Retirement & Pension Plans
A paycheque that continues after you stop working.
Pension plans help you build a retirement fund and convert it into a regular income for life. Start early and let the corpus grow, or buy an immediate annuity at retirement for a guaranteed lifelong pension.
- Entry age
- 18 to 70 years
- Income
- Monthly, quarterly or yearly
- Options
- Immediate or deferred annuity
- Tax benefit
- Sec 80CCC on contributions
Choose the retirement & pension plans that fits you
Not sure which one is right? Tell us your situation and we'll recommend the best fit.
Deferred annuity
Save regularly now and start pension income at a chosen age.
Immediate annuity
Invest a lump sum at retirement and start income right away.
Joint life annuity
Pension continues for your spouse after you.
Return of purchase price
Pension for life, with the original amount returned to your nominee.
Why people choose our retirement & pension plans advice
- Guaranteed income for life
- Joint life option for your spouse
- Choose your income frequency
- Partial commutation as lump sum
Know exactly what you're buying
We read the fine print for you and explain inclusions, exclusions and waiting periods in plain words.
- Lifelong annuity payments
- Return of purchase price option
- Death benefit to nominee
- Partial lump sum at vesting
- Working professionals aged 25 to 55
- Self-employed people without an employer pension
- Retirees with a lump sum to invest
- Anyone planning early retirement
- Annuity income is taxable as per your slab
- Annuity rates are locked at purchase
- Limited liquidity once the annuity starts
Retirement & Pension Plans premium: what decides it?
Two people buying the same retirement & pension plans can pay very different premiums. Here is what insurers look at, and how to pay less without cutting the cover you need.
What it depends on
- Age of the person or vehicle being insured
- Sum insured or cover amount chosen
- Health, lifestyle and medical history (for life and health cover)
- Add-ons and riders selected
- Claim history and no-claim bonus (for motor and health)
- City or zone, occupation and policy term
How to pay a lower premium
- Buy early: premiums are lowest when you are young and healthy
- Choose the right cover, not the cheapest or the biggest
- Compare insurers on claim record and exclusions, not just price
- Pick only the add-ons you actually need
- Renew on time to keep your no-claim bonus and waiting-period credit
Documents required for Retirement & Pension Plans
Choose your applicant type to see the checklist. Keep self-attested copies ready; we'll collect and verify them for you.
Document Proof
8 items- Aadhaar Card
- PAN Card
- Voter Card
- Driving Licence
- Utility Bill (Electricity / Water)
- Passport
- Recent Photograph
- Cancelled Cheque
Income Proof
4 items- Income Tax Return (2 yrs)
- Bank Statement (12 months)
- Current Salary Slip (if salaried)
- Form 16 (if salaried)
Document Proof
9 items- Utility Bill (Electricity / Water / Telephone)
- Bank Statement
- GST Certificate
- Udyam Certificate
- Aadhaar Card
- PAN Card
- Passport
- Recent Photograph
- Cancelled Cheque
Income Proof
3 items- Income Tax Return (2 yrs)
- GSTR (3 yrs)
- Bank Statement (12 months)
The exact list can vary by insurer and your profile. Not sure what applies to you? Our advisor will confirm in one call.
From first call to claim
Scroll through the steps to see what we do at each stage.
Expert tips before you buy
- 1Start saving for retirement in your 20s or 30s; compounding does the heavy lifting.
- 2Choose a joint life option if your spouse depends on your income.
- 3Compare annuity rates across insurers before buying; small differences add up.
Retirement & Pension Plans: common questions
Talk to an expert today
Share a few details and we will call you back. The first consultation is free.
- Call us+91 92122 66375
- WhatsAppChat with an advisor
- Office hoursMon to Sat, 10:00 am to 7:00 pm
Request a call back
We usually respond the same working day.
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