Retirement Fund

Make Retirement The Best Phase In Life – Plan Now !

•Retirement is a chapter that proposes a new charter of life to a person and is a conversion from a lifetime of work towards relaxation. It is that period of time when a retired person gets to enjoy his/her life and exist in the small pleasures of life which was always left on the back burner.

•“Life begins at retirement”- a true statement, However, to maintain oneself during this period without having to rely on someone and to live life on one’s own terms and conditions, one needs to plan beforehand and this planning requires the individual to put savings into retirement plans for getting economical coverage and enjoyment in the post retirement stage of their life.

•A good retirement policy makes sure that the insured and his/her family will receive a regular income as pension and it also provides facility of choosing the retirement age and date as well in which one receives the pension amount.

•Below are the some key things that you must keep in mind while capitalizing for the retirement plans:

•Buy an insurance plan at an early age to get more benefits for post-retirement years.

•Types of Retirement Plans

Usually in India the basic types of retirement plans that are offered by the insurers are the one in which the insured will get fixed returns as stated by the insurance company along with the minimal deviation. On the other hand,

there are some plans in which the funds would be invested in debt or equity by the insurer. In the latter case, the returns depend upon the market trends. Based on these facts you can choose from any of the below mentioned retirement policies available in India.

Deferred Annuity Plans: in this you will pay the premium for certain years while you are working and would receive the pension amount after retirement.Immediate Annuity Plan: it is one of the best policies for those who have lump-sum cash. Under this, you will get pension right from the day of payment.

Pension plans or Retirement Fund are most suitable for senior citizens of the family. It provides stability to the insured in a financial and emotional manner. With a good plan, you don’t need to compromise for the good things in life and wouldn’t have to rely on others for meeting your basic needs.

•It is advisable for you to get free quotes on retirement plans online and compare them with similar products available on the different online web aggregator sites. By doing a comparison, you will get a good policy that can meet your requirements at an affordable cost.

•Don’t just go for a reduced premium but check out all the features of the plan. There are many online insurers that are providing retirement plans and insurance web aggregators that may assist you in doing the calculation which is essential for choosing a good retirement plan.

[Source: http://www.policyx.com/blogs/make-retirement-the-best-phase-in-life-plan-now/]

Read More on Retirement Fund: https://www.bajajallianz.com/Corp/retirement-plans/retirement-plans.jsp

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