Start you Retirement Planning now

Retirement is like a long vacation. You get all the time in the world to travel, have long lunches and siestas and pursue your hobbies. As India does not offer one of the best environment for senior citizens* it is important to plan for your retirement in advance. India’s consistently high inflation is noted as one of the big concern. This is why timely investment in retirement plans is very crucial. Retirement Planning can provide you a stable source of income even after you stop working. Max Life offers one of the best retirement plans in India that will help you meet your post-retirement financial needs.

What are retirement plans?

Retirement plans are insurance products designed to provide you financial security once your working income stops. With the proceeds of the retirement plans, you can also opt for monthly pension benefits by purchasing annuity plans. They help you invest your earnings over the years and create a fund which you can withdraw as a whole or in parts during your retirement years. Further, with dual benefits of protection with investment, these plans are ideal for covering your financial needs in the golden years of your life.

Who should invest in retirement plans:

• You want to secure a financially independent life for your spouse in your absence
• You wish to have a fund to cover high health care costs in future
• You would like to maintain your lifestyle even post-retirement

Why you should invest in retirement plans?

In our ultra-stressful modern lifestyle, we barely get time to plan for the future and give a conscious thought about retirement planning. However, if we can pause a little, understand current and the possible future expenses based on our lifestyle and start investing in a life insurance retirement plan, we can relieve ourselves from retirement woes. What’s important to understand is that:

It is a disciplined, affordable, and secure way for retirement planning.

You can get protection for your family, along with your retirement savings.

You can also choose to invest in market-linked pension plans or stick with a conventional pension plan.

How to choose the best retirement plan?

Vesting age: it is the age at which your pension will start. Retiring early or late will depend on your career and financial status.

Premium payment term: define the period for which you will pay policy premiums.

Annuity options: determine how much income will be enough to cater to your needs post-retirement.

Rider Options: decide what all additional benefits you will need to provide a comprehensive cover to your family.

Policy surrender charges: take note of these charges, in case you have to surrender the policy.

Retirement planning is the process of determining retirement income goals and the actions and decisions necessary to achieve those goals. Retirement planning includes identifying sources of income, estimating expenses, implementing a savings program, and managing assets and risk.

Capitalstars is a SEBI registered investment advisor. 

Schedule a call with Capitalstars investment consultant or drop a mail atbackoffice@capiltalstars.in and we will get in touch with you. You may also call us on 9977499927.

We will be happy to help you plan your retirement. ☺

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