IRDA is considering a proposal to allow new employees enter into existing group pension schemes, which are generally offered by companies as an additional retirement benefit to top managers. IRDA had, some time back, barred the entry of new employees into…
Information and reviews about pension schemes available in India
LIC’s Pension Plus is a unique ULIP plan where the minimum rate of interest is guaranteed. This plan is excellent investment towards essential long term financial planning.
Most of us detest receiving telemarketing calls —be it from a bank or a telecom company executive offering loan products or the latest tariff plan. Last week, it was my turn. The call centre executive, on the call, in his fast-forwarded styled speech went on to inform me about a new model for retirement planning and how he could offer me the best scheme in the industry.
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.
Jeevan Suraksha (Pension Plan)
Jeevan Suraksha 122/147 is a deferred annuity/pension plan, which allows policyholder to make provision for regular income after the selected term or after the age of retirement.
Varishtha Pension Bima Yojana
LIC of India’s VARISHTHA PENSION BIMA YOJANA ( Table No 161 ) Alert: This plan is closed for sales Varishtha Pension Bima Yojana was a Government subsidized scheme announced for Indian citizens aged 55 years and above , in the…