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The License to CSC e-Governance Services India Limited has been granted on 12th Sept 2013 by Insurance Regulatory and Development Authority (IRDA) to work as an Authorized Intermediary to market specifically approved insurance products through the Rural Authorised Persons (Village Level Entrepreneur’s) under the CSC Scheme of National e-Governance Plan under the IRDA Guidelines on Common Service Centres, 2013. To learn more click here
List Of Insurance Services
| Name | Description |
|---|---|
| Life Insurance Premium Payment | A VLE can make premium payment of their Life Insurance policies of any of the company listed on the Portal. |
| Insurance Sales | A licensed RAP can sell the various types of insurance through Digital Seva, like, life insurance, Cattle Insurance and crop Insurance |
| RAP Registration | By becoming a Rural Authorized Person (RAP), you would be able to sell Insurance products through Digital Seva portal. To become a RAP VLE has to complete the RAP training modules and pass in RAP exam conducted by NIELIT. |
| VLE-Insurance Registration | RAP’s can help customers for making changes & Register Claim against their policies. |
Life Insurance
Life Insurance is a financial cover for a contingency linked with human life, like death, disability, accident, retirement etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is loss of income to the household.
Though human life cannot be valued, a monetary sum could be determined based on the loss of income in future years. Hence, in life insurance, the Sum Assured ( or the amount guaranteed to be paid in the event of a loss) is by way of a ‘benefit’. Life Insurance products provide a definite amount of money in case the life insured dies during the term of the policy or becomes disabled on account of an accident.
Importance of Life Insurance
- It ensures that your immediate family has some financial support in the event of your demise
- It provides financial aid to your children’s education and other needs
- It helps to have a savings plan for the future so that you have a constant source of income after retirement
- It makes sure that you have extra income when your earnings are reduced due to serious illness or accident
- It aids in providing other financial contingencies and life style requirements
Who Needs Life Insurance?
Primarily, anyone who has a family to support and is an income earner needs Life Insurance. In view of the economic value of their contribution to the family, housewives too need life insurance cover. Even children can be considered for life insurance in view of their future income potential being at risk.
What Do You Determine Your Life Insurance Coverage?
- How many dependants you have?
- What kind of lifestyle you want to provide for your family?
- How much you need for your children’s education?
- What your investment needs are?
- What your affordability is?
Motor Comprehensive
Motor Comprehensive is one of the most common kinds of vehicle insurance. This is for a fact as it not only covers third-party liabilities and losses, but it also covers for damages caused to the insurer and the vehicle.
Following are some of the important benefits of Motor Comprehensive Insurance Policy:
- Covers for Your Car’s Damages: The most important benefit of buying Motor Comprehensive is that it protects your car from any unfortunate damages and losses due to accidents, collisions, fires, etc. This way, you don’t only save on unforeseen expenses but, also ensure your car will stay in good shape, even in the case of a mishap.
- Opt for Add-Ons for Better Coverage: Most people prefer comprehensive car insurance because you can customize your policy just the way you want, by picking add-ons to extend the kind of coverage your car can receive. Some of these add-ons include the return to invoice cover, engine and gearbox protection and, consumables cover amongst others.
- Cost Effective: Motor Comprehensive is a lot more cost effective since the coverage and benefits you receive with a comprehensive insurance is a lot higher, saving you a lot of money in the long run.
- Protects your Car During Natural Disasters: Natural disasters cannot be controlled by anyone. But, with motor comprehensive you can at least protect your car from any damages that are caused due to the same.
- Compensates you in case of Car Theft: Car theft is heartbreaking, in moments you find yourself helpless when your car is being stolen by someone. Thankfully, comprehensive car insurance can help you in this case by compensating for the loss of the same.
- You Can opt for Breakdown Assistance: A Breakdown Assistance is one of the many add-ons available in comprehensive car insurance. But, what makes this add-on special is that it never counts a claim.
Motor Third Party
As per the Motor Vehicles Act, 1988, it is mandatory to buy Third Party Insurance for anybody who owns, buys or drive a motor vehicle. Motor Third Party, which is also known as liability cover is a policy which protects the car owner or driver of the vehicle against any legal liability, accidental liability, financial loss or property damage, medical expense cover in the event of an injury to or even death of any third party arising out of their vehicle.
What is covered under Motor Third Party?
