Retirement Planning Scheme: Nowadays everyone is planning for their future. In such a situation, it is important that you also think about your old age. If you haven’t started preparing for your retirement yet, do it today. Because if you start investing for the future while doing a job, then you will be able to easily face your old age in fun.
Nowadays there are many options available for retirement plan in the market. In these, the retirement plan related to insurance is very important. Because insurance products provide the benefits of life insurance along with savings. Apart from this, better retirement planning can be done by investing in several savings plans including mutual funds, PPF and post office.
However, insurance companies are offering many insurance plans including life insurance, term insurance, ULIP plans, money back and endowment plans to meet the demands of customers related to retirement planning. Let us know about those 5 selected retirement plans, which can prove to be helpful for you in old age.
Max Life Guaranteed Lifetime Income Plan
In Max Life Guaranteed Lifetime Income Plan, along with many benefits, you also get guaranteed fixed income after retirement. The monthly premium in this plan is Rs 10,000. There are both single and dual life annuity options and you get the option of taking the pension amount every month, 3 months, 6 months and annually.
SBI Life Saral Retirement Saver Plan
SBI Life Saral Retirement Plan helps you build a substantial retirement corpus. Along with this, it also guarantees you the future security of the family. Preferred term rider is also available in this plan, along with investing in this plan, you can also get the benefit of income tax deduction. By getting recurring reversionary bonuses during the policy period, your retirement fund grows gradually and eventually you get a hefty amount. Lump sum, monthly, biennial and annual options are available for premium payment in this plan.
LIC New Jeevan Shanti Plan
With LIC New Jeevan Shanti Plan, you can choose between Single Life for One Time Premium and Deferred Annuity for Joint Life. This plan can be purchased both online and offline. Till the end of the deferment period, additional death benefits will be paid at the end of each policy month. It has monthly, quarterly, half-yearly and annual in annuity mode. Loan facility will be available against the policy after 3 months from the completion of the policy.
Bajaj Allianz Life Long Life Goal
Bajaj Allianz Life Longlife Goal Plan, is a unit-linked plan, in which you can earn continuous income till the age of 99 years. This plan is available in two options, with premium waiver benefit and without premium waiver benefit. The plan has 4 different investment portfolio options along with Loyalty Addition every year from 5th to 25th policy year. At the same time, after the 5th year, you can also withdraw some money from it.
National Pension Scheme
If you want to invest in a tax friendly scheme, then National Pension Scheme can prove to be a very good option for you. This scheme is also safe i.e. the money invested here will not be lost. You can invest in this scheme to live a life of peace and comfort at the time of retirement. In this scheme you will get a fixed pension. After paying premium continuously for 3 years, you can withdraw money from it. Only 25% of the total deposit amount can be withdrawn before maturity.
