RETIREMENT INSURANCE PLAN

Secure Your Retirement with a Guaranteed Income for Life

Retirement insurance plans combine life cover with guaranteed annuity payouts. Invest today, receive a monthly pension after retirement — for life.

₹20K+/mo

Min Pension Payout

60+

Plans Compared

100%

Return of Premium Option

Get Retirement Plan Talk to Advisor

Retirement Corpus Illustration

Age at Entry35 Years

Monthly Premium₹10,000

Policy Term25 Years

Retirement Age60 Years

Monthly Pension₹35,000/mo

Life Cover₹50 Lakhs

KEY BENEFITS

Why Choose a Retirement Insurance Plan?

A dual-benefit product that gives you life cover today and guaranteed income after retirement.

Guaranteed Lifelong Pension

Receive a fixed monthly income for life starting from your chosen retirement age — regardless of market conditions.

Life Cover During Accumulation

Your family is protected during the premium-paying years. In case of death, nominees receive the full sum assured.

Return of Premium Option

Plans with ROP feature return the total premium paid at the end of the policy term — zero loss on your investment.

Tax Benefits Under 80C & 10(10D)

Premiums qualify for deduction under Section 80C. Maturity benefits are tax-free under Section 10(10D).

Joint Life Option

Include your spouse in the plan. In case of the primary holder's death, pension continues for the surviving spouse.

Flexible Payout Modes

Choose monthly, quarterly, half-yearly, or annual pension payouts based on your lifestyle needs after retirement.

WHO CAN APPLY

Eligibility & Documents

Eligibility Criteria

✓Age 25 to 60 years at entry
✓Indian resident or NRI (specific plans)
✓Minimum premium ₹5,000/month or ₹50,000/year
✓Retirement age: 55 to 70 years (plan-specific)
✓Medical underwriting may apply for high sum assured
✓Joint life option available with spouse

Documents Required

✓PAN Card (mandatory)
✓Aadhaar / Passport / Voter ID
✓Age proof (birth certificate / 10th marksheet)
✓Income proof (last 3 months salary slips / ITR)
✓Bank account and cancelled cheque
✓Nominee details and relationship proof

THE PROCESS

How to Get Your Retirement Plan

Share Your Goals

Tell us your retirement age, desired monthly income, and current savings capacity.

Compare Plans

We compare 60+ retirement plans from LIC, HDFC Life, ICICI Pru, SBI Life, and more.

Choose & Apply

Select the plan that fits your budget and retirement income needs. Apply with our advisor's help.

Policy Issued

Policy document issued within 3-5 days. Start building your retirement corpus immediately.

FAQ

Frequently Asked Questions

What is the difference between a retirement plan and a pension plan?

They are often used interchangeably. A retirement insurance plan has a life cover component during the accumulation phase, while a pension plan (annuity) purely focuses on guaranteed income after retirement. Both can be combined for complete retirement security.

Can I withdraw money before retirement age?

Most retirement plans have a lock-in period. Premature surrender is allowed but attracts surrender charges and tax implications. Partial withdrawals may be available after 3-5 years in some plans.

How much pension will I get?

The pension amount depends on the premium paid, policy term, chosen retirement age, and the insurer's annuity rates at the time of vesting. Use our advisor consultation to get a customized pension projection.

Is the pension amount taxable?

One-third of the commuted pension amount is tax-free. The remaining annuity income is added to your taxable income. However, premiums paid qualify for 80C deduction up to Rs.1.5 Lakhs annually.

What happens if I die before retirement?

Your nominee receives the sum assured (life cover) plus the accumulated fund value, depending on the plan type. Some plans also provide a return of total premiums paid to the nominee.