by AIP Online Bureau | May 21, 2023 | Indian News, Pension & Social Security
“The superior returns, attractive tax benefits, and low charges make for a strong customer proposition for investing in our pension products. With our AUM crossing the threshold of Rs. 50,000 cr., the effective Fund Management Charges for our subscribers will...
by AIP Online Bureau | Mar 10, 2023 | Data, Eco/Invest/Demography, Pension & Social Security, Wealth Management/ Philanthropy
Of the total 6.24 crore subscribers currently, 23.86 lakh and 60.72 lakh are central and state government employees, respectively. Corporate subscribers stood at 16.63 lakh New Delhi: The number of subscribers under the National Pension Scheme (NPS) and Atal Pension...
by AIP Online Bureau | Mar 4, 2023 | Indian News, Pension & Social Security, Policy
The employees under the New Pension Scheme (NPS), who have retired after May 15, 2003, will be given OPS from the prospective date. The decision would put a burden of ₹ 1,000-crore on the state exchequer during 2023-24 financial year, Shimla: The Himachal Pradesh...
by AIP Online Bureau | Mar 3, 2023 | Indian News, Pension & Social Security, Regulation
The exit form of NPS will be treated as proposal form for purchasing annuity, thereby reducing the time and efforts of senior citizens as well as insurers. Hyderabad: In order to bring ease of living for senior citizens, the insurance regulator IRDAI has relaxed the...
by AIP Online Bureau | Feb 27, 2023 | Articles, Eco/Invest/Demography, Pension & Social Security, Wealth Management/ Philanthropy, Workplace/Employee Benefits
An impending challenge employees or workers may face in India, is the risk of inadequate pension arrangements after retirement from work. As a fallout, individuals may either be required to put severe curbs on their post-retiral expenses or continue working beyond the...
