Pension Plans

Pension plans are designed to help employees accumulate funds throughout their working years to support their retirement income needs. Pension is an essential part of financial planning for any individual as it helps ensure that they have sufficient funds to support their expenses once they stop working. The funds accumulated in a pension plan grow over time, as the investment grows, so does the individual's retirement savings, providing them with a significant sum of money upon retirement.

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What is Pension Plan?

A pension plan is a type of investment plan that helps you accumulate a part of your savings over a long-term period to have a secured financial future. It helps you to deal with post-retirement and ensures a steady flow of income after retirement. Even if a person has a good amount of savings, a pension plan is nevertheless crucial.

Best Pension Plans in India 2023

Here are some of the best pension plans in India available in the market.

Pension Plans in India Entry Age Maturity Age Policy Term Tax Benefit Annuity Payable
Aditya Birla Sun life Empower Pension Plan 25-70 years of age 80 years of age 5-30 years Offers tax benefit U/S 80C of IT Act
  • Minimum: Rs. 18,000 annually
  • Maximum: No Limit
Bajaj Allianz Life LongLife Goal 0- 65 years of age 99 years of age 99 years- Entry age Offers tax benefit U/S 80C of IT Act
  • Minimum: Rs. 25,000 annually
  • Maximum: No Limit
Bajaj Allianz Pension Guaranteed Pension Plan 0-100 years of age N/A Life time Offers tax benefit U/S 80C &10(10D) of IT Act
  • Minimum: Rs. 25,000 annually
  • Maximum: No Limit
HDFC Life Click 2 Retire 18-65 years of age 45-75 years of age 10,15-35 years Offers tax benefit U/S 80C of IT Act
  • Minimum: Rs. 24,000 annually
  • Maximum: No Limit
ICICI Pru Easy Retirement Plan 18-70 years of age 30-80 years of age 10, 15, 20, 25, 30 years Offers tax benefit U/S 80C &10(10D) of IT Act
  • Minimum: Rs. 48,000 annually
  • Maximum: No Limit
IndiaFirst Life Guaranteed Annuity Plan 40-80 years of age N/A Life time Offers tax benefit U/S 80C IT Act
  • Minimum: Rs. 1 lakh
  • Maximum: No Limit
Kotak Premier Pension Plan 30- 60 years of age 45-70 years of age 10-30 years Offers tax benefit U/S 80C of IT Act.
  • Minimum: Rs. 1 lakh
  • Maximum: No Limit
LIC Jeevan Akshay 7 Pension Plan 25-100 years of age N/A Life time Offers tax Benefit U/S 80C of IT Act
  • Minimum: Rs. 1 lakh
  • Maximum: No Limit
LIC New Jeevan Shanti Pension Plan 30-79 years of age 31-80 years of age -- Offers tax Benefit U/S 80C of IT Act
  • Minimum: Rs. 1.5 lakhs
  • Maximum: No Limit
Max Life Forever Young Pension Plan 30 years-65 years 50-75 years of age 10 years to 75 years-Entry age Offers tax benefit U/S 80C of IT Act
  • Minimum: Rs. 25,000 annually
  • Maximum: No Limit
Max Life Guaranteed Lifetime Income Pension Plan 0-85 years of age 26-90 years of age N/A Offers tax benefit U/S 80C IT Act
  • Minimum: Rs. 25,000 annually
  • Maximum: No Limit
Reliance Immediate Annuity Pension Plan 20 years- 80 years -- 5, 10, 15 years, or Life time Offers tax benefit U/S 80C of IT Act
  • Minimum: Rs. 1 lakh
  • Maximum: No Limit
Reliance Smart Pension Plan 18-65 years of age 45-75 years of age 10, 15, 30 years Offers tax benefit U/S 80C of IT Act
  • Minimum: Rs. 20,000 annually
  • Maximum: No Limit
SBI Life Saral Retirement Saver 18-65 years of age 40-70 years of age 5, 10- 40 years Offers tax benefit U/S 80C of IT Act
  • Minimum: Rs. 1 lakh
  • Maximum: No Limit
Tata AIA Life Guaranteed Monthly Income Plan 6-60 years of age 68 years of age 5, 8, 12 years Offers tax benefit U/S 80C & 10(10D) of IT Act
  • Minimum: Rs. 36,000 annually
  • Maximum: No Limit
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Types of Pension Plans in India

