National Pension Scheme is a corpus based pension plan for employees. This scheme usually receives contribution from both the employee and the employer to build a corpus. And upon maturity, the corpus will be deposited in an annuity scheme to cover for pension benefits. In … [Read more...] about Corporate National Pension Scheme (NPS) – Who Can Join? Tax Benefits, Contribution Rules & Details
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LIC has recently launched the New Pension Plan to facilitate a pension scheme for those who join. We already know about the existence of NPS (the National Pension Scheme). And, the most common investment option chosen by the majority is PPF (Public Provident Fund). As we … [Read more...] about LIC’s New Pension Plan Vs NPS Vs PPF – A Comparison Of The 3 Schemes | Which Is Best? How To Choose?
Planning for your retirement should start as early as possible. When we hear the word retirement plan, we often connect ourselves to "later". But it is actually just the opposite. The earlier, the better. The Life Insurance Corporation of India has launched a new Pension Plus … [Read more...] about The New Pension Plan By LIC | NPS Alternative? Features, Eligibility, Returns, How To Apply
Fixed deposit (FD) is one of the most common and post popularly sought after investment option by majority of the population. FD is a handy option too when it comes to investing your money long term or short term (you choose this) for a slightly higher interest rate! At the … [Read more...] about Pros and Cons of FD: Is Fixed Deposit Good Or Bad? How It Compares With PPF, NPS? Should You Invest?