Plan for your retiring days with good retirement company

1. Plan for your retiring days with good retirement company

2. Retirement plans offered by insurance companies help individuals plan effectively for their old-age. Pension plans provide individuals with regular income for their golden years as well as suitable life cover that will take care of their dependents in case of any unfortunate incident to them. Such plans are bundled products that offer a combination of investment and protection. • Retirement planning is the duty of every responsible and far-sighted individual in India. With so many options available at your disposal in the insurance market, stocks, mutual funds, bonds & securities, retirement planning has become easy. One can make an informed decision buy considering various options, while comparing retirement pension plans offered by a reputed insurance company.

3. These pension plans can make your retirement days worry-free. Inadequate pension offered by employer, rise in life expectancy, lack of social security measures, nuclear family living pattern are some of the reasons why one should plan well for retiring days. • Here are a few points to keep in mind while choosing a right insurance company: • Right Plan • Post-retirement days planning are quite critical and a small misjudgment might lead to financial difficulty. Therefore, choose a plan that will effectively deal with inflation, yield good returns and cover your old-age expenses. Also, the plan you should complement your existing retirement savings. So, for instance if you have invested in equities then the future focus should be more on debt instruments.

4. Guarantee Returns • Your investment in retirement plan should not only focus on securing post-retirement life but also securing the future of your spouse. It should take care of your dependents’ needs in your absence. Look for retirement plans that will help you earn better so that your spouse leads a better life in case you meet an unfortunate incidence. • Premium Payment • Choose insurance company that gives you flexibility with respect to paying up or changing your premium amount. Choose a plan that gives maximum fund switching options, flexible premium payment modes and option to increase the amount of premiums through top-ups every year. An increment of just under 5% every year towards your premium can increase your returns substantially to 50% over 25 years.

5. Additional Benefits • While buying retirement plans, carefully asses the bonus and benefits that are offered to you with the plan. It you pay premium on time it will help you maintain your future goals in your absence by self-funding of premiums. Some insurance companies also give loyalty bonus that can fetch you a larger amount for your retirement corpus. • Once you retire you aspire to travel the world in your twilight years or may be finally open that restaurant. You might even want to sponsor your grandchildren’s education or leave them a big inheritance. Thus, having a sound Retirement Plan Company in place will help you fulfill all those dreams. To sum it up, the definition of retirement has changed in modern days. Retirement is not looked at as staying at home anymore. Retirement is the time when you start to live to the fullest, comprising all those dreams that you did not have time to fulfill while busy earning money for your living.

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