This article is specifically addressed to young employees and will not discuss about the immediate annuity plans which are purchased at the beginning of their retired lives. • Pension plans get policyholders a regular income during their post-retirement lives. • No Guarantee Majority of customers focus on best retirement plans instead of concentrating on its suitability. • Avoid this habit because it is beneficial in the long run. • Insurance experts suggest buyers to loot for the entire gamut of investment plans instead of looking for best policies.
Charges and Transparency Customers also need to be aware of the structure charges and how their money is being invested in the pension plan they have purchased. • Online comparison of different retirement plans offered by various insurance companies in India gives a far better picture of how they are using investors’ money. • Instead of investing your hard earned money in a plan where risk level is high. • explore some plans which offer guaranteed income and involve low risk level.
Those who know the importance of pension plans will surely buy one when they start earning. • Policyholders invest the amount over the span of the employee’s career and then the eventual balance in the account is paid on retirement. • These policies offer asset growth and financially protect better today than in the past. • Manage your income professionally in a stable manner, so that pension plan can make a good difference in the long run. • Use retirement plans to fund your golden years because these insurance products have strength to save, invest and manage investor’s money at any life stage. • [Source: http://blog.policyboss.com/pension-plans/identify-best-pension-plan-india/]
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