Retirement Planning Questions

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.

ULIP or Unit Linked pension plans are market-linked pension products from life insurance companies. These offer long term retirement plans.

Annuity is the regular payouts from the accumulated fund invested in a pension plan after retirement. This can be received

All pension plan insurance policies offer a minimum guaranteed return, based on the company offering the policy and the terms

There are several types of retirement plans and these can be categorized based on: • Premium payment mode: has deferred

In every pension plan, 33% of the final payout is withdrawable as lump sum and tax-free. The remaining amount is

The IRDA mandates a minimum guarantee with all pension plans, as “on-zero returns” on premium paid or guaranteed maturity benefits.

Retirement planning will provide you with consistent income to meet your needs as well as your dependants’ after you retire,

The earlier the better, as it will result in higher savings when you retire. Since life is unpredictable, the sooner

Yes. PF is good but inflation will diminish the amount and it may not be enough for future needs, particularly