Things To Know About Pension And Annuity Plans

Outlook Money

Pension Plan

A pension plan is an investment plan that offers fixed returns as monthly pensions post-retirement.

Pension Plan

Age

Any individual aged 18 and older can invest in a pension plan. 

Age

Interest

Pension plans like NPS offer 9-12 per cent annual returns.

Interest

Financial Security

Pension plans can help you secure your financial future in old age.

Securing Your Financials

Annuity

An annuity plan allows you to pay the premium in a lump sum or in instalments—quarterly, half-yearly, or yearly.

Annuity

Interest

Annuity plans can give you 5-12 per cent annual returns.

Return rate

Which Is Better?

Pension plans offer better returns than annuities and are more secure.

Compiled By Himani Verma

Better Interest rates

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