Robinhood Insurance Broker Private Limited

What are the features of Pension Plan?

Some of the features of pension plan are:

  1. Corpus of funds- With pension plans you can build a corpus of funds which can be used to satisfy you financial needs post retirement.
  2. Limited premium payment term- You can pay premiums for a limited term of 5/7 or 10 years based on your requirements.
  3. Life long income- Retirement plans provide lifelong guaranteed income as annuity.
  4. Minimum guarantee: Pension plans offer minimum guaranteed amount. Based on IRDAI guidelines, there should be "on zero returns" on all premiums or guaranteed maturity benefit. Most companies offer a minimum of 1% of total premium over the complete policy term.
  5. Tax benefits: Pension plans are eligible for a tax deduction under sec. 80C.

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Tab 2

2 burgers per month

burger₹ 700
Your yearly cost on fast food = roughly ₹ 8,400
price
Cost of Health Insurance for whole family with ₹ 5 lakhs cover!

Tab 3

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Get ₹. 50 Lakhs
on retirment by saving
₹. 3,900/ Month.

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