Author name: PolicyAdvisor

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

Annuity pension plans are a popular retirement insurance option and choosing the right one can determine your retirement income. There

ULIP pension plans or market linked pension plans are offered by public and private life insurance companies to encourage regular

NPS or National Pension System or New Pension System is a voluntary ongoing contribution of funds by the individual until

Pension plans from insurance companies fall in the category of retirement plans or annuity plans. Here the individual invests via

Pension plans are a component of retirement planning and involve financial planning to create savings that grow to yield steady

The main difference is the aim of the plan. Term plans cover risk in the event of eath. Pension plans

Yes. You can make a personal portfolio if you know your risk appetite, based on which you can start investing.

The retirement corpus can be calculated using a retirement calculator available on most websites of insurance companies offering pension plan

A Pension Fund is a wise way to save for retirement. The front load charges are low. Since the investment

Pension plan insurance plans come with a lock in period of up to 10 years. During this time, no returns

In Guaranteed Period Annuity option, regardless of whether the life assured survives, an annuity is paid for different durations, for

In Annuity Certain clause, the annuitant receives annuity for a certain number of years, based on her choice. In case

The with cover pension plans include a life cover element in the plan. If the policyholder dies, the family members

Immediate Annuity is where pension payouts start within a year from the payment of the premium for the retirement insurance

Deferred Annuity plans are insurance schemes where a portion of your income is deferred till the vested or retirement age.