Best Retirement Plan in India
Best Way To Live A Financially Healthy Life- Retirement Plan Have you heard the phrase" When you retire as a Rich Man, then heaven sets your bed every night"? It cannot be told wrong because a financially stable person faces fewer problems compared to people who had only relied upon pension policies. It is said the earlier you start investing, the better it is. Do you know what a retirement plan is? A retirement plan is an insurance policy that requires your financial contributions to some funds that are set for your post-retirement years. Types of Retirement Plans Serval types of pension plans available in India: Deferred Annuity - This pension scheme allows the policyholder to invest a lump sum amount of money through annual/monthly premium plans over a fixed tenure. Immediate Annuity- In this type of pension scheme, the pension starts quickly. It begins as soon as one deposits the first premium. The amount spent is also exempted from taxation under the Income Tax Act, 19