Retirement Solutions
Living life on your own terms is a fact that you wouldn’t want to compromise with in the present or future. To ensure your financial security post retirement you may have to strategize accordingly. Retirement Plans are exemplary options for a financially secured future where you can embrace life and exempt worries.
Pradhan Mantri Vaya Vandana Yojana
Pradhan Mantri Vaya Vandana Yojana (Plan No. 856) is a Government subsidized Scheme which shall provide an assured return of 7.4% p.a. payable monthly (i.e. equivalent to 7.66% p.a.) on the pensioner surviving during the policy term of 10 years for citizens aged 60 years and above.
Premium Payment Mode: Single Premium
Mode of Pension payment:
- The modes of pension payment are monthly, quarterly, half-yearly and yearly. The pension payment shall be through NEFT OR Aadhaar Enabled Payment System only.
- Yearly: 7.66
- Halfly: 7.52
- Quarterly: 7.45
- Monthly: 7.40
Minimum Entry Age:60 Year Completed
Maximum Entry Age:No Limit
Minimum Sum Assured:
- Yearly: 1,56,658
- Halfly: 1,59,574
- Quarterly: 1,61,074
- Monthly: 1,62,162
- Yearly: 14,49,086
- Halfly: 14,76,064
- Quarterly: 14,89,933
- Monthly: 15,00,000
- Minimum Pension: Rs. 1,000/- per Month
- Maximum Pension: Rs. 9,250/- per Month
Rs. 3,000/- per Quarter
Rs. 6,000/- per Half-year
Rs. 12,000/- per Year
Rs. 27,750/- per Quarter
Rs. 55,500/- per Half-year
Rs. 1,11,000/- per Year
Policy Benefits:
On Death:On death, the full purchase price will be refunded to nominee.
Surrendered Value:
Surrender would be allowed in special circumstances like critical / terminal illness of self or spouse. The Surrender Value payable in such cases shall be 98% of Purchase Price.
Loan:
Loan (up to 75% of subscribed amount) can be availed after 3 years from the Date of Commencement.
ICICI Pru Guaranteed Pension Plan
You retire from your work, not from your Life!You have toiled your entire life and have reaped the benefits of it in your earning years. Does that mean that your life goals should also retire when you hang up your boots? Absolutely not!
Live your life the way you have been in your working years and fulfil your life goals – going to that dream destination, picking up a hobby, leaving a legacy or to simply be Atmanirbhar. Regardless of what your life goals are, you need to have a strong financial plan to realize them.
With ICICI Pru Guaranteed Pension Plan, you won’t have to worry. This plan provides you with guaranteed income for your entire life with a wide range of annuity options that can provide a secure future for you and your spouse. Not only that, but with the Deferred Annuity option, you can decide when you would want the income to start. In this option, you can choose to start your income any time within a period of upto 10 years. Once the income starts, it is guaranteed for life. So, lock higher annuity rates today for a secured and fulfilling life tomorrow.
Benefits of ICICI Pru Guaranteed Pension Plan
- Lifelong Guaranteed Annuity Once you have bought the plan, your regular income can start as soon as the next month and is guaranteed for life.
- Safety of Guarantee1 Your annuity is informed to you when you buy the plan and is guaranteed for life.
- Pick the Annuity option that suits your Need2 You get freedom to choose from a wide range of annuity options to suit your specific needs.
- Enjoy your Income Today or Plan it For Tomorrow Option to receive income immediately or to choose a later start date of 1 to 10 years from today.
- Top-up option3 Choice to invest systematically to increase your annuity income
- Tax benefits# You get tax benefits# on premium paid u/Sec 80CCC and commutation u/Sec 10(10A) of the Income Tax Act, 1961.
4 Simple Steps To Buy Online
1. Pay Once
You can buy the plan with just one -sum payment.
2. Select Annuity Option
Choose the annuity option that best suits your requirements.
3. Choose Annuity Frequency
You choose the frequency of the annuity payout.
4. Get Lifelong Income
Your annuity starts and continues for your entire life.ICICI Pru Guaranteed Pension Plan
You retire from your work, not from your Life!You have toiled your entire life and have reaped the benefits of it in your earning years. Does that mean that your life goals should also retire when you hang up your boots? Absolutely not!
