What are the documents required for purchasing a pension plan in India?
Answer
Answer
To buy a pension plan, an individual requires mainly three types of documents:
- Document for age proof
- Document for identity proof
- Document for address proof
For age proof, any of the following documents can be presented:
For identity proof, any of the following documents can be submitted to prove that the individual is of Indian nationality:
For address proof, any of the following documents can be submitted to support your permanent residential address.
For income proof, any of the following documents can be submitted:
Other than these proof statements, one also has to submit a duly-filled proposal form. Do note, it is very important that you provide all information as accurately as possible.
Additionally, some life insurance companies might also ask for a medical check-up before accepting your proposal for a pension plan. Accordingly, medical reports might also be required to be submitted.