Pension Plans

Am planning to invest in a pension plan
can you please come out with best plans available in market with the details.

Hi,

I am IC for Bajaj Allianz.
It has two plans on offer unit linked (regular premium / single premium)
and endowment.

It would not be possible to accomodate all the details here. Could you please provide your emaid so that i can send you the details.

Thanks & Regards

Thanks for ur response.
Sorry but I'm not interested in Bajaj Allianz.
I read the user reviews at http://www.mouthshut.com/product-reviews/Bajaj_Allianz_General_Insurance-925011870.html and it was shocking.

okay. was just trying to help you

Dear Friend,

You can opt for the ULIP from LIC. It is quiet good. No Hidden Cost. Otherwise, You can choose the SIP option so that your amount will go. On the date of your choice, the entire amount can be converted into a Single Premium pension policy. Now, in the industry LIC is offereing the Highest yield and once the pension started, it is assured throughout your life. After your life, the nominee can get the purchase price for the pension policy.

I am not a marketing person of LIC. Pls contact any of the LIC Branch Officials for further information.

I would like to add to what Vishnudev has stated. Carefully see details of ULIPS.They will have hefty admin charges, entry loads etc. Ultimately all these promise a lumpsum at the end of the period on which you can have to take a view whether to withdraw the amount or allow the entity to give you a pension.
I would suggest that that you a have mix of fixed deposits/recurring deposits,PPF, and some selected balanced mutual funds (growth option) like HDFC Prudential, Magnum balanced, Tata Balanced, DSPML TIGER etc
on longterm basis. Following an SIP is the way. By this you will achieve better yield than all these ULIPs. At the end of the period you can invest in any instrument to give you a steady stream of income. So far as the insurance component of ULIP is concened it is better to take a separate pure insurance policy depending on your need / fears.
You should also do a google on the shortcomings of ULIPs to know the details.

Hi,

I am a software professional and doing part time as a LIC agent. I can suggest you the best financial plan with LIC. Contact : [email protected]

Pension plans also known as retirement plan that provides you money in old age after your retirement. Yes you are planning to invest in pension plan so this good for you. Compare the various life insurance companies pension plans online and you can choose a batter plans for you.