Have dependent family members? Buy return of purchase price annuity

Buy without return of purchase price plan if your retirement corpus is small

The Pension Fund Regulatory and Development Authority (PFRDA) has changed the rules regarding the purchase of annuity at the time of exiting the National Pension System. Earlier, investors had to put the entire corpus in one annuity. Now, if the corpus size exceeds Rs 10 lakh, they can buy multiple annuities of at least Rs 5 lakh each. Instead of buying a single annuity, they can now buy a bouquet of annuities to meet their varied needs.
 
Diversify among insurers

On retirement, 40 per cent of the NPS corpus must go into annuities. What is not clear is