IRDA revises third-party motor insurance premium rates for 2016-17
Third party insurance cover is set to increase for various categories of motor vehicles, including by a steep 40 per […]
Third party insurance cover is set to increase for various categories of motor vehicles, including by a steep 40 per […]
Third-party motor insurance refusal rates have seen a big drop, with the regulator cracking the whip on insurers refusing to
Term insurance policies are among the most notable, so it is important that you understand why you should buy a
Once you decide on investing in a retirement insurance policy, consider the following: • Whether the plan offers the option
Anyone who is in the age group of 18 to 39 years and 364 days is eligible for Atal Pension
Atal Pension Yojanaor APY, a pension scheme for Indians in the unorganized sector. According to this scheme there is a
An employment-based Pension plan is retirement insurance plans or annuity plans where the employee allocates a portion of the current
Yes. All Indian residents in the age group of 18-60 years can invest in the NPS. The scheme is mandatory
The NPS is portable. Subscribers can keep the same PRAN regardless of whether they move residence or location. The same
Yes. NPS sends a physical annual statement with details of unit holdings via the CRA within 3 months of the
The pension fund manager invests your savings in a scheme chosen by you. Investment allocations directly impact the growth of
No. The Government will not contribute to your NPS account. However, if you have opted for the Swavalamban scheme, government
A grievance about your NPS account can be registered via the Call Center or IVRS at a toll free phone
Yes. If you exit NPS before 60 years, you must invest at least 80% of the pension wealth to buy
Yes. Life Insurance Corporation (LIC) is the default annuity service provider. The default annuity scheme offers annuity for life with
Your monthly pension or annuity income depends on the size of your retirement corpus. Naturally, the bigger the corpus, the
Annuity service providers offer a variety of generic annuities and their variants of combinations thereof. The annuity options for monthly
NPS Annuity service providers licensed by the IRDA(Insurance Regulatory and Development Authority) and empaneled by the PFRDA to offer annuity
Your withdrawal claim will be processed normally, after deducting a penalty for unfreezing the account. You may seek to reactivate
Once you register with the NPS, you receive a PRAN – Permanent Retirement Account Numberalong with a PRAN Kit containing