1. Why do I need a Retirement Plan?

2. Retirement Plans ensure that you lead your life on your own terms even after retirement, doing things what you always have been doing. Our innovative plans provide options to choose your retirement age and to control the way your investments are managed to meet your retirement needs.

3. Retirement plans provide you with financial security so that when your professional income starts to ebb, you can still live with pride without compromising on your living standards. Given the high cost of living and rising inflation, retirement planning has become all the more important. India's average life expectancy is slated to increase to over 75 years by 2050 from the present level of close to 65 years. Lifespans have been increasing due to better health and sanitation conditions in the country. However, the average number of years of employment has not been rising commensurately. The result is an increase in the number of post-retirement years without regular income. Therefore it is more critical now than ever before to ensure regular income for life after retirement.

4. Is social security enough? Ask most individuals about how they are likely to fare in post-retirement and the first thing they mention is the provident fund. The public provident fund (PPF) or the employee’s provident fund (EPF) is unlikely to be enough for the individual let alone his family. Even if we consider the provident fund, statistics reveal that only about 10% of India’s working population has any form of social security like provident fund. Self- employed individuals, professionals such as lawyers, doctors and accountants, employees in the unorganized sector have nothing to fall back on in an emergency.

5. Types of Pension Plans A retirement plans is a crucial investment, considering the prevailing inflation rate. Retirement plans vary in terms of their benefits and structure. Broadly, these plans can be further divided under below heads-retirement plans Deferred Annuity: Immediate Annuity: With Cover and Without Cover Pension Plans: Annuity Certain: Guaranteed Period Annuity: Life Annuity: Pension Funds

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