Retirement Plans

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.