Pension plans provide financial security as well as gives an opportunity to invest and accumulate savings and get lump sum amount at regular intervals through annuity plan on retirement. Pension reforms to the National pension scheme offers a large variety of investment options to employees. The New Pension Scheme available to all Indian citizens structurally […]
Articles Tagged: Superannuation Scheme
What is the Pension System in India?
Pre-Independence Pension System The British started the pension system in India after the Indian struggle for independence in 1857. This was the reflection of the pension scheme then prevailing in Britain. But the provisions of this system discouraged the employees for creating a financial cover for their post-retirement life. So, confronting to all these problems, […]
What is Group Superannuation Policy? Know about available retirement plans in India
Superannuation Meaning- Superannuation can be defined as the funds which are paid by an employee during his/her employment tenure, and which return as a pension on a regular basis when the person gets retired. Superannuation policy is a form of retirement benefit that employers offer to employees. This may be the result of government mandates […]