LIC launched its new pension plan LIC New Jeevan Shanti on 21st October 2020. It is a single premium, deferred pension plan. The pension rates are guaranteed at the time of buying itself. Few days back, LIC launched Jeevan Akshay VII, an immediate annuity plan (LIC...
How to create ONE CRORE Rupees from EPF? Sounds interesting right? Let us see whether it is possible or not as EPF Is the most ignored investment for many salaried. Many of us know the power of compounding and also the majority of the salaried are EPF members....
Due to the falling interest rate, the risk involved in equity, and debt space, many senior citizen investors are now in a huge problem to generate a decent return for their survival. What are the best investment options for senior citizens in 2020 to generate regular...
Pradhan Mantri Vaya Vandana Yojana (PMVVY) 2020 - 2023 now came up with five major changes. Pradhan Mantri Vaya Vandana Yojana (PMVVY) is now extended up to 31st March 2023. However, the Government changed certain rules with respect to PMVVY. What are those important...
Post Budget 2020, what are the NPS Tax Benefits 2020 under Sec.80CCD(1), 80CCD(2) and 80CCD(1B) and especially if you opted the new tax regime? Let us understand the changes in detail. All of you know that during the Budget 2020, the Government introduced the new tax...
Have you gone through the Average Life Expectancy in India 2019? Many of us feel why it is required to us? But it is one of the important numbers when we do retirement planning. # Can you believe few thousand years back, the average life expectancy of humans was...
Prime Minister Mr.Narendra Modi today launched a pension scheme called National Pension Scheme for Traders and Self Employed Persons Yojana. This particular NPS is meant for traders and Self Employed Persons. It is I think in line with APY (Atal Pension Yojana) which...
When we do the planning, the biggest priority is, of course, Retirement Planning. However, there are certain instances where you are FORCED towards your retirement. How well are you prepared for such unplanned retirement? The psychology of the common people is that...
Pradhan Mantri Shram Yogi Maan-Dhan a Rs.3,000 monthly pension scheme will be launched from 15th February 2019. Let us see its features and eligibility. You may be aware that during the Budget 2019, Finance Ministry announced this Pradhan Mantri Shram Yogi Maan-Dhan....
Do you know the changed NPS Tax Benefits 2019? How NPS will be taxed under different IT Sections like Sec.80CCD(1), 80CCD(2) and 80CCD(1B)? NOTE:-Refer the latest post with respect to NPS Tax Benefits 2020 after the recent changes in Budget 2020-"NPS Tax Benefits...
Recently LIC launched one more pension plan called Jeevan Shanti. However, what is the difference between LIC's Jeevan Shanti Vs Jeevan Akshay VI? Because both are LIC's pension plans. But meant for the different purpose. Hence, let us understand the differences....
LIC Jeevan Shanti is a new single premium guaranteed pension plan which is launching on 12th September 2018. It offers the guaranteed pension with options like an immediate pension or deferred pension. You may be aware that LIC's Jeevan Akshay VI also offers the...