UTI's Retirement Benefit Plan(RBP
UTI’s RBP provides an option between a monthly
pension from the age of 58 years or a lump sum saving
and withdrawal. How do these schemes rate on parameters
such as liquidity, tax benefits and so on?
Under the RBP, you can start with a minimum investment
of Rs 10,000 at one time or investment in installments
of Rs 500 for a maximum four times a year upto the age
of 52 years in not more than 20 installments.
For those between 53 and 60, a minimum investment of Rs
10,000 must be made at one go. There is no maximum
limit. Similarly the Jeevan Suraksha policy has a
minimum installment premium of Rs 150 per month, Rs 450
per quarter, Rs 900 per six months and Rs 1,800 per year
for someone who wants a minimum annuity of Rs 250 per
month.
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