@EveryPaisaMatters Informative video on Pension plans, I think to get more pension buy pension plan when interest rates at top(difficult to time the rates at top). Other option is one can put money in FD or high return financial instruments for 10 years and after 10 years put amount in pension plan with immediate option. My calculation shows if you put 5090000 in FD with 7.5% for 10 years, the maturity amount will be 1.12 Cr, which if put in immediate option pension plan will get around 60K pension instead 52K . Just thought to ask does it have any risks/pit falls, if in case please throw some light...thank you
SBI LIFE & HDFC LIFE Which one is the Best for Future ? In SBI Life smart annuity plus or SBI Life smart platina plus & In HDFC Guaranteed Pension plan or HDFC life guaranteed income insurance plan ?
This is just my personal opinion: I looked at all these plans before and I feel all these plans offer poor returns, and the purchase amount also gets locked for life as well. Alternately, I feel that RBI 7 year floating rate bonds (8.05% currently), Post office MIS (7.4%) and Post office 5 year FD (7.5%) are much better, and you get the amount back as well after the investment duration. And...if one is 60+ after the investment period is over for the above, then there are even better options anyway.
So, not every plan is fit for everyone. Which is where thought needs to be given for the right fit. POMIS and POTD have linited maximum investment period and so what if interest rates go down at the time of renewal. (For reference around 2 decades back we had interest rates of 12-14%) as well. I am not suggesting one should take this but having an annuity pla in addition to other income streams is a recommendation. Always do need basis analysis before investing.
Even after 2 decades govt pension schemes rate of interest would be more than all these pension plans at that time and as far as possible money should not be locked for whole life.
@@EveryPaisaMatters Comparatively, annuity is never a good option, unless the interest rate offered is significantly better than the other options around you, especially because the amount gets blocked for life. Govt plans are always likely to be much better. Interest is higher and safety is maximum. Even during covid, govt did not allow ppf and rbi floating rate bond interest rates to drop below 7. Even Post office fds remained significantly higher than bank fds and other private offerings during this phase. Additionally, after 60, there are much better options for senior citizens like scss. So, one can easily switch.
If you understand how Annuity Plans work, they will NEVER offer returns better than the other similar products. And you may then need to ask the question - Why are banks giving FD for 7.5% only for 10 years to Senior Citizens and not for 25-30 Years? Blank comparison with Fixed Deposit or other Debt Instruments is not right since each product is focused towards different individual. Few years back, some of my dad's friends took Annuity plans which were giving Pension at 12% while ongoing FD rates were 14%. While those who took Bank FD laughed at them for throwing money for 2% less, we can all see who is having the last laugh today. You are only seeing from a short term perspective. We never know what will happen 30 years down the line. I may be wrong or I may be right - Time will tell.
hi i just want to know if insurance company close or bank corrupts, what will happen to the amount we invest. example in the banks we have up to 5 lank coved by rbi, what about pension plans thanks
All these pension plans, endowment plans, ULIPS are worthless. There are government investment schemes which are far better than these schemes even after 2 decades.
SCSS and other govt schemes (Monthly income post office, kishan vikas patra, etc) will provide more that 7% returns with 100% corpus return. So compared to them annuity schemes are less attractive. But sometimes this annuity schemes become mandatory if you receive retirement corpus from NPS. That's where such videos are very helpful.
it is no return it is called Annuity Ratio ie in case of Deferrd Annuity they say for 10 Lacs premium and deferred for 10 years if they give Rs 1.4 Lacs as an annuity they say it as 14% but IRR is much less (around 6-7%) as we are not getting anything for 10 years deferred period. So don't get fooled by the agent's mention of 14% return
Deff.plan ke badle 50lkh. Aap 10 yrs. Lumsump or sip plan kisi equity investment plan me invest kare aapko 12to16persentage ka returns mil hi jayega. Aapko 1.55 cr.kamsecom return to jarur milega phir aap iis rakam ka istemal kisi mis plan + pension plan kharide. Aap ko aur jyada returns milega.
