Know your NPS pension amount: What will be your estimated monthly income on Rs 1 crore investment in annuity?

Where on the annuitant's death, the annuity amount ceases and the purchase price is returned to the nominee. 

Where on annuitant's death, the payment of the annuity will cease and the purchase amount will not be returned to the nominee.

Where on annuitant's death, the annuity is paid to the spouse during their lifetime, and the purchase price is returned to the nominee after the death of the spouse.

Where on the death on annuitant, annuity is paid to the spouse during their lifetime. If the spouse predeceases the annuitant, payment of the annuity will cease after the death of the annuitant. 

Where on annuitant's death, their spouse will get the pension for a lifetime. After the spouse's death, the annuity payment will go to the living dependent mother and father of the deceased annuitant. After the coverage of these family members, the annuity payment will cease, and the 100 per cent payment will be returned to the surviving children or legal heirs of the annuitant.

In this gallery, we will calculate the monthly pension amount for a 60-year-old, whose spouse's age is 58 years, and who spends Rs 10,000,000 (Rs 1 crore) to purchase annuity. Here's how much monthly pension they will get under-
 

Chart Source: CRA-NSDL