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Retire Grand with Flexi Benefits
Guaranteed Lifelong Income Limited premium payment term Multiple annuity options Option to defer the annuity payments
Retire Grand with Flexi Benefits
Guaranteed Lifelong Income Limited premium payment term Multiple annuity options Option to defer the annuity payments
Save, Dream, Plan. Live Peacefully
Option to choose premium payment term Get Tax benefits
Save, Dream, Plan. Live Peacefully
Option to choose premium payment term Get Tax benefits
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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
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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
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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?
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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?
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Tax Planning for Retirement Types of Retirement Plans Guaranteed Pension Plans Retirement Income Plans
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Tax Planning for Retirement Types of Retirement Plans Guaranteed Pension Plans Retirement Income Plans
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
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.
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.
Benefits of NPS Investment
Maximum tax benefit of up to ₹2 lakhs under Section 123 (formerly Section 80C) and Section 124 (formerly Section 80CCD(1B)) of the Income Tax Act, 2025
1. NPS Tier I Account (Primary Pension Account)
Tax benefits: Up to ₹1.5 lakh under Section 80CCD(1) of the Income Tax Act Additional ₹50,000 under Section 80CCD(1B)
What is an NPS Refund?
On premature exit: After completing the minimum tenure in the scheme, a portion of your corpus can be withdrawn, with the rest annuitised On death of the subscriber: 100% of the accumulated corpus is paid out to your nominee or legal heir; none of it is forfeited.
NPS Withdrawal Rule:
Withdrawal in case of death: In case of the demise of the subscriber, the entire accumulated corpus is transferred to the subscriber's nominee.
What is an NPS Refund?
On retirement (60 years): You can withdraw up to 60% of your corpus as a lump sum, with the remaining 40% used to purchase an annuity for regular pension income
NPS Withdrawal Rule:
Withdrawal at 60 years: Once you reach 60 years of age, you can withdraw 60% of the total accumulated amount. The remaining 40% is used to purchase the annuity.
Investment Choices for NPS
Your money will be invested in asset classes in proportions that shift with your age. As you age, exposure to equity and corporate debt gradually decreases while increasing in government securities, a built-in way of reducing risk as you approach retirement.
Benefits of National Pension Scheme
Automatic Risk Adjustment: Though the portion of your investment goes into equity, you have the option to decide what percent you want in equity. You can completely avoid investing the equity if you have a low-risk profile. If you invest in equity the maximum equity allocation is 75% and it depends on your age. As you close in on your retirement age, the equity exposure in your portfolio reduces.