Life Protection + Retirement Key Benefits
A pension plan (also called annuity plan) is an investment that is made either in a single lump sum payment or through installments paid over a certain number of years, in return for a specific sum that is received every year or half-year or month, either for life or for a fixed number of years
Pension plan is an ideal product to plan for a happy and stress free retired life because it guarantees payment of certain amount periodically after retirement
Pension plan can be taken jointly with the spouse.