Pension Funds In India

Pension Plans & IRDA ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Pension :- What is PENSION ,[object Object],[object Object],[object Object],[object Object]

Why one should go for Pension PENSION ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

DIFFERENT KINDS OF PENSION POLICIES ,[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],TRADITIONAL POLICIES

UNIT LINKED POLICIES ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

LIFE COVER OPTIONS AVAILABLE ,[object Object],[object Object],[object Object],[object Object]

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How do I receive annuity payments? Purchase Price = Sum assured+bonuses +additions (if any) Individual receives pension for 5,10,15,20 years, irrespective of whether alive or not. In case of death in those years- Nominees Contract closes. Major plus point: Continues receiving if alive - ANNUITY GUARANTEED FOR CERTAIN PERIODS Individual receives pension as long as he is alive ---- increases every year @3%p.a simple interest rate. - INCREASING ANNUITY Individual Spouse Individual  Spouse  Nominees JOINT LIFE/ LAST SURVIVOR Individual Individual  Nominees LIFETIME ANNUITY WITHOUT Purchase Price WITH Purchase Price Type of annuity

Elements of Importance for Pension Plans ,[object Object],[object Object],[object Object],[object Object],[object Object]

How to go about Pension Plans : Don’t let a miscalculation ruin your retirement STEP 1 : Estimate total annual expenses on retirement Food, Entertainment, Healthcare, Housing, Transportation, Insurance etc. STEP 2 : Estimate realistic inflation, spending pattern and life expectancy. STEP 3 : Estimate Retirement Needs considering Rate of Return & Amt. of Saving.

Questionnaire while taking up Pension Policy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

POINTS TO BE CONSIDERED WHILE CHOOSING A PENSION PLAN ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],POINTS TO BE CONSIDERED WHILE CHOOSING A PENSION PLAN Traditional Unit Linked Unit Linked Product Type 10% 1 st yr. 3% 2 nd yr Hence. 20% 1 st yr. 7.5% 2 nd yr. 4% 3 rd Hence. 8% One Time Initial Year Charges Regular Regular Single Premiums Best Years Life Time Super Pension Life Link Super Pension Product Name ING Vysya ICICI ICICI Insurance Co. 0.75 0 Debt 1.25 20-40 Balanced 1.0 10-20 Secure 1.25 40-60 Growth 1.5 0 Protector 2.25 0-40 Balancer Equity Maximiser Fund Type 1.5 2.25 FMC (% p.a.) 90-100 75-100 Equity Exposure (%) New Future Perfect Life Time Super Pension Product Name ING Vysya ICICI Insurance Co.

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],POINTS TO BE CONSIDERED WHILE CHOOSING A PENSION PLAN

INSURANCE REGULATORY & DEVELOPMENT AUTHORITY ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Pension Funds In India

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Pension Funds In India