Jul 23, 2021 10:39 AM IST
All features and clauses of the pension product are the same across insurers, but the annuity rates are left to the companies
- Jul 08, 2021 09:11 AM IST
The entire lump-sum accumulated on maturity may be withdrawn by the NPS subscriber if it is below a threshold
- Jun 11, 2021 09:28 AM IST
The standardised pension product offered by insurers will have common features. Returns, however, will vary
- Jan 29, 2021 10:01 AM IST
The insurance regulator has mandated yet another standard product, this time in the pension space. Find out if it deserves a place in your retirement portfolio.
- Jun 18, 2020 11:12 AM IST
LIC’s term products launched last year, with lower premiums, could be the cheapest ones available in the market
- Mar 12, 2020 09:03 AM IST
More pension fund managers could enter the fray.
- Jan 31, 2020 08:57 AM IST
Given the importance being accorded to the NPS by the central government, it is likely that its structure will only get friendlier in the future
- Jan 09, 2020 08:35 AM IST
Annuity income is taxable and returns tend to be lacklustre
- Dec 31, 2019 08:56 AM IST
It should only be a part of one’s overall retirement portfolio
- Dec 19, 2019 08:47 AM IST
Though the changes have been announced, clarifications on the taxation limits need clarity from the 2020 Union Budget.
- Sep 25, 2019 10:34 AM IST
The Tier 1 account is covered under EET (Exempt Exempt Taxed) regime
- Jan 30, 2017 02:46 PM IST
Annuity received out of maturity of pension fund under the pension or annuity policy should be exempt from tax under Section 10(10A). Annuity purchased after maturity of pension policies of life insurance companies should be exempt from service tax.
- Jan 23, 2017 06:08 PM IST
With the social fabric of the country undergoing changes, it is imperative to encourage the lower/ middle income segments to provide for their own security.
- Feb 12, 2016 10:59 AM IST
Insurance products are surrounded by service tax and income tax, which should not be the case.
- Nov 11, 2013 02:52 PM IST
According to Balwant Jain, it is possible that the government might have intended to exempt the annuity from income tax act, but the notification does not seem to be translating this intention into action