Pension Plan Or Bundled Package of Insurance Policy to receive as pension

[amit_dly]

I have similar question for pension, Age 33 Yrs, working with software company and looking for 2,40,000 / annum as pension from age of 54 yrs-70 yrs.Question is whether to go for pension plan OR bundle package of insurenace policy that will return the 2,40,000 / annum.My insuranc advisor told me that return from pension is taxable and incase of bundled packakge of insurance policy return won't come under income tax. Please suggest best option to go for.i have received premium quote of 60K till age of 53 yrs and then it will return 2,40,000 /annum.

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