Should I invest in Atal Pension, NPS or ULIP for my requirement?

by Sunny Sharma SEO Consultant

Investment Big Mag thinks that investment in best stocks is an important decision that one can make in his or her life. When we start earning well, we start thinking about the investment ideas to be made. There are several ways & investment schemes used by people to invest their lifetime earned money. One must be having several things on mind about how to invest earned money on different schemes. There are different financial instruments available where one can safely invest their money. Some of them are investment in shares, Fixed Deposits, Pensions, Bonds, Mutual Funds, Financial Schemes, Insurance & many more. There are also new financial instruments where one can safely invest their income such as Atal Pension Yojana, NPS (National Pension Scheme), ULIP (Unit Linked Insurance Policy) & many more to safeguard your & family’s precious lives. So let’s discuss these concepts in this finance blog:

Atal Pension

Atal Pension Yojana is pension scheme launched by the Government of India in the year 2015. This scheme targets the unorganised sector of the nation. As per the reports of 2015 year, there were only 20% population of India possessed the pension scheme. Hence this particular scheme has an aim to increase the number of pension holders. One can invest any number of amount in the pension & can get interest of 7-8% as interest for the pension. The Central Government will also help people to contribute 50% of the total contribution or ₹.1, 000 whichever is lower. This can relief people from financial problems & help them to make optimum use of pension.

National Pension Scheme (NPS)

The National Pension Scheme is specially designed for the Government Employees between the ages 18 to 60 years in the year 2009. The NPS was initiated with the decision of Indian Government to stop maximum benefit pensions for all the employees. People will receive a good amount of interest.

Unit Linked Insurance Policy (ULIP)

A Unit Linked Insurance Policy is a financial product offered to the people that provides them both the insurance as well as investment under an integrated investment plan. This is an investment plan that is linked to capital market & provides flexibility for investing in the equity as well as debt funds as per risk management. The investor will collect the money from all investors & will invest the same in the funds. The invested money is then divided into units that has certain face value.