What is the difference between a retirement plan and a pension plan?
Pension plans are a component of retirement planning and involve financial planning to create savings that grow to yield steady income on retirement. The goal […]
Pension plans are a component of retirement planning and involve financial planning to create savings that grow to yield steady income on retirement. The goal […]
The main difference is the aim of the plan. Term plans cover risk in the event of eath. Pension plans assure income to those who […]
Yes. You can make a personal portfolio if you know your risk appetite, based on which you can start investing. However, it requires extensive research. […]
The retirement corpus can be calculated using a retirement calculator available on most websites of insurance companies offering pension plan insurance comparison. Details to input […]
A Pension Fund is a wise way to save for retirement. The front load charges are low. Since the investment is long term, returns are […]
Pension plan insurance plans come with a lock in period of up to 10 years. During this time, no returns are paid but on maturity, […]
In Guaranteed Period Annuity option, regardless of whether the life assured survives, an annuity is paid for different durations, for eg. 5,10,15 or 20 years. […]
In Annuity Certain clause, the annuitant receives annuity for a certain number of years, based on her choice. In case of death during this period, […]
The with cover pension plans include a life cover element in the plan. If the policyholder dies, the family members receive a lump sum. The […]
Immediate Annuity is where pension payouts start within a year from the payment of the premium for the retirement insurance policy. The policyholder deposits a […]
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