Dekut - Which Pension Plan is Best in India A pension plan is an investment option which helps in allocating your savings to accumulate a corpus over a certain period of time. Pension plan provides with a steady and guaranteed regular source of income after you have stopped working. It provides you with financial security so that you will not have to compromise on your living standards even after your retirement. There are two annuity plans which are Deferred Annuity Plan and Immediate Annuity Plan Tue, 04 Feb 2020 11:45:40 UTC en