- Death or bodily injury to a third party
- Accidental death of a third-party
- Damage to third party property
- Permanent total disabilities of a third-person
Benefits of Motor Third Party
- Easy and Fast Process: Third party car insurance policies are easy to buy or renew along with being easily accessible. They can also be bought or renewed online, which is a fairly quick and simple process to fulfill when opting for the third party car insurance. Hence, it can easily be availed by anyone as per their time and convenience.
- Cost-Effective and Beneficial: The inclusion of third party vehicle liability insurance component is extremely cost-effective and beneficial in terms of financial costs and premiums. Also, when calculating the compensation, the evaluation is done on the income of the insurer.
- Easy Round the Clock Availability: Unlike other policies that are limited to only the traditional offline method of renewal or application, Third party car insurance policies or renewal of the policy is easily available online round-the-clock, that is, 24×7, 365 days a year from any location.
Health Insurance
Health Insurance is a type of insurance that covers your medical expenses. A health insurance policy is a contract between an insurer and an individual/group in which the insurer agrees to provide the specified health insurance cover at a particular premium subject to terms and conditions specified in the policy.
Types of Health Insurance:
- Indemnity Plan: Indemnity based insurance plan covers the hospitalization expenses along with having subtypes like Individual Insurance, Family Floater Insurance, Senior Citizen Insurance and Group Medical Insurance. For example Arogya Sanjeevni, Corona Kavach and various other insurance company specific products.
- Fixed Benefit Plan: Under this plan, a fixed amount is paid for pre-decided diseases like critical illness, cancer, heart diseases, etc. Fixed Benefit Plan also has its subtypes like Preventive Insurance, Critical illness, Personal Accident. Some of its products are Personal Accident, Corona Rakshak, Hospi Care. Etc.
| Following are the Health Insurance Policies that are available on the Digital Seva Portal: | ||
| Arogya Sanjeevni | Corona Kavach | Corona Rakshak |
| IC Specific Health Indemnity Plans | Hospital Daily Cash | Personal Accident |
Benefits of Health Insurance:
- Coverage against medical expenses: Health insurance plans protects you from high medical costs. It covers various expenses like domiciliary expenses, hospitalization expenses, day care procedures, and ambulance charges, etc. In case of an emergency, you can rest assured of the medical expenses and focus on your health without any financial pressure.
- Coverage against critical illnesses: Various Insurance Companies offer critical illness insurance, either as a standalone plan or as a rider. Such insurance policies offer coverage against life-threatening diseases such as bone marrow transplant, kidney failure, stroke, and loss of limbs, among others. Upon diagnosis of any of the critical illness from the predetermined list of your policy, you are entitled to receive a lump sum amount. This amount may be used to meet your illness-related treatment costs, daily expenses, and any other financial obligations.
- Cashless Claim Benefit:Under cashless claim benefit, one does not need to make any out-of-pocket payments. The hospitalization expenses are settled between your insurer and the hospital. One must get admitted to the hospital that comes under your insurance company’s panel in order to avail this benefit. You would need to fill up a pre-authorization form and display your health insurance card to enjoy the cashless facility.
- Tax Benefit: Health care plans provide tax benefits. Premiums paid towards your health care policy are eligible for tax deductions under Section 80D of the Income Tax Act, 1961.
National Pension System
National Pension System (NPS) is a voluntary, defined contribution scheme that is introduced by the Government of India, with the objective of extending the old age financial security to all the citizens who opt for this scheme.National Pension System (NPS) is an easily accessible, low cost, tax-efficient, flexible and portable retirement savings account. NPS is a voluntary, defined contribution retirement savings scheme designed to enable the subscribers to make optimum decisions regarding their future through systematic savings during their working life. NPS seeks to inculcate the habit of saving for retirement amongst the citizens. It is an attempt towards finding a sustainable solution to the problem of providing adequate retirement income to every citizen of India.
Under the NPS, individuals can accumulate a pension corpus during their work life to meet their post-retirement financial needs. These contributions would grow and accumulate over the years, depending on the returns earned on the investment made.The greater the value of the contributions made, the greater the investments achieved, the longer the term over which the fund accumulates and the lower the charges deducted, the larger would be the eventual benefit of the accumulated pension wealth likely to be. .
Benefits of National Pension System
- It is voluntary – A Subscriber can contribute at any point of time in a Financial Year and also change the amount he wants to set aside and save every year.
