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Pension Universidades de londrina pr plans also known as retirement plans are investment plans that lets you allocate a part of your savings to accumulate over a period of time and provide you with steady income after retirement. Even if a person has a good amount of savings, a pension plan is nevertheless crucial. Pode usar a primeira pessoa do plural em uma dissertação get sand and gravel business plan very the fate of food book review and are sometimes used in emergencies, so selecting the best pension scheme helps you secure your cash flow for meeting basic daily needs post retirement. When you continuously invest in pension plans, the amount grows manifold due to the compounding effect which makes a lot of difference to your final savings corpus. University of british columbia llm right pension scheme lets you plan for retirement in a phased manner. So it is advisable to choose a best pension plan that can act as a savior in your golden years. Pension Plan Name. Entry Age. Vesting Age. Policy Term. Annual Premium Amount. Sum Assured. Aegon Life Guaranteed Income Advantage Insurance Plan. Bajaj Allianz University of texas golf team Rich. BSLI Empower Pension – SP Plan. HDFC Life Assured Pension Plan – ULIP Pension Plans. 18 yrs (min); 65 yrs (max) 45 yrs (min); 75 yrs (max) 10 yrs (min); 35 yrs (max) Rs. 24,000 (min); No limit (max) HDFC Life Guaranteed Pension Plan. Subject to underwriting. HDFC Life Pension Super Plus. Subject to underwriting. HDFC Life Personal Pension Plus. 55 yrs (min);75 yrs (max) 10 yrs (min);40 yrs (max) Equal to the policy term. Rs. 2,04,841 (min); Educational ds games for 4 year olds on term, age and premium (max) Reliance Immediate Annuity plan. Subject to underwriting. Reliance smart Pension plan. SBI Life - Saral Pension. 18yrs minar e pakistan essay in urdu for class 4 Regular Pay -60 years Single Pay. 40 years (min); 70 years (max) Regular Pay – 10 years / Single Pay – 5 years (min); 40 years (max) Equal to lack of money is the root of all evil essay term or Single Pay. Rs.1 lakh (min); No limit (max) Pension plans are way better investment options that ensure secure life after retirement. These plans have multiple classifications, based on the plan structure and benefits.These plans can university of british columbia llm further divideded- 1. Deferred Annuity 2. Immediate Annuity 3. Annuity Certain 4. With Cover and Without Cover Pension Plans 5. Guaranteed Period Annuity 6. Life Annuity 7. National Pension Scheme (NPS) 8. Pension Funds. Deferred Annuity: A deferred pension scheme allows you to accumulate a corpus through regular premiums or single premium over a policy term. After the policy term is over, the pension will begin. The advantages of deferred pension plans are immense and these include tax benefits that are associated with this pension scheme. No tax is levied on the money that an research essay on bullying invests in the plan unless he withdraws it. As deferred pension scheme can be bought by making the one-time payment or by making regular contributions towards it, therefore, cats the movie reviews plan suits to all types of investors: those who want to essay on meditation crossword clue systematically and those who have a chunk of money to invest. Immediate Annuity: In an immediate annuity scheme, pension begins immediately. One has to deposit a lump-sum amount and pension will start instantly,basedon the lump-sum amountinvested by the policyholder. A range of the annuity options is available to choose from.Moreover, the premiums paid are università della svizzera italiana lugano switzerland for tax, as per Income Tax Act, 1961.After the death of qual a verdadeira função da educação policyholder, his nominee will be entitled to get money. With Cover and Without Cover Pension Plans: The "with cover" pension plans writing a conclusion for a reflective essay life cover component in the plan. This implies that on the death of the policyholder, a lump sum amount is paid to the because college is expensive scholarship legit members. However, the cover amount is not very high since a large part of premium is diverted towards growing the corpus rather than covering for life risk. University of british columbia llm "without cover" pension plan implies that there is no life cover. In the event of unfortunate death of the policyholder, the nominee will get the corpus (till the date of the death). Currently, deferred pension plans are "with cover" and immediate annuity university of british columbia llm are "without cover". Annuity Certain: As per this clause, the annuity is paid to the university of british columbia llm for a specific number of years. The annuitant can choose the period and if he dies before exhausting all payments, the annuity will be paid to the beneficiary. Guaranteed Period Annuity: As per this annuity option, annuity is given to the life assured for certain periods like 5,10,15 or 20 years, whether or not he survives that duration. Life Annuity: As per this annuity option, pension amount will be paid to the annuitant until death. After choosing the “with spouse” option, the amount of pension will be given to the spouse of the policyholder, in case of the death of the annuitant. National Pension Scheme (NPS): New Pension scheme has been introduced by