Understanding if NPS Works For You

Episode 28 of the Let's Talk Money with Monika Halan podcast, hosted by Monika Halan, titled "Understanding if NPS Works For You" was published on May 30, 2024 and runs 18 minutes.

May 30, 2024 ·18m · Let's Talk Money with Monika Halan

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Summary

On Let’s Talk Money, we’re going back to the past to bring back some of our favourite bits of the podcast… just in case you missed it. This week, Monika unravels the backstory of the National Pension System (NPS), tracing its origins from the OASIS Project committee to its implementation by the Indian government. Learn how the NPS emerged as a defined contribution, low-cost scheme to address old age security concerns, particularly for those outside the organised sector. Discover the intricacies of the NPS, its investment options, tax benefits, and considerations for individuals seeking long-term financial stability. Tune in for practical advice on navigating the complexities of retirement planning with the NPS. Monika also answers your questions about money back and endowment policies, and whether you should opt for a regular plan or a direct plan while investing! Let’s Talk Money is coming back from break soon! The next time you tune in, we’ll have a whole new episode for you. See you soon! If you’d like to go back to the original featured, click the links below: (00:47 - 06:10) Is NPS the Ultimate Retirement Solution? (06:21 - 14:25) What Should I Do With My ULIPs, Money-Back & Endowment Policies? (14:28 - 17:41) Regular Commission Based Plan vs Direct Plan If you have financial questions that you’d like answers for, please email us at [email protected] NPS is a good product that lives in a bad market https://www.monikahalan.com/indias-retail-finance-market-is-a-commission-driven-sales-push-market-that-has-replicated-the-lessons-from-the-packaged-consumer-goods-industry-with-disastrous-results/ Monika’s columns on life insurance https://www.monikahalan.com/the-very-high-front-incentives-are-triggering-massive-mis-selling-and-fraud-in-life-insurance-i-worry-that-as-the-unbanked-now-get-into-the-formal-financial-system-we-are-setting-them-up-for-financi/ https://www.monikahalan.com/opinion-smart-people-dont-buy-money-back-life-insurance/ Life insurance calculator https://investor.sebi.gov.in/calculators/Insurance_Calculator_YoungEarners.html https://investor.sebi.gov.in/calculators/Married_with_KidEarners.html Monika’s book on basic money management https://www.monikahalan.com/lets-talk-money-english/ Monika’s book on mutual funds https://www.monikahalan.com/lets-talk-mutual-funds/ Calculators https://investor.sebi.gov.in/calculators/index.html You can find Monika on her social media @monikahalan. Twitter @MonikaHalan Instagram @MonikaHalan Facebook @MonikaHalan This is a Maed In India Production; check us out at www.maedinindia.in Creative Director: Mae Mariyam Thomas Project Manager: Shaun Fanthome Head of Audio: Kartik Kulkarni Producer: Meghna Gulati Sound Editor: Kartik Kulkarni Artwork: Alika Gupta

Episode Description

On Let’s Talk Money, we’re going back to the past to bring back some of our favourite bits of the podcast… just in case you missed it.

This week, Monika unravels the backstory of the National Pension System (NPS), tracing its origins from the OASIS Project committee to its implementation by the Indian government. Learn how the NPS emerged as a defined contribution, low-cost scheme to address old age security concerns, particularly for those outside the organised sector. Discover the intricacies of the NPS, its investment options, tax benefits, and considerations for individuals seeking long-term financial stability. Tune in for practical advice on navigating the complexities of retirement planning with the NPS.

Monika also answers your questions about money back and endowment policies, and whether you should opt for a regular plan or a direct plan while investing!

Let’s Talk Money is coming back from break soon! The next time you tune in, we’ll have a whole new episode for you. See you soon!

If you’d like to go back to the original featured, click the links below:

(00:47 - 06:10) Is NPS the Ultimate Retirement Solution?

(06:21 - 14:25) What Should I Do With My ULIPs, Money-Back & Endowment Policies?

(14:28 - 17:41) Regular Commission Based Plan vs Direct Plan

If you have financial questions that you’d like answers for, please email us at [email protected]

NPS is a good product that lives in a bad market

https://www.monikahalan.com/indias-retail-finance-market-is-a-commission-driven-sales-push-market-that-has-replicated-the-lessons-from-the-packaged-consumer-goods-industry-with-disastrous-results/

Monika’s columns on life insurance

https://www.monikahalan.com/the-very-high-front-incentives-are-triggering-massive-mis-selling-and-fraud-in-life-insurance-i-worry-that-as-the-unbanked-now-get-into-the-formal-financial-system-we-are-setting-them-up-for-financi/

https://www.monikahalan.com/opinion-smart-people-dont-buy-money-back-life-insurance/

Life insurance calculator