World’s first pension scheme with guaranteed returns in India

Dec 22, 2022 Rajeev Kumar

India will roll-out world’s first pension scheme with guaranteed returns in 2023. Check features and benefits

Minimum assured return scheme (MARS) was mandated through PFRDA Act 2013.

Minimum assured return scheme is expected to be launched by May-June 2023.

MARS would be initially available to non-govt subscribers. It may be later extended to Central and State Govt employees.

MARS will guarantee 4-5% annual returns on the pension corpus for 10 years, as per PFRDA.

The minimum contribution required for investing in MARS would be Rs 5000/year.

Individuals in the 18-50 year age bracket would be eligible to invest in MARS.

Returns from MARS may be lower than NPS because of high fund management fees. However, returns will be guaranteed.

After 10 years, corpus could be reinvested in MARS at guaranteed rate of return or in normal NPS schemes without guarantee.

Want to know more about the minimum assured return scheme?

World’s first pension scheme with guaranteed returns in India

World’s first pension scheme with guaranteed returns in India

Coming Soon!

Coming Soon!

India will roll-out world’s first pension scheme with guaranteed returns in 2023. Check features and benefits

India will roll-out world’s first pension scheme with guaranteed returns in 2023. Check features and benefits

Minimum assured return scheme (MARS) was mandated through PFRDA Act 2013.

Minimum assured return scheme (MARS) was mandated through PFRDA Act 2013.

Minimum assured return scheme is expected to be launched by May-June 2023.

Minimum assured return scheme is expected to be launched by May-June 2023.

MARS launch

MARS launch

MARS would be initially available to non-govt subscribers. It may be later extended to Central and State Govt employees.

MARS would be initially available to non-govt subscribers. It may be later extended to Central and State Govt employees.

MARS: Eligibility

MARS: Eligibility

MARS will guarantee 4-5% annual returns on the pension corpus for 10 years, as per PFRDA.

MARS will guarantee 4-5% annual returns on the pension corpus for 10 years, as per PFRDA.

Guaranteed Returns

Guaranteed Returns

The minimum contribution required for investing in MARS would be Rs 5000/year.

The minimum contribution required for investing in MARS would be Rs 5000/year.

Minimum contribution

Minimum contribution

Individuals in the 18-50 year age bracket would be eligible to invest in MARS.

Individuals in the 18-50 year age bracket would be eligible to invest in MARS.

MARS: Age limit

MARS: Age limit

Returns from MARS may be lower than NPS because of high fund management fees. However, returns will be guaranteed.

Returns from MARS may be lower than NPS because of high fund management fees. However, returns will be guaranteed.

Is it better than NPS?

Is it better than NPS?

After 10 years, corpus could be reinvested in MARS at guaranteed rate of return or in normal NPS schemes without guarantee.

After 10 years, corpus could be reinvested in MARS at guaranteed rate of return or in normal NPS schemes without guarantee.

Reinvestment

Reinvestment

Want to know more about the minimum assured return scheme?

Want to know more about the minimum assured return scheme?