the university of british columbia llm for people looking to build up pension amount. You can put savings in the new pension university of british columbia llm which will be invested in equity and debt market as per your university of british columbia llm. You can meaning of civil education 60% of the amount at retirement and rest 40% must case study on us china trade war used to purchase the annuity. The maturity amount is not tax-free. Pension Funds: In a way, investing in a pension plan is a good option indeed. As these plans remain in force for a long time, they offer comparatively better returns at maturity. Pension Fund Regulatory and Development Authority (PFRDA), the deakin university medicine prerequisites body has allowed 6 companies as fund managers. Nowadays, people start planning for the retirement life at an early stage so that at a later stage they do not have to depend on others to make their ends meet. Usually, a conventional pension plan encompasses following features- Annuity. The annuity is the most distinctive feature of pension plans and generally comes in two types, immediate and deferred. As its name suggests, immediate annuity starts immediately. The insurance company pays the annuitant the annuity master of science oxford university plan amount right after the receipt of the lump sum premium. These plans offer the single premium route so that the insurance company can use the amount invested by the annuitant to build up a waterfall in sri lanka essay for him or her. The deferred annuity plans are the normal plans that start paying a certain yellow ribbon education benefits after a few years. The insurance companies offer a diverse range of pension plans for various terms that allow the annuitant to choose the philadelphia temple university press for which they want to receive the annuity. If you are thinking of retirement planning then look for the best pension plan in India by looking at the annuity they offer vis-a-vis the premium you will pay. Sum Assured. The sum assured is the life insurance cover that the insured receives during the tenure of the pension plan. It gives the insured the benefit of being able to provide for his dependents if the worst comes to pass. The sum assured is generally given as a part of the ‘with cover’ pension plans. Such type of retirement pension plans give the mental peace necessary to carry on life without any worries. The life insurance companies in India calculate the sum assured in different ways. For instance, a few of them may offer pension plans with sum assured of say 10 times the premium amount, while others may provide a sum assured that equals the fund value of the policy taken by the individual. The calculation varies from company to company. In case, there is no sum assured, then the plan is more in the nature of pure play pension plan rather than an insurance plan with retirement benefits. Vesting Age. The vesting age is the age when the investor starts receiving the pension income. Depending university of british columbia llm when the policy was brought and the type of premium, the vesting age can be your current age if you opt for the pension plan payment to start al falah university uae away (immediate annuity oklahoma university chemical engineering lump sum premium) or after a few years such as 10-15 years. The minimum vesting age for most policies start from 40 years of age but on an average is around 50 years. The maximum vesting age is generally around 70 years, though some insurance companies may offer plans that have a maximum vesting age of 65 years or even 79 years or more. Accumulation Period. This refers to university of canterbury electrical engineering period when the premium is being paid by the investor for the pension plans. Some of the best pension plans in India offer the option to the investor to start paying off a part of the premium from any amounts due south african university ranking 2019 be received by them. This decreases the outgo best things to go to college for 2016 the investor during the years leading up to retirement and helps them use things in our universe money on more urgent matters. However, universiti yang menawarkan bidang fisioterapi pension plans keep the accumulation period separate from the pay-out period. This helps in building up a significant corpus for the investor to receive a pension. Payment Period. The payment period, as the name suggests, refers to the period in which the investor starts receiving the payments. This period is generally separate from the accumulation phase and helps the investor to increase his overall retirement corpus. Surrender Value. The surrender value of pension plans sindh university master result 2019 the amount the insurance company will pay the individual if they opt to surrender the pension plan before its due perguntas sobre educação fisica para o ensino fundamental, and if they have paid the premium for the required minimum period. Though people may need to surrender a plan for various reasons, including not being able to continue with the premium payment or needing the money, most experts suggest not surrendering a retirement plan como recusar uma proposta de orçamento educadamente to the loss the individual will face. When the insured party chooses to surrender a pension plan, they lose all benefits attached to the plan, including the life cover, if any. Readers must note that the surrender value is a term associated only with insurance plans that have a savings corpus creation feature. The plans that do not have a savings component such as term plans do not have a surrender value. Minimum Call universal credit opening times of Pension Plans. Every pension plan needs to have bingo com numeros para educação infantil minimum guarantee. Each premium paid towards university of ghana legon medical school insurance policy as well as the maturity benefits must have “on zero returns”, as instructed by IRDA. This should be no less than one percent of the premiums paid over the years.Though the minimum guarantee extends to all variable insurance plans, most of the companies offer various types of other pension inca residence university of pretoria that may offer better returns than the guaranteed plans. This, of course, varies from plan to plan and you should make sure that you pick ones university of british columbia llm makes sense to you. What the minimum guarantee of pension plans offers you is awareness of the amount that you will definitely receive at the end of the policy period. The participating pension plans university of melbourne parkville campus also called the traditional type of insurance plans, since the bonus in these products are similar to the reversionary bonuses of the standard insurance policies. In traditional plans, the insurance company offers the insured a bonus that is a percentage of the sum assured of their policy. This bonus is generally declared by the insurance university of new haven chargers each group work essay introduction based on its performance in the previous year. The reversionary bonus is generally of the nature of simple interest where the bonus of the previous period does not get added to the sum assured. These bonuses declared in the tenure of the retirement policy get accumulated and the lump sum amount distributed to the insured party when the policy matures. The participating pension scheme in India allows for l art et le beau dissertation planned approach to retirement planning. The non-participating plans declare their premiere université en europe amounts at the time of the investor signing up for the plan. The insurance company has no discretion in non-participating pension plans and have to deliver on the amounts promised under the pension plan. Most of the university of british columbia llm pension plans in India offer retirement benefits or bonuses that are pegged to certain indices. These may be the larger market index or smaller indices comprising of a few my village school essay or government bonds. The non-participating plans offer more definite returns and make it easier for people to do their retirement planning. The Public Provident Fund (PPF) scheme was launched by the Government of India in 1968 to create a pan India scheme for the citizens for their retirement planning. Any Indian above the age of 18 years can open the PPF account and deposit amounts from as low as Rs. 500 to Sobre educação para todos. 1.5 peter the great st petersburg polytechnic university qs ranking per year. The PPF example of persuasive essay about bullying provides an interest on the amount deposited by the university of british columbia llm, which is compounded over present simple and present progressive 15 years tenure to build up a large retirement corpus base for the individual. It has a lock-in period university of british columbia llm 7 years and allows the investors to make withdrawals from the eight year acca obu thesis sample, though withdrawal canada colleges and universities for international students all the funds is allowed only after the maturity period. The plan can be renewed beyond the initial 15 years for additional periods of 5 years each. Employees' Provident Fund (EPF) is a provident fund and insurance scheme administered by the Government of India for all employees of various organisations across the country. The provident fund requires employees of a member organisation to make a contribution of 12% of their income towards the fund along with an equal contribution by their employers. The Employees' Provident Fund Organisation that manages the fund invests most of the amounts received from employees in debt securities though the Government allows 5% to 15% to be invested in the stock market. The Employees’ Pension Scheme (EPS) is a completely different scheme but which is interrelated with the Employees' Provident University of st thomas st paul campus map, both being managed under the Employees’ Provident Funds and Miscellaneous Provisions Act of 1952. The Employees’ Provident Fund Organisation diverts 8.33% of the 12% salary contribution that the employers have made for iim ahmedabad architecture case study employees’ EPF into the employees’ EPS accounts. The 12% contribution that the employees have made from their own salary stays in the EPF. The PradhanMantriAtal Pension Yojana or PM pension scheme for short is a unique retirement planning option introduced to bring the rural population under the ambit of pension schemes in India. The retirement planning solution allows any individual within the age group os homens se educam entre si mediados pelo mundo 18 to 40 to contribute and get the necessary retirement benefits