Call Us


Have query on premium, payout or any servicing need?

Call us:

1 860 266 9966

Monday - Saturday | 10 am - 7 pm IST

Call charges apply

Dedicated NRI Helpdesk:

+91 22 6251 9966

Monday - Saturday | 10 am - 7 pm IST

Call charges apply


Want to buy a new policy online?

Call us:

+91 22 6984 9300

Give missed call for a call back:

+91 11 6615 8748

Monday - Sunday | 8 am - 11 pm IST

Exclusively for NRIs:

Call us:

+91 11 4473 0240

Monday – