Tata AIG Life EasyRetire is a non participating single premium immediate annuity plan with return of purchase price, which takes care of your financial needs after retirement by converting your lumpsum retirement corpus into regular annuity payment. All you have to do is pay a single premium as your purchase price and choose the frequency at which you want the income, i.e. monthly, quarterly, half-yearly or annual. Depending on your age and purchase price, we pay a rate per thousand which will be paid to you regularly as per payment frequency chosen. These returns can be availed either as Post Dated Cheques (PDCs) or direct credit in your back account as PDCs / Electronic Clearing Services (ECS).