ADAG group company Reliance Life Insurance on Tuesday launched a traditional investment plan that provides life protection and regular savings with yearly guaranteed investment returns.
"The Reliance Life Traditional Investment Insurance Plan combines life protection and regular savings with full intelligibility and flexibility features and advance guaranteed returns," Reliance Life Insurance President Malay Ghosh said in a statement.
He said, it is in row with the company's strategy to continue a robust portfolio of traditional plans and to offer best-in-class products to its customers.
The new scheme is a regular premium plan contribution guaranteed investment returns, which are confirmed at the beginning of every financial year during the product term, he said, adding up that the accumulation rate for the 2010-11 financial year is 7.75(%) percent.
He added, the minimum guaranteed growth rate will not be less than the savings bank deposit interest rate as declared by the Reserve Bank.
The plan is available to children aged less than 30 days and senior citizens aged up to 70 years, with monthly, quarterly, half-yearly and yearly payment option available.
Besides the maturity and tax benefits, the plan also offers a health-related cover, which will pay a lump sum to the customer for as many as 33 particular surgeries.
Know more about investment plan. Click here
Unit linked Pension Plan
LIC Pension Plan
ICICI Pension Plan
Wednesday, May 26, 2010
Monday, May 24, 2010
Plan for retirement as early as doable
It is very important to think about and pension plan for life after retirement. Individuals should start planning for their retirement fund as early as possible. Investing early gives time to your investments to produce by way of compounding. Also, one can invest in instruments with a higher risk-return percentage.
Considering factors such as increase in average natural life, financial commitments, higher cost of living, higher cost of medicine, opposition, nuclear families etc, it becomes yet more important to start early so that you become totally independent in your golden years.
Although it is important that one should start retirement planning as early as possible, there is no hard and fast rule on when one should start. The point is that you should not delay it without cause. Those who have not yet thought about retirement planning can start from these days.
Some feel that retirement planning is important after the middle age, say around 40 years. In fact, pension planning at a later age becomes difficult as there won't be much time to construct and develop a good corpus to sustain a high standard of retired life. But, it's better to plan now even if you could not start early sufficient.
More Information about retirement plan. Click here
LIC pension Plan
ICICI Pension Plan
Considering factors such as increase in average natural life, financial commitments, higher cost of living, higher cost of medicine, opposition, nuclear families etc, it becomes yet more important to start early so that you become totally independent in your golden years.
Although it is important that one should start retirement planning as early as possible, there is no hard and fast rule on when one should start. The point is that you should not delay it without cause. Those who have not yet thought about retirement planning can start from these days.
Some feel that retirement planning is important after the middle age, say around 40 years. In fact, pension planning at a later age becomes difficult as there won't be much time to construct and develop a good corpus to sustain a high standard of retired life. But, it's better to plan now even if you could not start early sufficient.
More Information about retirement plan. Click here
LIC pension Plan
ICICI Pension Plan
Friday, May 21, 2010
HC directs LIC to improve pension
Rajasthan High Court today directed the Life Insurance Corporation (LIC) of India to execute a decision by its board to revise the pension and DA payable to its retired employees in peace with successive revisons of the payscales of its in-service staff since 1986.
A single judge bench of Justice Munishwar Nath Bhandari of the high court asked the LIC to take instant steps for accomplishment of a 2001 resolution of its board by which it had decided to revise the pension and DA of its retired employees equivalent to the revisions of the payscales of its in-service staff hat took place in 1986, 1993, 1997 and 2002.
The court's order came on the petition of Krishan Murari Lal Asthan, the General Secretary of the Retired Employees Federation Association of LIC.
For More Information about Insurance Policy
LIC Pension Plan
A single judge bench of Justice Munishwar Nath Bhandari of the high court asked the LIC to take instant steps for accomplishment of a 2001 resolution of its board by which it had decided to revise the pension and DA of its retired employees equivalent to the revisions of the payscales of its in-service staff hat took place in 1986, 1993, 1997 and 2002.
The court's order came on the petition of Krishan Murari Lal Asthan, the General Secretary of the Retired Employees Federation Association of LIC.
For More Information about Insurance Policy
LIC Pension Plan
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