Live your life the way you have been in your working years and fulfil your life goals – going to that dream destination, picking up a hobby, leaving a legacy or to simply be Atmanirbhar. Regardless of what your life goals are, you need to have a strong financial plan to realize them.
With ICICI Pru Guaranteed Pension Plan, you won’t have to worry. This plan provides you with guaranteed income for your entire life with a wide range of annuity options that can provide a secure future for you and your spouse. Not only that, but with the Deferred Annuity option, you can decide when you would want the income to start. In this option, you can choose to start your income any time within a period of upto 10 years. Once the income starts, it is guaranteed for life. So, lock higher annuity rates today for a secured and fulfilling life tomorrow.
Benefits of ICICI Pru Guaranteed Pension Plan
- Lifelong Guaranteed Annuity Once you have bought the plan, your regular income can start as soon as the next month and is guaranteed for life.
- Safety of Guarantee1 Your annuity is informed to you when you buy the plan and is guaranteed for life.
- Pick the Annuity option that suits your Need2 You get freedom to choose from a wide range of annuity options to suit your specific needs.
- Enjoy your Income Today or Plan it For Tomorrow Option to receive income immediately or to choose a later start date of 1 to 10 years from today.
- Top-up option3 Choice to invest systematically to increase your annuity income
- Tax benefits# You get tax benefits# on premium paid u/Sec 80CCC and commutation u/Sec 10(10A) of the Income Tax Act, 1961.
4 Simple Steps To Buy Online
1. Pay Once
You can buy the plan with just one -sum payment.
2. Select Annuity Option
Choose the annuity option that best suits your requirements.
3. Choose Annuity Frequency
You choose the frequency of the annuity payout.
4. Get Lifelong Income
Your annuity starts and continues for your entire life.HDFC Life Click 2 Wealth
HDFC Life Click 2 Wealth is a Unit Linked, Non-Participating, Life Insurance plan that offers market linked returns, provides valuable financial protection for you and your family.
Why you need this Plan ?
- Potential of benefitting from market-linked returns.
- Safeguard the wealth created so that your desired goals are met.
- Secure your child’s/ spouse’s future with Premium Waiver option.
- Plan for your retirement with Golden Years Benefit option.
- Investment flexibility with 10 funds: Unlimited free switches allowed.
- Benefit of rupee cost averaging (STP)
HDFC Life Click 2 Retire
“HDFC Life Click 2 Retire” is an online Unit Linked pension scheme that offers you market linked returns and helps you achieve your retirement goals by planning well in advance.
Why you need this pension scheme?
- Let your money work for you instead of you working for your money
- Achieve your retirement goals – Travel,Pursue an expensive hobby,volunteer for a cause etc.
- Enjoy regular income during your retired life
- Start early retirement planning
HDFC Life Assured
Pension Plan – ULIP “HDFC Life Assured Pension Plan – ULIP” is a Unit Linked Plan that offers you market linked returns, with Loyalty additions and helps you achieve your retirement goals by planning well in advance.
Features
- Secure your retirement with assured vesting benefit and also gain from upside in the market
- Loyalty additions in the form of Pension Multipliers every alternate year, starting in the 11th year
- Option to start as early as 18 years
- Lower vesting/maturity age of 45 years
- Limited Pay & Single Pay – Options available in one product
- Death benefits to the nominee which will be higher of the fund value of your policy at the time of death or 105% of total premiums received upto the date of death
- Tax Benefits1 under Section 80CCC and Section 10(10A) of Income Tax Act 1961
HDFC Life Pension Guaranteed Plan
Everyone loves financial independence, to enjoy and live a comfortable lifestyle. There is no reason why these should stop after retirement. After all the years of hard work, money should not be the concern for you to decide how you would spend your retirement. A smart way to ensure a regular income stream post retirement is buying an Annuity plan.
HDFC Life Pension Guaranteed Plan is a single premium annuity product which provides a regular guaranteed income for lifetime.
4 Easy steps to get your annuity
- Step 1: Choose the purchase price that you wish to pay to buy annuity or choose the annuity amount you wish to receive
- Step 2: Choose your annuity option
- Step 3: Choose your annuity payout frequency– monthly, quarterly, half-yearly, or yearly
- Step 4: Receive your annuity payouts through direct credit to your bank account
Features
- Wide range of annuity options to cater to your needs
- Option to take the plan on a Single or Joint Life basis
- Option to receive immediate or deferred annuity
- Option to receive annuity monthly, quarterly, half-yearly or yearly
- Option of Return of Purchase Price on death
- Options for banks/financial institutions to purchase immediate annuities in respect of annuity payments for their commitments to the homeowners under the reverse mortgage schemes.