- It is Economical : NPS is one of the lowest cost investment products available.
- It is flexible – Subscribers can choose their own investment options and pension fund.
- It is portable – Subscribers can operate their account from anywhere, even if they change the city and/or employment.
- It is regulated – NPS is regulated by PFRDA, with transparent investment norms and regular monitoring and performance review of fund managers by NPS Trust
- It saves Additional Tax – Contributions made are eligible for additional tax deduction benefit on voluntary contribution of up to Rs. 50,000/-under section 80CCD (1B), over and above Rs.1,50,000/-u/s 80C.
Who should invest in NPS?
The NPS is a good scheme for anyone who wants to plan for their retirement early on and has a low-risk appetite. A regular pension (income) in retirement years will no doubt be a boon, especially for those individuals who retire from private sector jobs.A systematic investment like this can make a massive difference to the subscriber’s life post-retirement. In fact, Salaried people who want to make the most of the 80C deductions can also consider this scheme.
Fund Managers returns as on 15th March 2024
| SCHEME – E Tier-I | ||||||||||
| Pension Fund | Inception Date | AUM (Rs Crs) | Subscribers | NAV | Returns 1 Year | Returns 3 Years | Returns 5 Years | Returns 7 Years | Returns 10 Years | Returns Inception |
| Aditya Birla Sun Life Pension Management Ltd. | 09-May-17 | 588.12 | 53,645 | 24.8148 | 35.53% | 16.08% | 15.62% | NA | NA | 14.18% |
| Axis Pension Fund Management Limited | 21-Oct-22 | 813.32 | 1,01,332 | 12.5963 | 33.92% | NA | NA | NA | NA | 17.92% |
| HDFC Pension Management Co. Ltd. | 01-Aug-13 | 34,970.05 | 18,94,652 | 45.9944 | 34.10% | 16.14% | 16.09% | 14.91% | 14.72% | 15.44% |
| ICICI Pru. Pension Fund Mgmt Co. Ltd. | 18-May-09 | 11,790.78 | 7,34,906 | 62.5695 | 38.42% | 17.51% | 16.32% | 14.66% | 14.46% | 13.16% |
| Kotak Mahindra Pension Fund Ltd. | 15-May-09 | 2,014.97 | 1,12,452 | 57.0160 | 34.50% | 16.88% | 16.31% | 14.63% | 14.40% | 12.44% |
| LIC Pension Fund Ltd. | 23-Jul-13 | 5,015.61 | 4,09,672 | 39.1153 | 34.09% | 17.08% | 15.43% | 13.69% | 13.53% | 13.66% |
| Max Life Pension Fund Management Limited | 12-Sep-22 | 167.86 | 14,631 | 12.4905 | 36.03% | NA | NA | NA | NA | 15.90% |
| SBI Pension Funds Pvt. Ltd | 15-May-09 | 16,372.24 | 16,53,385 | 50.4700 | 34.15% | 15.75% | 14.80% | 13.82% | 13.87% | 11.52% |
| Tata Pension Management Pvt. Ltd. | 19-Aug-22 | 326.77 | 28,402 | 13.5336 | 38.97% | NA | NA | NA | NA | 21.22% |
| UTI Retirement Solutions Ltd. | 21-May-09 | 2,088.60 | 1,17,546 | 60.8023 | 36.55% | 16.95% | 15.51% | 14.33% | 14.52% | 12.95% |
| DSP Pension Fund Managers Private Limited | 26-Dec-23 | 37.90 | 1,644 | 10.2394 | NA | NA | NA | NA | NA | 2.39% |
| SCHEME – C Tier-I | ||||||||||
| Pension Fund | Inception Date | AUM (Rs Crs) | Subscribers | NAV | Returns1 Year | Returns 3 Years | Returns 5 Years | Returns 7 Years | Returns 10 Years | Returns Inception |
