Retirement insurance policy

An Introduction to Retirement Plans

In today’s fast-paced world, retirement planning can no longer take a back seat. in fact the earlier you start your Retirement planning, they better you can prepare for your golden years. retirement plans can ensure financial Independence for you and your family even as u enjoy a peaceful retried life of your dreams.

A sound Retirement plans will enable you to:

Retain financial Independence

You toll hard all your life to achieve your dreams. Then Why would you went to be dependent on someone else after you retire? Retirement planning becomes in present times as you are likely to expectancy is on a rise; however average number of employment years has not been increasing correspondingly.

Enjoy living the way you like

With the right planning, you can ensure that you enjoy the same life style that are Currently used to, even after you are no longer working.

Pursue expensive hobbies/activities

Do you dream of pursuing, your love for astronomy with a professional, high – end telescope? or perhaps. you’d like to indulge in the finer things of life, like tasting exotic places, you probably dream of doing this when you have the leisure – Retirement plans can get you there.

Ensure your family is not dependent on anyone in your absence

being the family’s primary breadwinner, you family’s finical stability in your absences. Investing in a pension plan can ensure that your family continues to remain financially independent and enjoy the same life style that you both are enjoying right now.

Go through the like’s retirement plans.

Putting aside some money every month in provident fund or fixed deposit is just not enough, although it is good start. You need sound insurance and pension plans to Here’s why you should consider retirement planning-

Increasing life expectancy

Average life expectancy in India has been increasing steadily over the decades.


He longer one iris, the more times he/she would be spending as a retiree. if you want to maintain that expensive flat that you just invested in and keep those two cars well into your retirement, you should seriously consider retirement planning.

Rising inflation

with inflation on the rise, your money’s purchasing power is on a steady decline. It is thus necessary to invest in a way that your buying capacity is in sync with the changing times.


Escalating medical costs

Prices of medical services are increasing exponentially. Add to it the inflation effect and you would realize that healthcare would eat up a sizeable chunk of your saving, especially in those golden days? your insurance plan can help you fund your medical expenses after retirement.

Rising standard of living

You are probably enjoying the best in life right now and your profession life is going great guns too. Rising income bring in higher standard of living, which you expect to coutinue even when you are no longer working. you wouldn’t want to return back to the same standard of living that you were living when you just started off your career. Investing in a good pension plan will ensure that you enjoy the good things in life in well into retirement.

Invest today, invest regularly, invest smartly

Invest early and see you mony grow with magic of compounding. reinvests your returns so that generate additional gain. The sooner you start, the better it is. Investing small amounts at regular intervals over a period of time in insurance plans is a smart way to build a bigger corpus for your retirement.

Invest today Invest after 10 years
Annual investment Rs. 10000 Rs. 20000
Age at which you begin 30 years 40 years
At age 50 years
Total Investment Rs. 200000 Rs. 200000
Wealth built Rs. 494000 Rs. 313000
Difference of 57.83%

Note: Rate of return assumed at the rate of 8% Per annum

Choosing a pension plan is not difficult at kotak life insurance. you get to choose from one of the best pension plan in india – in short, Faidey ka Insurance with our pension ans retirement plans, you can:

Retire with dignity

Ensure that when you retire, you have enough funds to not meet your expenses but also contine the same lifestyle that you have been living all throughout.

Be financially independent

These insurance plans let you to continue being self – reliant even after you hangup your boots. so that you do not have to be dependent on anyone else for your needs.

Enjoy adequate post – retirement Income

The plan wil ensure that mony does not come in the way of your dreams after retirement.

Don’t let financial constraints spoil your retirement party

Indulge in leisure pursuits, enjoy doing all that you always wanted to do, but couldn,t because of work commitments – without any worries.

Inculcate the habit of regular saving to create a large post retirement corpus

By committing a small amount every month, you can create a larger corpus for your retirement to meet the rising medical costs.

Be better prepared for medical emergencies

Investing in these insurance plan can ensure you have adequate funds post retirement to meet the rising medical costs.

Enjoy tax benefit

Investment in pension plan offers tax benefits under section 80c and 10(10D) of income Tax Act, 1961.

Get the Option of enjoying life cover

These plans only sets you free form the worries of retirement, but also gives you the flexibility to opt for a simultaneous life cover.

Provide for a higher financial security through riders

Riders let enjoy more from provide additional financial security in the unfortunate event of your death or disability.

Let your money grow with time

with inflation on rise, your savings for your retirement may not be adequate investing in pension plans is a prudent way to ensur that you money grows with time.

living life expectancy rate, rising health care costs, absence of social security system in India and separation of joint family that makes retirement planning very critical.

you continue celebration your life post retirement to the fullest, Grace Solution presents you an array of plans why are simple and innovative.