Pension Plan

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What is a Pension Plan? 

A pension plan ensures retirement income from insurance companies on a regular or lump sum basis for premiums paid over time. These plans help people who want to plan a peaceful retirement with much-needed financial freedom.

Why Should You Take a Pension Plan? 

    When you retire or grow old, the chances of earning money are slim, and you might have to depend on other family members for your financial needs. A pension plan provides financial freedom even in old age. You can go on a trip with your  friends or you can invest or buy something useful for your grandchildren. 

        Types of Pension Plans in India 

        • ULIP Investments 
        • Deferred Annuity   
        • Immediate Annuity   
        • Guaranteed period annuity 
        • Pension plans with life cover 
        • Annuity certain 
        • Life annuity 

          Who Should Buy a Pension Plan? 

            Every individual who wants a reasonable living standard post retirement with fixed returns every year should buy a pension plan. You can buy a pension plan even at the age of twenty. So, plan early rather than never and opt for a pension plan for a secured post-retirement life.Â