| Aditya Birla Sun Life Pension Management Ltd. | 09-May-17 | 289.38 | 53,272 | 17.3130 | 8.79% | 6.65% | 8.26% | NA | NA | 8.34% |
| Axis Pension Fund Management Limited | 21-Oct-22 | 487.14 | 99,031 | 11.0786 | 8.55% | NA | NA | NA | NA | 7.59% |
| HDFC Pension Management Co. Ltd. | 01-Aug-13 | 14045.72 | 18,64,554 | 25.7156 | 8.86% | 6.82% | 8.54% | 8.16% | 9.29% | 9.29% |
| ICICI Pru. Pension Fund Mgmt Co. Ltd. | 18-May-09 | 5525.24 | 7,25,522 | 38.8068 | 8.65% | 6.49% | 8.03% | 7.87% | 9.18% | 9.57% |
| Kotak Mahindra Pension Fund Ltd. | 15-May-09 | 818.18 | 1,09,361 | 37.2756 | 8.59% | 6.46% | 7.45% | 7.34% | 8.71% | 9.27% |
| LIC Pension Fund Ltd. | 23-Jul-13 | 2718.68 | 4,08,995 | 25.1375 | 8.44% | 6.43% | 8.20% | 7.81% | 8.98% | 9.04% |
| Max Life Pension Fund Management Limited | 12-Sep-22 | 106.91 | 14,395 | 11.0848 | 8.19% | NA | NA | NA | NA | 7.07% |
| SBI Pension Funds Pvt. Ltd | 15-May-09 | 8174.36 | 16,44,150 | 38.9395 | 8.56% | 6.38% | 8.04% | 7.92% | 9.04% | 9.59% |
| Tata Pension Management Pvt. Ltd. | 19-Aug-22 | 147.17 | 27,368 | 11.0710 | 8.49% | NA | NA | NA | NA | 6.68% |
| UTI Retirement Solutions Ltd. | 21-May-09 | 894.51 | 1,16,212 | 34.4859 | 8.62% | 6.27% | 7.76% | 7.55% | 8.73% | 8.71% |
| DSP Pension Fund Managers Private Limited | 26-Dec-23 | 20.19 | 1,586 | 10.1906 | NA | NA | NA | NA | NA | 1.91% |
| SCHEME – G Tier-I | ||||||||||
| Pension Fund | Inception Date | AUM (Rs Crs) | Subscribers | NAV | Returns 1 Year | Returns 3 Years | Returns 5 Years | Returns 7 Years | Returns 10 Years | Returns Inception |
| Aditya Birla Sun Life Pension Management Ltd. | 09-May-17 | 521.75 | 53,323 | 16.9221 | 10.35% | 6.85% | 8.51% | NA | NA | 7.98% |
| Axis Pension Fund Management Limited | 21-Oct-22 | 711.62 | 99,171 | 11.2958 | 9.70% | NA | NA | NA | NA | 9.09% |
| HDFC Pension Management Co. Ltd. | 01-Aug-13 | 23509.88 | 18,55,534 | 25.2177 | 10.16% | 6.59% | 8.51% | 8.13% | 9.42% | 9.09% |
| ICICI Pru. Pension Fund Mgmt Co. Ltd. | 18-May-09 | 9089.23 | 7,21,236 | 33.6517 | 10.14% | 6.60% | 8.29% | 8.01% | 9.41% | 8.52% |
| Kotak Mahindra Pension Fund Ltd. | 15-May-09 | 1429.09 | 1,09,168 | 33.6869 | 10.29% | 6.75% | 8.46% | 8.10% | 9.49% | 8.53% |
| LIC Pension Fund Ltd. | 23-Jul-13 | 5112.82 | 4,25,088 | 27.1965 | 10.11% | 6.71% | 8.66% | 8.59% | 10.02% | 9.85% |
| Max Life Pension Fund Management Limited | 12-Sep-22 | 256.35 | 18,001 | 11.4335 | 10.30% | NA | NA | NA | NA | 9.30% |
| SBI Pension Funds Pvt. Ltd | 15-May-09 | 16839.33 | 16,56,028 | 36.4144 | 10.40% | 6.54% | 8.31% | 8.05% | 9.50% | 9.10% |
| Tata Pension Management Pvt. Ltd. | 19-Aug-22 | 229.48 | 27,838 | 11.3972 | 10.06% | NA | NA | NA | NA | 8.67% |
| UTI Retirement Solutions Ltd. | 21-May-09 | 1654.36 | 1,14,455 | 32.5579 | 10.35% | 6.56% | 8.22% | 7.78% | 9.20% | 8.29% |
| DSP Pension Fund Managers Private Limited | 26-Dec-23 | 32.33 | 1,586 | 10.3955 | NA | NA | NA | NA | NA | 3.96% |
