Need A Financial Product Forums Insurance What are Pension Plans?

This topic contains 1 reply, has 2 voices, and was last updated by  Nikita Shah 2 years, 3 months ago.

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
  • #47660

    Nikita Shah

    What are Pension Plans?


    Md Ibrahim

    Pension Plans are described as an annuity which is a series of regular payments from an annuity provider (the insurance company) to an individual (called as the annuitant) in return for a lump sum (called the purchase price) or an installment premium that is for a specified number of years. According to the manner in which the purchase price is paid and that the annuities can be either an immediate annuity or can be a deferred annuity and the plans that come under the Pension Plan are namely the Jeevan Akshay – VI and the LIC`s New Jeevan Nidhi.

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.