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Ans: Considering your age and investment amount, NPS (National Pension System) could be a preferable option over LIC for a pension plan. Here's a breakdown of the pros and cons of each:

NPS (National Pension System):
Pros:

Flexibility: NPS offers flexibility in choosing investment options, including equity, corporate bonds, and government securities, allowing you to tailor your portfolio based on your risk tolerance and investment goals.
Tax Benefits: Contributions to NPS are eligible for tax deductions under Section 80C, with an additional deduction of up to Rs. 50,000 under Section 80CCD(1B). Additionally, partial and lump-sum withdrawals are tax-exempt up to certain limits.
Low Cost: NPS has a relatively low-cost structure compared to traditional pension plans, with competitive fund management charges.
Cons:

Lock-in Period: NPS has a lock-in period until retirement age, with limited withdrawal options before that. Early withdrawals are subject to restrictions and penalties.
Market Risk: Since NPS invests in market-linked instruments, such as equities, there's a level of market risk involved. Returns may fluctuate based on market performance.
Limited Annuity Options: The annuity options under NPS may be limited compared to traditional pension plans offered by insurance companies like LIC.
LIC (Life Insurance Corporation):
Pros:

Guaranteed Returns: LIC pension plans typically offer guaranteed returns, providing a sense of security and predictability in retirement income.
Death Benefit: Some LIC pension plans come with a death benefit, ensuring that your nominee receives a lump sum or annuity in case of your demise.
Wide Range of Annuity Options: LIC offers a wide range of annuity options, allowing you to choose a plan that best suits your retirement needs and preferences.
Cons:

Lower Flexibility: LIC pension plans may offer limited flexibility compared to NPS in terms of investment options and withdrawal flexibility.
Higher Costs: Traditional pension plans from LIC may have higher costs compared to NPS, including administration charges and agent commissions.
Limited Tax Benefits: While premiums paid towards LIC pension plans are eligible for tax deduction under Section 80C, the overall tax benefits may be limited compared to NPS.
In conclusion, NPS tends to offer more advantages over LIC for a pension plan, given its flexibility, tax benefits, and lower costs. However, considering the potential advantages of mutual funds over NPS in terms of flexibility and potentially higher returns, you may also explore mutual fund options for your retirement planning

Ans: You can create a corpus using Mutual Funds & than use options like SWP to withdraw from mutual funds for your monthly requirements

Ans: The best way to strengthen any part or organ of the body is to appropriately challenge it with moderate amounts of stress and to then give it time to recover. You put stress on the muscles by lifting weights at the gym and they grow stronger when you take time to recover. Same concept would apply to the heart - you would challenge it with appropriate and moderate amounts of stress with cardio-vasuclar activity and then give it enough time to recover. Sun Salutations and Vinyasa styles of Yoga would be suitable for that. These should be supported by regular Pranayama practices like Box Breathing and mindfulness practices like meditation and Shavasana. Alternatively, you can consult a fitness trainer for other fitness activities suitable for your specific body type and needs.

Ans: Yes it is, as the buoyancy of the water relieves pressure from the back muscles, they relax and ease the pain. You can also visit physiotherapists who are experts in water aerobics.

Ans: Hello Gagan

As a financial advisor, I would advise you to consult a chartered accountant for specific tax planning advice. They have expertise and in-depth knowledge of tax laws and regulations and can provide you with personalized strategies to minimize your tax liability. I can assist you in creating a comprehensive financial plan, but for tax planning, it is best to consult a tax professional.

Ans: Sorry Gagan, not my area of expertise. An education counselor will be the best to answer your question.Sorry!