A retirement pension plan is an investment strategy that enables a person to accumulate or create a sizeable sum of money through long-term saving. This amount of money aids in financially safeguarding their future so they can deal with any unfortunate circumstances in life with ease.
So, with the aid of a pension plan, one can ensure the security of their future and the regular receipt of a stable income once they have retired.
Retirement plans India have many important features and benefits. Some of them are mentioned below:
· Regular money
· Annuity
· Accumulation time
· Vesting age
· Surrender value