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Pension Plans are Individual Plans that gaze into your future and foresee financial stability during your old age. These Pension Plans are most suited for senior citizens and those planning a secure future, so that you never give up on the best things in life. Your Life is precious and we make efforts to reduce risks in the best manner we can. In many ways, a pension plan is a method in which an employee transfers part of his or her current income stream toward retirement income. Types Of Pension Plans Defined-benefit plans : In a defined-benefit plan, the employer guarantees that the employee will receive a definite amount of benefit upon retirement, regardless of the performance of the underlying investment pool.Defined-contribution plans : In a defined-contribution plan the employer makes predefined contributions for the employee, but the final amount of benefit received by the employee depends on the investment's performance. Benefits Of Pension Plans It allows you to manage your investments as per your risk preferenceYou can opt to invest the Premiums amongst the Funds offered i.e. Pension Debt, Pension Equity or Pension LiquidYou can choose the Life Stage Investment Program which automatically adjusts your Fund allocation to secure your investments as your retirement age approachesIt ensures financial protection and enables maintenance of the same lifestyle even after the unfortunate demise of a loved oneThe beneficiaries can utilize the money to replace the income one would have earned or help pay off debts or other expenses. Download
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