LIC has introduced new pension plan, LIC New Pension Plus 867. This is non participating, unit linked insurance plan that again comes with fancy word “guaranteed addition”. The plan indicates that LIC would provide guaranteed additions between 5% to 15% of yearly premium. What are the features of LIC Pension Plus? Who is eligible to take this plan? Should you […]
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HDFC Life Saral Pension – Features, Benefits and Review HDFC Life has launched Saral Pension which is immediate annuity pension plan. This standard pension policy is issued as per guidelines from IRDA which has same terms and conditions across insurance companies. Earlier LIC has launched Saral Pension plan. What are the features of HDFC Life Saral Pension? What are various […]
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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 Akshay VII Pension plan, but […]
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ICICI Pru Launches Guaranteed Pension Plan for Life Long Few days back, ICICI Prudential has launched Guaranteed Pension Plan. These days, life insurance companies are coming up with Guaranteed Income plans to attract investors. Recently Exide Life Insurance and Aditya Birla Sun Life has come up with life insurance savings schemes indicating guaranteed income up to 30 years. Now ICICI […]
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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 for another 3 years, i.e. […]
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LIC Jeevan Shanti Guaranteed Pension Plan Review After long time LIC has launched a new pension plan, LIC Jeevan Shanti Guaranteed Pension Plan No.850. LIC Jeevan Shanti is a single premium annuity plan that came with various options. What is the eligibility to join LIC Jeevan Shanti Pension Plan? What are various annuity options available in this plan? Would you […]
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How to open corporate NPS Scheme in India? National Pension Scheme (NPS) is one of the good and safe retirement tool for low risk investors. It is a pension plan in which one can invest during his working years and withdraw at the time of retirement. However, many people are unaware about the corporate model of NPS. What is Corporate […]
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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 provide immediate pension of 8% […]
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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 same shortly. Varishtha Pension Bima […]
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Which are Popular Annuity Pension Plans in India? The biggest benefit of government job is that they enjoy the pension lifelong. This is not the case with private sector employees. After retirement, he or she is no longer entitled to salary and other benefits. They have to lead the rest of his life on the savings and investments made earlier. […]
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Best & Worst Performing NPS Funds in 2016 One of the best ways to save retirement money is investing in New Pension Scheme (NPS). A couple of years back, NPS funds gave returns as high as 14%. It’s the time to review the NPS Funds and how they are performing in 2016 and its performance in last 5 years. This […]
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Indialife First Guaranteed Retirement Plan Review Last week, Indialife First has launched Guaranteed Retirement Plan indicating it would provide 9% guaranteed returns. Indialife First is a joint venture between Bank of Baroda & Legal and General (UK). Indialife First Guaranteed Retirement Plan is first pension plan from them. While investors would get tempted and get attracted towards such pension plans […]
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Kotak Premier Pension Plan Review Couple of weeks back, Kotak Life has launched a traditional retirement plan named Kotak Premier Pension Plan. This Kotak Premier Pension Plan is traditional participating pension plan. Kotak Life indicates that this plan was floated to help and accumulate retirement kitty. Kotak Life Premier Pension Plan comes with assured death benefit and vesting benefits. Should you […]
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What is One Rank-One Pension Scheme (OROP)? In the last couple of days, there is one pension scheme which is in news is One-Rank-One Pension Scheme. This pension scheme was promised to ex-servicemen, but not yet implemented by Mr.Modi’s government during Lok Sabha Poll. Ex-Service men went hunger strike and planning for next steps. It caught so much attention ahead […]
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Atal Pension Yojna – Complete guide on benefits, eligibility and how to apply for this scheme Few weeks back, Mr. Narendra Modi has launched Atal Pension Yojna for individuals in the unorganized sector. This scheme aims to provide a regular pension of Rs 1,000 to Rs 5,000 per month after 60 years of retirement. What is Atal Pension Yojna Scheme […]
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