Retirement is a crucial turning point in one’s life. Many people look forward to retirement, their golden years of life, but never plan for it. They undermine the importance of getting a retirement plan and justify this mind set up by saying that their present savings will be enough to meet the retirement expenses.
Peaceful Post-Retirement Life
Tax Free Regular Income
Wealth Generation to beat Inflation
Invest ₹6,000/month & Get Tax Free Monthly Pension of ₹60,000
Get the best returns & make the most of your golden years
This assumption is far from truth. It is always good to get a retirement plan and here’s why -
Plan your Retirement in 4 Simple Steps
Planning you retirement is not rocket science. All it needs you is to be a little proactive and start assessing your needs, set realistic goals and the means to achieve them within a specified time frame. A retirement calculator is a smart tool that helps you to plan out your retirement in 4 easy steps.
A retirement plan is one of the best forms of investment. It not only gets you a decent return in the form of regular annuities but also assures a financial back up for your dependents in case of an unfortunate event. So you get to enjoy the best of both worlds, the insurance and the investment.
Handy Tips
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
06 Dec 2024
The Indian Bank NPS (National Pension System) Scheme is a05 Dec 2024
The IDBI NPS Scheme is a retirement savings plan of the National04 Nov 2024
Planning for a secure retirement is crucial, especially forInsurance
Calculators
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