TestenGOLD- Free

NPS: Annuity plan without return of purchase price maximises payout
Financial Express Ahmedabad|December 16, 2024
Go for joint life plan if you have dependent spouse
- SAIKAT NEOGI
NPS: Annuity plan without return of purchase price maximises payout

NATIONAL PENSION SYSTEM (NPS) investors need to choose the annuity plan wisely as the interest rate is fixed for life. In case the pensioner's children are financially well-settled, he can opt for non-return of purchase price to benefit from maximum payout. For those looking to leave a legacy, joint life return of purchase price option is ideal.

In NPS, at the time of maturity the subscriber has to buy annuity for at least 40% of the corpus. The annuity returns will vary depending on the type of annuity plan opted by the investor, yield offered by the life insurance company and the frequency of the payout - monthly, quarterly, half-yearly or annual.

Diese Geschichte stammt aus der December 16, 2024-Ausgabe von Financial Express Ahmedabad.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

NPS: Annuity plan without return of purchase price maximises payout
Gold Icon

Diese Geschichte stammt aus der December 16, 2024-Ausgabe von Financial Express Ahmedabad.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS FINANCIAL EXPRESS AHMEDABADAlle anzeigen
Financial Express Ahmedabad

Chants meet chatbots at this year's Maha Kumbh

SADHUS DONNING SUNGLASSES and sneakers at the Maha Kumbh will also be chatting with an AI bot this year, to know something as mundane as what time the morning snan will be, or where the nearest toilet is.

time-read
2 Minuten  |
January 10, 2025
Financial Express Ahmedabad

Trump tariffs: Auto suppliers rethink production plans

Trump has vowed to impose a blanket tariff of 10% on global imports into the US and a 60% tariff on Chinese goods

time-read
1 min  |
January 10, 2025
Financial Express Ahmedabad

Premium online video market to double by 2028: Report

INDIA'S PREMIUM ONLINE video market, valued at $1.7 billion in 2023, is projected to nearly double by 2028, solidifying its position as one of the fastest-growing over-the-top (OTT) markets globally, according to the Asia Video Industry Report 2025.

time-read
1 min  |
January 10, 2025
Financial Express Ahmedabad

Meta's fact-checking snub in US alarms India

AS META ANNOUNCED the end of its third-party fact-check programme in the US, a move that is being seen as the company reorienting itself for the new Trump era, a palpable sense of panic has gripped fact-checkers in India.

time-read
1 min  |
January 10, 2025
Financial Express Ahmedabad

RBI governor seeks to improve forecasting

Two of the sources Reuters spoke to said the RBI would look to increase datasets required to gauge trends in income and expenditure better.

time-read
1 min  |
January 10, 2025
Financial Express Ahmedabad

Simplified income tax law in Budget session likely

Similar attempts in the past to simplify the I-T law, most notable being the Direct Taxes Code drafted in 2009 by the UPA govt

time-read
1 min  |
January 10, 2025
Financial Express Ahmedabad

TCS profit rises 4% in Q3

AMONG VERTICALS, ENERGY, resources and utilities grew by 3.4%, and consumer business gained 1.1%. The key segment - banking, financial services and insurance (BFSI) - reported a modest sequential growth of 0.9%, compared to 0.1% in Q2.

time-read
2 Minuten  |
January 10, 2025
Financial Express Ahmedabad

Taliban urges India to ease visa process

First High-Level Meet

time-read
1 min  |
January 10, 2025
Financial Express Ahmedabad

Hush money: Court rejects Trump bid to delay sentencing

NEW YORK'S TOP court rejected on Thursday Donald Trump's request to halt the president-elect's sentencing for his conviction on criminal charges stemming from hush money paid to a porn star, with a decision on a possible delay now in the hands of the President-elect.

time-read
1 min  |
January 10, 2025
Financial Express Ahmedabad

Hollywood Hills burn as big blaze engulfs LA

THE HOLLYWOOD HILLS blazed uncontrollably on Thursday morning as the worst wildfires in the history of Los Angeles raged across the city and deep into the storied heartland of the American film industry.

time-read
1 min  |
January 10, 2025

Wir verwenden Cookies, um unsere Dienste bereitzustellen und zu verbessern. Durch die Nutzung unserer Website stimmen Sie zu, dass die Cookies gesetzt werden. Learn more