Now in India as the life insurance market is booming, more and more products are coming into the market. With Immediate annuity policies, you can start getting your annuity immediately after paying the premium. That is after you pay a high premium, you are getting back a payout in a monthly or quarterly or yearly basis. There is also an option on death; the nominee gets back the invested lump-sum. Anyways as there are lot of products to choose, check out each ones immediate annuity rates.