Respected experts,
In western countires individual retiment accounts/personal retirement plans like deferred/immediate annuity plans are protected very well from court decree/insolvent situations,along with employer contributed plans like 401K plans.
In India Life Insurance corporation of India(LIC) offers Immediate retirement plans.The plans like jeevan Akshay VI is an example.These policies dont have surrender value,no loan is admissible against the plan.
In the event of court decree/personal insolvency situations are these retirement accounts are protected ?
Kindly offer your advises
Regards
Ramesh
