Types of Retirement Plans in India

Without a sturdy retirement plan, it is impossible to lead a happy and fulfilling post employment life. Besides the employer-induced pension plans sometimes it may become necessary to invest in an additional schemes that adds to what you stand to gain when your job situation ends. It is necessary to remember that one simply cannot work throughout their lives. There comes a time eventually when one has to call it quits. What is there to fall back on during this time?  Ask yourself this question and then choose a best pension funds in India that offers a complete peace of mind.

Read more
  • Peaceful Post-Retirement Life

  • Tax Free Regular Income

  • Wealth Generation to beat Inflation

*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

Some of the types of plans available include the following.

Retirement Plans by default

When it comes to retirement plans by default the very first option that springs to mind is the provident fund. Here, the organization where you are employed forces you to deduct definite sums of money on a regular basis. This type of forced savings helps you to reap the benefits in your advanced years. The Central Government in India offers a contributory PF for the employees where the government contributes the exact sum you save every month.

Employees working in a single concern for over five years become eligible for gratuity. The gratuity bonus depends upon the last salary you draw as an employee in an organization. Leave encashment is another benefit you can get post retirement from the concern you work for presently.

Government Plans

There are safe government plans, which individuals can choose in order to ensure a financially well-protected post retirement life. One of these is the Monthly Income Scheme (MIS). This comes with a high rate of interest at over eight percent. Then there is the Senior Citizen Savings Scheme (SCSS) with a nine percent annual interest. PPF scheme is another option for those interested in opting for a safe retirement planning.

Other Retirement Plan Options

Opening up a savings bank account is a good way to keep aside money for the post retirement scenario.  You can get interest ranging from 4% to 7%. Fixed deposits in banks can allow your money to grow steadily at 3-10% interest rates and thus offer a viable plan to individuals. Mutual funds are another option, which offer a safe way to help your money grow on a long-term basis.

With so many available options, it is not going to be difficult to find a retirement plan that works wonders in your case. Turn your post job period into the Golden Years of your life with a reliable scheme that not only provides a regular source of income but also helps you to tide over the bad phases that invariably come up, especially during the advanced years. Retire gracefully and confidently with a sturdy plan that WORKS!

Secure Your Retirement Today
Start Investing ₹6,000/month
Get Pension ₹60,000/month+
Including Life Cover
View Plan
+Standard T&A Applied
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
National Pension Scheme (NPS) – Govt Approved Pension Scheme
National Pension Scheme or NPS scheme is an investment cum pension plan launched by the Indian Government. This...
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
Future Value of Annuity Due Formula
The future value of an annuity due is the value of consolidated payments at a date in the future, considering a...
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