Author: Tarun Bansal Savingwala

PFRDA’s New Pension Scheme

Starting 1st May 2009, any citizen of India desiring to open an New Pension Scheme account can contact any of
the twenty two (22) Points of Presence (POPs) appointed by PFRDA. Initially, PoPs are offering NPS at limited number of branches. However, in due course the number of such branches will grow and cover
every part of the country. The offer document containing details of the NPS, application form for
opening NPS account and welcome brochure is now available on the website of PFRDA
(www.pfrda.org.in) as well as the websites of other NPS intermediaries. Details of NPS intermediaries
including Points of Presence and Pension Funds are also available on PFRDA website.

Child Career Plan

LIC’s Child Career Plan aims to providing funds at regular annual intervals for professional education of childres and start-in-life in the form of 6 money back instalments commencing from minimum age of 18 years.

Pension Plans

Pension Plans / Retirement insurance plans are Individual Plans that look into your future and forecast financial constancy during your old age. These policies are most suitable for senior citizens and those planning a secure future, so that you never…