It is not difficult to understand that the bigger the premium paid today, the bigger will be the corpus created at retirement and bigger will be the pension amount.
A proper planning of pension amount is required to ensure that lifestyle doesn’t fall too much after one stops working.
Guaranteed PensionThe life & savings for Pension Plan
You can get a fixed and steady income after retiring (deferred) or immediately after investing (immediate), based on how you invest.
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Tax-EfficiencyTax Benifit for Pension
Pension plans are entitled to tax exemption specified under Section 80C. If you want to contribute to pension plans.
Do not confuse this with accumulation period. This is the period in which you receive the pension after retiring.