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How to identify the best pension plan in india
- 2. How to Identify the Best Pension Plan in India
- 3. • This article is specifically addressed to young employees and will not discuss about the immediate annuity plans which are purchased at the beginning of their retired lives. • Pension plans get policyholders a regular income during their post-retirement lives. • No Guarantee Majority of customers focus on best retirement plans instead of concentrating on its suitability. • Avoid this habit because it is beneficial in the long run. • Insurance experts suggest buyers to loot for the entire gamut of investment plans instead of looking for best policies.
- 4. • Charges and Transparency Customers also need to be aware of the structure charges and how their money is being invested in the pension plan they have purchased. • Online comparison of different retirement plans offered by various insurance companies in India gives a far better picture of how they are using investors’ money. • Instead of investing your hard earned money in a plan where risk level is high. • explore some plans which offer guaranteed income and involve low risk level.
- 5. • Those who know the importance of pension plans will surely buy one when they start earning. • Policyholders invest the amount over the span of the employee’s career and then the eventual balance in the account is paid on retirement. • These policies offer asset growth and financially protect better today than in the past. • Manage your income professionally in a stable manner, so that pension plan can make a good difference in the long run. • Use retirement plans to fund your golden years because these insurance products have strength to save, invest and manage investor’s money at any life stage. • [Source: http://blog.policyboss.com/pension-plans/identify-best-pension-plan- india/]