National Pension System or New Pension Scheme (NPS) is a predefined contributory pension system which was introduced by the government of India in January 2004. This NPS scheme was primarily meant for the Govt. employees only. Before 2004, NPS used to be a defined benefit plan, …
What is Retirement Planning and retirement corpus meaning? If we analyse India’s current demographic conditions in 2018, we would find that 41.08% of the total population belongs to 25 to 54 Years age bracket i.e. around 52.65 Crores people and 17.90% of the population belongs to …
What are Immediate Annuity and Deferred Annuity- Facts you need to know with various examples Before, jumping into the detail discussion first you should know what is annuity. Then I will discuss on Immediate Annuity and Deferred Annuity plans. ⇒What is Annuity? Annuity is popularly known …