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.
Why do I
need retirement planning?
retirement years: Average life spans are increasing
in India and hence, the retirement years are likely to be longer. With the rise
in inflation you will need more money to live in comfort.
independence post retirement: Earlier, people could
depend on their children to take care of them post retirement. However, as a modern
individual, would you not like to maintain your financial independence post
Inflation: Inflation is an important factor. Post retirement, you need a regular
income to ensure that your expenses can be met.
I start planning for my retirement now?
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 the benefit of a comfortable retirement, also enjoy tax benefits as per prevailing tax laws.