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    • List of Top 10 Pension Plans in India
    • Brief Description of Top 10 Pension Plans in India
    • Basis For Selection
    • To Sum It Up
    LIC's New Jeevan Shanti
    HDFC Life Click 2 Retire
    SBI Life Saral Retirement Saver
    ICICI Pru Easy Retirement

    This section provides information on the key features of each of the abovementioned Pension Plans. For further details, you can refer to plan brochures on the companies' websites or reach out to us at PolicyX.com. 1. The LIC New Jeevan Shanti Insurance Plan is a non-participatory, non-linked, single premium payment plan that offers the benefit of r...

    The above mentioned Insurers have been selected on the basis of the highest income in terms of Annual New Business Premium. The following table highlights these Insurers and the Premium Income generated by them in FY 2021-22.

    While each plan comes with its own set of benefits, it is important that you identify what your needs are. If you are the sole earning member of your family right now, or you have certain debt obligations to fulfil, or your kids' education to plan, the pension amount should be more than all your potential expenses combined. While Market-Linked Inve...

    • Deferred Annuity. This is a life insurance plan that provides a fixed income at a future date of your choice. This is one of the retirement plansbest suited for salaried individuals as it has flexible premium payment options.
    • Immediate Annuity. Immediate Annuity is one of the basic annuity plans. Among the types of pension plans, this plan suits individuals who can invest a lump-sum amount for a fixed post-retirement income.The contribution made is converted into a guaranteed stream of income for a minimum period of 5 years or a lifetime.
    • National Pension Scheme. The NPS is a scheme introduced by the Central Government for financial security in the future by way of post-retirement income.
    • Public Provident Fund (PPF) This is among the types of pension plans that are most preferred due to their investor-friendly features. It is a long-term investment plan with a tenure of 15 years.
  2. Sep 13, 2022 · The National Pension Scheme (NPS), Employee Provident Fund (EPF), Public Provident Fund (PPF), Annuity plans, and Unit-Linked Insurance Plans (ULIPs) with pension choices are all available in India. Each plan has its unique set of features, benefits, and eligibility requirements.

  3. List of Top 15 Pension Plans in India in 2024. The following table enlists the best investment plans in India for retirement to help you make better retirement planning for a secure future: Plan Name. Type of Plan. Entry Age. Maturity Age. Policy Term. Tax Benefits. Bajaj Allianz LongLife Goal Plan.

  4. Sep 7, 2023 · Types of Pension Plans in India – Explained in detail. It is crucial to understand the different types of pension plans in India to efficiently plan for retirement. Visit HDFC Pension today to know more!

  5. 1. National Pension Scheme (NPS) The National Pension Scheme (NPS) is a voluntary and long-term retirement savings scheme in India, offering a systematic and flexible approach to build a pension corpus. Here are the major features of this scheme: