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Pension Plans

Pension plans are also popularly known as retirement plans. Under the same you can use a part of your current savings to secure your post-retirement life. Some people think that they have enough savings for their retirement, but it is a fact that savings get exhausted quickly, so with the help of the best pension plan you can safeguard your post-retirement life easily. Appropriate pension plans allow you to enjoy your post-retirement life in a systematic way without any tension. That's why it is important to have a pension plan that will act as a savior in your golden years.

Other than your private home and your car, retirement investment might be the most important fund you'll ever create. Although retirement funding looks like a problem, especially if your retirement date is not very far off. As retired life normally forms the one-third part of your life, it is essential to plan for it. Even apparently small investments now can make a large difference in your coming life. So, it is never late to begin planning for your retirement and it is well worth spending some time to do your personal research and finding out the related details.

In different manners, the pension plan is basically a procedure in which a working person or an employee transfers a part of his /her salary or income towards the retirement benefits. A pension plan is basically a tool that offers complete safety at the time of post-retirement. There are several issues that help in understanding the importance of holding a pension plan, such as rising health care cost, the rise in life expectancy rate and social security system among others. A pension plan completely safeguards your post retirement phase easily.

Types Of Pension Plans

A retirement plan is a crucial investment, considering the prevailing inflation rates. Retirement plans vary in terms of their advantages they offer. In India, there are several forms of pension plan available like a deferred annuity, life annuity, immediate annuity, and much more. However, Deferred Annuity Plans and Immediate Annuity Plan are the most common plants that usually people look for.

There are some pans also available in which, the funds would be invested in the form of debt or equity by the insurance company. In such type of plans, the return depends on the market situation. Widely, pension plans can be further divided into:

Deferred Annuity

IA deferred pension scheme allows you to accumulate a corpus through normal charges or single premium over a policy term. After the coverage term is over, pension will start. The advantages of deferred pension plans are huge and include tax benefits which can be associated with this pension scheme. No tax is levied on the cash that a man or woman invests inside the plan except when he withdraws it. As a deferred pension scheme may be sold through one-time fee or by way of making regular contributions towards it, consequently, the plan suits all sorts of buyers: individuals who need to make investments systematically and people who have a bit of cash to make investments.

Immediate Annuity

Under an annuity scheme, pension starts right away. One has to deposit a lump sum quantity and pension will begin immediately primarily based on the lump-sum quantity, the policyholder will invest in winning annuity costs. You could choose your annuity from distinctive annuity payout options. Moreover, you may enjoy tax benefits on the premiums paid as per Indian Tax law. After the loss of life of a policyholder, his nominee is entitled to get money.

Annuity certain

As consistent with this clause, annuity is paid to the annuitant for the specific time period. The annuitant can choose the length and if he dies earlier than the payment term ends, all payments, annuity might be paid to beneficiary.

Guaranteed Annuity

: As in line with this annuity choice, annuity is given for regular intervals like 5,10,15 or twenty years, whether or not or not he survives that length.

Life Annuity

As consistent with this annuity alternative, pension amount can be paid to the annuitant till demise. If annuitant chooses "with partner" alternative, then after the demise of annuitant, pension can be paid to the partner.

National Pension Scheme (NPS)

National Pension scheme has been developed by the government for people ooking to build up pensionamount. NPS is transparent and cost effective wherein the pension contributions are invested in the pension fund schemes. You may withdraw 60% of quantity at retirement and relaxation 40% must be used to buy annuity. The maturity amount isn't taxable.

Pension funds

Pension funds are an awesome way to build up a corpus amount. Pension price range are meant for long term and as a result, they pay out better. Pension Fund Regulatory and Development Authority (PFRDA) has allowed 6 corporations as fund managers.

Features of Pension Plan

Guaranteed Pension/Income

On getting retired, you will get a fixed and steady income or immediately after investing. It completely depends upon how much you invest. It makes sure that you are living a financially independent life. You can use a calculator to have a rough estimate of the income that you will require monthly during post-retirement days.

Tax efficiency

Pension plans are liable to get tax benefits under section 80C. If you want to contribute to pension plans, the Indian Income Tax Act, 1961, offers significant tax respite under Chapter VI-A. Section 80C, 80CCC and 80CCD specify them in detail. For example, Atal Pension Yojana (APY) and National Pension Scheme (NPS) are subject to tax deduction under 80CCD.

Top Features Of Pension Plan

Liquidity

A pension plan is basically a product related to low liquidity, But there are a few companies that offer pension funds and allow you to withdraw even at the accumulation stage. So in case of shortage of funds that also allow you to withdraw during the accumulation stage. In such cases, you will have the required fall back on during an emergency without having to rely on bank loans or borrow from other people.

Vesting Age

It is the age when you start having the monthly pension. For example, many pension plans keep the minimum vesting 40 or 50. It is flexible up to age 70, though a few companies also allow the vesting age to be up to 90.

Accumulation Duration

In pension plans, the investor allows paying premium regularly or once in this period. It is the time when wealth accumulates to build a sizable corpus which will be a combination of investment and gains. For example, if you start the investment at the age of 30 and continue the same till 60 years. The accumulation period will be around 30 years. The pension plan for this period eventually comes from this corpus.

Payment Period

Do not mix this with accumulation period. This is the time when you receive the pension after getting retired. For example, if one receives the pension from the age 60 to age 75, the payment period will be of around 15 years. Most of the funds keep this separate from the accumulation period, though some funds allow partial/full withdrawals during accumulation periods too.

Surrender value

It is not good to surrender one's pension plan before maturity even after paying the required minimum premium. This results in the investor losing every benefit of the plan including the assured sum and life insurance cover.

Reasons to Invest in Pension Plan

Retirement phase refers to be the new chapter of life. It is basically a conversion from work life towards relaxation. It is a time frame, in which the retired person will be able to enjoy his personal life which was missing during his/her working days. Life begins at retirement"- it is completely a true statement,However, for enjoying your retirement phase to the fullest you might have to rely on someone.

It is completely difficult to rely on others for your personal needs. If you don't want to rely on others for your needs during post-retirement phase, then you must start planning for it from today itself. You have to plan everything in advance to be on the safer side.

Retirement planning includes a pension plan, yes retirement planning is incomplete without a pension plan. Pension plan is basically a concept of safeguarding your post retirement phase. You have to put some of your savings in a pension plan to have a secure post retirement life. With it you will be financially strong and ready to deal with different situation of growing age.

Financial Security

Financial security relies on how much a person invest and how efficiently he/she did so. Investments would help in building a corpus that assists in generating a large cash reserve. It helps in providing a financial security to the family.

Prepared For Emergencies

A medical emergency can cause a financial crisis. An unforeseen medical emergency can disturb you financially and mentally as well. Investment helps you in creating a financial cushion for your family. It will help you in dealing with all the unwanted situations that can leave a bad impact on your financial and emotional status.

Assist In Achieving Financial Goals

Purchasing a house, car, marriage or something thing that requires lots of funds to be done. It is really hard to fulfill all the financial goals in today's world where the expenses are more than income. With the help of the goal oriented investment plan, you can achieve your financial goals easily.

Wealth Creation

In order to create wealth you require investment options that act as a factor of growth to your money There are several options that assist you in building your wealth over an investment horizon.

Research On Fund Manager

Inflation: Inflation ruins your savings completely. With every passing year, prices keep increasing. Investments assist you in protecting your capital against price rise. A good way to beat inflation is to invest your money efficiently in an option that provides good returns that are higher than the rate of inflation.

Factors You Must Check While Purchasing Pension Plan

  1. Select from among the best pension plans which suit your requirement by comparing various policies or schemes.

  2. It is advisable for you to check if the plan provides required coverage or not. In case of death, the insurer will hand over the amount to the beneficiary and nominee as per stated in the policy document. You must check this feature as well. The beneficiary receives only the net amount of due premiums and expenses.

  3. Check the reviews of plans offered by your insurance company

  4. The traditional pension plan invests some amount of premium in the government securities and bonds hence they yield low returns. Whereas investing in a ULIP pension policy provides high returns.

  5. You must invest in a ULIP pension plan after checking the various charges that are included in it in the form of fund management, allocation charges, etc.

  6. Check the fees and deductions that may be applicable to the surrendering system. Basically, it takes place when you surrender the plan before the maturity time in case of emergencies.

  7. Consider the tax benefits provisions in the pension plan under section 80CCC.

The government has taken some considerable initiatives for promoting old age income security, like New Pension Scheme, Pension Yojana and among others.

It is vital that individuals estimate the benefits of pension plans from the point of view of retirement benefit and should invest in it an early stage. The earlier you buy the pension plan the better will be the benefits at the maturity of the policy.

In India, there are a number of life insurance companies available who have a long list of pension plans. You must compare them properly to get the most suitable plan out of these. From the point of view of better stability, most people go for ULIP plans as they combine basic insurance plan with a pension plan, child plan and much more. A pension plan, when taken at the right time can prove to be your best friend during old age.

Top Govt Pension Schemes

Public provident fund

The PPF(Public Provident Fund) Scheme, 1968 is a tax-free savings avenue that was introduced by the Ministry of Finance (MoF) in India in the year 1968. The interest that you earned from PPF is not taxable. The money that you invested in PPF claims for tax deductions. It makes it one of the best saving solution. It was launched with the aim of encouraging savings among Indians and especially for creating a retirement corpus.

National Pension Scheme

The National Pension Scheme (NPS) is basically a contribution scheme which is launched by the Indian government that offers a complete variety of investment that are open to employees. It helps individuals in making the right decision. The main aim of this scheme is to lower the liabilities of the Indian government to ensure that the citizens can get a stable income during post-retirement days along with decent returns.

The NPS was launched on the 1st of January 2004 that aimed at individuals newly employed with the central government, but not including ones in the armed forces. From the year 2009 however, the NPS was made open to every Indian citizen between the age of 18 and 60.

Unique Permanent Retirement Account Numbers were provided to each subscriber under the NPS Scheme. Subscribers are also allocated two accounts, which they can access at any time.

Atal Pension Yojana

For the motivation of workers in the unorganized sector and to save for their retirement, the government of India has announced the launch of a new scheme which is known as Atal Pension Yojana in June 2015. The finance minister of India, Mr. Arun Jaitely has announced the launch of this effective plan in the budget.

The scheme replaced the old UPA government's Swavalamban Yojana - NPS Lite and will be administered by the Pension Fund Regulatory and Development Authority (PFRDA). The advantages of this scheme is the fixed pension that will be provided by the government and under the same, the government will make contribution on the behalf of its subscribers as well.

Under this scheme, a person will receive a minimum fixed pension of Rs. 1,000 per month and in multiples of Rs. 1,000 per month thereafter, up to a maximum of Rs. 5,000 per month, depending on the subscriber's contribution, which itself would vary on the age of joining this scheme.

Top Pension Plans by Private companies

SBI Life - Annuity Plus

Under this plan, you can choose the annuity option. Its benefits are

  • Regular income starting from age 40.

  • Annuity pay-out for a lifetime for you and your family.

  • You will be allowed to change the frequency of the pay-outs.

  • Options of adding a rider, SBI Life- Accidental Death Benefit Rider.

  • You get the following options: Single Life annuity, Lifetime income with Balance Capital Refund, Lifetime income with an Annual increase of 3-5%, lifetime income for 5, 10, 15 or 20 years, Two Lives' Life Annuity.

  • Avail tax benefits as per the tax laws prevailing in India.

ICICI Pru Immediate Annuity

Under the same, you have to make one-time payment or you can go with the option of 5 pay-out option. You get 4 modes of pay-out i.e. monthly, quarterly, half-yearly or yearly. The payout options are as follows:

Annuity for life

  • Annuity for life with return of purchase price.

  • Joint life, last survivor without purchase price return.

  • Joint life, last survivor with purchase price return.

  • Guaranteed annuity for 5, 10 or 15 years.

  • HDFC Life New Immediate Annuity Plan

  • Income for as long and you and your spouse lives.

  • Select from the wide variety of annuity options.

  • Select the frequency of annuity.

  • Death benefit on certain annuity options is payable.

  • Tax benefits

Reliance Immediate Annuity Plan

It is a single premium plan. You can avail the following benefits from this plan:

  • Earnings can be converted to regular income.

  • Get regular income for your entire life.

  • Allow you to leave some funds for your dependents.

  • Receive tax benefits as per tax laws prevailing in India.

BSLI Immediate Annuity Plan

You can avail the following benefits with this plan:

  • You can get regular income in your retirement.

  • You can choose the frequency of the pay-out.

  • You need not have to undergo a medical test to avail this policy.

  • You can enjoy tax benefits under Section 80CCC of the Income Tax Act, 1961.

How To Choose Pension or Retirement Plan?

Think of the scenario after your retirement. Would you want to be dependent on others for your living at the old age? If not, then you should planfor your retirement today itself. Pension Plans essentially help you invest your savings so that it can be used after your retirement. Government of India has pension schemes for its employees, but there is no such provision in private sectors. If you're not a government employee then Pension Plans by the insurance companies are designed for you.

There are various companies offering Pension Plans in India and you should choose the plan as per your needs & requirements. We, at PolicyX.com, make you understand your present requirement and enable you to foresee your future needs and provide you a comparison of a number of pension schemes available in India from the leading brands such as Max Life, HDFC Life, Bajaj Allianz, etc.

Pension Plan About the plan Entry Age Policy Term Sum Assured
LIC Jeevan Nidhi Plan A deferred annuity plan which provides additional bonus, it offers multiple pension options. Bonus is accrued after the 6th year, with the premium paid eligible for tax exemption under the Income Tax Act.
  • Minimum: 20 years
  • Maximum: 58 years (regular premium), 60 years (single premium)
  • Minimum: 5 years
  • Maximum: 35 years
  • Minimum: Rs.1 lakh (regular premium), Rs.1.5 lakh (single premium)
SBI Life Saral Pension Plan A plan which offers guaranteed bonus ranging between 2.50% and 2.75%, it also provides an option for life cover through riders.
  • Minimum: 18 years
  • Maximum: 60 years (regular premium), 65 years (single premium)
  • Minimum: 5 years (single premium) 10 years (regular premium)
  • 10 years (regular premium) Maximum: 40 years
  • Minimum: Rs.1 lakh
  • Maximum: No upper limit
HDFC Life - Click2Retire Plan An online pension plan which secures the retirement of an individual through assured vesting benefit. Being a unit linked plan it invests in funds which meet certain growth requirements
  • Minimum: 18 years
  • Maximum: 65 years
  • Minimum: 10 years
  • Maximum: 35 years
  • Based on premium
LIC Jeevan Akshay VI Plan An immediate annuity plan which provides pension immediately after paying the single premium.
  • Minimum: 30 years
  • Maximum: 85 years
  • NA
  • Based on premium
ICICI Pru-Easy Retirement Plan A unit linked plan which provides an assured benefit to help meet financial requirements after retirement.
  • Minimum: 35 years
  • Maximum: 70 years
  • Minimum: 10 years
  • Maximum: 30 years
  • Based on premium
Reliance Smart Pension Plan This is a non-participating unit linked plan which offers a regular source of income after an individual retires.
  • NA
  • Minimum: 10 years
  • Maximum: 30 years
  • Based on premium

Importance of Pension Plans

Income Source

When you stop earning after the retirement, pension plan acts as your source of income

Independence

You don't need to depend on anyone else for your survival when you'll be getting a fixed income after the retirement.

Benefit to dependants

In case of any unfortunate event, your nominee (dependent) can get the sum assured on maturity

Tax Benefits

You can avail the tax deduction for contribution to Pension fund to the extent of Rs. 1,00,000 under section 80C of Income tax Act.

Riders (Additional Benefits) That You Can Avail With Pension Plans!

It might be possible that a basic pension plan would not be sufficient for all your important needs. There will be chances when you need additional benefits along with your basic regular pension plan. These additional benefits are offered by insurance providers at some additional premium cost and are known as Riders.

Here are the types of riders you can choose with your pension plan:

Accidental Disability Rider

This is the effective rider that will be available at a lower premium. The younger you are the lower will be the premium. It is a fact that young people are likely to die and considered to be less risky as compared to others.

Critical Illness Benefit Rider

It is one of the best and most important riders as it is related to the beneficiary in case he is diagnosed with a critical illness. The amount is equal to the rider sum assured. Usually, insurance providers stipulate an upper limit to it.

There is a catch here. If the policyholder claims this rider along with critical illness rider, the insurance company may not provide against hospital cash and only pay against critical illness rider. In such case, the further additional premiums for hospital cash rider are waived off.

Riders always strengthen your basic pension plan. Make sure you choose your riders as per your significant individual needs.

How To Use Your Retirement Plan

More frequently than not we're informed to revel in the moment. Its important to do so and all of us like to dissipate on an occasional ride, a vehicle, an digital device, etc. We adore to make the most of what we've and spend on matters we adore. Along with the prevailing fees, there is no damage in saving up a few money to spend within the future too. Numerous insurance companies, nowadays, offer pension plans that help individuals plan a at ease tomorrow. Every plan come with specific capabilities that you can pick out primarily based to your necessities, earnings and age.

Making plans for your retirement isn't any rocket science. All you need is a plan and some financial assistance.

Invest in a pension plan today: Making an early begin will help individuals experience greater benefits, thanks to the strength of compounding. A man or woman who purchases a 35-year pension plan at the age of 25 will most actually have a larger retirement corpus than a man or woman who purchases a 25-year plan at the age of 35. This is so because of the obvious fact that finances collect on account that it's far compounded at a positive rate of interest each year. The distinction may be determined not simplest in plans that range by means of 10 coverage years as stated above but as many as 5 years too. So, go and purchase a pension plan today if you want to have a peaceful tomorrow.

Chalk out a plan: You could purchase a retirement plan based totally on the way you dream of spending your post-retirement lifes. If you want to live in cozy area and go on a journey as soon as a year, you should make a economic plan based on such ideas. You may additionally need to think about your daily costs and expenditures of a established partner too. Other than those, you need to ideally set apart a certain sum for medical emergencies.

Seek for help from a monetary professional: After you've got planned the way you need to spend your twilight years, you should contact a financial professional to help you select the best pension plan primarily based at the inputs given by you. Even as you make the plan as to how exactly you desire to live your post reti the financial professional will translate them to numbers. he'll narrow down on a few pension plans and post retirement years. You to shop for a plan that satisfactory fits your requirement and is inexpensive in terms of your present-day income.

Assessment your pension plan every so often: It does not end at simply buying a pension policy. which will ensure one's investments will supply suitable returns, it's critical to renew the same regularly. You should take help of a fianancial expert to help you out with this as properly. When you have selected a ULIP (Unit related insurance plan), the expert will make certain that your investments are performing nicely. If now not, he will transfer the fund type or allocate small sums in 2-3 one of a kind fund sorts. Additionally, he can make sure changes based in your plan, if any, to your retirement years.

Keep away from spending your financial savings: It is critical to put restriction with regards to spending cash which you have invested for the future. Whilst certain pension plans have the option of availing loans, avoid doing so except truely important. If you face an emergency, withdraw the amount you require only after making sure you've exhausted all different alternatives. As long as you keep away from touching your pension budget, you'll most simply reap saving up large cash that you can experience in the future.

Through making the proper plan and purchasing the quality pension plan, you're positive to steer a glad post-retirement life while not having to worry about making ends meet or letting pass of factors you dream to do.

Eligibility criteria for Pension Plans

Many pension plans carry strict eligibility criteria, with insurance providers concentrating on three main aspects when it comes to pension plans:

  • Entry Age - A person can invest in a pension plan after attaining a certain age. Certain insurance company offer plans whose minimum entry age is as low as 18 years, while others ask for individuals to be over the age of 30 years in order to purchase them. Similarly, there is an upper limit on the entry age as well, with this being around 70 years in most cases.

  • Vesting age - This is the age at which one starts receiving pension. This could range from a minimum of 40 years onwards, depending on the conditions in place.

  • Premium - The pension one receives depends on the premium they pay. Most insurers have minimum premium requirements for the pension plans.

Pension Plan Riders

It is possible to rasie the level of protection provided by a pension plan by choosing additional riders. Listed below are some of the popular riders which can be availed in the country.

  • Accidental death/disability rider - It offers additional sum assured in caes of death of policyholder's because of an accident. It also provides financial support if the insured individual becomes disabled while the plan is in force.

  • Critical illness rider - It offers protection against critical illnesses. The number of illnesses covered by the rider depend on the insurer. The insured will receive financial aid if he/she is diagnosed with a terminal illness while the policy is active.

  • Term rider - Opting for this rider ensures that the nominee receives a death benefit after the insured passes away. It essentially transforms a normal pension plan into a life insurance plus pension plan.

  • Waiver of premium rider - Under this rider, future premiums are waived if the insured meets with an event which leads to disability, resulting in loss of income. It is also valid if the insured is diagnosed with an illness post which premium payments are waived.

Documents Required To Buy Pension Plan

  • Age proof - Birth Certificate, 10th or 12th mark sheet, Driving License, Passport, Voter ID, etc.(Any one)

  • Identity proof- Driving License, Passport, Voter ID, PAN Card, Aadhar Card, which proves ones citizenship

  • Address proof- Electricity Bill, Telephone Bill, Ration Card, Driving License, Passport, should clearly mention the permanent address

  • Income Proof- income proof specifying the income of the person buying the insurance

  • Proposal Form- duly filled in proposal form is required

  • Medical Tests- Some companies may require medical check-up in order to make sure that the insured does not suffer from any chronic illness.

Participating and Non-Participating Pension Plans

A participating pension plan refers to the plan udnerwhich the policygolder receives bonus component in addition to the regular sum assured. It can be in the form of a reversionary bonus, which is at the discretion of the company. The basic concept of the plan is to participates in the profits of the fund in which the money is invested. The insurance company has the discretion to supplement the sum assured with any bonus in these plans.

non-participating pension plan idoes not accrue any reversionary bonus, with all benefits clearly stated to the policyholder. It does not partake in any profits earned by the fund.

Why Choose PolicyX for Best Retirement Plan in India?

PolicyX.com is an online insurance web aggregator that helps you in finding the best pension plan for yourself. It is an IRDA approved portal thus and hence is reliable. There are several benefits that this portal offers starting from free quotes, comparison charges, videos, cash flow charts and effective information that helps you in choosing the best.

PolicyX.com is an IRDA registered portal and follows the guidelines for accurate and reliable services. Comparison of Pension plan is completely free of cost at PolicyX and it-

  • Offers instant pension plans quotes from leading insurance companies in India

  • Allows you to purchase pension plan in a few minutes by filling up an online form

Buying Process

  • Hassle free place that assist you in buying the desired plan

  • It will save your time and money as well

  • Simple process, just enter some basic requirements and details to find the best insurance plan

  • Compare plans provided by top insurance companies through PolicyX.com

  • Choose a plan that suits your requirements.

  • Fill the proposal form that requires some basic information.

  • Upload your documents online. Make the payment through selected mode

Latest Pension Plan News

Linking Of Aadhaar With Insurance Policy Is Mandatory, Says IRDA

Monday November 13, 2017

On Wednesday, 8th Nov 2017, the Insurance Regulatory And Development Authority Of India (IRDA) said that the linking of Aadhar number with insurance plans is compulsory and asked insurance companies to implement the statutory norms.

 “The Authority clarifies that, linkage of Aadhaar number to insurance policies is mandatory under the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017,” the IRDA said.

In the last June, the government of India had informed about the Prevention of Money Laundering (Maintenance of Records) Second Amendment Rules, 2017, making Aaadhar and PAN/Form 60 compulsory for getting financial services that include insurance also and asked policyholders and companies for linking the existing policies with the same.

In a discussion with all life and general insurance companies, IRDA said the rules have “statutory force” and they have to implement the rule without waiting for the further instructions.

Right now, there are 24 life insurers and 33 general insurance companies operating in the country.

Although, there are no deadlines that have been given by IRDA for the completion of the process, as per the circular, it has to be done as soon as possible. Some insurance companies also said that this can also result in the delay of payout in a few cases. Aadhaar is now also compulsory for financial transactions of Rs 50,000 and above. Likewise, one has to link one’s Aadhaar number with the mobile number latest by February 6, 2018.

Chandigarh: Pension Scheme For Scribes

Monday February 15, 2016

On Sunday, Capt Amrinder Singh, Punjab Congress president promised to offer Family Health insurance and dignified pension for the journalists in the event of Congress forming the Government in the State.

He has declared that when Congress forms the Government in 2017, it will provide health and life insurance plan to them and their families.

This would offer cover for illness and death for all the journalists, along with their dependent family members, working with a range of news organizations, including newspapers, magazines, news channels and news portals, Capt Amarinder added.

According to him, after the age of sixty, all the journalists who have put in 20 years of service while working as journalists will be free to receive family pension that will be substantial and reasonable to sustain their lives.

Capt Amarinder said that the scheme of registration and accreditation will also be simplified.

“Whosoever starts working as a professional journalist or photojournalist should get the accreditation automatically without any screening or any other cumbersome process”, he said.

He said, he will make sure that from 2017 onwards, each journalist after the age of 60 has a regular income so that he or she does not have to be dependent  on others or compromise on his/her self respect.

Monday November 30, -0001

Customer Reviews

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Rohit, Chadigarh
- Reviewed On 07-01-2018
"helps determine monthly investment"

Helps determine monthly amount you need to invest towards retirment plan

Kritik Nuval, Delhi
- Reviewed On 08-01-2018
"Income requirement calculator"

Helps you calculate your income requirement post your retirement

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