Category Archives: Retirement Planning

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LIC Saral Pension (Plan No 862) – Features, Benefits and Negative Factors

LIC Saral Pension (Plan No 862) – Features, Details, Benefits and Negative Factors Few days back, LIC has launched Saral Pension (Plan no. 862) which is the standard annuity pension plan. This standard pension plan is issued as per guidelines from IRDA which has same terms and conditions across insurance companies. LIC already has Jeevan … Continue reading LIC Saral Pension (Plan No 862) – Features, Benefits and Negative Factors

7 Investment Options for Senior Citizens – Risk Free, Low Risk and Moderate Risk

Review of 7 Investment Options for Senior Citizens There are several investment options for Senior Citizens. However, they should choose an option which as at minimal risk and the one which can provide higher returns. Senior Citizens always wanted to pick an investment option that beats inflation so that their retirement corpus would not get … Continue reading 7 Investment Options for Senior Citizens – Risk Free, Low Risk and Moderate Risk

Superannuation Fund Benefit – Frequently Asked Questions (FAQs)

Superannuation Fund Benefit – Frequently Asked Questions (FAQs) The superannuation fund benefit is provided by the employer to their employees. This is a retirement benefit which is made part of employee CTC. While EPF is well known to most of the employees, superannuation benefit is less known about how it operates and how one can … Continue reading Superannuation Fund Benefit – Frequently Asked Questions (FAQs)

How to withdraw Superannuation Fund in India?

How to withdraw Superannuation Fund in India? Superannuation fund is a retirement benefit provided by employer to employee. This is like EPF, however, the contribution from the only employer side is done. Many corporates have incorporated superannuation fund benefit as part of employee CTC. However, many employees might forget about such benefit during a change … Continue reading How to withdraw Superannuation Fund in India?

7.4% PM Vaya Vandana Yojana Pension Plan – Features, Benefits and How to buy?

Pradhan Mantri Vaya Vandana Yojana Pension Plan – Features and Benefits A few years back, Govt of India has launched PM Vaya Vandhana Yojana Pension Plan (PMVVY) aimed to get secured an immediate pension for Senior Citizens in India. However, such plan was open till 31st March, 2020. PM Vaya Vandana Yojana has extended now … Continue reading 7.4% PM Vaya Vandana Yojana Pension Plan – Features, Benefits and How to buy?

Voluntary Provident Fund (VPF) – Features, Rules and Guidelines

Voluntary Provident Fund (VPF) – Features, Rules and Guidelines Many employees might not be aware of Voluntary Provident Fund (VPF). VPF is over and above their EPF where employees can contribute and expect higher and safe returns. This works as one of the best retirement tools. What is Voluntary Provident Fund (VPF)? What are the … Continue reading Voluntary Provident Fund (VPF) – Features, Rules and Guidelines

What is Superannuation Fund Benefit in India and How to calculate it?

What is Superannuation Fund Benefit in India and How to calculate it? When we think of retirement benefits, Employees Provident Fund (EPF) Public Provident Fund (PPF), Gratuity and National Pension Scheme (NPS) are the few things that strike our mind. Very few people know that there is another benefit plan existing known as the superannuation … Continue reading What is Superannuation Fund Benefit in India and How to calculate it?

How Pension Income is Taxable in India and can we avoid or reduce tax?

How Pension Income is Taxable in India and can we avoid or reduce tax? The biggest tension in the life of an employee is what would be his source of income after retirement and how would he meet his day-to-day requirements. Banks or Insurance companies have a variety of retirement plans for such retired individuals … Continue reading How Pension Income is Taxable in India and can we avoid or reduce tax?

Latest NPS Withdrawal Rules 2018 – Is NPS now attractive compared to other plans?

Latest NPS Withdrawal Rules 2018 – Is NPS now attractive compared to other plans? NPS is one of the good retirement scheme. Recently there were latest NPS withdrawal rules that came in 2018.  PFRDA has relaxed guidelines where one can withdraw upto 25% of their NPS share based on certain tems and conditions. This could … Continue reading Latest NPS Withdrawal Rules 2018 – Is NPS now attractive compared to other plans?

8% LIC Pradhan Mantri Vaya Vandana Yojana Pension Plan

8% LIC Pradhan Mantri Vaya Vandana Yojana Pension Plan Govt of India in its budget for FY2018-2019 has indicated that it would soon announce pension plan for Senior Citizen. Couple of days back, Govt. of India announced Pradhan Mantri Vaya Vandana Yojana Pension Plan (PMVVY) which would be administered by LIC. This pension plan would … Continue reading 8% LIC Pradhan Mantri Vaya Vandana Yojana Pension Plan

How to Open National Pension Scheme (eNPS) Online and Offline?

How to Open National Pension Scheme (eNPS) Online and Offline? National Pension System or National Pension Scheme (NPS) aims at providing suitable income after retirement to every Indian citizen. If you are young and planning for retirement, NPS is one of the best retirement tools which you can plan from now till retirement. You can … Continue reading How to Open National Pension Scheme (eNPS) Online and Offline?

8% LIC Varishtha Pension Bima Yojana 2017 – Approved by Cabinet now

LIC Varishtha Pension Bima Yojana 2017 – Approved by Cabinet now Yesterday, Indian Cabinet ministry has approved relaunch of Varishta Pension Bima Yojana 2017 as part of Government Social security and Financial inclusion scheme for Senior Citizens. Earlier, it was launched on 15th August, 2014 for only 1 year and now it would reopen the … Continue reading 8% LIC Varishtha Pension Bima Yojana 2017 – Approved by Cabinet now

Should you invest in Canara HSBC OBC Life Insurance Bhavishya Plan?

Couple of days back, Canara HSBC OBC Life Insurance has a launched a new ULIP plan called Secure Bhavishya Plan. Canara HSBC OBC Life Insurance Secure Bhavishya Plan says it protects and meets individual future financial life. This plan helps custom build a retirement fund which can be used for steady post retirement income. How … Continue reading Should you invest in Canara HSBC OBC Life Insurance Bhavishya Plan?

8 New Features and Benefits in New Pension Scheme (NPS)

New Features and Benefits in New Pension Scheme (NPS) Last week, Provident Fund Regulatory Development Authority (PFRDA) launched new f and benefits in New Pension Scheme (NPS). NPS is one of the best tax saving and good retirement saving scheme. However, its features and usage makes it less attractive. To improve the usage, PFRDA has … Continue reading 8 New Features and Benefits in New Pension Scheme (NPS)