LIFE ASSURANCE.
Pays out a lump sum to your loved ones when you die
SHARE:
Pension Fund
Helps individuals to save towards their retirements. Contributions are done by both the individual and his or her employer if the person is employed. However, individuals can also pay towards their pension funds without company contribution. The difference is that they would be paying the whole amount by themselves.
Provident Fund
Like a Pension Fund, a Provident Fund also allows an individual to save towards their retirement. Contributions are done by both the individual and his or her employer if the person is employed. However, individuals can also pay towards their pension funds without company contribution. The difference is that they would be paying the whole amount by themselves.