To insure your life for fixed time duration, you need to buy yourself a Term Insurance Policy.

But what will be the premium that you must pay? That is the problem which will leave you scratching your head. There are many insurance providers out there, and numerous schemes that each of them offers. How to compare all those products?

Let’s not tackle this problem from the wrong end. Rather than look at a large variety of products and confuse yourself, try to figure out what your needs are. This is where a Term Insurance Premium Calculator comes in handy. It helps you to define what you want, and then tells you how much you will have to pay for your Term Insurance Premium. Now you don’t need to search for an Accountant or Maths Professor to help you out.

Term Insurance Premium Calculator is a simple online form. It asks you a series of easy questions. Your answers to them are used to calculate the premium that you will have to pay.

Firstly, it asks for your age and sex. The older you are, the higher your premium. And the premium value also changes depending upon whether you are male or female. Then it asks for your Annual income. This helps it decide how much premium you can afford. Smokers have to pay a higher premium than non-smokers. You fill this column, and enter your personal details. Viola! Your Term Insurance Premium is calculated in the blink of an eye.

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Which vehicle are you planning to board for your golden years, deferred annuity or retirement plan? The question takes you to the land of confusion.  The common impression is that Retirement plans are being offered by only life insurance companies. But National Pension Scheme India came to our rescue on May 1, 2009 inviting all citizens of India between the age of 18 and 55 on voluntary basis. Government employees are not the only beneficiary of this scheme but individuals too can enjoy its benefit.

Pension Fund Regulatory and Development Authority (PFRDA) has taken the charge to make it more attractive by reviewing and reforming (if needed) investment guidelines and introducing more schemes and plans for the individuals.

How to invest in National Pension Scheme India?

Investing in the National Pension Scheme is not a tedious task. All it takes is to approach an approved Point of Presence (POP) service provider. The PFRDA has authorized many banks, financial organizations and the Department of Posts to act as POP. A subscriber is required to make his/her contribution with just Rs. 500 (for Tier I) and Rs. 1,000 (for Tier II). The highly transparent and cost effective schemes and simple to operate rules make National Pension Scheme India more alluring for the man on the street.

What are you waiting for? Your route to golden years can be easily initiated by just making a walk in to the nearest POP of National Pension Scheme.

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