Annuities (Guaranteed Income)


Annuities are ideal if you would like to convert a portion of your savings into a fixed and guaranteed income that provides you with regular payments.
Guaranteed income in the form of an annuity or with the FORLIFE Series in the IAG Savings and Retirement Plan is an interesting way to make sure that you receive a steady, fixed income during your retirement. With an annuity, you make an up-front investment in return for a steady stream of income. With the FORLIFE Series, you also receive guaranteed income for life, however you enjoy the added benefit of interest generated by your investments.

Characteristics & Advantages Of Guaranteed Income


  • Allows you to grow your money through investment income and provides access to your investment at all times.


  • Provides worry-free, simplified money management but does not offer withdrawal flexibility. Once the annuity is purchased and the funds are set, it does not change.
  • You have the choice of two types of annuities: life, which provides you with income for life, and certain, which provides you with income over a predetermined period of time.

Why choose guaranteed income with us?

Guaranteed lifetime income offered by the FORLIFE Series is unique to the iA Financial Group. Like an annuity, this series provides you with a fixed income. It stands out, however, because it gives you the opportunity to grow your money in one of two guaranteed income funds. What’s more, if you own an RRIF, you are guaranteed that the minimum withdrawal will always be respected, even it if is higher than your lifetime income.

Frequently Asked Questions

What is the meaning of insurance?
Insurance is a protection against financial loss arising on the happening of an unexpected event. Insurance companies collect premiums to provide for this protection and losses are paid out of the premiums collected from the insuring public.
Why do I need Insurance?
Insurance is a hedge against the occurrence of unforeseen incidents. Insurance products help you in not only mitigating risks but also helps you by providing a financial cushion against adverse financial burdens suffered.
Why should one cover oneself immediately ?
Accidents and mishaps can occur anytime and anywhere. It is important to identify the risks faced and insure oneself against these at the earliest.
How to Choose the Best Term Plan?
While selecting a term plan, you need to look for the following and ensure that your family has the best financial protection with the term plan: Claim settlement record of a life insurance company indicates the ultimate moment of truth for the customer. Claim settlement record can be assessed through a percent number (Claim Settlement Ratio) released by IRDAI (Insurance Regulatory and Development Authority India) every year.
How much life cover do I need?
The life cover you need depends on your current annual income. We recommend that a life cover equivalent to 10-15 times your annual income is sufficient to provide for a safe future for your family. If budget is a problem, you could go for monthly premium payment option over a yearly commitment. However, it is important to have a sufficient life cover so that your family’s financial security is not compromised.
What is Critical illness benefit ?
If you are ever diagnosed with a critical illness, it can affect you physically, emotionally and financially. The optional benefit of covering 34 Critical Illnesses such as cancer, heart attack and kidney failure for a maximum of 30 years without any change in premium. But here’s the best part – It gives full claim payout on the first diagnosis of any of the covered 34 Critical Illnesses. No Hospital Bills required. This amount can also safeguard your family against the loss of income arising out of the illness.
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