- Choice of increasing your Annuity Payouts through Top Up option
Guaranteed Monthly Income Plan
Non Linked, Non Participating Individual Life Insurance Savings Plan
Time never stands still and neither do our financial needs. As we move through various stages of life, our requirements and those of our families change consistently. Along with this we also carry the burden of any uncertainty happening. We do our best to take care of our family’s needs and to ensure financial security of our family from uncertainties of life. Life Insurance is the best way to protect our family from financial crisis in case of an unfortunate event and help your money to grow so you can fulfill your dreams.
Tata AIA Life’s Guaranteed Monthly Income Plan, provides financial protection for your family and a monthly income that meets tomorrow’s requirements, thus helping you plan ahead towards your future needs and protection for your loved ones.
Guaranteed Monthly Income Plan Key Features
- Receive Guaranteed monthly income1 for double the Policy term
- Applicable Large Premium Boost2 to increase your monthly income
- Choose Policy Term of 5/ 8/ 12 years
- Life cover to protect your loved ones
- Enhanced protection with optional Riders3
- Tax benefits4 under Section 80C and 10(10D) of the Income Tax Act, 1961.
Tata AIA Smart Annuity Plan
A Single Premium Non-Linked, Non-Participating Individual Annuity Plan
Your retirement years are your second innings, a new life where you leave behind your working life and find time for yourself. During this time, you want to be empowered to do all that you could not while working – going on vacations, fulfill your dreams, pursue hobbies, spending time with friends and family, pilgrimage etc. However, to enable yourself to have a worry free retirement, you need to plan right, so that you can truly enjoy your golden years.
Presenting, Tata AIA Life Insurance Smart Annuity plan that helps you gain financial freedom during your second innings. The plan offers you regular income to help you manage your expenses post retirement.
Key Features
- Flexible annuity options to meet your future needs
-
– Immediate Life Annuity
– Immediate Life Annuity with Return of Purchase Price
– Deferred Life Annuity with Return of Purchase Price - Option of Single or Joint Life annuity
- Flexibility to choose the Annuity Payouts mode
- Option of Top Up to enhance your Annuity Payout
Forever Young Pension Plan
We work all our lives meticulously so that we can retire with pride. As we near retirement, we want to take a break from our highly-pressed jobs and follow long-lost hobbies that were left unexplored.
During this exciting phase of life, finances should be the last thing you and your family should have to worry about.
Choose Max Life Forever Young Pension Plan which helps you create savings for retirement years while safeguarding you from ups and downs of the equity market. You can also get additional annuity plan benefits to safeguard your partner and your family against unforeseen events so that you and your loved ones live life on your terms.
3 reasons you should buy this plan
- Build a large corpus to fulfill your retirement goals
- Shield your savings from market downturns
- Secure your spouse’s future financially, even if you are not around
Guaranteed Lifetime Income Plan
As we near our retirement years, we hope that the mundane grind of life comes to a halt. However, the need for financial planning doesn’t escape us. Monthly bills and expenses continue. Buying an Annuity Plan, post retirement, can be a smart way to ensure that your regular income stream continues and helps you stay on top of your expenses.
Through Max Life Guaranteed Lifetime Income Plan, you can start planning your retirement early – start investing today to build a guaranteed lifetime income stream for tomorrow. With the deferred annuity variant, you have the option to plan early for your retirement and lock higher annuity rates at present for a risk-free life-long payment
3 reasons you should get this plan
- Guaranteed income for your needs, as long as you live
- In your absence, your partner can continue receiving the income under the joint life annuity
- With Deferred Annuity variant, after the death of the annuitant(s), nominee will get minimum 105% of purchase price of the policy
Perfect Partner Super Plan
Marriages are special, and so is the new phase of sharing your life with your loved one. But, marriage also brings along its share of additional responsibilities and expenses. It is only natural that you want to lead a worry-free life with your partner. An insurance plan can help you fulfill those future needs and secure your partner’s life even in the case of eventualities.
