What are the latest Pension Reforms & how can you benefit from them ?

Pension plans provide financial security as well as gives an opportunity to invest and accumulate savings and get lump sum amount at regular intervals through annuity plan on retirement. Pension reform to the National pension scheme offers a large variety of investment options to employees. The New Pension Scheme available to all Indian citizens structurally […]

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What is the Pension System in India?

Pre-Independence Pension System The British started the pension system in India after the Indian struggle for independence in 1857. This was the reflection of the pension scheme then prevailing in Britain. But the provisions of this system discouraged the employees for creating a financial cover for their post-retirement life. So, confronting to all these problems, […]

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What is Superannuation Benefit in India?

Superannuation refers to the retirement benefit offered to the working class. In India, there are two types of superannuation benefits: Defined Benefit Plans: These schemes have a defined benefit which is fixed and known to the employees based on their service, rank and final salary. These are more popular among the employees, since regardless of […]

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