Very useful. Many thanks. However, in the summary tables of Immediate Annuity, Single and Joint are reversed? Joint is showing higher pension than Single.
Nice comparision on various Pension Plans available in the market , but there is no mention about the Tax Benefits for the purchase amount ,Annuity Received and ROP
I have covered the same over many of my videos. Impossible to cover all aspect in one video. Be a subscriber and regular viewer to learn about all aspects.
Sie sir 10/20 ka banae 50 hamari heseat nae he🙏🏻🙏🏻🙏🏻 or ye 10 sal waiting he karna he to ese early mod pe le jese ek sath 15 lakh k jagah 1 lakh 15 sal k lea taki usi k intrest se pream bar jae or last me passe bache
Hi Sir, thanks for all your informative videos content on financial literature. I have a question right now I'm 36 age, and I have 50 L corpus, so do you recommend investing in mutual funds or PMS or buying Deferred Annuity for guaranteed returns after 10 years
May you please share the Excel with the entry age of 40 with regular premium payment for 10 years and annuity starting at 50 means the deferred for 10 years.
Lic has best plan along with trust and guaranteed of your money with returns from govt of India. Pls refer to article no. 37 that assures public money if they invest with lic of India... Jeevan Shanti has best returns for those who want guaranteed regular returns for lifetime without any worry😊
*निवेश करें रु - 12 लाख* *प्रति माह पेंशन - 7200 रुपये* *कार्यकाल - 20 वर्ष* *अंतिम मूल्य प्राप्त करें - 32 लाख* Mutual fund......please consider and suggest to all. That is the best option
@@EveryPaisaMatters No.....for example one time investment in HDFC Balance advantage fund then select SWP (systematic withdrawal plan). You can get monthly income.
@EveryPaisaMatters Sir, I retired during Feb this year (60 years)and have consented for higher pension along with 2 Ex Employer organizations. Upon receipt of EPFO orders, may I consult with you whether it would be prudent to opt for the same considering the pro rata computation as explained in your last video whereby i would get around Rs25,000 lessPM than expected 😀
@EveryPaisaMatters Informative video on Pension plans, I think to get more pension buy pension plan when interest rates at top(difficult to time the rates at top).
Other option is one can put money in FD or high return financial instruments for 10 years and after 10 years put amount in pension plan with immediate option. My calculation shows if you put 5090000 in FD with 7.5% for 10 years, the maturity amount will be 1.12 Cr, which if put in immediate option pension plan will get around 60K pension instead 52K . Just thought to ask does it have any risks/pit falls, if in case please throw some light...thank you
Lic ke plane ke alawa sovring gurante kis kis plan me hoti h jisme central govt. Surreity leti plz sir vidio bnaye🙏🏻🙏🏻🙏🏻🙏🏻
SBI LIFE & HDFC LIFE Which one is the Best for Future ?
In SBI Life smart annuity plus or SBI Life smart platina plus & In HDFC Guaranteed Pension plan or HDFC life guaranteed income insurance plan ?
Lic is best
This is just my personal opinion:
I looked at all these plans before and I feel all these plans offer poor returns, and the purchase amount also gets locked for life as well.
Alternately, I feel that RBI 7 year floating rate bonds (8.05% currently), Post office MIS (7.4%) and Post office 5 year FD (7.5%) are much better, and you get the amount back as well after the investment duration. And...if one is 60+ after the investment period is over for the above, then there are even better options anyway.
So, not every plan is fit for everyone.
Which is where thought needs to be given for the right fit.
POMIS and POTD have linited maximum investment period and so what if interest rates go down at the time of renewal. (For reference around 2 decades back we had interest rates of 12-14%) as well.
I am not suggesting one should take this but having an annuity pla in addition to other income streams is a recommendation.
