Which is best pension plan in India?
We at Scripbox have curated 10 best Retirement Plans available in India for you –
- LIC Jeevan Akshay 6 Pension Plan.
- Jeevan Nidhi Pension Plan of the LIC.
- SBI Life Saral Pension Plan.
- Reliance – Smart Pension Plan.
- HDFC Life – Click to Retire.
- HDFC Life – Assured Pension Plan.
- Bajaj Allianz – Pension Guarantee.
What is the highest pension in India?
Minimum pension presently is Rs. 9000 per month. Maximum limit on pension is 50% of the highest pay in the Government of India (presently Rs….Pensioners’ Portal.
| Qualifying Service | Rate |
|---|---|
| 11 years or more but less than 20 years | 20 times of basic pay |
Does IAS officer get pension after 2004?
No. Not the old pension scheme after 2004. The pension facility for all government employees (except armed forces) has been revamped from 1 Jan 2004. So, IAS officers and other government employees joining after 1 Jan 2004 have to contribute 10% of their salary for the pension and the Govt adds 14% towards it.
What is the current pension rate in India?
It is available to all Indian citizens between the ages of 18 and 65. You can keep contributing till you are 70 years old….6. NPS Rate of Interest for Tier 1 Account.
| Pension Fund Managers | SBI Pension Fund |
|---|---|
| 1-year Returns(%)* | 9.73% |
| 3-year Returns(%)* | 13.49% |
| 5-year Returns(%)* | 11.38% |
Is LIC better than NPS?
The returns in this system are higher compared to the immediate annuity plan. The returns from both the schemes are guaranteed, which means the amount of annuity and for the period mentioned in the scheme are certain. Since the scheme also provides a life (insurance) cover, the returns are lower than that of NPS.