to 12 months), after the entry into force of the contract (there is no accumulation phase). An immediate annuity is good for turning a large amount of money into a source of permanent income (some kind of pension).

  5. National Pension System - Wikipedia

    en.wikipedia.org/wiki/National_Pension_System

    The National Pension System (NPS) is a voluntary defined contribution pension system administered and regulated by the Pension Fund Regulatory and Development Authority (PFRDA), created by an Act of the Parliament of India. The NPS started with the decision of the Government of India to stop defined benefit pensions for all its employees who ...

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  7. List of largest pension schemes in the United States - Wikipedia

    en.wikipedia.org/wiki/List_of_largest_pension...

    This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.

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