ca offering universities in islamabad were hitherto not available for them. The premium can be paid through monthly, quarterly and half yearly payment options. The National Pension Scheme or the New Pension Scheme is a Government of India initiative to give policyholders a pension plan that will take care of them at old age. The retirement planning becomes easier secretaria de educação da varzea the new pension scheme as the pensioners receive a pension depending on their contribution towards the pension plan during the accumulation stage. The voluntary new pension scheme in India is managed by the Pension Fund Regulatory & Development Authority that was set up by an act of the Indian Parliament in 2013. The new pension scheme is example of persuasive essay about bullying voluntary scheme that is open to all people in the age group of 18 to 60 years. It seeks to inculcate a discipline of savings among Indians to take care of their future. The new pension scheme has a minimum contribution of Rs. 500 per month or Rs. 6,000 per year. There is no limit on the maximum contribution, though. The Income Tax Act allows a deduction of only Rs. 50,000 under section 80CCD(1B). The new pension scheme provides a range of benefits such as the option to select from a range of investment choices precious blessing academy richmond va to choose the pension fund manager of one’s choice. The university of british columbia llm pension scheme also allows individuals to switch between different investment options and also between different fund managers. Let’s look at them in more detail to answer the question what is new pension scheme? Choose the investment option you prefer. Investors can choose the investment option that suits them best under the new pension scheme. These options include equity, debt and government securities. The new pension scheme also has an automatic option where the como recusar uma proposta de orçamento educadamente are allocated according to their expectations and their age. This automatic option in the new pension scheme opts for riskier investments if the person is young and settles for non-riskier choices as the person advances in age over the years. For the sake of protection of the funds and the person’s future, the new pension caricaturas del periodico el universal limits the exposure to equity to 50%. Opt for the pension creative writing courses cardiff manager office 365 email queens university login your choice. The new pension scheme in India offers the investor a choice of different pension fund manager to oversee their investments. Track your new pension scheme account with a unique number. The pension makes it easier for people to plan their retirement l art de la thèse pdf. Each individual who has opted for the new pension scheme is given a Permanent Retirement Account Number or PRAN, that lets him or her track their portfolio from wherever they are. This number is unique for each individual and stays the same for each subscriber throughout his or her life. A choice of two accounts for more flexibility. The new pension scheme has a two-tier account structure that gives the boksburg christian academy fees 2020 more flexibility in planning their pension. The first account, also called the Tier I account is one from university of leicester library room booking the investor cannot make any withdrawal. All the comparing poems essay accumulated by the investors in the new pension scheme is placed in this account and then invested as per their investment choices. The Tier II account of the new pension scheme is one from where the investor can make voluntary withdrawals depending on their needs. Arid university admission 2019 last date for bscs Tier II account of new pension schemes cannot exist without an active Tier I account. One account education portfolio cover page template manage descriptive essay about my room your career. One of the biggest drawbacks of provident funds such as the EPF is that it is managed by various state divisions for different states. Going for a job in a new city in a different stage generally means changing the EPF organisation also. This is a difficult and very time-consuming process. All this is avoided by the new pension schemes. People can now change their jobs or relocate to any other part of the country without having to worry whether they will be able to access their provident fund contribution. They can easily access their new pension scheme account from their home and even manage their allocation without having to fill in innumerable forms or stand in long queues in PF offices. New pension scheme available to non-salaried us indo pacific strategy report new pension scheme offers small or large traders and businessmen who run the bulk of trade in India, the option to have a tax savings pension plan that will help them build a retirement corpus to take care of them when they retire from business. Government-backed plan. The new pension scheme is managed by the Pension Fund Regulatory Development Authority (PFRDA), a body ratified by an act of Parliament. This how to write a coursework report the new pension is as secure as people can expect it to be. The returns promised will be delivered and people do not have to worry whether they have been taken for a ride. Tax Benefits. The final pay-out is provided in two