Retirement marks a significant financial transition, your steady income stops, but your expenses continue. To ensure your lifestyle remains unaffected and inflation doesn't erode your savings, it's important to plan your finances well in advance. The right mix of retirement investments can create a stable post-retirement income and help you enjoy your golden years without financial stress. Below are some popular and effective investment options that can help build a strong financial foundation for your retirement.
Peaceful Post-Retirement Life
Tax Free Regular Income
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Start Investing ₹10k/Month & Build a corpus of ₹1 Crore# on Retirement
Pension plans are specifically designed to create a post-retirement income stream. Contributions to a pension plan during your working years accumulate into a sizeable corpus that converts into regular annuity payouts after retirement. Starting early helps grow your fund significantly, giving you greater financial comfort in your later years.
A government-backed scheme, NPS allows individuals aged 18–70 to build their retirement savings in a structured manner. You can choose your fund manager, control your investment mix, and enjoy low administrative charges. With added tax benefits and flexibility, NPS is a reliable way to accumulate retirement wealth.
ULIPs combine investment with insurance. A portion of your premium is invested in market-linked funds while the rest offers life cover. ULIPs are ideal if you want dual benefits from a single plan.
SIPs are a disciplined way to invest in mutual funds. SIPs work well for long-term goals like retirement by leveraging the power of compounding and rupee-cost averaging. You can start small and increase contributions as your income grows.
Medical costs often rise with age, and without employer coverage post-retirement, they can disrupt your financial stability. A comprehensive health insurance policy ensures that your retirement funds remain untouched during medical emergencies.
Optional riders like critical illness cover can provide extra protection.
PPF is a long-term, government-backed savings option that offers guaranteed returns and tax-free interest. It's ideal for conservative investors looking to build a safe retirement corpus.
FDs are a preferred choice for retirees seeking assured returns. Senior citizens benefit from higher interest rates in fixed deposits, and the fixed tenure ensures predictable income.
SCSS is a government initiative tailored for individuals aged 60 and above. SCSS provides quarterly interest payouts and stable returns.
For those with a longer investment horizon and a higher risk appetite, mutual funds and equity can deliver inflation-beating returns. While riskier than traditional options, they offer diversification and capital appreciation potential.
Building a retirement corpus isn't just about saving, it's about securing your independence. Correct retirement planning helps in supporting your family and enjoying the freedom to live life on your own terms.
Early retirement is possible if you've planned ahead be it for health reasons or lifestyle changes.
Whether it's travelling the world, starting a business, or pursuing hobbies, your retirement fund is your ticket to freedom.
With adequate planning, you can continue supporting your spouse, children, or dependents without financial strain.
With rising life expectancy, you need your money to last longer. A strong retirement strategy ensures your income doesn't outlive you.
Tip: Use a pension calculator to estimate how much you'll need post-retirement and track your progress.
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. 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. 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.
25 Jul 2025
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