PDF Archive

Easily share your PDF documents with your contacts, on the Web and Social Networks.

Share a file Manage my documents Convert Recover PDF Search Help Contact

Why and How to Choose a Retirement Plan .pdf

Original filename: Why and How to Choose a Retirement Plan.pdf

This PDF 1.4 document has been generated by Online2PDF.com, and has been sent on pdf-archive.com on 14/10/2016 at 13:28, from IP address 122.160.x.x. The current document download page has been viewed 209 times.
File size: 565 KB (11 pages).
Privacy: public file

Download original PDF file

Document preview

Why and How to Choose a
Retirement Plan

What is Pension Plan
Pension plan is exactly offered by life insurance companies
which helps to individuals plan effectively and carefully for
their retirement age. It gives a regular income to individuals
in their golden time and give chance to live a happy life with
their loved one, it also cover risk in case of unfortunate event.
At very early age it would be very good if you planned for any
Annuity or pension plan and start invest money in retirement
Plans. The benefits are different for every insurance company,
You need to compare a single plans of every insurance provider
And choose the best one which suit you.

Different Pension Plans
1. Traditional Plans- In which the plans benefit on retirement is
determined by a set use of formula, it does not depend on investment
returns. The amount of payout is almost guaranteed, It also called defined
benefits (DB). If you are completely risk averse, it maybe better go with
traditional based pension plans.

2. ULIP Pension Plan- In which the some part of amount paid as premium
every year and known as long term retirement or investment plans. These
are market-linked pension products which are offered by life insurance
companies. The purpose of these plans is provide to health and life cover
and a minimum guarantee of 4.5 percent. If your investment horizon is for
long years like 10 or more, it may suggested to go with the ULIP based
pension products.

It designed to helps
Employees save money
For retirement

It guarantee that the
Employee will get an
amount of benefits
Once he or she retires

Pension Plan

In case of eventuality
Event, the nominee will
Receive the sum assured
Amount + the bonus and
Addition If any

Up to the one third of
Paid premium is tax free
Under the section 80CCC

Why Pension Plan is Necessary

Increase in life expectancy
Shortfall in Employer Funded Pension
Change of social structures
Lack of social security system
Desire to remain contributor
Rest and relaxation

Government Retirement

Atal Pension Yojana
Mutual Funds ELSS
Pradhan Mantri Jan Dhan Yojana
National Pension Scheme
Public Provident Fund (PPF)

Pension Schemes By Others

Reliance Smart Pension Plan
HDFC Life Pension Super Plan
LIC Jeewan Akshay VI
SBI Life- Saral Pension
Bajaj Allianz Retire Rich
BSLI Empower Pension- SP Plan
LIC New Jeevan Nidhi

Short Term Savings Options

Post Offices Deposit
Government Bonds
Mutual Funds
Bank Fixed Deposit

Long Term Savings Options

Public Provident Fund (PPF)
Life Insurance Policies
Long Term Bank Deposit (FDs, RD,s)
Investment in Gold

Related documents

why and how to choose a retirement plan
federal employment retirement system
is roth ira for you 32
the 3 best annuities for senior citizens
stepbystep painless secrets of individual1388
golden rules for happy retirement

Related keywords