Max life pension calculator is an online tool to calculate the retirement wealth or pension. One may require a pension amount to lead a comfortable post-retirement life. This can be calculated by considering several factors.
Peaceful Post-Retirement Life
Tax Free Regular Income
Wealth Generation to beat Inflation
It includes current monthly expenses, expected inflation rate based on the current trend, percentage of expenses that will continue even after post-retirement, current savings and possible investment for post-retirement years, and expected rate of returns.
Using a Max Life Pension Plan Calculator, we can plan our investments starting now to accumulate the required post-retirement corpus.
Max Life Pension Plan Calculator will serve two major purposes:
The Max Life Pension calculator works on the principle of monthly compounding that will give you both the future accumulation value and the monthly investment needed to achieve it. The only assumptions are the inflation rate (generally 6% -8%) and the expected rate of interest that may change in the future.
Instead of spending a considerable amount of time doing manual calculations with errors, it is better to use Max Life Pension Plan Calculator. With some inputs, it will give instant, accurate results that will guide one to make intelligent decisions on investing in a retirement plan and secure your future post-retirement.
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There are very simple inputs that have to be entered in the online Max Life Pension Plan Calculator provided on the official website of Max Life Insurance company. Please follow the below steps to calculate:
There are a lot of advantages to using the Max Life Pension Plan Calculator. Some of the benefits are listed below:
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To use the Max Life Pension Plan Calculator, there is no deep research and analysis necessary. Any individual without finance and accountancy can use this online tool and get accurate results.
Some of the basic information needed to be noted down before using the Max Life Pension Plan Calculator are:
Choosing the right pension plan suitable for your financial goals after retirement is crucial. The following factors will affect the premium rates.
†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
*Please note that the quotes shown will be from our partners
^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.
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