Investing from age >30, which is better – pension scheme (PFRDA in India) or pension fund by IRDA players?



PFRDA has recently launched the scheme with a lock period till age of 70 (partial withdrawal at 60). Also, the amount necessary needs to be invested in the another pension fund after age of 70.

On the other side, companies under IRDA purview have way higher pension charges than the PFRDA.

A strong viewpoint from a financial planning expert would be highly appreciated

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2 Replies to “Investing from age >30, which is better – pension scheme (PFRDA in India) or pension fund by IRDA players?”

  1. Rule #1… Annuities and whole/universal life insurance schemes are a HUGE ripoff and make huge sums for the companies that sell them..

    Rule #2…. NEVER NEVER NEVER forget Rule #1..

    Buy term insurance to pay for your untimely death( IE children and spouse to live comfortably ), and invest the rest in an index mutual fund…

    Truth be told… you will end up with 4 TIMES the money at the end…..because you are making the money for yourself and NOT the pension fund….


  2. Best u have to go with Companies with IRDA u think that there is high charges but u have to invest for longer time on a longer time charges will be very less even nil at some time .In my opinion go with Life invest pension plan of max new york life also visit site of same.ie. maxnewyorklife.com





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