A wide range of pension plans in India are available to cater to the insurance seekers' requirements. These plans have multiple classifications based on the plan structure and benefits. These plans can be further divided into eight categories:

Deferred Annuity
Immediate Annuity
Annuity Certain
Defined Contribution
With & Without Cover Pension Plan
Guaranteed Period Annuity
National Pension Scheme (NPS)
Defined Benefit
Life Annuity
Pension Funds
Whole Life ULIP's

Let's explore these pension funds in detail:

  1. Deferred Annuity

    A Deferred Pension Scheme allows you to accumulate a corpus through regular premium or single premium payments over a policy term. After the completion of the policy tenure, the pension is provided to the insured. The deferred pension scheme offers various benefits, including tax exemption.

    In a deferred plan, only 1/3rd of the corpus is tax-free on withdrawal, whereas 2/3rd of the corpus is taxable. The amount invested in a deferred pension plan is locked and cannot be withdrawn for any emergency.

    A deferred pension scheme can be bought by paying one-time payments as well as paying regular premiums. Therefore, these pension schemes are suitable for all types of investors, be it those who want to invest systematically or those who have a chunk of money to invest in one go.

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  2. Immediate Annuity

    Under an immediate annuity scheme, the pension is provided immediately. The policyholder has to pay a lump-sum amount, and a pension will be provided instantly, based on the lump-sum amount paid by the policyholder.

    Under the immediate annuity pension scheme, the insured can choose from a range of annuity options. Moreover, the premiums paid are tax-exempted as per Income Tax Act, 1961. In an immediate annuity retirement plan, the policy nominee is entitled to receive the money in case of the insured person's demise during the policy's tenure.

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  3. Annuity Certain

    Under this pension plan option, the annuity is paid to the annuitant for a specific number of years. The annuitant can choose the period, and if they pass away before receiving all complete payments, the annuity will be paid to the policy's beneficiary.

  4. With Cover and Without Cover Pension Plans

    With cover pension plans have a life cover component the plan. Upon the policyholder's death, the policy's beneficiary pays a lump sum amount. However, the cover amount is not very high since a large part of the premium is paid towards growing the corpus rather than covering life risk.

    Under the cover pension plan, no life cover is offered to the insured person. In the event of the unfortunate death of the insured person, the nominee will get the corpus (till the date of the death). Currently, deferred pension schemes come with the option of life cover, whereas immediate annuity plans do not offer the option of life cover.

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  5. Guaranteed Period Annuity

    Under a guaranteed period annuity plan, the annuity is provided to the policyholder for certain periods like 5 years, 10 years, 15 years, or 20 years, whether or not the insured survives that duration.

  6. Life Annuity

    Under the life annuity plan, the pension amount will be paid to the annuitant until death. After choosing the option of 'with the spouse,' the pension amount will be given to the policyholder's spouse in case of the policyholder's death.

  7. National Pension Scheme (NPS)

    The Government of India introduced New Pension Scheme to secure the financial future of the individual after retirement. As per an individual's preference, the money invested in the National Pension Scheme is put in equity and debt funds to generate returns on investment. The policyholder can withdraw 60% of the amount at retirement, and the rest 40% of the amount is used to purchase the annuity. The maturity proceeds are not tax-free.

  8. Pension Funds

    The pension fund is a type of pension scheme that remains in force for a long period. This pension plan offers a comparatively better return upon maturity and is regulated by the Government under the Pension Fund Regulatory and Development Authority (PFRDA).

    Besides, pension funds provide better returns during the maturity period when one compares to the other and remains active for a specified period. Insurance providers offer pension funds intended to empower policyholders to pull back their annuity sum at the hour of the aggregation stage. This component guarantees that the sum is constantly arranged for an unexpected crisis if it emerges. Above all, it keeps you from relying on banks for a loan under such circumstances.

