Features and Benefits of Pension Plans

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Features and Benefits of Pension Plans

Minimum Guarantee:

Every pension plan needs to have a minimum guarantee. As per IRDA guidelines, there should be “non-zero returns” on all premiums or guaranteed maturity benefits. Most insurance companies guarantee a minimum of one percent of total premium over the complete policy term.

Tax Benefits:

The final payout is provided in two ways. 33% of final pay out can be withdrawn in lump sum and is not taxable. However the rest of the amount is taxable.

Compare Best Pension Plans

It is imperative to choose a pension plan which offers the best possible returns. That can only be determined by comparing the different pension plans available in the market. Compare different pension plans and buy the best pension plan today.

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