Topic: How to plan for retirment and which is best for low risk?? ULIP, Pension plan and PPF?

This message was edited 1 time. Last update was at 14/01/2010 14:20:25

Can anybody tell me how a pension plan works? I have following question about pension plan can anybody please answer them. I have done some calculation please check the same. My age is 25 and I want my pension to be started when I will be 50.

Let’s assume that I deposit 20,000 Rs Per Annum in a PPF and the rate of interest is assumed as 6% on PPF for next 25 years (i.e. till I am 50) then the total amount at end of 25 Yrs (i.e. at my age 50) will be Rs 11, 63,128

My questions are as follows:-
1). Why should I go for pension plan instead of going to PPF? What are the benefits of pension plan over PPF investment?
2). my pension starts at the age of 50 and suppose I live till 90 (touch wood) then will the pension plan provide me pension for 40 Years (i.e. Starting from 50 till I am 90 Yrs old)?
3). Will there be life cover in pension plan or are there any pension plans with life cover?
4). can I withdraw the whole amount at 50? If yes then how much amount will I get back?
5). what is your personal suggestion shall I go for pension plan or PPF or is there any other safe way of investment which has minimum risk or no risk?

Please help me as I don’t have any one who can help me and there is no other way that I will get feedback from experts or experienced people like you.

Best way Go for LIC insurance plan because ur now age of earning, Plan for future like ur marriage expense, Home, Car, Children education after 50 or on 50 think out for LIC pension plan. rght now go for some benefecial policy from LIC. or mail me for detail

U can go for Jeevan saral (LIC policy name).. I did policy of 75000/- per year on this scheme.. dont think me as LIC agent

. am a it professional... at age 29 and trying to save my money as much i can

Also u can think for Kishan Bikash Patra... It returns double in 8 yr 7 months..

a small tips : go for 5000/- KVP every month for 8 yr 7 months.. from 8 yr 8th month u will start getting 10000/- .. every month.... Now you can go for next 8 yr 7 months or moreover... calculate and proceed ...

Regards,

SD
Kolkata

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