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 […]
Retirement Planning Questions
What is the difference between a pension plan and term plan
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 […]
Can I create my own retirement corpus?
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. […]
What is a retirement corpus and how to calculate it?
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 […]
What is a pension fund?
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 […]
Is there a lock in period for pension plans?
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, […]
What is the guaranteed period annuity option?
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. […]
What does the annuity certain clause mean?
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, […]
What is with cover and without cover pension plan?
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 […]
What is immediate annuity?
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 […]