Is direct equity a retirement saving option?
Direct equity is a long-term saving option that can be handled directly by the investor or by enrolling in equity […]
Direct equity is a long-term saving option that can be handled directly by the investor or by enrolling in equity […]
There are many pension plan options in India based on a variety of needs available to individuals who are employed
Yes. Retirement planning with help you save for an independent life after you retire from employment. It requires disciplined and
Participating plans are those that share the insurer’s profit with policyholders. This is a variable amount and relies on the
Surrender charges are levied when the policy is cancelled before the vesting date, that is, maturity date.
Yes. Since the goal is to receive a regular and timely pension during retirement, compare pension plans to know the
The sum assured is that amount which the nominee receives in the event of the death of the insured in
Vesting age is the age at which the insured starts receiving pension payouts.
In unit linked pension plans, death of the insured before vesting age results in nominee receiving the larger amount from
Death benefits are based on type of pension plan and the phase of the plan when the insured expires, that
Yes. As per regulations, Life insurance is mandatory with pension plans.
Unit-linked pension plans are similar to unit linked life insurance plans in that they are market-linked, enabling the insured to
Similar to insurance plans, traditional pension plans offer a guaranteed fixed return to the insured based on the premiums invested
The single premium pension plan or immediate annuity plan involves paying a lump sum amount as a single premium. This
As per the IRDA, for all annuities that are due on 1 April 2016, pension plan holders must choose their
Yes. Not only is it mandatory to buy annuity from the same insurer with whom you have your pension plan,
Annuitization Phase starts on vesting date when your regular annuities or pension payouts begin. The entire period during which you
Vesting date is the date on which you begin to receive your retirement benefits.
Distribution phase is the period when you start receiving your pension payouts from the accumulated retirement corpus until you receive
Accumulation phase is the period when you pay premiums to the insurance company, during which your premiums go towards building