Unified Pension Scheme: Impact of UPS, NPS, and OPS on your pension
Hello, readers! In this week's Personal Finance newsletter, we’ll dive into how the Unified Pension Scheme (UPS), New Pension Scheme (NPS), and Old Pension Scheme (OPS) impact your pension. We’ll also explore how top-up home loans could put your home at risk, why 'Pay as You Drive' insurance might be a good fit for you, and much more.
Eagerly waiting for the government to introduce a better pension scheme? Last week, the Union Cabinet gave the green light to the Unified Pension Scheme (UPS), which promises that government employees will receive 50% of their last drawn salary as a pension. Set to roll out from April 1, 2025, this new scheme raises the question: What will the actual take-home difference be between the Old Pension Scheme, New Pension Scheme, and the UPS? Surbhi Gloria Singh breaks it down for you. Read here
Gift Deed or Will? Which option is right for succession and estate planning
Deciding how to distribute your assets after death is a crucial part of wealth and estate planning. In India, you typically have two main options: a gift deed or a will. The choice between them depends on various factors, including legal, financial, and personal considerations. Sunainaa Chadha provides an overview of how these options compare, including examples, tax implications, and potential risks. Read here
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Does your health insurance cover outbreaks like Mpox, dengue, Covid?
Mpox, Ebola, Covid-19, dengue—these diseases have become part of our everyday conversations, and they're appearing more often than we'd like. As these diseases rise, so do medical costs. The key question: does your health insurance cover these conditions? Read here to understand
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Sr. Advisor (Fortune 500 MNCs) | Independent Director | IAS (Retd.) Sec. GOI ('83 Batch) | MBA - IIM-A ('80) | Eco. (Hons.) - St. Stephens ('78) (DU Topper)
2 个月All adds up to a Mess
Sales Leadership | Product Management | Process Re engineering | ex HDFC Pension | ex Kotak Bank | ex Kotak Life
2 个月So many wrong in just one article. Amazed, if Business Standard has got some standard of fool proofing before publishing anything ?? Surbhi Gloria Singh
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