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what are the best retirement pension plans in India?

+2 votes
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posted Dec 16, 2014 by Krishna Pmv

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2 Answers

0 votes

It depends on your need, you can compare them at http://www.policybazaar.com/life-insurance/pension-plans/

But would be good if you can get yourself comfortable with following terms -

Terms Related with Pension Plan

VESTING AGE: The age at which you choose to start receiving pension.

ANNUITY: Regular monthly pension payable to you after your cross the vesting age.

SUM ASSURED: The amount that the nominee receives in the event of death of the insured during the accumulation period.

ACCUMULATION PERIOD: This is the period when you pay premiums to accumulate funds for retirement.

SURRENDER CHARGES: Charges levied by the insurer if you end the policy before the date of vesting.

PARTICIPATING PLANS: These plans give a share of the insurer's profit to policy holders. This share is not fixed and depends on the financial performance of the company.

answer Dec 16, 2014 by Salil Agrawal
0 votes

As an alternative, you can compare pension plans at PolicyX.com. Policyx contains good features and by far the best comparison tools.

Pension Plans in India at PolicyX

answer May 18, 2016 by Dean Copper
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