The Assured Pension Scheme is a vital government initiative designed to provide financial security to individuals post-retirement. It offers guaranteed income,...
An Assured Pension Scheme is a retirement plan designed to guarantee a regular income stream or a lump sum payment to its subscribers upon retirement, ensuring financial stability and security.
Eligibility often depends on the specific scheme's rules, typically including age criteria, employment status, and minimum contribution requirements set by the governing body or financial institution.
Key benefits include guaranteed post-retirement income, protection against market volatility, potential tax advantages, and enhanced financial security for seniors, offering peace of mind.
Unlike market-linked retirement plans, assured schemes prioritize guaranteed returns and predictable income, minimizing investment risk and providing certainty over long-term financial outcomes.