Discover and read the best of Twitter Threads about #annuity
Most recents (3)
#NPS - #NationalPensionSystem
Voluntary #retirement scheme.
Managed by #PFRDA (Pension Fund Regulatory and Development Authority).
Anyone from 18 to 65 yrs of age can invest.
For New NPS Registration: dynm.in/F2147
For NPS Contribution: dynm.in/93AC2
Voluntary #retirement scheme.
Managed by #PFRDA (Pension Fund Regulatory and Development Authority).
Anyone from 18 to 65 yrs of age can invest.
For New NPS Registration: dynm.in/F2147
For NPS Contribution: dynm.in/93AC2
Type of Accounts:
Tier I : Retirement A/c. Mandatory. Cannot withdraw until retirement. Initial Contr - ₹500
Tier II : No restrictions. Anytime withdrawal. Tier II can be opened only if you have a Tier I account. Initial Contr - ₹1000
Annual Min Contr : I - ₹1000, II - ₹250
Tier I : Retirement A/c. Mandatory. Cannot withdraw until retirement. Initial Contr - ₹500
Tier II : No restrictions. Anytime withdrawal. Tier II can be opened only if you have a Tier I account. Initial Contr - ₹1000
Annual Min Contr : I - ₹1000, II - ₹250
Market linked returns. Invests in 3 diff funds with a mix of the following asset classes.
Equity (E): Stocks
Corporate Debt (C): PSU Bonds, PFIs, Infra comp and Money Market
Government Securities (G)
Alternative Investment Funds (A): CMBS, REITS, AIFs, etc
Equity (E): Stocks
Corporate Debt (C): PSU Bonds, PFIs, Infra comp and Money Market
Government Securities (G)
Alternative Investment Funds (A): CMBS, REITS, AIFs, etc
Numbers don’t lie, but they can be deceiving.
A good salesperson can sell you a poor product by using numbers🔢to his advantage.
And you really won’t notice unless you ask the right questions.
A 🧵 on how you can be fooled with data when buying #insurance policies.👇
A good salesperson can sell you a poor product by using numbers🔢to his advantage.
And you really won’t notice unless you ask the right questions.
A 🧵 on how you can be fooled with data when buying #insurance policies.👇
▪️ Number Game In #Annuity or #Pension Plans
The sales pitch goes like this:
If you invest Rs 10 lakh now, you will start getting around Rs 1 lakh a year after a decade--a 10% assured return on your #investment.
But there’s a catch.👇
The sales pitch goes like this:
If you invest Rs 10 lakh now, you will start getting around Rs 1 lakh a year after a decade--a 10% assured return on your #investment.
But there’s a catch.👇
It’s not 10% #returns. Here’s why.👇
For the first 10 years, there will be no payout. During this time, your #money will earn interest and grow.📈
Even if you invest in FD and earn a 5.5% #InterestRate , your money will grow to Rs 17 lakh in a decade.
For the first 10 years, there will be no payout. During this time, your #money will earn interest and grow.📈
Even if you invest in FD and earn a 5.5% #InterestRate , your money will grow to Rs 17 lakh in a decade.
1/ Thread on India's Life Insurance
A massive investment opportunity over the coming decade.
Ambit Capital says the opportunity lies in #protection and #annuity business.
A massive investment opportunity over the coming decade.
Ambit Capital says the opportunity lies in #protection and #annuity business.
2/ Ambit Capital's study reveals #protection could grow 8x in 10 years.
₹29 lakh crore of retirement corpus is estimated to grow at 15% to drive #annuity at 20% CAGR.
This implies that private insurance could grow 14.5% CAGR over the next decade.
₹29 lakh crore of retirement corpus is estimated to grow at 15% to drive #annuity at 20% CAGR.
This implies that private insurance could grow 14.5% CAGR over the next decade.
3/ #LIC is the market leader with 72% market share
LIC is expected to list around ₹10-12 lakh crore market cap.
LIC has total assets of ₹32 lakh crore in 2020.
LIC gains market share despite COVID disruptions.
Super investors do not prefer PSU stocks with few exceptions.
LIC is expected to list around ₹10-12 lakh crore market cap.
LIC has total assets of ₹32 lakh crore in 2020.
LIC gains market share despite COVID disruptions.
Super investors do not prefer PSU stocks with few exceptions.