| SCHEME -A Tier-I | ||||||||||
| Pension Fund | Inception Date | AUM (Rs Crs) | Subscribers | NAV | Returns 1 Year | Returns 3 Years | Returns 5 Years | Returns 7 Years | Returns 10 Years | >Returns Inception |
| Aditya Birla Sun Life Pension Management Ltd. | 15-May-17 | 3.61 | 4,468 | 15.3841 | 11.37% | 7.32% | 6.28% | NA | NA | 6.50% |
| Axis Pension Fund Management Limited | 21-Oct-22 | 1.20 | 6,775 | 10.9295 | 6.94% | NA | NA | NA | NA | 6.55% |
| HDFC Pension Management Co. Ltd. | 10-Oct-16 | 230.80 | 1,76,908 | 18.3755 | 11.97% | 8.86% | 9.14% | 8.69% | NA | 8.53% |
| ICICI Pru. Pension Fund Mgmt Co. Ltd. | 21-Nov-16 | 48.81 | 58,063 | 16.2141 | 10.02% | 6.66% | 7.07% | 6.84% | NA | 6.83% |
| Kotak Mahindra Pension Fund Ltd. | 14-Oct-16 | 12.17 | 9,409 | 16.6284 | 14.03% | 6.51% | 8.00% | 7.25% | NA | 7.09% |
| LIC Pension Fund Ltd. | 13-Oct-16 | 18.00 | 23,613 | 17.1791 | 8.74% | 7.23% | 7.90% | 7.70% | NA | 7.56% |
| Max Life Pension Fund Management Limited | 12-Sep-22 | 0.15 | 468 | 9.4896 | 7.05% | NA | NA | NA | NA | -3.42% |
| SBI Pension Funds Pvt. Ltd | 13-Oct-16 | 75.74 | 98,797 | 18.6797 | 13.72% | 7.91% | 9.53% | 8.93% | NA | 8.78% |
| Tata Pension Management Pvt. Ltd. | 19-Aug-22 | 1.91 | 2,800 | 11.2886 | 9.22% | NA | NA | NA | NA | 8.01% |
| UTI Retirement Solutions Ltd. | 14-Oct-16 | 9.65 | 8,193 | 15.4034 | 7.45% | 6.57% | 5.52% | 5.99% | NA | 5.99% |
| DSP Pension Fund Managers Private Limited | 27-Dec-23 | 0.09 | 137 | 10.1245 | NA | NA | NA | NA | NA | 1.24% |
| SCHEME – E Tier-II | ||||||||||
| Pension Fund | Inception Date | AUM (Rs Crs) | Subscribers | >NAV | Returns 1 Year | Returns 3 Years | Returns 5 Years | Returns 7 Years | Returns 10 Years | Returns Inception |
| Aditya Birla Sun Life Pension Management Ltd. | 09-May-17 | 32.71 | 14,120 | 24.8608 | 36.14% | 16.27% | 15.82% | NA | NA | 14.21% |
| Axis Pension Fund Management Limited | 21-Oct-22 | 6.21 | 5,607 | 12.6685 | 34.53% | NA | NA | NA | NA | 18.41% |
| HDFC Pension Management Co. Ltd. | 01-Aug-13 | 1,147.67 | 2,51,296 | 39.7877 | 34.46% | 16.20% | 16.10% | 14.95% | 14.17% | 13.88% |
| ICICI Pru. Pension Fund Mgmt Co. Ltd. | 21-Dec-09 | 425.24 | 91,393 | 49.5516 | 38.40% | 17.52% | 16.40% | 14.75% | 14.52% | 11.89% |
| Kotak Mahindra Pension Fund Ltd. | 14-Dec-09 | 116.47 | 25,078 | 50.1236 | 34.48% | 16.86% | 16.12% | 14.51% | 14.29% | 11.97% |
| LIC Pension Fund Ltd. | 12-Aug-13 | 149.06 | 68,481 | 32.5049 | 33.18% | 16.77% | 15.32% | 13.52% | 12.73% | 11.77% |
| Max Life Pension Fund Management Limited | 12-Sep-22 | 1.21 | 1,675 | 13.1834 | 35.32% | NA | NA | NA | NA | 20.13% |
| SBI Pension Funds Pvt. Ltd | 14-Dec-09 | 509.39 | 2,36,466 | 46.5689 | 33.62% | 15.62% | 14.81% | 13.85% | 13.91% | 11.39% |
| Tata Pension Management Pvt. Ltd. | 19-Aug-22 | 21.72 | 7,905 | 13.4978 | 38.86% | NA | NA | NA | NA | 21.01% |
