All/Some of us in our companies have superannuation funds.
Some of us plan to put money in NPS and want to generate funds for retirement.
However, we need to know how much pension can we get from annuity.
If we see the following link from LIC, we can see that for a 50 year old, for option 1, an individual will get 653 Rs pension for 1 Lakh Rs.
Implies one will get 65300 Rs if we put in a corpus of 1crore.
If you are a 30 year old, kindly note that you need to plan for amassing 1crore till you are 50 years and also hope that LIC does not reduce this annuity value rate :)
Articles that may help:
How to make a pension using RD
Some of us plan to put money in NPS and want to generate funds for retirement.
However, we need to know how much pension can we get from annuity.
If we see the following link from LIC, we can see that for a 50 year old, for option 1, an individual will get 653 Rs pension for 1 Lakh Rs.
Implies one will get 65300 Rs if we put in a corpus of 1crore.
If you are a 30 year old, kindly note that you need to plan for amassing 1crore till you are 50 years and also hope that LIC does not reduce this annuity value rate :)
Articles that may help:
How to make a pension using RD
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