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Deepak Shenoy has a lucid explanation of an Insurer’s Pension Plan and how it compares with a simple low cost ETF.
Deepak explains how despite assuming a lower rate of return (9% instead of the 10% assumed by the Insurer), you can outperform the Insurer’s Pension Plan by a wide margin.
I am sure, comparing the Insurer Pension Plan with NPS (New Pension Scheme) will show similar results.
Btw, figuring out the numbers for your retirement plan is another big issue. Start with figuring out your retirement funds, how much every month will you need after factoring inflation and how long will the funds keep going. (you may like to spend time with this retirement planner, these sheets and calculators)
About Ranjan
He edits Personal Finance Online Resources, delivers Financial Awareness Workshops and has built a desktop RupeeManager.
Email: ranjan@ranjanvarma.com or Call on +919867755615
Very nice and illustrative presentation on how D.I.Y (Do It Yourself) can be much more beneficial than going for a standard pension scheme. The only thing that bothers me is the discipline (or rather the lack of it) thats required for executing it on your own.
-Ashutosh