Presenting one such retirement plan called, Max Life Life Perfect Partner Super Plan, which takes care of your partner’s financial needs with a life cover till you reach the age of 75 years. What more, it lets you live a carefree post-retirement life by offering 212.5% of guaranteed sum assured on maturity(through bonuses) to secure your golden years of retirement.
3 reasons you should buy this plan
- Bear your expenses easily after retirement through guaranteed annual money-backs
- Protect your wife’s future in case of eventualities with additional riders
- Get life insurance coverage until the age of 75 years
Bajaj Allianz Life Guaranteed Pension Goal
With the advent of technology, our lifestyle goals have upgraded. Today we use gadgets, appliances and services which were not there 2-3 decades ago. Who knows what is in store for us in the next 2-3 decades? Hence, it is important for us to have a guarantee that our lifestyle goals are done even in our second innings of life- retirement. Presenting Bajaj Allianz Life Guaranteed Pension Goal which assures your Lifestyle goals by giving guaranteed income throughout life as per your choice and need.Key Advantage
- Guaranteed^ lifelong regular income The plan offers a guaranteed regular income, throughout life as per your choice and need (Yearly/Half-yearly/Quarterly/Monthly) ^Conditions Apply – The guaranteed benefits are dependent on the purchase price & annuity option chosen. For more details please refer to sales brochure.
- Return of purchase price Option to receive your invested amount back as Return of Purchase Price1 (ROP) on death or as Survival benefit. 1The Purchase Price is the single Premium or the sum of all regular/limited Premiums; plus, top-up Premiums paid excluding any GST/any other tax as may be applicable from time to time.
- Joint Life OptionYou can include your spouse in the annuity plan with 50% or 100% annuity payable to your spouse after your death.
- Deferred annuity with rate guarantee at inceptionThe plan offers both immediate and deferred annuity options. In the deferred annuity option, you pay a lump sum or regular/limited Premium, and the annuity payout will start after the deferment period chosen by you at inception. The deferment period can be a minimum of 1 year to a maximum of 10 years.
- Multiple annuity options to choose fromBajaj Allianz Life Guaranteed Pension Goal offers you nine immediate annuity options and five deferred annuity options to choose from in line with your particular needs.
- Multiple premium paying optionsUnder deferred annuity options, you can opt for single premium or regular/limited premium option for 5 to 10 years. Under a regular/limited premium plan, you can pay your premiums monthly, quarterly, half-yearly or yearly as per your convenience. Under immediate annuity options, only single premium option is allowed.
Bajaj Allianz Long Life Goal
You are constantly working towards achieving life goals and your lifestyle improves every time you cross a new milestone. You want to maintain the same way of life during your golden years as well. More importantly, most of us have several goals like traveling to exotic locations, safeguarding your child’s future, enhancing your family’s lifestyle or maybe, retiring early! All these life goals need to be planned for. Herein one can opt for a ULIP plan that provides for financial security as a Retired Life Income (RLI).
To ensure a comfortable and worry-free retirement, when your regular income stops, requires you to make smart investment choices during your early working years. Bajaj Allianz Life LongLife Goal, a non-participating, individual regular premium payment Unit Linked Insurance Plan (ULIP), is one such product. It invests your money in an investment portfolio selected by you and provides for market linked returns over long-term, to help you accumulate a healthy retirement corpus. Features such as periodic return of life cover charges i.e. mortality charges (PROMC) and loyalty additions further add to your retirement corpus taking you closer to a retired life of your dreams.
To ensure a comfortable and worry-free retirement, when your regular income stops, requires you to make smart investment choices during your early working years. Bajaj Allianz Life LongLife Goal, a non-participating, individual regular premium payment Unit Linked Insurance Plan (ULIP), is one such product. It invests your money in an investment portfolio selected by you and provides for market linked returns over long-term, to help you accumulate a healthy retirement corpus. Features such as periodic return of life cover charges i.e. mortality charges (PROMC) and loyalty additions further add to your retirement corpus taking you closer to a retired life of your dreams.
You have a unique option to receive a regular income till 99 years with return enhancer, after the Age 55 years or after 10th Policy Year, whichever is later, ensuring that your lifestyle remains unchanged, even during retirement.
Bajaj Allianz Life LongLife Goal, with regular income and life insurance cover, will turn your retirement years to the best years of your life.
