Top 10 Best Pension Plans in India in 2019 - If you're looking for a retirement plan in India, visit the Policy Planner website that's right for you.

The top 10 pension plans are defined benefit plans that help people secure their financial futures and protect them against uncertainties that may arise after retirement.

These plans are particularly suitable for seniors who want to plan their retirement effectively.

List of the 10 best pension plans in 2019
Here is the list of the top 10 pension plans in India 2019:

1.LIC Jeevan Akshay 6 Pension Plan
The LIC Jeevan Akshay 6 Police Plan is an immediate retirement plan that can be purchased by paying a fee in the form of a single premium.

The pension begins immediately after the purchase of the plan. This is the best retirement plan in India 2019

Features and benefits:

The pension may be paid monthly, quarterly, semi-annually or annually.
No medical exam is required to complete this plan.
Minimum purchase price of 1 Rs lakh for offline distribution channels and 1.50 Rs lakh for online distribution channels.
No upper limit for the purchase price, the board, etc.
The minimum age of admission is 30 years and the maximum age of 85 years.
Proof of age required.
The premium paid is tax-free.

2.Jeevan Nidhi Pension LIC Plan
The Jeevan Nidhi card of the LIC is a retirement plan. The accumulated amount of the Jeevan Nidhi LIC plan is used to generate a pension for the policyholder based on his survival after the contract period. This is the second best map available in India 2019.

Features and benefits:

Premiums paid are exempt under 80CC of the Income Tax Act.
During the first five years, the insured will receive guaranteed premiums of 50 Rs / month for the whole year.
From the sixth year, the police participate in the profits of the company according to the conditions fixed by it.
The minimum amount of basic insurance is 1 Lakh Rs for the regular premium and 1.50 Rs for the single premium.
No upper limit for basic insurance amount.
The duration of the policy varies between 5 and 35 years.
The minimum age for the acquisition of 55 years old and a maximum of 65 years.

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Author's Bio: 

Kajal Bhagat
SEO Executive at policyplanner a web aggregator company.