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  9. Whole Life ULIPs

    Under this whole life ulips option of the pension plan, the money stays invested for the whole life of the insured, and upon retirement, they can make partial withdrawals and get tax-free income. Additional withdrawals are allowed whenever needed or whenever necessary.

  10. Defined Benefit

    Defined benefit plans ensure that you pay a specific amount from the retirement income for life. It is decided on the premise of the pension amount, which is formulated keeping into account your earnings as well as the number of years you have served with the employer. This implies that you and your employer can contribute easily to most plans.

  11. Defined Contribution

    In a defined contribution plan, the retirement income is not guaranteed; however, the contributions are. Within this plan, both you and your employer can easily contribute to the plan. Some of the contributions that you make may be matched by your employer.

    You are answerable for contributing all commitments to develop your investment funds. The sum accessible for your retirement relies upon the all-out contributions made to your record and the investment returns this cash earned.

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  12. HDFC Life Insurance

    HDFC Life Insurance offers specialized pension plans in India for you and your loved ones. With customized coverages and benefits, it is best suited for individuals who need complete protection at affordable costs.


    Savings Incentive Match Plan for Employees (SIMPLE) Individual Retirement Account (IRA), or SIMPLE IRA, is a retirement savings plan especially designed for small businesses with 100 or less employees. It is an easy and suitable option for employees of small businesses.

  14. SEP-IRA

    Simplified Employee Pension (SEP) Individual Retirement Account (IRA), or SEP-IRA, is a pension plan that can be opted for either by self-employed or employers to meet their retirement needs. Tax deductions are applicable under the SEP-IRA, and contributions are made to employees as per their eligibility.

  15. Roth IRA

    A special Individual Retirement Account (IRA), Roth IRA, is a pension plan in which an individual pays tax on the money deposited in their bank account every time, but all withdrawals will be tax-free in the future.

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Benefits of Pension Plans

Buying a pension plan online comes with a lot of benefits. Take a look at them below:

An annuity is the fixed amount an investor will receive each year throughout their life tenure. annuity can be immediate or deferred depending upon the nature.
Sum Assured
The sum assured is a definite amount offered to the nominee of the plan at the end of the plan tenure. It is generally 10X the annual premium or the fund value of the policy.
Vesting Age
The vesting age is the age when the investors starts receiving the monthly pension from their pension plan.
Payment Period
The payment period is when the investor starts receiving the payments post-retirement.
Accumulation Period
The accumulation period is the complete time period wherein the investor pays regular premium towards their policy or plan.
Surrender Value
The surrender value of pension plans is the amount the insurance company will pay the individual if they surrender the plan before its maturity.

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What is Retirement Planning?

Retirement Planning is the process of planning long-term and short-term retirement goals and the ways to accomplish these goals. It involves identifying different income sources, analyzing the financial objectives, estimating future expenses, opting for a savings program, and managing risk and assets.

Let's take a look at the key takeaway of retirement planning.

  • It can be described as the financial planning of investment, savings, and final distribution of money to sustain oneself at the time of retirement.

  • Various popular investment options allow individuals to accumulate funds with the advantage of tax benefits.

  • While planning for retirement, it is important to consider factors like future liabilities, expenses, life expectancy, and assets and income.

  • The earlier one starts planning for retirement, the better fund one can accumulate over a long period to have a secured life after retirement.

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Comparison Between Pension Plans
  • Feature
  • New Age Retirement Product (Whole Life ULIP)
  • Regular Pension Plans
  • National Pension Scheme
  • Public Provident Fund
Tax Benefits
  • Tax Free Income upon Retirement for Life
  • Tax Free Fund Value withdrawal
  • Tax Exemption on Amount Invested
  • SEC 80C UPTO 1.5 LACS
  • SEC 80C UPTO 1.5 LACs
  • SEC 80 CCD(1B) UPTO 50K
  • SEC 80C UPTO 1.5 LACS
  • Flexibilty to fully withdraw Fund Value anytime
  • Flexibilty to increase, decrease pension
  • Choice of multiple investment strategies to maximise returns
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*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Advantages of Retirement Plans in India

If you are trying to find the best retirement plan in India, it is very important to understand the advantages of retirement planning offered by various pension schemes in India. Each retirement scheme in India comes with its specific benefits.

