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NRI PENSION SCHEME
Kerala Forum:
Business & Finance:
NRI PENSION SCHEME
By Old Mb on Friday, July 20, 2007 - 04:15 am: Edit PostDear Friends, As you know the pension scheme for NRIs is still not finalized by Mr MM Hassan. In LDF period the scheme is already discussed and Mr> nayanar wanted to implement the scheme before he step down. Unfortunately it was not fulfilled. Then the UDF Government came to power and we got a NRE Minister. We all thought MM Hassan will speed up this scheme. Now after coming to the power 1 year and 2 months passed, still MR hassan is discussing this matter with the LIC. Every public meeting, the so called NRI monister says, " we are negotiating with the Insurance people, very soon it will be finalized" How long he will speak this in public meetings? I think he is not going to do anything for NRIs. So friends, please express your openions regarding this matter. --------------------------------------------- kOMALAN VELAYUDHAN RETIREMENT SOLUSTION FORM ICICI PRUDENTIAL Dear Everybody, I am a financial consultant associated with ICICI Prudential, India's No.1 Private Life Insurance Company, and is currently extending services to clients in India and Abroad. We have a fabulous Pension Scheme for you to recommend which is very much in demand in India particularly a person who is looking for a Retirement Solution. In case you are interested to know more about this scheme, kindly let me know by mail_id : vkomalan@hotmail.com. I have already made available this facility to number of clients in India and abroad (Riyadh and Kuwait) to secure their retired life with ICICI Prudential. Kindly acknowledge With warm regards, Komalan Velayudhan Certified Financial Consultant (Debut Star Club Member) ICICI Prudential Life Insurance Co. Ltd., Contct No. : 011-31168717, 0129-2210905 mail_id: vkomalan@hotmail.com PS : Request you to forward this message to friends and colleagues. Some Facts for your perusal: Why plan for retirement? For too many people, the joy of retirement after years of hard work is eclipsed by the financial uncertainties that it brings. Despite all the planning and saving, you can never sure whether your money will last a lifetime. Retirement planning offers a way to ensure a more enjoyable, stress free tomorrow. A prudent plan will ensure that increasing life expectancy, higher inflation and increasing taxes do not eat away into your hard earned savings. Life Expectancy has been rising rapidly and today you can expect to live longer than your earlier generations. For you, this increase will mean a longer retirement life, stretching into a couple of decades. ICICI Prudential presents Retirement Solutions that combine the best of insurance and investment. These solutions are developed to ensure your peace of mind for the years to come. Why Plan Early? “Retirement, that's 20 years from now. Why should I think about it now? Isn't that the standard answer that we all give when asked about retirement planning. However, to build a healthy retirement kitty, it is necessary to start planning early. As can be seen the cost of delaying is high. Situation A is when you are saving Rs 10000 annually from the age of 25 to 34 years and Situation B is when you save the same annual amount from the age of 35 to 59 years. Even after investing your money for a 2.5 times longer duration, the maturity value in the second case is much lesser (if at all the figures are based on a hypothetical interest rate of 10%). The longer your money is allowed to grow at a compounded rate, the more dramatic will the difference be eventually.
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