What is New Pension Scheme (NPS)? The New Pension Scheme or NPS is a voluntary contributory pension scheme introduced by the Central Government. The NPS is administered by Pension Fund Regulatory and Development Authority (PFRDA). Under the NPS, individuals can open a personal … [Read more...] about All you wanted to know about New Pension Scheme (NPS)
The Union Cabinet approves FDI hike in Pension Fund Regulatory & Development Bill from 26% to 49%. Till now, 26 per cent foreign direct investment was allowed in the insurance sector while the pensions business was closed to foreign investment. Pension Fund Regulatory & … [Read more...] about Union Cabinet approves FDI hike to 49% in Pension Bill
What is a Pension? The english dictionary defines the word pension as “a fixed amount, other than wages, paid at regular intervals to a person or to the person's surviving dependents, especially to a person retired from work.” A pension is just one way of saving for … [Read more...] about What is a Pension Plan?
ASP: Annuity Service Provider Pension Fund Regulatory and Development Authority (PFRDA) has empaneled the following six IRDA approved life insurance companies for providing annuity services to the subscribers of National Pension System (NPS). 1. Life Insurance Corporation of … [Read more...] about New Pension Scheme (NPS) : Glossary
Annuitant This is a person who receives, or is entitled to, an annuity. Annuity This is a fixed amount of money paid each year until a particular event (such as a death). It might be split into more than one payment, for example monthly payments. Annuity Rate This … [Read more...] about Pension Terms You Must Know
Insurance regulator Insurance Regulatory and Development Authority (IRDA) has asked all insurers, selling pension products, to disclose in the policy document maturity benefits, a move that will make it easier for individuals to opt for the best policy as per their needs. IRDA … [Read more...] about IRDA : Disclose Pension Maturity Benefits Upfront
IDBI Federal Life Insurance has launched single premium pension product 'IDBI Federal Retiresurance Milestone Pension Plan'. Salient features of Retiresurance Milestone Pension Plan 1- Guaranteed Maturity Value 2- Guaranteed Loyalty Additions 3- Guaranteed and Special … [Read more...] about IDBI Federal Life launches 'IDBI Federal Retiresurance Milestone Pension Plan'
IDBI Federal Life Insurance has launched Retiresurance® Guaranteed Pension Plan. IDBI Federal Retiresurance® is a unique retirement plan which comes with the twin benefits of guaranteed accumulation with attractive annuities. IDBI Federal Retiresurance® Guaranteed Pension Plan … [Read more...] about IDBI Federal Life Insurance has launched Retiresurance® Guaranteed Pension Plan
Retirement planning is indeed the most critical part of financial planning, and for those who are not already covered by another pension scheme New Pension System (NPS) is a great option. What is New Pension System (NPS)? The NPS is a new voluntary contributory pension … [Read more...] about New Pension System (NPS), now available on ICICIdirect.com