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You can create a unique ID on the Website for managing and transacting all financial and non financial transactions with ABC Companies. In case you forget the username or password, you can reset the same using the forgot username and password link available on the Website and completing the authentication procedure specified on the Website. MoneyForLife Planner. MoneyForLife Planner provides an indicative assessment of your money needs based on the factors like income, age, family members and their future, your future money requirements and current lifestyle status as per details filled in by you on the online questionnaire.
The Planner provides an indicative view about the generic investment opportunities available in the manner indicated by you. The results provided by the Planner are generic in nature and do not necessarily reflect the actual investment profile that you may hold and it is not necessary for you to act on it.
The Planner provides a generic indication of your money needs to enable you to prioritize your investment needs which are rule based. You agree and understand that use of MoneyForLife Planner does not assure attainment of your investment objectives and there is no assurance that the money objectives will be achieved, as the same is subject to performance of the securities, the forces affecting the securities market and your risk profile.
All investment decisions shall be taken by you in your sole discretion. You are advised to read the respective offer documents carefully for more details on risk factors, terms and conditions before making any investment decision in any scheme or products or securities or loan product. The facilities on the Website are not intended to provide any legal, tax or financial or securities related advice. You agree and understand that the Website is not and shall never be construed as a financial planner, financial intermediary, investment advisor, broker or tax advisor.
The facilities are intended only to assist you in your money needs and decision-making and is broad and general in scope. Your personal financial situation is unique, and any information and advice obtained through the facilities may not be appropriate for your situation.
Accordingly, before making any final decisions or implementing any financial strategy, you should consider obtaining additional information and advice from your advisor or other financial advisers who are fully aware of your individual circumstances. For more details, please also refer to the Legal Disclaimers provided on the Website. Financial Solutions. We may provide you with various money solutions and options which are generally available basis your investment profile or those which are generally held by persons of similar investment profile.
It only serves an indicative use of information which you may execute in the manner agreed by you. Password Protection. You shall not be entitled to avail the facilities without the use of a user name and password. You are responsible for maintaining the confidentiality of your password and Account, and you shall not allow anyone else to use your password at any time.
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These restrictions apply in relation to all or part of the Materials on the Website; b copy and distribute this information on any other server or modify or re-use text or graphics on this system or another system. No reproduction of any part of the Website may be sold or distributed for commercial gain nor shall it be modified or incorporated in any other work, publication or web site, whether in hard copy or electronic format, including postings to any other web site; c remove any copyright, trade mark or other intellectual property notices contained in the original material from any material copied or printed off from the web site; link to this Website; without our express written consent.
No Warranty. Although all efforts are made to ensure that information and content provided as part of this Website is correct at the time of inclusion on the Website, however there is no guarantee to the accuracy of the Information. This Website makes no representations or warranties as to the fairness, completeness or accuracy of Information. There is no commitment to update or correct any information that appears on the Internet or on this Website.
Information is supplied upon the condition that the persons receiving the same will make their own determination as to its suitability for their purposes prior to use or in connection with the making of any decision. Any use of this Website or the information is at your own risk. Neither ABCL and ABC Companies, nor their officers, employees or agents shall be liable for any loss, damage or expense arising out of any access to, use of, or reliance upon, this Website or the information, or any website linked to this Website.
No Liability. This Website is provided to you on an "as is" and "where-is" basis, without any warranty. ABCL, for itself and any ABC Companies and third party providing information, Materials defined later , facilities, or content to this Website, makes no representations or warranties, either express, implied, statutory or otherwise of merchantability, fitness for a particular purpose, or non-infringement of third party rights, with respect to the website, the information or any products or facilities to which the information refers.
ABCL will not be liable to you or any third party for any damages of any kind, including but not limited to, direct, indirect, incidental, consequential or punitive damages, arising from or connected with the site, including but not limited to, your use of this site or your inability to use the site, even if ABCL has previously been advised of the possibility of such damages.
In no event shall ABCL or ABC Companies shall be liable for any for any special, incidental, consequential, exemplary or punitive damages for any loss, arising out of or in connection with a the use, misuse or the inability to use this Website; b unauthorized access to or alteration of your transmissions or data; c statements or conduct of any third party on the site; or d any other matter whatever nature relating to this Website.
Further, the Facilities Provider cannot always foresee or anticipate technical or other difficulties. The facilities may contain errors, bugs, or other problems. These difficulties may result in loss of data, personalization settings or other facilities interruptions. The Website does not assume responsibility for the timeliness, deletion, mis-delivery, or failure to store any user data, communications, or personalization settings.
The Facilities Provider, ABCL, ABC Companies and the providers of information shall not be liable, at any time, for any failure of performance, error, omission, interruption, deletion, defect, delay in operation or transmission, computer virus, communications line failure, theft or destruction or unauthorized access to, alteration of, or use of information contained at this Website.
Manner of Use of Personal Information. Other than those otherwise indicated and agreed by You, this Website do not collect or store or share your Personal Information. Aditya Birla Capital is the brand and accordingly all products and facilities are provided by respective ABC Companies as applicable. Except in the manner as stated in the Privacy Policy, the Website will not disclose your Personal Information with any affiliated or unaffiliated third parties,.
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Vesting stage: Once you retire, you get a steady flow of income for life. Types of Pension funds in India 1. Some of its features are as follows: You have to invest in this scheme until 60 years of age.
There is no upper limit. Your money will be invested in debt and equity funds based on your preference. The returns depend on the performance of the funds you choose. Annuity plans with life cover Such plans provide a life cover along with a regular source of income. Deferred Annuity It is a contract with an insurance provider helping you build a retirement corpus. Immediate annuity It is a contract between an individual and insurance company, where in the individual pays a lump sum amount and receives guaranteed income for lifetime, starting almost immediately.
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We and our partners process data to: Actively scan device characteristics for identification. I Accept Show Purposes. Your Money. Personal Finance. Your Practice. Popular Courses. Retirement Planning Pensions. Table of Contents Expand. What Is a Pension Plan? Understanding Pension Plans.
Are Pension Plans Taxable? Can Companies Change Plans? Pension Plan vs. Pension Funds. Monthly Annuity or Lump Sum? Key Takeaways A pension plan is a retirement plan that requires an employer to make contributions to a pool of funds set aside for a worker's future benefit.
There are two main types of pension plans: the defined benefit and the defined contribution plan. A defined benefit plan guarantees a set monthly payment for life or a lump sum payment on retiring. A defined contribution plan creates an investment account that grows throughout the employee's working years. The balance is available to the employee upon retiring. Defined Benefit vs. Defined Contribution: What Is the Difference? Both plans have distinct tax advantages for both employees and employers.
Some lucky people work for employers who offer both. Leaving a job earlier than retirement can affect your eligibility for a defined benefit pension. Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.
Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Related Terms Nonperiodic Distribution Nonperiodic distribution is a one-time, lump-sum payment of an employee retirement-plan distribution.
Retirement Contribution Definition A retirement contribution is a payment into a retirement plan, either pretax or after tax. What Is Benefit Offset? Benefit offset is a reduction in the amount of payments received by a member of a retirement plan when the member owes money to the plan. What Is a DB k Plan? A DB k plan is a hybrid retirement plan that combines some of the characteristics of a defined contribution k plan with those of a defined benefit DB plan.
Statement of Changes in Net Assets Available for Pension Benefits A statement of changes In net assets available for pension benefits is a financial report on a retirement fund, provided to plan participants.
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