IDBI Pension Plan Calculator

A pension scheme is an investment made to create a financial backup for the years after retirement or when investors stop receiving regular income. It offers guaranteed returns to all of its customers and is not subject to uncertainties and dependence on the market. The IDBI pension plan calculator helps determine all the details of the pension plan selected by the customer. Further, it eradicates any confusion about the scheme that might exist in the minds of the customers.

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  • Peaceful Post-Retirement Life

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  • 4.8~ Rated
  • 7.7 Crore Registered Consumer
  • 50 Partners Insurance Partners
  • 4.2 Crore Policies Sold
Invest ₹6,000/month & Get Tax-Free* Monthly Pension of ₹60,000#
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7.7 Crore
Registered Consumer
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Insurance Partners
4.2 Crore
Policies Sold
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
Pension Calculator
Pension Calculator
How much do you need to save for retirement?
₹ 20,000
₹ 25,000
₹ 30,000
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Monthly Expenses in 2025
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Inflation Rate
Today 2025 Your expenses today in 2023, 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?

Why Should You Use the IDBI Pension Plan Calculator?

The company has created the IDBI Pension Plan Calculator for the ease and comfort of the customer. It saves both the time and effort of the customer. It provides accurate answers within minutes, which the customer would otherwise waste in making complicated calculations.

This digital tool is simple to use, and anyone can operate it. It also cuts out the time required to visit the branch or enquire an agent about the scheme details. Further, the calculator helps the customer make an informed choice.

How To Use IDBI Pension Plan Calculator?

Using the IDBI Pension Plan Calculator is a simple process that requires only a few details for calculation. The customer can follow the below-mentioned steps to use the calculator:

  • Visit IDBI’s home page on the official website
  • Search for the Pension Calculator under ‘Tools and Calculators’
  • Enter the details of the customer like name, age, and contact information
  • Enter the amount to be invested in the pension scheme
  • Click on the ‘Calculate’ tab to determine all the details

Explore more financial tools: SIP Calculator

Advantages of IDBI Pension Plan Calculator

As stated above, there are several benefits the IDBI pension plan calculator offers:

  • It is easily accessible. The calculator can be used by logging onto the website of the company.
  • It is hassle-free and requires only a few simple steps to complete the process. Once the data is entered into the calculator, the results can be expected within minutes.
  • It is free of error. This is a digital device, and hence the chance of any error is minimal.
  • It is regularly updated so the information that it provides can be trusted. Any new rules to schemes are updated onto the algorithm of the calculator regularly.
  • It can be operated from anywhere and at any time of the day instead of consorting to office hours as is the case when someone is visiting a branch office.

Information Required To Use IDBI Pension Plan Calculator

There is some information that is required to operate the calculator. The information required is as follows:

  • Age of the customer: This is noted so that the company may have an idea of the time frame available before pension payments to the customer are to begin.
  • Investment: This is the sum of money that the customer is willing to invest in the scheme every month. This is required to estimate the corpus generation.
  • Term of the scheme: This denotes the amount of time that the scheme will be active for.
  • Rate of return: This is the rate at which returns are expected on the investment that has been made by the customer.

Benefits of buying IDBI Pension Plans

Pension plans have become the wish and dream of every middle-aged professional. This is owing to the increased awareness regarding pension and its benefits. 

Listed below are some of the advantages that a customer can gain from investing early in the IDBI Pension Plan:

  • It secures the future of the customer and provides him with an income in the later years of his life.
  • It is a good way of investing as there is almost no risk involved in investing in pension schemes.
  • It can be a source of the customer exploring and enjoying passions in the later years of his life that were neglected earlier.
  • It leads to the generation of a large corpus that the customer can then use to fulfil his life goals.
  • The pensions can be withdrawn as per the wish of the customer, thus giving him more control over his finances.

IDBI Pension Plan Premium Rates

The following factors directly control the premium rates of the pension plan:

  • Age: It is always advisable to invest in pension plans early in life as that gives the customer more time to save and also allows him to avail better premium rates.
  • Gender: Women are mostly afforded better premium rates than men.
  • Lifestyle: Those who follow healthier lifestyles are rewarded with better premium rates. Non-smokers and non-tobacco users are eligible to avail of lower premiums.
  • Tenure: The longer the term of the plan, the lower will be the applicable premium rate.

People also read: NPS Calculator

FAQ's

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. Standard T&C Apply
^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.
¶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

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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Ageas Federal Pension Plans Reviews & Ratings

4.6 / 5 (Based on 350 Reviews)
(Showing Newest 10 reviews)
Sunidhi
Kochi, January 20, 2025
Bajaj Allianz pension plan
I got an amazing deal on a Bajaj Allianz pension plan with lifetime income through Policybazaar.
Haritika
Bhopal, January 19, 2025
Easy to find plans
Policybazaar makes it easy to find pension plans with guaranteed income like HDFC.
Jhanvi
Chandigarh, January 18, 2025
ICICI annuity plan
Thanks to Policybazaar I got a great ICICI annuity plan with regular payments.
Shrishti
Surat, January 17, 2025
Understand features of plan
Policybazaar helped me understand the different features of pension plans including Bajaj Allianz.
Prashant
Bahadrabad, January 16, 2025
Great Policy
I have pnb metlife life insurance pension policy plan which has low premiums and payed quarterly per year. Policy coverage is 89% and claims are high and the payback amount is around Rs.41 K per month. Service is very good and fast. The policy is nice investment for future and it is good tax saver too. Nice plan, I like it.
Manish
Mangalore, January 16, 2025
Fair Policy
I got a very good policy plan from pnb metlife life insurance. The policy is great for future investment nice pension policy plan. The coverage is good ~87%, service is great, even the claims are the best. Good behaviour from executives and staff members. Great policy, very happy with it.
Lalit
Mahabaleswar, January 16, 2025
Fine
My friend suggested me to invest money for future so i buy pnb metlife life insurance and have pension policy plan. The policy coverage is high ~89% and the claim is around Rs.39 K per month after policy get mature. Great services with fast interface.
Rahul
Manipal, January 16, 2025
Very Nice
My pension policy plan is with pnb metlife life insurance. The policy has good coverage approx. 97% with low premium. Claims are also high and the returns is Rs.39 K per month after policy end. Service is fantastic and the executives do best work. Good investment for future and taxes are also reduced.
Jitender
Ratlam, January 16, 2025
Normal Policy
I invest my money for my future security with pnb metlife life insurance. I have pension policy plan. Policy coverage is 91% and claims are around 39 K. Service is good and executives behave well. Nice policy plan.
Bhavya
Sonipat, January 16, 2025
Perfect Plan
I buy pension policy for my parents. My parents are happy with the policy due to low premiums. The returns are high ~Rs.45 K per month for each. The policy coverage is high ~92% and service is rapid and on time. The online facilities are simple and easily accessible. Good job guys.
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