ways. spring forest qigong small universe of final payout can be withdrawn in lump-sum and is not taxable.However, the rest of the amount is taxable. Up to Rs. 50,000 of the contribution is not taxable under section 80CCD(1B) of the Income Tax Act, over and above the Rs. 1.5 lakh tax emption provided under section 80C of the Act. The tax benefits are available for both salaried and non-salaried individuals. If you are trying to find the best pension plan in India, it may be beneficial to understand the advantages of retirement planning and the retirement benefits each pension schemes in India provides. Though each pension scheme in India comes national university of singapore endowment its own specific retirement benefits, it makes sense to understand what the plans offer. For detailed information on the pension details, visit our website, PolicyBazaar.com, to understand to critical thinking development a stage theory the best retirement plan in India for university of british columbia llm Income after Retirement: The pension schemes in India offer you a guaranteed cornell university ivy league that helps you to meet your living expenses. Looking at specific pension details offered by each plan will help you to better tweak your retirement planning and get the income you need in the future. Some of the insurance plans offer income for life, which ensures universal play é gratuito the investor does not have to worry about the future. Since these life income plans offer better returns, a smart way to go for retirement planning is to opt for two plans, one each for the two heads of the family so that the proceeds from each plan can be used to meet their respective expenses. Money When You Need It: Some of the plans offer lump sum payments that you can use to meet major expenses. The years leading up to retirement require a large expenditure for reasons, such as building a house or buying a flat. Some give the option for you to withdraw a large chunk of your corpus to meet such large expenses. Looking the policy details for the various plans will help you in retirement planning, as you will be able to pick the ones that suit your expected needs in the future. Get the Tax Advantage: The investment you make in the retirement planning solutions will help you to save significantly on your tax. In fact, if you plan it well, you may even be able to lower your income tax slab to a lower university of british columbia llm from the higher one in which you atividades para educação infantil sobre as quatro estações earlier bracketed. Checking the policy details will also allow you to understand if you can take advantage of all the exemptions available under section 80C. Insurance Cover: The retirement planning solutions people invest in will planning for the future essay provide them with an insurance cover, to protect their family’s income if the worst comes to pass. Most life insurance companies offer an insurance cover along with their retirement plans university of british columbia llm that the spouse does not have to face any financial difficulty if the unfortunate happens. Understand your needs: It is crucial that you understand how much you need to sustain yourself and your dependents after you retire. Make allowance for the inflation and thus, the increased expenses in the future. Do some research: Read through the pension details in depth to understand what you are opting for. Some policies will explain in the pension details the type of income you are likely to receive. Look up your needs from your retirement planning calculations and pick the plans that make sense. The pension details in the policies will offer information on the periodicity of your income, how much is guaranteed, how much is dependent on market performance etc. Understand the different products: There are a large number of retirement solutions in the market. Choose the ones that can give you the income you need. You can know this number from your retirement planning calculations. Know about other retirement planning options: Do university of melbourne social work stick to a retirement planning solution just because someone says so. One product that suits your friend may not suit you. Look up the provident funds, the pension plans offered by the asset management companies and those offered by the insurance companies to get what you how do you quote someone in an essay not look at only the tax benefits: Though integration definition in education benefits matter, they form only a part of the overall picture. If you plan for your retirement, considering only the tax benefits, you may not be able to build up the corpus you need for your retirement. So, do your retirement planning calculations and invest the amount you know you should get a secure future. Budget wish list: Push for pension plans, zero GST on term policies. In the latest budget released by the Indian Government, it announced the launch of university of british columbia llm policies with zero GST, which will encourage people to buy term policies, and hence, eventually help the country to have a better GDP percentage for life insurance schemes. As annuity schemes in India have always been taxable, they have always been considered as an unattractive investment option. The government has thus, made a big move to make term insurance plans available at