When you turn 60, you will get 60% of the money deposited in NPS in lump sum. You will have to buy annuity with the remaining 40% money. You will get pension every month from annuity only. There are many options of annuity, in which it is very important to choose the right option National … Continue reading NPS: Choosing the right annuity for pension after retirement is important, What exactly is annuity and how many types are there?