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Comparing NPS and Annuity Plans: Which Pension Scheme is Superior?

IThe National Pension System (NPS) and Annuity Plans are two popular retirement investment options that can help individuals plan for their post-retirement financial needs. The NPS is a voluntary retirement savings scheme launched by the Indian government. It is a market-linked investment plan that allows individuals to contribute regularly towards their retirement savings. The contributions made to the NPS are invested in a mix of equities, corporate bonds, and government securities, and the returns generated are based on market performance. Upon retirement, individuals can withdraw a portion of the accumulated corpus as a lump sum, and the remaining amount is used to purchase an annuity plan. -------------------------------- Open Your Free Demat Account On Angel and Invest in Share Market: Open Your Demat Account On Zerodha in Rs. 300: How to Open Demat Account on Zerodha Step by step Guide: How To Open Demat Account on Angel Broking: An Annuity Plan is a financi