List of Pension plans in India for NRI

In order to make NRIs feel at home and to appreciate their investment in Indian economy, Modi government has come out with new policies and schemes that recognize NRI’s contribution and make them feel full members of the Indian community.

NRIs have to plan their retirement policies in advance and for that they have to bear in mind the future value of money, calculate their approximate expenditure and plan their standard of living accordingly.

For transpiring this mission the Indian government has announced alluring pension plans for NRI. Here are few pension plans for NRI:

Pension plans provided by various companies have become great investment options to NRIs. With the use of internet today there are umpteen numbers of NRIs choosing these policies. It is better to compare the investment plan and opt for the one that best fits your needs. As features of these policies often change it is better to consult investment advisor before making investments.

National Pension Scheme	Provide access to age old income security	Investment is routed through normal banking channel and the subscription amount is to be paid by NRI either by inward remittance through normal banking channels or out of the funds held in their NRE/FCNR/NRO account
SBI pension plans – SBI start smart	Provides entire sum that is payable to the nominee of the policy on the death of the policy holder	One time premium payment plan Unit linked plan offering specified returns on annual basis Option of choosing multiple low cost pension plans at once
SBI – Life Long Pension Plans	One can opt for plan providing only pension and plan that provides extra cover along with plan	It promises certain amount of percentage of premium every year It also has option to choose other insurance covers i.e. covers against accident
Aviva pension schemes- Avivia secure pension	Provides certain amount of premium for the first few years of the plan	The minimum sum assured starts from Rs. 1 lakh and there is no maximum limit on the sum assured.
CITI bank retirement plans- 3g Manu life	Option for NRI to choose to hold the amount accrued for about 5 to 10 years after the premium payment term Also he has the option of to choose the annuity payback turn from wide range of options in the years	Provides few special features apart from the regular ones Coupon on annual basis after the 10th year policy Offers insurance covers like critical care, disability etc Loan facility for medical purposes and this loan is free from interest  rate
Life Insurance cooperation- Jeevan Nidhi	Popular for annuity options Guarantees sum of assured sum for first few years of premium payment and later on certain sum as bonus obtained by participation of premiums in company’s profit	Special features like joint life, a percentage hike of 3 % on annuity, grace period etc Other insurance covers available along with this plan but they are optional
LIC – Jeevan Akshay VI	Onetime payment annuity purchase policy NRI must pay lump sum at once and can opt to get annuities for rest of life anytime	Annuities are payable on monthly, quarterly, half yearly or even on annual basis