https://www.taxtmi.com/news?id=18605 Provision of an assured pension scheme for elderly persons aged 60 and above offering guaranteed periodic payments linked to an upfront subscription. The assured return mechanism guarantees a fixed return payable monthly over a ten-year policy term with subscriber-chosen payment frequency; the State subsidises any shortfall between insurer returns and the assured return. The instrument is explicitly exempted from Goods and Services Tax and is limited to eligible senior citizens under specified purchase thresholds. en-us Tue, 08 Aug 2017 16:56:13 +0530 Tue, 08 Aug 2017 16:56:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=18605 Provision of an assured pension scheme for elderly persons aged 60 and above offering guaranteed periodic payments linked to an upfront subscription. The assured return mechanism guarantees a fixed return payable monthly over a ten-year policy term with subscriber-chosen payment frequency; the State subsidises any shortfall between insurer returns and the assured return. The instrument is explicitly exempted from Goods and Services Tax and is limited to eligible senior citizens under specified purchase thresholds. News - Tue, 08 Aug 2017 16:56:13 +0530 https://www.taxtmi.com/news?id=18605