Key Advantage
- Opt for Retired Life Income to meet Retirement Goals
- Whole of Life Insurance Cover
- Retired Life Income till age 99 years with Return Enhancer
- Periodical Return Of Life Cover charges
- Loyalty AdditionsLoyalty Additions every year from 5th Policy Year till 25th Policy Year
- Choice of 2 plan variants# : LongLife Goal without Waiver of Premium & LongLife Goal with Waiver of Premium#Variant can only be chosen at inception. Once opted, the variant cannot be changed during the term of the Policy. Policy charges will depend upon the variant chosen.
- Periodical Return of Waiver of Premium charges**Depending on the variant chosen
- Choice of 4 investment portfolio strategies
- Choice of eight (8) funds
- Option to Reduce Premium
Bajaj Allianz Retire Rich Plan
A common life goal for most working individuals is to retire early and spend every hour doing what the heart really wants. Even if it isn’t about retiring early, each of us has a list of things to do once retirement comes up. Some wish to travel, others dream of buying and maintaining a farm far away from the hectic city life, others intend to teach and inspire children or take care of the elderly, while others want to start an all new business. The list of life goals is always long and different. However, the common string tying the whole idea of retirement – early or when it does happen – is the financial support and the wherewithal required during the retired years.
Today, we are living longer and living expenses are getting higher. Hence, to ensure that you have the adequate financial support during your retired years to pursue your newer set of life goals, it is essential that you start investing towards them, now. You must utilise the phase before retirement to invest in financial instruments that will help you build a corpus or a retirement kitty that you can use to meet the financial expenses during that time.
Bajaj Allianz Retire Rich, a unit-linked deferred pension plan, helps you invest and secure your post-retirement life goals. This retirement benefit plan helps you leverage the advantages of investing in a market linked fund, to create a corpus, which is utilised to generate regular income during your retired years.
Key Advantage
- Guaranteed vesting benefit The policy promises guaranteed vesting benefit (GVB) of 101% of the total premiums paid. At the end of policy term (or vesting date) vesting benefit will be higher of GVB or the fund value. On the vesting date, you have the option to take 1/3rd of the vesting benefit as a lump sum amount and buy an immediate annuity plan with the remaining amount. Alternatively, you can choose 100% of your vesting benefit to buy an immediate annuity plan or extend your prevailing deferment period provided your age as on the vesting date is less than 55 years.
- Multiple premium paying termsYou can opt for regular, limited or single premium payment term under this retirement policy.
- Pension Builder FundThe investment objective of this fund is to provide capital appreciation by investing in a suitable mix of debt and equities.
- Option to change the premium payment termYou can change the premium paying term anytime before the expiry of the existing payment term. The new premium paying term will be subject to the minimum and maximum term allowed under the policy.
- Option of paying top-up premium You can make an additional lump sum investment any time except in the last five policy years to enhance your fund value in the same policy.
- Option to take death benefit in instalments (Settlement option)
Reliance Nippon Life Smart Pension Plan
A Unit Linked, Non-Participating, Individual Pension Plan.
With increasing life expectancy and lifestyle diseases, we will live longer after retirement and need more money for medication. With rising inflation, it is imperative that we start saving for retirement early, so we don’t have to compromise on our lifestyle even after we have stopped earning. Reliance Nippon Life Smart Pension Planis a unit linked, non-participating, individual pension plan that allows you to save systematically and build up the much needed corpus to provide yourself a regular income after your retirement.
With Reliance Nippon Life Smart Pension Plan
- Build a corpus for your golden years
- Decide your retirement age
- Live an independent life
- Ensure regular income for a lifetime
- Get tax benefits as applicable
Key benefits
Build an adequate retirement corpus- Choose policy term from 10 years for Single Premium and 15 years for Regular/Limited Premium to 30 years, as per your convenience
- Get equity participation along with the comfort of capital guarantee^
- Enhance your retirement corpus through loyalty addition^
- Option to increase your retirement corpus through Top-up premiums^, whenever available
- Choose vesting age between 45 to 75 years, as per your ease
- Extend your retirement age, as per your need
- Receive regular income, as per annuity option chosen by you
- Option to withdraw upto 60% of the accumulated corpus upon retirement/vesting
Get a minimum guaranteed amount^, based on the total premiums paid in case of your unfortunate demise
Avail tax benefitsGet tax benefits on investment and on returns, as per applicable income tax law