| UTI Retirement Solutions Ltd. | 14-Dec-09 | 87.64 | 25,712 | 49.0500 | 34.64% | 16.21% | 15.28% | 14.30% | 14.54% | 11.80% |
| DSP Pension Fund Managers Private Limited | 27-Dec-23 | 0.66 | 428 | 9.8524 | NA | NA | NA | NA | NA | -1.48% |
| SCHEME – C Tier-II | ||||||||||
| Pension Fund | Inception Date | AUM (Rs Crs) | Subscribers | NAV | Returns 1 Year | Returns 3 Years | Returns 5 Years | Returns 7 Years | Returns 10 Years | Returns Inception |
| Aditya Birla Sun Life Pension Management Ltd. | 09-May-17 | 12.80 | 13,938 | 16.7169 | 8.76% | 6.73% | 8.10% | NA | NA | 7.78% |
| Axis Pension Fund Management Limited | 21-Oct-22 | 2.01 | 5,332 | 10.9331 | 6.85% | NA | NA | NA | NA | 6.58% |
| HDFC Pension Management Co. Ltd. | 01-Aug-13 | 430.68 | 2,43,418 | 24.0490 | 8.81% | 6.63% | 8.31% | 8.04% | 8.56% | 8.61% |
| ICICI Pru. Pension Fund Mgmt Co. Ltd. | 21-Dec-09 | 185.90 | 89,583 | 35.9403 | 8.57% | 6.36% | 7.94% | 7.77% | 9.10% | 9.40% |
| Kotak Mahindra Pension Fund Ltd. | 14-Dec-09 | 40.78 | 24,308 | 32.4805 | 8.34% | 6.22% | 7.71% | 7.52% | 8.75% | 8.61% |
| LIC Pension Fund Ltd. | 12-Aug-13 | 77.96 | 68,545 | 23.8654 | 8.42% | 6.34% | 8.54% | 7.97% | 8.74% | 8.55% |
| Max Life Pension Fund Management Limited | 12-Sep-22 | 0.26 | 1,497 | 11.0197 | 7.12% | NA | NA | NA | NA | 6.66% |
| SBI Pension Funds Pvt. Ltd | 14-Dec-09 | 237.70 | 2,34,822 | 34.8227 | 8.30% | 5.95% | 7.55% | 7.56% | 8.75% | 9.14% |
| Tata Pension Management Pvt. Ltd. | 19-Aug-22 | 4.43 | 7,449 | 11.1512 | 8.39% | NA | NA | NA | NA | 7.17% |
| UTI Retirement Solutions Ltd. | 14-Dec-09 | 33.71 | 25,491 | 32.9932 | 8.57% | 6.22% | 7.72% | 7.56% | 8.71% | 8.73% |
| DSP Pension Fund Managers Private Limited | 27-Dec-23 | 0.19 | 389 | 10.1329 | NA | NA | NA | NA | NA | 1.33% |
| SCHEME – G Tier-II | ||||||||||
| Pension Fund | Inception Date | AUM (Rs Crs) | Subscribers | NAV | Returns 1 Year | Returns 3 Years | Returns 5 Years | Returns 7 Years | Returns 10 Years | Returns Inception |
| Aditya Birla Sun Life Pension Management Ltd. | 09-May-17 | 25.04 | 13,805 | 16.2434 | 9.95% | 6.78% | 8.41% | NA | NA | 7.33% |
| Axis Pension Fund Management Limited | 21-Oct-22 | 3.08 | 5,289 | 11.1445 | 8.86% | NA | NA | NA | NA | 8.05% |
| HDFC Pension Management Co. Ltd. | 01-Aug-13 | 640.48 | 2,40,759 | 25.5193 | 10.17% | 6.53% | 8.27% | 8.01% | 9.27% | 9.22% |
| ICICI Pru. Pension Fund Mgmt Co. Ltd. | 30-Dec-09 | 278.12 | 87,579 | 32.2341 | 10.01% | 6.63% | 8.27% | 8.01% | 9.40% | 8.58% |
| Kotak Mahindra Pension Fund Ltd. | 14-Dec-09 | 69.95 | 23,994 | 31.1020 | 9.92% | 6.56% | 8.14% | 7.81% | 9.29% | 8.28% |
| LIC Pension Fund Ltd. | 12-Aug-13 | 209.01 | 71,211 | 27.6121 | 10.11% | 6.82% | 8.69% | 8.76% | 10.02% | 10.06% |
| Max Life Pension Fund Management Limited | 12-Sep-22 | 0.72 | 1,511 | 11.1598 | 8.47% | NA | NA | NA | NA | 7.55% |
| SBI Pension Funds Pvt. Ltd | 14-Dec-09 | 476.12 | 2,35,571 | 34.5224 | 10.40% | 6.51% | 8.17% | 7.90% | 9.41% | 9.08% |
| Tata Pension Management Pvt. Ltd. | 19-Aug-22 | 8.00 | 7,428 | 11.4458 | 10.16% | NA | NA | NA | NA | 8.97% |
| UTI Retirement Solutions Ltd. | 14-Dec-09 | 64.55 | 25,369 | 33.3596 | 10.05% | 6.44% | 8.15% | 7.81% | 9.25% | 8.82% |
| DSP Pension Fund Managers Private Limited | 27-Dec-23 | 0.16 | 376 | 10.1335 | NA | NA | NA | NA | NA | 1.34% |
| SCHEME- NPS Lite | ||||||||||
| Pension Fund | Inception Date | AUM (Rs Crs) | Subscribers | NAV | Returns 1 Year | Returns 3 Years | Returns 5 Years | Returns 7 Years | Returns 10 Years | Returns Inception |
| Kotak Mahindra Pension Fund Ltd. | 30-Jan-12 | 86.04 | 22,644 | 30.4976 | 12.78% | 8.10% | 9.09% | 8.64% | 9.79% | 9.63% |
| LIC Pension Fund Ltd. | 04-Oct-10 | 1,617.14 | 26,11,505 | 35.1864 | 12.37% | 7.99% | 9.28% | 8.89% | 10.00% | 9.80% |
| SBI Pension Funds Pvt. Ltd | 16-Sep-10 | 2,237.50 | 33,04,362 | 35.2379 | 12.74% | 7.91% | 9.08% | 8.73% | 9.91% | 9.78% |
| UTI Retirement Solutions Ltd. | 04-Oct-10 | 1,583.72 | 26,11,530 | 34.9467 | 12.65% | 7.89% | 9.08% | 8.74% | 9.86% | 9.75% |
Tax Benefits under NPS
A tax exemption of Rs.1.5 lakh can be claimed on the employee’s and employer’s contribution towards the National Pension System (NPS). Tax benefits can be claimed under following sections of the Income Tax Act:
- Rs. 1,50,000 as per section 80CCD(1), which comes under Section 80C, covers self-contribution. Salaried employees can claim a maximum deduction of 10% of their salary, while self-employed individuals can claim up to 20% of their gross income.
- 80CCD(2), The maximum amount that an individual is eligible for deduction is either the employer’s NPS contribution or 10% of basic salary plus Dearness Allowance (DA).which is also a part of Section 80C, covers the employer’s contribution towards NPS.
- Individual can claim Additional tax benefit on NPS investment of Rs. 50,000 for any other self-contributions under Section 80CCD(1B).
Therefore, individuals can claim up to Rs.2 lakh as tax benefits under NPS.
Source: https://insurance.csccloud.in/
Contain table:
Banking:
- Product Compliance | 006 | FY 23-24 | Initiation of Self-Attestation for Q3 F. Y. 2023-24 on New Product Compliance (PCOMP) Portal
- The Aadhaar Enabled Payment System (AePS) is a bank-led model
- AePS Live Members
- Documents Required for Opening a Current Account Online
Billionaires:
Common Service Centres:
- Common Service Centres
- Registration of CSCs
- DIGIPAY the smart, safe choice for business with easier payment gateway– in India
- Tele-Law means the use of communications and information technology for the delivery of legal information and advice
- Common Branding CSC
- Aadhaar Seva Kendra
- CSC Business Correspondents (BCs)
Education:
Indian Premier League:
- Indian Premier League 2024
- Indian Premier League 2024 Points Table
- GT Name Sandeep Warrier As Replacement For Mohd Shami
- Chennai Super Kings 2024
- RCB Squad IPL 2024
- Punjab Kings 2024
- IPL Live Score
GST & ITR and PAN Card:
