Investing in a pension plan is important considering the need to maintain a continuous flow of income, thus, enabling an inhibited lifestyle. Pension plans with or without life cover, single premium pension plans and unit-linked pension plans are quite popular." Unit-Linked Pension Plans: These are pension plans, albeit with a difference. ULIP pension plans also have become low cost & hence good for clients as compared to traditional pension plans." Tax exemptions and benefits of pension plansDepending on the kind of pension plan chosen, one may avail tax benefits.

Source: dna July 17, 2019 01:18 UTC