Retire Rich With Pension Plans

Retire rich with pension plans.

You need to build an adequate corpus that will generate a regular income after retirement once your salary income stops. A small investment towards your retirement corpus would help you accumulate the required corpus. But you would also like to have a safety net against market volatility so that your savings are not wiped out and therefore retirement or pension plans comes into picture. The first is the accumulation phase, during which you pay premiums and the money accumulates through the tenure of the plan. The accumulated money is then invested in securities approved by the Insurance Regulatory and Development Authority (IRDA ), the insurance regulator.

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