When can I choose my annuity plan?
As per the IRDA, for all annuities that are due on 1 April 2016, pension plan holders must choose their annuity options at the time […]
As per the IRDA, for all annuities that are due on 1 April 2016, pension plan holders must choose their annuity options at the time […]
Yes. Not only is it mandatory to buy annuity from the same insurer with whom you have your pension plan, but also buy annuity for […]
Annuitization Phase starts on vesting date when your regular annuities or pension payouts begin. The entire period during which you receive retirement benefits is called […]
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 the last payout. For example, […]
Accumulation phase is the period when you pay premiums to the insurance company, during which your premiums go towards building your retirement corpus until retirement […]
Annuity pension plans are a popular retirement insurance option and choosing the right one can determine your retirement income. There are two types of annuity […]
ULIP pension plans or market linked pension plans are offered by public and private life insurance companies to encourage regular savings that accumulates until retirement, […]
NPS or National Pension System or New Pension System is a voluntary ongoing contribution of funds by the individual until she turns 60, in order […]
Pension plans from insurance companies fall in the category of retirement plans or annuity plans. Here the individual invests via a single lump sum or […]
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