The employee's family had to shell out a total of Rs 3.30 lakh for the eight trips the chopper made to ferry all the family members from the school to the village.
Living too long is a risk. It is better to prepare yourself for the golden years by starting early.
NPS as a retirement tool has become attractive with low cost, flexibility & long term higher growth due to equity component. While NPS is highly recommended, one also has to see the age of entry & likely corpus accumulation to have a meaningful pension.
IndiaFirst Guaranteed Retirement Plan is a non-linked, participating, endowment, deferred pension plan. This plan is for customers who are conscious to plan for their retirement and want to remain financially young, IndiaFirst Life Insurance Managing Director and CEO R M Vishakha said.
Budget should introduce long term measures to aid investments in the economy. Taxation structure too needs some major overhaul. Budget should bring in changes in mutual fund schemes' taxation.
There are some reasons that can be attributed to inefficient retirement planning, especially for the Indian population. Most often, ageing parents look upon their children to support them through their old age.
According to Gaurav Mashruwala, one can keep doing in SIP for next seven-eight years and one or two years prior to the actual funds requirement, start shifting that money into debt fund or a debt product