Dear Nilesh,



You could choose to take a deferred annuity now or alternately take an instant pension with lump sum investment when you wish to start your annuity.



There are 2 types of Pension Plans- traditional and unit linked. Some good pension plans that you can consider are:



Traditional- Max New... Read More>>

Dear Vishal,

Since you are only 28 years old, you have quite a long period for accumulating your pension corpus. However, before you choose a pension plan you need to decide how much pension you would need when you are 50 years old, i.e. 22 years later. If you need Rs 20,000 per month, then you would... Read More>>

Dear Krishna,



You can surely consider AEGON Religare Guaranteed Income Plan, Bajaj Allianz Pension Guarantee Plan, etc. as they are guaranteed returns pension plans.



However, if you need pension after 15/20 years, you need to plan the same from now by investing little by little so as to build up the... Read More>>

Dear Paresh,



If you need pension of Rs 30,000 after 24 years, i.e. Rs 3,60,000 p.a. Then even at a high pension rate of 8% p.a. you need to build a corpus of Rs 45 lacs



8% of Rs 45 lacs = Rs 3,60,000.



Thus, you need to pay premium of minimum Rs 1.5 lacs p.a. for 24 years so that you accumulate Rs 36... Read More>>

If you need a pension of Rs 25,000 after 10 years, i.e. an Annual Pension of Rs 3,00,000, then even at a high pension rate of 10% you must have a minimum corpus of Rs 30 lacs. That’s because 10% of Rs 30,00,000 = Rs 300,000. Now you need to start investing money regularly so that in 10 years your... Read More>>

Dear Chanchal,



To receive Rs 30,000 per month pension, i.e. Annual Pension of Rs 3,60,000 after 27 years you need a corpus of Rs  36 lakhs even if I calculate at a high Pension rate of say 10%.



i.e. 10% of Rs 36,00,000= Rs 3,60,000



Thus, you need to pay a cumulative premium of at least Rs 27 lakhs,... Read More>>

Dear Amit,



Since you need a pension plan for 25 years it is quite a longish kind of tenure. Thus, Rs 40,000 p.m. pension means Rs 4,80,000 Annual Pension. Thus, even at a high pension rate of 10%, you need to have a corpus of Rs 48 lakhs



10% of Rs 48,00,000= 4,80,000.



However, the rate of pension would... Read More>>

Dear Manian,



If you need pension of Rs 30,000 after 10 years, i.e. an Annual Pension of Rs 3,60,000, then even at a high pension rate of 10% you must have a minimum corpus of Rs 36 lacs.



10% of Rs 36,00,000 = Rs 360000



Thus you need to build a corpus of at least Rs 25 lacs so that it grows to Rs 36... Read More>>

Dear Lalitha Hariraj,



It is very difficult to state the exact amount that you get as pension because it depends on the rate of pension at that time and the type of pension you choose among the usual 5 or 6 types of pension available in the market.



You are planning to purchase a Pension Plan of Rs 2000... Read More>>

Dear Nadaraj. S,



Since you are looking for a Pension Plan for 12 years tenure where you need Rs 20,000 monthly pension, i.e. Rs 2,40,000 annual pension.



Thus, in 12 years, you need to have a corpus of Rs 30 lakhs, if the rate of pension is 8%. Thus, you need to build a corpus of Rs 2.5 lakhs per... Read More>>