Forget about pension plans, there is none available anyway

If you plan to buy a pension plan as a part of your tax-saving exercise, you need to wait. The reason is simple: there are just no pension plans available in the market. This strange situation is the result of two developments: one, the insurance regulator has not approved any new pension products since November, when it came out with new guidelines on such products; and two, it had asked all insurers to withdraw all existing pension plans by January 1 this year.


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