LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

ramesh (wer)     17 April 2012

Individual retiment plans ,protection

 

Respected experts,

In western countires individual retiment accounts/personal retirement plans like deferred/immediate annuity plans are protected very well from court decree/insolvent situations,along with employer contributed plans like 401K plans.

 

In India Life Insurance corporation of India(LIC) offers Immediate retirement plans.The plans like jeevan Akshay VI is an example.These policies dont have surrender value,no loan is admissible against the plan.

 

In the event of court decree/personal insolvency situations are these retirement accounts are protected ?

 

Kindly offer your advises

 

Regards

Ramesh



Learning

 1 Replies

varun (OFFICER)     18 April 2012

Sir

The policy pertaining to pension are protected by Court orders


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading