Pension Plan: Take advantage of the advantages of these 4 plans to have fun after retirement and receive a pension of Rs. 50,000 per month

 Pension Plan: Take advantage of the advantages of these 4 plans to have fun after retirement and receive a pension of Rs. 50,000 per month

By investing in various schemes, such as APS, you can receive a pension of Rs 50,000. so that after retirement, life can be adequately lived.

Everyone is aware of the significance of a pension after retirement. which also has other programmes being operated by the government, banks, and insurance firms. It's not required to agree with every strategy, though. Some folks are unable to make ends meet even with pensions of between 10,000 and 20,000 rupees. In such a circumstance, "Where to Invest? becomes a significant inquiry. 

Here are some of these plans that you can invest in to receive a pension of up to Rs 50,000. The investment determines the pension amount in these programmes.

NPS, the National Pension Scheme

On this list, National Pension Scheme is ranked first. Because it is run by the government, it is also seen as a secure method of investment. Let's say a person invests at the age of 30 and earns a 10% return. In such a case, a person can accumulate a fund of between Rs 40 lakh and Rs 2.5 crore by making monthly deposits of about Rs 11,000 for 30 years. When he turns 60, he begins receiving a pension of up to Rs. 50,000 and a 6% annuity each month.

A better choice is an annuity plan.

Annuity plans may also turn into a good investment choice. You can receive a pension after retirement by investing in this. in order for people to cover their bills. Immediate annuities and delayed annuities are the two types of annuity plans. These plans also include PM Vaya Vandana Yojana, LIC Jeevan Nidhi, and LIC Jeevan Shanti. A pension of Rs. 50,000 is available to you through the LIC Jeevan Shanti Scheme.

pick a ULIP programme

Unit-linked insurance plans may also improve as a means of accumulating a sizable pension. Platforms like Bajaj, HDFC, etc. provide ULIP pension plans. It has to do with market gains. also asserts a fixed pension following retirement. If someone begins investing when they are 25 years old, they can begin receiving a pension at age 55 that ranges from Rs. 40 to Rs. 50 thousand each month.

Receive a Rs. 50,000 pension from a mutual fund

By investing in mutual funds, the maximum pension is possible. There is considerable risk involved, though. This would also be an investing strategy tied to the market. If someone makes monthly SIP investments of Rs 12,000 for 20 years, with a 12% return, they can accumulate a fund of Rs 1.2 crore, and they will be assured an income of up to Rs 50,000 per month after they retire.