Pension (NPS - Non NPS)
Retirement planning is one of the most critical aspects of any financial planning. The National Pension System (NPS) is a government-sponsored savings scheme, designed specifically to help you develop your road to retirement. If you make regular, small contributions during your career you can build up a retirement corpus large enough to pay you a monthly pension income and lump-sum benefits when you retire.
The NPS offers tax benefits, flexible investment options, professional fund management, extra retirement security, and is ideal for long-term wealth creation through consistent contributions.
You can also plan non nps pension via non nps corpus … With difference life insurance companies offer attractive pension plans .. For quotes click on icons or contact us .
Types of NPS Pension
Annuity for Life
- Provides a fixed pension for your lifetime.
- Stops after your death, no benefits to family.
- Best for those seeking maximum regular income.
Annuity with Return of Purchase Price (ROP)
- Gives lifelong pension, and after your death, the purchase price is returned to your nominee.
- Ensures financial support for dependents.
- Popular choice for family security.
Joint Life Annuity
- Pension continues for your lifetime, then to your spouse after your death.
- Stops after the spouse’s demise.
- Ideal for couples wanting long-term security.
Joint Life with ROP
- Pension continues for both you and your spouse.
- After both pass away, purchase price is returned to nominee.
- Balances steady income with family protection.