Always do need basis analysis before investing.
Even after 2 decades govt pension schemes rate of interest would be more than all these pension plans at that time and as far as possible money should not be locked for whole life.
@@EveryPaisaMatters Comparatively, annuity is never a good option, unless the interest rate offered is significantly better than the other options around you, especially because the amount gets blocked for life.
Govt plans are always likely to be much better. Interest is higher and safety is maximum. Even during covid, govt did not allow ppf and rbi floating rate bond interest rates to drop below 7. Even Post office fds remained significantly higher than bank fds and other private offerings during this phase.
Additionally, after 60, there are much better options for senior citizens like scss. So, one can easily switch.
@@scs898 Exactly.
If you understand how Annuity Plans work, they will NEVER offer returns better than the other similar products.
And you may then need to ask the question - Why are banks giving FD for 7.5% only for 10 years to Senior Citizens and not for 25-30 Years?
Blank comparison with Fixed Deposit or other Debt Instruments is not right since each product is focused towards different individual.
Few years back, some of my dad's friends took Annuity plans which were giving Pension at 12% while ongoing FD rates were 14%.
While those who took Bank FD laughed at them for throwing money for 2% less, we can all see who is having the last laugh today.
You are only seeing from a short term perspective. We never know what will happen 30 years down the line.
I may be wrong or I may be right - Time will tell.
hi i just want to know if insurance company close or bank corrupts, what will happen to the amount we invest. example in the banks we have up to 5 lank coved by rbi, what about pension plans
thanks
All these pension plans, endowment plans, ULIPS are worthless. There are government investment schemes which are far better than these schemes even after 2 decades.
What are those plans, do they cover the credit risk?
Agar 50 ki age me deposit kie or 60ki age me return start krte h or 60 se pehle person ki death ho jae to kya return milega
Can u explain about kotaklife, policy
Very informative, thanks for covering
SCSS and other govt schemes (Monthly income post office, kishan vikas patra, etc) will provide more that 7% returns with 100% corpus return. So compared to them annuity schemes are less attractive. But sometimes this annuity schemes become mandatory if you receive retirement corpus from NPS. That's where such videos are very helpful.
Yes, please share
great analysis, thanks a lot for your efforts.
Yes, I want to know how LIC Jeevan Shanti can give 14 percent return
it is no return it is called Annuity Ratio ie in case of Deferrd Annuity they say for 10 Lacs premium and deferred for 10 years if they give Rs 1.4 Lacs as an annuity they say it as 14% but IRR is much less (around 6-7%) as we are not getting anything for 10 years deferred period. So don't get fooled by the agent's mention of 14% return
✅Like and Subscribe to get the Excel (at 2000 Likes) - bit.ly/EPMsub
✅ Contact For Max Life Pension Plan - wa.me/+919910929066?text=MaxLifePensionPlan
Mai 1893 _2008.RETIRED.NAMASTE 🙏. PL.CHEK
Yes ... I would appreciate knowing how the 14.5% return of LIC Jeevan shanti is calculated
is it fixed or maket related? Just enquire.
that is marketing.
Wowww... Maha Dangal.. you are the best in RUclips video 😊
Yes I want to know..
Deff.plan ke badle 50lkh. Aap 10 yrs. Lumsump or sip plan kisi equity investment plan me invest kare aapko 12to16persentage ka returns mil hi jayega. Aapko 1.55 cr.kamsecom return to jarur milega phir aap iis rakam ka istemal kisi mis plan + pension plan kharide. Aap ko aur jyada returns milega.
Sir! Koi aisa plan btaiye jisme hr months kuch jma kre and after 60 vo pension ki trh mile
Send a message on 9910929066
Very useful. Many thanks. However, in the summary tables of Immediate Annuity, Single and Joint are reversed? Joint is showing higher pension than Single.
Think once again, use calculator.
