A retirement plan is a financial product that helps you build a secure and regular income for your golden years. It ensures that you can maintain your lifestyle, meet medical expenses, and live independently even after you stop working.
Whether you’re salaried, self-employed, or a business owner, planning for retirement is essential.
š° Regular Income After Retirement
š”ļø Financial Independence in Old Age
š§¾ Tax Benefits Under Section 80C & 10(10A)
š Helps Cover Medical Costs & Emergencies
š§āāļø Peace of Mind for You and Your Family
Individuals aged 30+ looking to build a retirement fund
Those who want to stay independent post-retirement
People with no pension benefits from their employer
Anyone planning early retirement
A retirement plan helps you save and invest systematically during your working years to ensure a steady income after you retire.
The earlier, the better! Starting early helps your savings grow with the power of compounding.
It depends on your lifestyle goals, current expenses, and inflation. A financial expert can help calculate the ideal amount.
Premiums paid are tax-deductible under Section 80C. The annuity you receive post-retirement is taxable as income under current laws.
If you stop paying premiums, your plan may lapse or convert to a reduced-paid policy. Most plans have a grace period and revival options.
Some retirement plans allow partial withdrawals after a lock-in period. However, it is recommended to keep the money for retirement.
Vesting age is the age when you start receiving pension/income from your retirement plan. Usually, it’s between 45 and 60 years old.
Yes. Most retirement plans are low-risk and offer guaranteed returns or fixed annuities.
Yes. Many retirement plans offer a lump sum payout at maturity and a regular pension afterward.
Pension plans provide disciplined savings and guaranteed income, which is often more reliable than personal savings.