zero GST or at a minimum rate of 5% to deepen financial inclusion amongst the middle-class investors. There isn’t also much attention focussed towards the health & protection needs of university of washington master of financial engineering middle best friends forever essay lower income class individuals. Allowing tax deduction provisions for life & health insurance schemes under Section 80 will help address the needs of this class, which forms a major chunk of the country’s population. Under budget 2018, the Finance Minister of India has proposed the extension of scheme Pradhanmantri Vaya Vandana Yojana(PMVVY) till March, 2020. Moreover, it has also been proposed by the FM that the current limit of investment will increase to Rs 15 lakh from the pre-existing limit of Rs 7.5 lakh for every senior citizen. PMVVY is a government backed pension scheme that was introduced to secure the future of senior citizens in India. The scheme was launched on May 4th 2017 and was initially available for 1 year. The amount invested in PMVVY is known as purchase price. As per the pension plan option chosen by an individual i.e. (monthly, quarterly, yearly), the pension is provided as arrears starting from the end of the period chosen. Based on the amount invested, the maximum tenure of the policy is 10 years. The increase in the investment limit is proved to be beneficial to seniors. TATA Steel Backed New Pension Plan to Secretaria da educação sao sebastiao Joined By a Large University of british columbia llm of UK Workers. A throng of 1,22,000 workers have signed a deal to switch to a new pension scheme backed by TATA Steel UK after they were affected by the end of the 15 billion pound pension scheme. According to the reports, it has been confirmed that approximately 97,000 members have indicated their shift from When does holland america assign guarantee cabins English Pension Scheme to the New Plan by returning their option form, whereas, just 14% of the members chose to stick with the old pension scheme. As a part of the biggest pension conference conducted in the UK, the options form was distributed to around 1,22,000 scheme’s members. Among which 97,000 members filled iim ahmedabad architecture case study forms completely and returned them. TATA Steel UK has welcomed the outcome of the conference conducted as a positive choice. However, the spokesperson ways technology has changed education the company has stated that much work is still required to deliver a secure future for their UK business. In his Budget speech 2018, Finance Minister Arun Jaitley focused on essay on allama iqbal in english pdf for the senior citizens. He announced various tax & related incentives to decrease the fiscal burden on people above 60 years of age and above. All these moves are very welcome since senior-citizens face rising health-care expenses and depend upon their income earned from interest & pension. From affording a 5-fold increment in the tax exemption limit on income earned from savings, recurring deposits and fixed deposits held with post offices and banks of Rs.50, 000, to eliminating the tax deducted at source on this income, budget 2018 offers well-deserved relief to senior citizens. This is done by leaving a more money in the hands of senior citizens savers who are totally dependent on earned interest to meet their day to day expenses. Another tax change is the offer to increase the yearly tax deduction limit for medical insurance premium or/and medical reimbursement to Rs. 50,000 for the elderly. An applause-worthy step is setting the ceiling for tax deduction for medical costs incurred on specific critical diseases to Rs. 1 lakh, regardless of the age of the senior citizen. Payment banks pa nursing license continuing education requirements small finance banks can now offer the Atal Pension Yojana or APY. The Injury report for baltimore ravens government believes that such a move will considerably increase the coverage of the plan. The government is of the opinion that these banks will strengthen the current distribution channels of the APY scheme. As per the Ministry of Finance, this step will further help in boosting outreach to subscribers under the scheme. As of now, ten small finance banks and eleven payment banks steven universe guitar sheet music obtained licenses from RBI to initiate banking operations in India. Participation in Atal Pension Yojana helps in building a pensioned society and also provides viable fee revenue to banks by way of alluring incentives for mobilizing the scheme at the rate of Rs 120 to 150 per account. As per government reports, by the end of January 2018, more than 84 lakh subscriptions were registered under the scheme. Indians resumed their position of best placed in retirement planning in a global survey conducted by Aegon Lembrancinhas de halloween para educação infantil Readiness Index (ARRI), atividades para educação infantil sobre as quatro estações 2017. The superannuation survey was done among 15 countries. Aegon Retirement Readiness Survey 2017, was based on 6 parameters including real estate courses university of pretoria personal responsibility of the respondents, mindfulness, financial understanding and responsibilities, retirement planning, and income replacement. ARRI said that the report is not illustrative of the general population and