At present the pensions plans are waste to insurer. He can not withdraw the money even in emergency. The depositor gets the money only after his death? The yield is very low. Now I am getting 4069 per annum on the sum of 1, 12, 000/- less than savings bank rate.
For me, no way out, I have to live with it. RBI, IRDA are mute spectators.
NEVER EVER SUBSCRIBE FOR PENSION PLANS, ESP ING VYSYA.