Increasing life expectancy rate, rising health care costs, absence of social
security system in India and disintegration of joint family system are some
of the key reasons that makes retirement planning very critical.
To help you continue celebrating your life post-retirement to the fullest,
many Life Insurance companies offer variety of pension plans.
These plans are designed to ensure that your retirement years truly
becomes your golden years. Retirement insurance ensures that
you or your family members receive a regular pension amount post a
retirement date. You have the flexibility to choose the retirement date
and the manner in which you receive the pension. The earlier you start
planning for retirement, the larger will be the corpus for you at the time of your
retirement. Neglecting your retirement needs can prove to be costly later in your life.
Apart from offering the benefit of comfortable retirement, these plans also offer
tax benefits as per the prevailing tax rates.