Options under annuity

Please note the annuity installment (whether the amount is high or low) depends on three types of options exercised by the annuitant. They are:

1. Deciding the age at which annuity shall commence
2. Deciding the mode selected for receipt of annuity (Yearly, Half-yearly, Quarterly or monthly)
3. Deciding the Type of annuity

Readers may go through my article on the subject in The Hindu Business Line and my Paper on Options under annuities published in ‘Pension, an International Journal’ (Palgrave Macmillan, London). Links to these are given in the Page on ‘Other Publications).