Returns offered on these policies are low because the mandate is to invest only in fixed-income securities

In a nuclear society, senior citizens have the greatest financial need after retirement to fulfil family and social responsibilities with self-respect.

Both annuity and pension plans can help ensure steady cash flow post-retirement, so which one should you choose?

Stressing the need for multiple pension accounts, Mohanty said, “It is believed if one head of the family has a retirement account, it is financial nirvana for the whole family. It is not like that.”

Did you know that there are types of pensions plan available for your retirement? You have to choose the right one as per your requirements, risk appetites and tax efficiency

In India, where not all senior citizens have access to pension plans, exploring alternative strategies to generate a regular income stream is crucial

The 44 global pension systems included in the joint survey of the CFA Institute, the Monash Centre for Financial Studies (MCFS), and Mercer, accounted for 65 per cent of the world’s population.