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  • Category: Miscellaneous
    Points:4

    Best pension plan for house wife

    Hello everyone,

    I back again with one more question. Happy from your previous responses. Can anyone suggest best pension plan for house wife. My age is 45 now. I can pay premium between 1000k to 3000k monthly for 20yrs. Any equity based scheme will also work apart from fixed return scheme for investing.

    If someone suggest from where to take. Online I prefer. Is it safe to take from online agents from Banks? Or from websites like hdfc, sbi, max etc. Pls. Suggest.
  • #781217

    Points:3
    There are many plans and you can get an idea about various schemes available once you contact HDFC Life persons. They will come to you and discuss with you about the planes available. Once you get all the details from them you will understand the available scheme. Similarly, you can discuss with other banks or insurance agents and then make the best decision. Even online you will find various schemes and the details of those schemes. You can try it on your own.
    drrao
    always confident

  • #781219

    Points:2
    You can do it through a bank or your demat account in a bank. Only thing is selection of the scheme. Generally, balanced schemes having 60% exposures to equity fetch good results.
    You can go through the comparative performances of these schemes in a financial website before taking a decision.
    Knowledge is power.

  • #781232

    Points:4
    Pension fund is a good choice but equity linked funds don't guarantee anything and they are all related to market risks. If you are willing to take risks then you should invest in equity mutual funds because they have better chances of giving you return in longer time frame. LIC offers some pension plans, but after looking at their plan I think it is better to invest money at a better place. Pension plans might look like secure funds that will look after your old age expenses but we don't know how much inflation will rise in future. May be we are thinking 50,000 per month is enough for our old age but we never know how much will be the minimum requirement to fulfill all our needs after 20 years. We have to beat inflation or our money will lose its value with time.
    Thanks and regards.

  • #781236

      

    Points:4
    Shailly Varma,

    It is better to consult your financial advisor to know the plans. Here many members may suggest many schemes which can make you confused. There is no such thing as the best plan and it all depends on various situations. I would recommend you take advice from someone aware of your financial condition and whom you can consult for professional help. If you are not an expert then please do not try online methods or take online help. Better look for someone reliable from your locality and take her/his advice on financial matters.
    Sankalan

    "Life is easier when you enjoy what you do"

  • #781297

    Points:2
    As there are suggestions above regarding various equity linked pension schemes, I would suggest you to think about NPS or National Pension Scheme as one among the provisions. I hope you already have a long term bank recurring deposit too, which you can use for liquidity as well as periodical pooling and investing.

  • #781298

    Points:4
    The issue with which your mind is preoccupied is a concern for most of us. I cannot assure you of the risk behaviour of pension or equity-linked schemes floated by the different trustees. Since this is a planning of long-term horizon and we are not aware of our money requirements say beyond 12 or 15 years, nothing seems to work out perfectly to take care of our money needs.
    Since it is a money-related query, this needs to be answered by a reputed Financial Consultant to match our future - needs. Instead of approaching an online expert, you may talk with an expert Financial Advisor having wide experience in this line.


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