PENSION FUNDS IN INDIA

Presented By-
Manya
Jyoti
• A pension fund is any plan, fund, or scheme
which provides retirement income
• A fund established by an employer to facilitate
and organize the investment of employees'
retirement funds contributed by the employer
and employees. The pension fund is a common
asset pool meant to generate stable growth over
the long term, and provide pensions for
employees when they reach the end of their
working years and commence retirement.
•  India does not have a comprehensive old age
income security system. There are however,
some mandatory schemes for employees of
State and Central governments, employees of
public sector banks, employees in firms with a
staff of 20 or more and some others.
• The insurance and the mutual fund industry in
India has also started offering pension plans.
 Pension Fund Divided Into
• Pensions under an Act
• Government pensions
• Voluntary pensions
 Pensions under an Act
1. Pensions under the EPF & MP act 1952
– Employees provident fund scheme
As per amendment-dated 22.9.1997 in the Act, both the
employees and employer contribute to the fund at the rate of
12% of the basic wages, dearness allowance and retaining
allowance, if any, payable to employees per month. 
– Employees pension scheme
Employees’ Pension Scheme is Pension Scheme for survivors,
old aged and disabled persons.
– Employees deposit linked insurance scheme
The objective of the scheme was to put in place a mechanism
to provide employees families with income security after the
death of the member. It was funded through contributions by
the employer & central government with no contribution by the
employee himself.
 Government pensions
• Central Government Pension
• State government pension
 Voluntary pensions
Plans sold in the market by-
• Mutual fund
• Insurance firms
 Mutual fund pension plans

There are primarily two pension plans that mutual funds in India offer:
• Templeton India pension plan.
TIPP invests in a mix of high quality debt instruments and equities to
ensure relative stability of your investment and to deliver superior
returns in comparison to traditional tax-saving instruments.

• UTI retirement benefit plan.

The objective of the scheme is to provide pension to investors
particularly self-employed persons after they attain the age of 58
years, in the form of periodical cash flow upto the extent of
repurchase value of their holding through a systematic withdrawal
plan.
 SBI Pension Plan Details

•  

SBI Horizona II Pension Plan: Under SBI Horizon II Pension Plan, your

money is invested in equity, bond or money pension funds. The investment
plans also vary according to the proportion of money invested in equity
funds. 
SBI Unit Plus II: In case of SBI Unit Plus II Pension Plans, you get to
choose between pure pension and pension cum life cover plans with
flexibility to increase regular contributions, top up payments and customize
the plan by addition of riders. 
SBI Lifelong Pension: Investment in SBI Life Long Pension Plans helps
you avail tax deduction of up to Rs. 1, 00, 000 p.a. with 4 % p.a. minimum
guaranteed returns and tax-free withdrawals of up to 33 % from the
Personal Pension Account. 

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 HDFC Standard life insurance co. ltd
• Unit linked pension maximiser II
• Unit Linked pension
• Personal Pension Plan
• Unit Linked Pension II
• Unit Linked Pension Plus
 Tata AIG Life Insurance Company Limited
• Tata AIG Life Easy Retire
• Tata AIG Life Nirvana Plus
• Tata AIG Life Nirvana
• Tata AIG Life MahaLife Gold
• Tata AIG Life InvestAssure Future

ING Vysya Life Insurance Company Ltd.

• ING Golden Life
• Best Years
• New Future Perfect
 Bajaj Allianz Life Insurance Company Limited
• Swarna Vishranti
• Future Secure
• Future Income Generator
• New UnitGain Easy Pension Plus SP
• Pension Guarantee
• New UnitGain Easy Pension Plus RP

Shriram Life Insurance Co. Ltd.

• ShriVishram
• Annuity Plan
 Sahara India Life Insurance Co, Ltd.
• Sahara Amar Jeevan
• Sahara Swabhimaan

ICICI Prudential Life Insurance Co. Ltd

• Immediate Annuity
• Life Time Super Pension
• Forever Life
• Life Stage Pension
• Premier Life Pension
 Kotak Mahindra Old Mutual Life Insurance Limited
• Kotak Retirement Income Plan
• Kotak Retirement Income Plan (UNIT LINKED)
• Kotak Jeevan Sukhi Plan

Max New York Life Insurance Co. Ltd

• SMART Investment Pension Plan
• Easy Life Retirement (Par) Plan

Aviva Life Insurance Company India Limited

• Secure Pension
• PensionPlus
 Life Insurance Corporation of India
• Jeevan Akshay
• Jeevan Nidhi
• New Jeevan Dhara - I
• New Jeevan Suraksha – I

Birla Sun Life Insurance Co. Ltd

• Birla Sun Life Insurance Flexi SecureLife Retirement Plan II
• Birla Sun Life Insurance Freedom 58
 Reliance Life Insurance Company
Limited.
• Reliance Total Investment Plan Series II -
Pension
• Reliance Golden Years Plan
• Reliance Golden Years Plan Plus
• Reliance Golden Years Plan Value