Benefits of Pension PlanBenefits of Pension Plan

Further, here we have mentioned some of the advantages offered by the pension scheme in India.

  • Savings for a Longer Term

    Irrespective of the premium payment mode selected by you, which can be multiple small payouts or a lump sum payment, one thing you assure with a retirement plan is savings for the long term. Pension scheme India mainly focuses on creating an annuity that can further invest in generating a steady flow of cash for your post-retirement years.

  • Regular Income after Retirement

    The pension scheme in India offers a guaranteed income that helps the policyholder to meet their day-to-day expenses. Your current income and future inflation should lay the foundation of your retirement planning as it will help you to compute the money you'll need post-retirement. Some insurance plans offer income that ensures the policyholder does not have to worry about the future. Since these life-income plans offer better returns, it is a smart way to walk down the lane of retirement planning.

  • Insurance Cover

    The retirement planning solutions people invest in provide them with an insurance cover to protect their family if the worst comes to pass financially. Most life insurance companies offer an insurance cover benefit under various retirement plans, so the spouse does not have to face any financial difficulty if the unfortunate happens.

  • No-Risk in Investment

    The pension schemes in India protect the policyholder against any kind of investment risk. If your employer offers your pension plan, then also you need not worry. This is because, even with the stock market downfall, the company has to make up to recover the lost money.

    However, there will not be any negative effect on your retirement benefit. Moreover, even if your company goes bankrupt, nothing happens to your pension even then. This is because the government entity- the Pension Benefit Guaranty Corporation, takes care of your pension payouts.

  • Tax Benefits of Pension Plans

    Your investment in retirement planning solutions will help you save significantly on your tax. If you plan it well, enjoy the offered tax benefits. Checking the policy details will also allow you to understand if you can avail of tax benefits under Section 80C of the Income Tax Act.

  • Money When You Need It

    Some plans offer lump-sum payments that you can use to meet major expenses (if any). In the years leading up to retirement, an individual may need funds for various reasons, such as buying a flat or paying for a children's wedding. Some pension plans offer to withdraw a large chunk of your corpus to meet financial emergencies. Checking the policy details for the various plans will help you in Retirement Planning, as you will be able to pick the ones that suit your future financial expectations.

  • Different Plans Caters to Different Individuals

    While buying a retirement plan in India, you will get numerous options. These options will be according to the retirement age and the inclusions you may want. You can pay a lump sum of approximately Rs.5 Lakh in one go and immediately start getting annuity payments. Or you may go for a deferred annuity policy to get more interest before the start of the payout.

  • Option to Enhance the Protection

    By opting for an add-on rider, you can enhance the coverage of your retirement plans in India. Some retirement plan riders worth considering are disability due to an accident rider, critical illness rider, etc.

  • You can choose ULIP

    With pension schemes in India, you can go for the option of a Unit-Linked Insurance Plan. Under a ULIP, your money will be invested in equity and debt funds or safer government securities as per your preference. You can get a huge corpus based on the market returns at your retirement. It can help you to maintain your lifestyle without making any compromises.

    Note- For detailed information on the pension plan, read the plan brochure. You can log on to to compare the best retirement plan in India for you.

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Why Do You Need to Start the Retirement Planning Today?

The early on you start planning for your retirement, the more wealth you can create over a long period to create a secure future after retirement. Let's take a look at the reason why you should start retirement planning today.

  • With the help of the retirement plan in India, you will be able to take care of the family's financial needs after retirement, as it will provide you with a source of income post-retirement.

  • The money saved for retirement can help you deal with any type of emergency, whether wealth-wise or health-wise, in the future.

  • One of the most important advantages of retirement planning is that you can live a stress-free retirement life after retirement as you will not have to depend on anyone.

  • With proper retirement planning and investing in the right pension plan, you can maintain a good lifestyle after retirement and even fulfill your unfulfilled desires that you couldn't early on in your life.

  • With the help of pension funds in India, you can assure a guaranteed income after retirement as an annuity to take care of your monthly expenses.


Importance of Retirement Plan

A pension scheme is as important as a health insurance plan. Here are the reasons why:

  • You won't be able to Work Always

    Some people want to work until the last day of their life. Due to aging, poor health will stop most people from working. In such cases, having a regular source of income works as a virtue. Retirement plans can provide a regular source of income even when you will not be able to work.

  • To Save for Medical Emergencies

    The older you get, become more prone to develop/ contract health issues. Aging doesn't only affect your health, it affects your pocket as well. After retirement, one of the most recurring expenses is medical expenses. If you don't have a senior citizen plan, you have all the more reasons to opt for a retirement plan.

    A medical emergency may leave a big hole in your pocket, especially post-retirement. Having a pension scheme can help you keep such financial crises at bay.

  • To Check -off Your Bucket List

    You might have made many compromises from childhood to old age, such as not pursuing your dreams, travel plans, etc. However, you can easily check off your bucket list items if you have planned your retirement gracefully by opting for one of India's best retirement plans.

  • To Stay Financially Independent

    By being financially independent, you will not become a burden to your children during your post-retirement life. This will give you mental peace and give your family (children) a sense of satisfaction that their parents are financially sound.

  • You Can Help your Family as Well

    Another benefit of retiring gracefully with retirement plans is being able to help out your family in their bad time or when they need (if need be).

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5 Tips for Retirement Planning

Various retirement plans in India ensure a safe and tension-free retirement. They are among the most popular choices for retirement planning. Since there are many different types of pension plans in India, it is important to analyze your financial needs before choosing a retirement plan.

Let's take a look at the top 5 tips for Retirement Planning:

  • Save for retirement Now- Many of us rely on personal savings as a retirement planning option. While the salaried individuals will have pension income after retirement and the self-employed will have savings, opting for a pension plan early on in life always works as a lifesaver.

  • Be Prepared for Future Financial Emergencies- Since most people have only one source of income, having a retirement corpus to fall back on during the golden phase of your life will be pretty comforting. The corpus should be adequate to take care of your future financial emergencies.

  • Explore various insurance options- In case you have any dependents, then life insurance serves as the primary income replacement option for those who depend on you. In case you don't have any dependents, then you can invest your income in different investment instruments where it can multiply, and you can receive a good return on your investment during a particular period.

  • Diversify your Investments- Retirement Planning doesn't have to be boring. Since investing only in retirement plans may not be enough to support your financial situation after retirement, you consider putting your money in different investment instruments for long-term capital appreciation and return. Moreover, various investment plans also provide a tax advantage to individuals

  • Think about Your Retirement Wants- Before you reach your old age and retire, start saving money according to your retirement needs. For example, as you age, the medical expenses automatically increase, so secure yourself and your family with proper health insurance so that you are covered entirely in case of any critical illness. Do give a thought to many other factors like which city you want to settle in after retirement, a major investment that can take place after retirement, etc.

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Eligibility for Retirement Plans in India

The three main eligibility criteria for purchasing retirement plans in India are:

  • Entry Age: You can purchase a Pension Plan only after you attain a certain age. There are different age brackets for different insurance plans, but generally, the minimum entry age for a Pension Plan is 18 years. However, some companies have set the entry age for these plans as 30 years. In the same way, there is a maximum entry age for the pension fund. In most cases, it is around 70 years.

  • Premium: There is a minimum premium payment that the policyholder has to pay for taking a Pension Plan. This is because the pension is received according to the premium paid by the policyholder.

  • Vesting Age: This is the age at which the policyholder starts getting a pension. Generally, it is set at 40 years. It can go up to the limit provided by the insurance provider.


  • Q: What is the Employees' Provident Fund or Employees' Pension Scheme?

    Ans: Employees' Provident Fund (EPF) is a provident fund and insurance scheme administered by the Government of India for all employees of various organizations across the country. The provident fund requires employees of a member organization to make a contribution of 12% of their income towards the fund, along with an equal contribution by their employers.
    The Employees' Pension Scheme (EPS) is a completely different scheme. Still, it is interrelated with the Employees' Provident Fund, both being managed under the Employees' Provident Funds and Miscellaneous Provisions Act of 1952. The Employees' Provident Fund Organization diverts 8.33% of the 12% salary contribution the employers have made for their employees' EPF into the employees' EPS accounts. The 12% contribution the employees have made from their salary stays in the EPF.
  • Q: What is Participating and Non-Participating Pension Plan?

    Ans: The participating pension plans are also called the traditional type of insurance plans since the bonus in these products are similar to the reversionary bonuses of the standard insurance policies. The insurance company generally declares this bonus each year based on its performance in the previous year. The reversionary bonus is generally of the nature of simple interest, where the bonus of the previous period does not get added to the sum assured. These bonuses declared in the tenure of the retirement policy get accumulated, and the lump sum amount is distributed to the insured party when the policy matures.
    The non-participating plans declare their bonus amounts when the investor signs up for the plan. Most of the top pension plans in India offer retirement benefits or bonuses that are pegged to certain indices. These may be the more extensive market index or smaller indices comprising a few securities or government bonds. The non-participating plans offer more definite returns and make it easier for people to plan their retirement.
  • Q: Why do I need pension plans?

    Ans: A pension plan assures a regular income post retirement when you enter the no-more-paychecks phase of your life. Retirement is perhaps the best time to enjoy leisure activities. A pension plan funds your to-do lists post-retirement. A pension plan is a great way to be financially independent in your second innings.
  • Q: I already have a provident fund account. Do I still need a pension plan?

    Ans: Yes, you do. 'PF is simply not enough.' The ever-growing inflation will make your PF amount look relatively minuscule in the future. It will not suffice your future expenses. This becomes all the more important as you become more vulnerable to health problems in your old age. A lone provident fund amount will fail to support the healthcare needs financially.
  • Q: How do I calculate the retirement corpus?

    Ans: You can do that with a Pension Calculator. You need to put the following details in the calculator, which will summarize an ideal corpus. Present cost of living (monthly expenses) Inflation rate Retirement age Number of years you expect to live post-retirement.
  • Q: How is a Pension Plan different from a Term Plan?

    Term Plan Pension Plan
    Objective To get a financial backup for your family in case of your demise To get a financial backup for yourself and your family while still living. Though, like a term plan, it also provides a sum assured to your family in case of your demise
    Maturity Benefit The entire maturity amount is paid out at once and is tax exempted 1/3rd maturity amount is paid out as a lump sum and is tax exempted. The rest 2/3rd is paid out as annuity and is taxable
  • Q: What are the tax benefits of Pension Plans?

    Ans: As per section 80CCC of the Income Tax act, the premiums paid out for the pension plan are subject to a deduction of up to a maximum of Rs 10,000 on taxable income.
  • Q. What does a pension plan do?

    Ans: Pension plan is a beneficial investment product for individuals who are willing to keep aside a pool of money at the earning age to reap the benefits after they retire.
  • Q. How can I get Rs. 50,000 pension per month?

    Ans: One can easily earn Rs. 50,000 per month through the NPS (National Pension Scheme). As per the scheme, a minimum of 40% (which can go up to 100%) of the total corpus needs to be invested in the purchase of an annuity that will provide pension returns after retirement. The remaining 40% (or the rest percentage not invested in the annuity) can be withdrawn tax-free as per the requirement of the individual.
  • Q. How do I start a retirement plan?

    Ans: Simple steps to be followed to start a retirement plan in India are:
    • Start saving
    • Know your retirement goals
    • Have a detailed knowledge of your retirement plan
    • Never use your retirement savings before retirement
    • Plan carefully before investing
  • Q. What pension plan is best?

    Ans: Some of the best pension plans one can opt for are as follows:
    • IRA Plans
    • Solo 401(k) plans
    • Defined Contribution Plans
    • Traditional Plans
    • Guaranteed Income Annuities (GIAs)
  • Q. What is the maximum monthly pension?

    Ans: As per the Government of India, the maximum limit of monthly pension is 50% of the top paid, that is, Rs. 1,25,000 per month currently. Pension is payable till the date of death of the pension holder.
  • Q. How much money is a good pension?

    Ans: As per some experts, 10 times the employees working life salary is a decent amount of money one can accumulate at the age of their retirement.
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Pension Plans Insurance Reviews & Ratings
4.6 / 5 (Based on 147 Reviews)
(Showing Newest 10 reviews)
Varanasi, April 08, 2023
User friendly experience
I was looking for a good pension plan and stumbled upon PolicyBazaar. I purchased the Pramerica Life Golden Age Plus Plan. The PolicyBazaar website is user friendly and easy to navigate. I was able to compare different plans and choose the one that best suited my needs. The policy documents were delivered promptly and their customer service team is always available to answer any queries. Overall a great experience.
New Delhi, April 07, 2023
Great Service and team
I recently purchased Bajaj Life Long Goal Pension Plan from PolicyBazaar and I am extremely satisfied with their services. The process was hassle free and the team was very helpful in guiding me through the entire process. The policy offers great benefits and the premiums are affordable. I highly recommend PolicyBazaar for all your insurance needs.
Ghaziabad, February 22, 2023
PNB Metlife Monthly Income Plan
I recently purchased a PNB Metlife Monthly Income Plan through Policybazaar and I am very pleased with the experience. It is an easy to understand policy that provides financial protection for my family in case of unforeseen circumstances. I really appreciate the flexibility of being able to change my premium payment frequency. Overall I am very satisfied with the entire process and would use their services again in the future.
Chandigarh, February 19, 2023
Reliance Immediate Annuity Plan
My brother suggested me to choose Policybazaar and I bought the Reliance Immediate Annuity Pension Plan. The team was incredibly helpful and knowledgeable able to answer all of my questions and help me pick the best plan for my needs. The process was simple and straightforward. I would highly recommend Policybazaar to anyone looking for a good annuity plan.
Hyderabad, February 16, 2023
TATA AIA Life Easy Retire Plan
For my husband I got the TATA AIA Life Easy Retire Plan from Policybazaar and am very pleased with it. It offers a flexible premium payment option and I have complete control over when and how much to invest. Policy Bazaar team was also very helpful in helping me understand the plan and my options. Highly recommended
Varanasi, February 13, 2023
SBI Life Saral Pension Plan
I recently purchased the SBI Life Saral Pension Plan from Policybazaar the process was easy and straightforward. I received all the details of the plan in an organized manner which made it easier to understand. The plan offers flexibility to choose between different premium payment terms and provides a guaranteed rate of return.
New Delhi, February 10, 2023
ICICI Pru Easy Retirement Plan
I recently bought the ICICI Pru Easy Retirement Plan and I am really glad I did. It's the best way to save for my future retirement. The Policybazaar customer service that I received was top notch with friendly and knowledgeable staff always willing to answer any questions I had.
Bhopal, December 28, 2022
Huge vesting age
I bought HDFC Life pension super plus Pension plan to help me save for my older years. The plan has maximum vesting age of 75 years. Policy Bazaars plan and services are much beyond my expectations.
Srinagar, December 26, 2022
Flexible plan
I have a pension plan with Star Union Daichi which is one of the top worldwide insurers with deep experience of the insurance sector. It is a flexible plan. The customer provider of Policy Bazaar personally aided me in the greatest way possible. A modest policy that will pay off in the long run. Thank you for your support and services Policy bazaar.
Lucknow, December 24, 2022
One time payment option
My brother advised that I should get an insurance plan from Policy Bazaar. Before obtaining AGEAS FEDERAL pension plan I performed some navigation on numerous websites. The coverage can be extended for up to 75 years. There is a one time payment option available. If the policyholder is undecided the nominee might opt to invest the fund value in multiple funds. Thank you for your help and support Policy Bazaar.
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