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Please help
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please help
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please help
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To get a pension of Rs. 30,000 per month after 20 years how much money is required to be invested per month? Is there any particular investment option that you advise?
* Facts of the case :
Pension amount : Rs. 30,000 per month (future value)
Tenure of pension : 240 months (after retirement)
Inflation : 6% p.a.
Interest rate after retirement : 8% p.a.
Interest rate before retirement : 12% p.a.
Compounding frequency : 1
Pension required : After 20 years from now
Analysis:
Corpus required : Rs. 60.06 lakh
Investment required per month from today : Rs. 6,591
Tenure : 240 months
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Cash premium acceptance for life insurance premium is restricted to Rs. 50,000/- as per recent IRDA guideline. Individual companies can however, have lower threshold as per their internal policies. All these provisions are based on Anti Money Laundering(AML) Guidelines of the Reserve Bank of India.
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Should I buy a house for investment or put the money in gold? The current stock market doesn’t give good return and is expected to continue the same way. Please tell.
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Fully furnished 1 Br with Dressing room , Living/Dining, Kitchen & Bath with park view
Available for rent till June 30th
10 Minutes walking to the Defence Colony Market ,Cafe Coffee Day ,Nirula's and other Restaurants located at a 5 minutes walking distance .
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Yes, we do provide retirement planning solution.
There are many retirement planning options available in the market from private and public life insurance companies as well as post office and bank schemes. For example senior citizen saving scheme, pension plans from different insurance companies with immediate annuity and deferred annuity facility, PO MIS, PO Time deposit, MF MIS. Optimum allocation to be established for the stated investments and to be reviewed in regular interval of at least 6 months.
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This is an Endowment Assurance plan that provides financial protection against death throughout the term of the plan. Besides payment of Sum Assured immediately on death, one-fourth of Sum Assured is payable at the end of each of last four years of policy term whether the life assured dies or survives the term of the policy.
Premiums are payable yearly, half-yearly, quarterly, monthly or through salary deductions as opted by you throughout the term of the policy or till the earlier death.
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Please explain
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Please help
LIC Pension Plus
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Secondly for my father-in-law (separate policy) aged 55.
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