Please also provide an axel sheet. Thanks
sbi life 27308 in table and 26971 in abstract
YES
Sir data sheet hazy dikha raha so please ise aur clear pic veje taki dekhne samjhane me asansol hogi
Nice comparision on various Pension Plans available in the market , but there is no mention about the Tax Benefits for the purchase amount ,Annuity Received and ROP
I have covered the same over many of my videos. Impossible to cover all aspect in one video. Be a subscriber and regular viewer to learn about all aspects.
Yes
Sie sir 10/20 ka banae 50 hamari heseat nae he🙏🏻🙏🏻🙏🏻 or ye 10 sal waiting he karna he to ese early mod pe le jese ek sath 15 lakh k jagah 1 lakh 15 sal k lea taki usi k intrest se pream bar jae or last me passe bache
Hi Sir, thanks for all your informative videos content on financial literature. I have a question right now I'm 36 age, and I have 50 L corpus, so do you recommend investing in mutual funds or PMS or buying Deferred Annuity for guaranteed returns after 10 years
Hey Gaurav, message me your number on contact_epm@icloud.com
Go for mutual funds. If you are averse to risk, go with index ETF. Pension plans of any insurer is waste.
Great video
Very useful information 🎉
What is my pension TOTAL.NAGORAO V KULKARNI.
May you please share the Excel with the entry age of 40 with regular premium payment for 10 years and annuity starting at 50 means the deferred for 10 years.
He has asked for 2000 likes
Lic has best plan along with trust and guaranteed of your money with returns from govt of India. Pls refer to article no. 37 that assures public money if they invest with lic of India... Jeevan Shanti has best returns for those who want guaranteed regular returns for lifetime without any worry😊
🗒Link of Blog/Excel - (Reveal after 2000 Likes) - bit.ly/EPMsub
Class analysis
What about kotak mahindra insurance
sir meri age 31 mujhe bataye kaun saa plan loo
message from here - bit.ly/SWP_Plan
Lic Jeevan utsav
Good analysis and gives a lot of clarity
Yess
Is PMVVY closed after march,2023.
No ma'am
Risk cover kya h if a person will be expire??
Kab MILEGA PASS.NAMASTE 🙏 NAGORAO VITHLRAO KULKARNI.YEARS OLD 2O23PUNE.
Will let you know when I know
Immediate plan lene ka koi matlab nahi hai, is se jyada interest FD me mil jayega.
Yes Please enlighten me
Pension aisa Jo principal amounts bi de
*निवेश करें रु - 12 लाख*
*प्रति माह पेंशन - 7200 रुपये*
*कार्यकाल - 20 वर्ष*
*अंतिम मूल्य प्राप्त करें - 32 लाख*
Mutual fund......please consider and suggest to all. That is the best option
Which plan is this?
@@EveryPaisaMattersHybrid categories likes SBI,ICICI,HDFC.
So you are saying its ULIP?
@@EveryPaisaMatters No.....for example one time investment in HDFC Balance advantage fund then select SWP (systematic withdrawal plan). You can get monthly income.
But the way younhave mentioned Per Month Pension and final amount - thst is not guaranteed.
Mutual funds are great instruments for wealth building.
Yes sir
Aisa koi plan btao jisme pension hr saal bade
Job and Business!
please add tata aia plans also in this comparison. they offer max returns of all
Nopes they don't. You can watch my last comparison.
Complicated explained
Very informative video. Best wishes
I love your indepth, insightful presentations. Thanks
So nice of you 🙏
@EveryPaisaMatters Sir, I retired during Feb this year (60 years)and have consented for higher pension along with 2 Ex Employer organizations.
Upon receipt of EPFO orders, may I consult with you whether it would be prudent to opt for the same considering the pro rata computation as explained in your last video whereby i would get around Rs25,000 lessPM than expected 😀
Let us wait for details to come through!
max life
LIC is best baki sab bakwas
🏃 Promo*SM
Yes
YES
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes