There are two voices that we hear today—one believes that we are already in a stock market bubble. This is a refurbished version of the earlier Varishta Pension Bima Yojna (bit.ly/2uYCX0H) with lower rates and a new name. As a family, you can invest a maximum of Rs7.23 lakh to draw an annual pension of Rs60,000 or invest Rs7.5 lakh to get a monthly pension of Rs5,000. This works out to a yield of 8.3% if you take the annual pension and 8% if you take the monthly pension. At the higher end of the band, the pension product still gives a real 2 percentage point return.

Source: Mint July 25, 2017 11:03 UTC