Best Age For Investing In Pension Plans

Is there a best age for investing in pensions schemes? It is completely wrong to think so! When it comes to your post retirement life there is nothing called an early planning. With the expenses of daily life increasing at a rapid space, nobody knows what is going to happen when you are no longer in a stable job. People are in their most vulnerable stage during the old age. With the joint family structure crumbling rapidly, there is nobody you can fall back on. The only backing that can have any meaning in such a scenario is the all-important financial backing. When you are in a job your salary remains your strength, but when even this stability ends, what remains for you!

Read more
Best Pension Options
  • Get Tax Free Pension For Life

  • Flexibility to withdraw fund value any time

  • Guaranteed Tax Savings

    Under Sec 80 C & 10(10D)

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Invest ₹6,000/month & Get Tax Free Monthly Pension of ₹60,000

Get the best returns & make the most of your Golden years

+91
View Plans
Please wait. We Are Processing..
Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company Tax benefit is subject to changes in tax laws
Get Updates on WhatsApp

In order to make the life of people easy and give complete security in the old age there are a number of pension schemes available that can provide you the ideal coverage over the existing pension plan in your office.

Start as soon as you are in a job

Only when you start planning from an early stage will it be possible for you to develop a corpus which his ideal for covering you when you are no longer in a job scenario. This is the reason why most organizations call for 12% savings from the basic income of individuals from the very first day of employment. If your office or institution has an existing pension scheme well and good, otherwise it is ideal to go for a saving scheme that takes 12% from your regular income and provide the related benefits when you retire.

When You are in Your Mid 30s

Those who have an existing pension scheme at the organization they work in presently should take stock of their situation during the mid thirties and project how much they are going to need after retirement. Is the current scheme ideal for such situations, or do you need to save more in keeping with the rising expenses? Based on the answer to these questions find additional plans to invest in and secure your future.

Planning in Mid 40s

Mid forties is a time when you are ripe to think of retirement and any planning afterwards can simply lead to a naught. Therefore, this is high time to consider your situation and give realistic projections regarding your future. For example, you know by now where you are going to live when you retire, about your plans to travel or remaining in the same place, as well as your liabilities post retirement. Base your planning on such scenarios and find a scheme that works.

You may also like to read : Retirement Planning in India

Mid 50s Planning

Mid fifties is the time when some serious planning is in the offing. Now you simply cannot take tings lightly any more, because the water is under the bridge! Health care becomes a major issue at this stage therefore find a plan besides your existing investments that takes care of such crucial issues.

Any age is a good age to start thinking of retirement once you become ready to earn and make a living. Crucial steps in planning involve understanding the importance of such plans and changing your lifestyle to accommodate the required savings for a secure old age!

Best Endowment Plans
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Retirement Plans
Monthly Pension Plans
Higher Returns Than Fixed Deposit
Retirement Calculator
Retirement Calculator
How much do you need to save for retirement?
₹ 20,000
₹ 25,000
₹ 30,000
Monthly Expenses in 2022
Edit Done
Your expense go up every year by
Today 2022 Your expenses today in 2022, at the age of 34 Yrs
Your expenses in 2043, at the age of 55 Yrs
For a monthly pension of ₹77,300
you need to invest
₹14,300/month
Calculated as per past performance of 15%
View Plan Recalculate?

Pension plans articles

Recent Articles
Popular Articles
How to Get a 50K Pension Per Month?

15 Jun 2022

Retirement planning should form an essential part of your...
Read more
NPS Premature Withdrawal

15 Jun 2022

The National Pension Scheme is the Central Government’s social...
Read more
Get 30K Pension Per Month

15 Jun 2022

Planning retirement is extremely important and crucial these...
Read more
Atal Pension Yojana Premium Chart

08 Jun 2022

Atal Pension Yojana (APY) is a government of India initiative to...
Read more
Monthly Pension Scheme for Senior Citizens

02 Jun 2022

Retirement planning is paramount to creating a constant source...
Read more
Saral Pension Yojana
In India, there are various individual immediate annuity products offered by life insurance companies. These...
Read more
National Pension Scheme (NPS) – Govt Approved Pension Scheme
National Pension Scheme (NPS) is an investment cum pension plan launched by the Indian Government. This scheme is...
Read more
NPS Calculator - National Pension Scheme Calculator Online
National Pension Scheme Calculator is an online tool, which allows the individual to calculate the estimated...
Read more
Post Office NPS Calculator 2022
National Pension System is a scheme launched by the Government of India that offers stability to all Indian...
Read more
NPS Tier 2 Account Advantages and Disadvantages
NPS or the National Pension Scheme is an initiative taken by the Central Government that protects the holders'...
Read more

top
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL