It's a modern way to invest in market -
linked pension products, which give high returns.»
Life insurance companies anticipate a fall in premium collected through unit -
linked pension products.
Not exact matches
A suitable
product could be a market -
linked account - based
pension (balanced portfolio) or a diversified portfolio of balanced and growth managed funds.
LCG 2017/1 Superannuation reform: defined benefit income streams -
pensions or annuities paid from non-commutable, life expectancy or market -
linked products
Banks and intermediaries could be the source of legal claims
linked to a panoply of areas, including hire purchase agreements, mortgages and
pensions, structured credit
products, corporate loans, taxation
products, private banking and the full range of interest rate derivatives.
Products available under Section 80C include Life Insurance, Public Provident Fund (PPF), Equity
Linked Savings Schemes (ELSS), Senior Citizens» Saving Scheme (SCSS), New
Pension Scheme (NPS), Bank Fixed Deposits and Traditional
Pension Plans.
The sharp drop in the sales of unit
linked products, especially individual
pension products, led to the lacklustre performance by the life insurance industry in the quarter ended September this year
In the case of unit -
linked pension or annuity
products, the new rules bar any partial withdrawal during the accumulation phase and the insurer is required to convert the accumulated fund value into an annuity at the vesting date.
ICICI Prudential Easy Retirement Insurance Plan is the second
pension plan
linked to market after the Subh Retirement plan that is not available from October until it goes through the some modifications making it conform to the new
product regulations.
Some of the common
products that is offered by the company are life insurance plans,
pension plans, child insurance plans, unit
linked plans, special plans and group scheme.
The charges by these
pension plans are similar to unit -
linked insurance plans but higher than those of other
products.
If it is made compulsory on unit -
linked pension plans, there will be very few funds offering this
product.
Under
linked category, unit -
linked life and
pension products and variable insurance
products (life and
pension products) where the benefits are
linked to any external approved index have been identified for standardisation.
LIC offers a wide range of
products such as term plans,
pension plans, group schemes and unit -
linked plans.
The company offers a healthy mix of traditional and unit
linked products which cater to protection, savings,
pension, investment and health requirements of individuals.
LIC has a variety of insurance
products to its customers such as insurance plans,
pension plans, Unit
Linked plans, special plans and group schemes as well as online child insurance plans.