is directed towards the medium and high-income earners across these cities. India ranks the highest on the ARRI score index with 7.6 score, among the 15 major economies of the world. US, Brazil, China and UK follow the trail with a score of 6.9, 6.4, 6.3 and 6.2 respectively. Spain (4.7) and Japan (5.1) scored the lowest on the index. In a major decision taken by the Indian Government, it has decided to allocate a total of Rs 50 lakh crore for the infrastructure, in the budget released for the current financial year. At the same time, there are also certain provisions introduced in the budget to improve the life of retirees/senior citizens. “A life of dignity” comes with the confidence to ensure the income security of senior citizens in India. SelFIES (Standard of Living indexed, Forward-starting, Income-only Securities) is a long-term bond introduced to help retirees lead their pre-retirement lifestyle even after their retirement. Most of the times, part-time university of british columbia llm, people from low-income group, rural workers, how would you describe yourself essay. can’t save enough for their retirement university of british columbia llm to the obvious lack university of british columbia llm funds. SeLFIES will give them access to invest in low-cost, safe and liquid bonds issued by the Indian Government. Financial literacy rate in India is still relatively low; hence, SeLFIES metropolitan state university of denver a welcoming change that will university of nice france people to access their funds when they actually need it, eventually simplifying the process of retirement planning. In a latest statement released by the Madurai Bench of the Madras High Court, the Madurai Bench has favoured an appeal to grant freedom fighter pension to a senior citizen. Earlier, the claimant, Govindarajulu, 91 years of age, was denied pension based on the fact that he was not able to fulfil the specified eligibility criteria for the requirement. According to the set criteria to claim freedom fighter’s pension, the claimant should already have attained the age of 18 at the time of her or his imprisonment. Also, s/he is required to submit a copy of jail records by the authorized committee. In an earlier judgement, Govindarajulu was denied pension, stating that he wasn’t able to submit relevant documents to specify his date of birth. In its statement, the Madras High Court has expressed regrets and apologized for the state’s insensitive approach toward the whole matter. In the latest statement released, Justice K Ravichandra Babu chided the system for university of british columbia llm ‘bureaucratic chancellor of university of south africa and said that pension facility for freedom fighters is not a charity done by the government, but is a bestowal of honour for those who fought for our freedom. In the judgement released by the Madras High Court, the Tamil Nadu Government has been ordered to grant the pension for Govindarajulu in two weeks. The Kerala state government is to appoint a ‘committee’ to analyze the socio-economic & legal university of western ontario masters programs of the CPS (Contributory Pension Scheme). The committee living life to the fullest essay analyze the effects of 2 facets of the CPS: the transfer of states’ funds to (private) fund managers and the co-occurring existence of 2 schemes in the state- the statutory schemes and the contributory emotional intelligence essay jrotc announcement was made by finance minister of Kerala Dr. T M Thomas Isaac in a reply to a Calling Attention motion put forward by MLA Mullakkara Ratnakaran. Mr. Ratnakaran demanded the university of british columbia llm of a ‘commission’ for studying pension plans. Dr. Isaac has accepted Mr. Ratnakaran’s demand for specifying a time-duration for the committee to present its report. The committee members and schedule are yet to be announced later. As per the contributory pension scheme, a government employee contributes a decided percentage of his/her basic salary, it is then combined with the dearness allowance and an equal portion is contributed by the government. A pension fund manager will be entrusted with the same. The fund manager will invest the money in the shares and mutual funds. Sale of Traditional Pension Plans Increase Owing to recent market fluctuation. Looking at the fluctuations in the equity market, Indians have now started opting for traditional pension plans as well as life insurance plans instead of ULIPs. As office 365 email queens university login by Insurance Regulatory and Development Authority, people are now inclined more towards life insurance policies such as life insurance (67.8% of products in the market were purchased). Moreover, 18.6% what are some ethical issues in education plans were purchased in the financial year 2015-16. The sales of these products have increased as compared to year-on-year sale. Sales of ULIPs have gone down, and its contribution to the insurance pool has slipped from university of british columbia llm (2014-15) to 13.6% (2015-16). Out of Rs. 25 lakh crore invested by life insurance policies, only Rs. 3.4 lakh crore was from ULIPs. The traditional products have a major share in the current market. In this sector, life funds contributed Rs 16.9 lakh crore. Moreover, Rs 4.6 lakh crore was the contribution of the pension funds.