Paragraph matches

First paragraph125 words

FAQs

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

100.0%

Second paragraph125 words

Conclusion

Disclaimer - This article is issued in the general public interest and meant for general information purposes only. The views expressed in this blog are solely those of the writer and do not necessarily reflect the official policy or position of Canara HSBC Life Insurance Company Limited or any affiliated entity. We make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the blog or the information, products, services, or related graphics contained in the blog for any purpose. Any reliance you place on such information is therefore strictly at your own risk. You should consult with a qualified professional regarding your specific circumstances before taking any action based on the content provided herein.

First paragraph16 words

Retire Grand with Flexi Benefits

Guaranteed Lifelong Income Limited premium payment term Multiple annuity options Option to defer the annuity payments

100.0%

Second paragraph16 words

Retire Grand with Flexi Benefits

Guaranteed Lifelong Income Limited premium payment term Multiple annuity options Option to defer the annuity payments

First paragraph9 words

Save, Dream, Plan. Live Peacefully

Option to choose premium payment term Get Tax benefits

100.0%

Second paragraph9 words

Save, Dream, Plan. Live Peacefully

Option to choose premium payment term Get Tax benefits

First paragraph26 words

Popular Searches

Retirement Calculator Best Retirement Plan Senior Citizen Card Saral Pension Plan NPS Withdrawal Pension4Life Plan Retirement Planning 5 Retirement Tips National Pension Scheme NPS Pension Calculator

100.0%

Second paragraph26 words

Popular Searches

Retirement Calculator Best Retirement Plan Senior Citizen Card Saral Pension Plan NPS Withdrawal Pension4Life Plan Retirement Planning 5 Retirement Tips National Pension Scheme NPS Pension Calculator

First paragraph27 words

Popular Searches

Types of Pension Plan Guaranteed Pension Plan Is Pension Taxable How to Check Old Age Pension Status Benefits of Pension Plan How GST Applies to Pension Plan?

100.0%

Second paragraph27 words

Popular Searches

Types of Pension Plan Guaranteed Pension Plan Is Pension Taxable How to Check Old Age Pension Status Benefits of Pension Plan How GST Applies to Pension Plan?

First paragraph14 words

Popular Searches

Tax Planning for Retirement Types of Retirement Plans Guaranteed Pension Plans Retirement Income Plans

100.0%

Second paragraph14 words

Popular Searches

Tax Planning for Retirement Types of Retirement Plans Guaranteed Pension Plans Retirement Income Plans

First paragraph13 words

Fixed Returns, Zero Risks & Worries

4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover

100.0%

Second paragraph13 words

Fixed Returns, Zero Risks & Worries

4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover

First paragraph61 words

Retirement - Top Selling Plans

We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.

100.0%

Second paragraph61 words

Retirement - Top Selling Plans

We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.

First paragraph29 words

Glossary

CRA: Central Recordkeeping Agency; the body that issues PRAN and maintains NPS subscriber records. Tier I Account: The mandatory NPS retirement account with limited withdrawal and tax-saving benefits.

44.2%

Second paragraph149 words

What are the Types of Accounts in the National Pension System?

Tier I NPS Account - Tier I is a retirement account. On opening a Tier I NPS account, you are allotted a 12-digit permanent retirement account number (PRAN). You can open this account with a minimum contribution of ₹500. However, to keep the account active, you need to contribute at least ₹ 1,000 in a financial year. There is no cap on the maximum investment you can make in your Tier I account. The money you invest in this account is locked until you turn 60. On turning 60, you can withdraw 60% of the corpus as a lump sum. You must use the balance of 40% of the corpus to buy an annuity plan from an insurance company that will pay you a monthly pension. Under Section 80CCD of the Income Tax Act 1961, the investments you make in your Tier I NPS account qualify for tax exemption.

First paragraph35 words

Why Do You Need a PRAN for NPS?

The NPS is a pension scheme under the PFRDA (Pension Fund Regulatory and Development Authority). To function in a systematic, transparent, and traceable way, PRAN serves as the central digital identity for all NPS investors.

36.2%

Second paragraph52 words

What are the Types of Accounts in the National Pension System?

NPS is governed by the Pension Fund Regulatory and Development Authority of India ( PFRDA ). If you are 18 to 65 years old, you are eligible to invest in the NPS. In recent times, the NPS rules have been flexible to adapt to the evolving times, thus making this savings scheme investor friendly.

First paragraph38 words

Types of PRAN Accounts: Tier I vs Tier II:

Tier I Account (Mandatory): This is the base pension account and has strict withdrawal rules. It is for long-term retirement savings. You must make a minimum investment of ₹1,000 in each financial year to keep it.

35.5%

Second paragraph149 words

What are the Types of Accounts in the National Pension System?

Tier I NPS Account - Tier I is a retirement account. On opening a Tier I NPS account, you are allotted a 12-digit permanent retirement account number (PRAN). You can open this account with a minimum contribution of ₹500. However, to keep the account active, you need to contribute at least ₹ 1,000 in a financial year. There is no cap on the maximum investment you can make in your Tier I account. The money you invest in this account is locked until you turn 60. On turning 60, you can withdraw 60% of the corpus as a lump sum. You must use the balance of 40% of the corpus to buy an annuity plan from an insurance company that will pay you a monthly pension. Under Section 80CCD of the Income Tax Act 1961, the investments you make in your Tier I NPS account qualify for tax exemption.