The Insurance Regulatory and Development Authority (Irda) has decided to do away with the 4.5 per
cent guaranteed annual return clause from pension products.
Not exact matches
The 100,000 point bonus along with the
guaranteed 1.5
cent per point travel redemption value, plus the $ 300 travel credit in each calendar year means you'll get at least $ 2,100 in value in exchange for the first year's $ 450
annual fee.
SBI's plan offers
guaranteed addition of bonus of 5.5 per
cent (for
annual premium under Rs 30,000) or six per
cent (for
annual premium over or equal to Rs 30,000).
Also, there is an
annual investment
guarantee charge of 0.25 per
cent of the fund value.
Effective September 1, Ulips will offer a minimum
guaranteed annual return of 4.5 per
cent on pension plans, a 10 - times increase in the minimum risk cover, even distribution of charges across the increased five - year lock - in period and a ceiling on net and gross yields after that.
Guaranteed, but low returns on pension plans: A pension / annuity plan will offer guaranteed annual returns of 4.5 per cent — just 1 per cent more than the savings deposit rate of 3.5
Guaranteed, but low returns on pension plans: A pension / annuity plan will offer
guaranteed annual returns of 4.5 per cent — just 1 per cent more than the savings deposit rate of 3.5
guaranteed annual returns of 4.5 per
cent — just 1 per
cent more than the savings deposit rate of 3.5 per
cent.