What are surrender charges?
Surrender charges are levied when the policy is cancelled before the vesting date, that is, maturity date.
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 charges involved along with other […]
The sum assured is that amount which the nominee receives in the event of the death of the insured in the accumulation phase.
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 the reserve accumulated along with […]
Death benefits are based on type of pension plan and the phase of the plan when the insured expires, that is, accumulation or annuitization phase. […]
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 invest in various financial instruments […]
Similar to insurance plans, traditional pension plans offer a guaranteed fixed return to the insured based on the premiums invested for a specific period. On […]
The single premium pension plan or immediate annuity plan involves paying a lump sum amount as a single premium. This is a one-time investment and […]
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