January 3, 2011 11:07 am
How to calculate the pension or retirement amount and which is the best avenue to save whether NPS or pension plans offered by insurance companies??
Hi Manish, I want to your advice about my father’s retirement planning.My father works in Maharashtra electricity board and he will retire on 31may,2016.we want at least15000/-monthly pension.we can invest lumsum 15lacs.please suggest proper plan.
I will answer the second part of the question. Whether to go in for NPS or pension plans offered by Insurance companies will depend on how long you would like to remain invested and how MF savvy are you. ULIPS can give great returns provided a). you invest regularly for a period of at least 20~25 years and b). You are able to shuffle your investment pattern as per the market conditions. If you want to remain safe and want to be a passive investor, you better opt for NPS. NPS may not give great returns, but the returns are likely to be decent ( may be around 10~12 % ) and without much risk.
i think better is nps , but the best is term insurance+ diversified mf . for pension a/m you can use calculator available in this blog and make some assumtions.
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