Pension Plans Service in Mumbai

NPS INVESTMENT---   The National Pension System (NPS) is a retirement savings plan that allows individuals to contribute to their pension account while they are working. The goal is to build a pension fund that can provide a regular income after retirement.    Here are some things to know about NPS:    Eligibility NPS is available to all Indian citizens between the ages of 18 and 70, including those living abroad. It is mandatory for Central Government employees who started working on or after January 1, 2004, with some exceptions. Many State Governments have also adopted NPS for their employees.    Contributions Individuals can contribute to their NPS account, and their employer can also contribute on their behalf.    Account opening When an individual opens an NPS account, they receive a unique Permanent Retirement Account Number (PRAN).    Withdrawals Individuals can make partial withdrawals from their NPS account up to three times during the account's lifetime. They can withdraw up to 25% of their contributions at any time, excluding employer contributions.    Phased withdrawals Subscribers can choose to withdraw their lump sum amount in phases over a period from age 60 to 75.    Tax efficiency NPS is a tax-efficient way to save for retirement.    Risk tolerance NPS may be a good option for people who are willing to take moderate risks and seek higher returns.

Pension Plans, Term Insurance Plans, Smart Wealth Advantage Growth Pla

Pension Plans Services, Life Insurance Services, Health Insurance Service

Pension Plans, Vehicle Insuranc

Pension Plan

Jeevan Akshay Vi, Pension Plan Agen

Pension Plan, Money Back Plan, Term Assurance Plan

• Guaranteed Bonus: Guaranteed simple reversionary Bonuses for first 5 years; @ 2.50% for first three years and @2.75% for the next two years, of the Sum Assured. Guaranteed bonus will be applicable only to in-force policies. • Vesting (Maturity) benefit: Sum Assured plus vested simple reversionary bonuses plus terminal bonus, if any. The sum assured carries an implicit guaranteed interest rate of at least 0.25% p.a. compounding annually on the total premiums. • Death Benefit: Higher of total premiums paid accumulated at an interest rate of 0.25% p.a. compounded annually plus vested reversionary bonus plus terminal bonuses, if any or 105% of total premiums paid. • Life Cover: Option of additional life cover through SBI Life - Preferred Term Rider (UIN: 111B014V02). • On Vesting, you can buy immediate annuity from your entire proceeds or commute upto one-third of the policy proceeds and buy annuity with the rest. • Flexibility: You can defer the vesting date upto age of 70 years or extend the accumulation deferment* period of your policy * If age at vesting is below 55 years.