NPS like scheme for retirement: This new pension plan offers market-linked return plus term insurance; should you buy?

NPS like schemed for retirement days: ICICI Prudential Life Insurance has launched ICICI Pru Signature Pension, a market-linked pension plan plus term insurance. Investors can allocate premiums among equity, debt, and balanced funds and choose from three portfolio strategies. On maturity, 60% can be withdrawn, while 40% must be invested in an annuity scheme. The plan has no guaranteed returns. The structure of the plan is very similar to the National Pension System (NPS). How does ICICI Pru Signature Pension compare with NPS? Read on to find out