An argument that is often heard against the National Pension Scheme(NPS) is the long lock-in till age of 60 years. Another concern is the accessibility of the corpus in case of early retirement. Subscribers have for long been used to defined benefit scheme like the employee provident fund which gives a fixed return and find …
Gaining from the bullish momentum in the equities market over the past year, pension funds have recorded an average annual return of nearly 30 per cent from their equity investments, per the latest PFRDA data, reported Business Line . This average annual return of 29.35 per cent in equities in the first week of February is more …
ICICI Prudential Life Insurance has recently introduced a new pension product called ICICI Pru Gold Pension Savings. With the aim of helping individuals build a substantial retirement corpus, this tax efficient product allows customers to make systematic contributions. It is the first product in India to offer guaranteed capital safety, complimentary health check-ups, and the …
ICRA Analytics anticipates several potential changes in the upcoming Interim Union Budget for the fiscal year 2025. The Budget will be announced on February 1, 2024. Since the general elections will be held in May, this will be the Interim Budget and a new Budget will be presented in July. Here’s a list of changes …
Recently, when I sat down with Ajit Menon, the CEO of PGIM India Mutual Fund, something he said about retirement nudged me to think more deeply about the inevitable milestone. “Sagneet, we don’t get a conventional loan for retirement. Saving for it from the day we start earning is crucial,” he said. This one sentence, …
Dramatic advances in healthcare have extended the lives of people, predominantly, in developed countries. Without adequate personal savings or pensions, people could easily outlive their retirement funds! In times of economic downturn, people may choose to come out of retirement and re-enter the workforce on a seasonal, part-time or full-time basis to earn income that …
To ensure the continuity of their pension, every year pensioners need to submit their Life Certificate, also known as Jeevan Pramaan Patra. Super senior pensioners i.e. those of 80 years and above can start submitting their Life Certificates now, the process started on October 1. There is a special provision for pensioners aged 80 years …
Las oficinas se localizan dentro del edificio de la Secretaría de Desarrollo Rural (Sader) en Lerdo. La Dirección Regional de Programas de Bienestar Región 02 que atiende al municipio de Gómez Palacio informó que este 25 y 26 septiembre deberán acudir a las oficinas aquellos adultos mayores y personas con discapacidad que aún no cuentan …
The government of India has launched many special pension schemes for senior citizens to provide financial stability and security to them post-retirement. On, World Senior Citizens Day today (August 21), let’s take a look at some of the pension schemes for the elderly people. Atal Pension Yojana (APY) APY is a government-sponsored scheme that was …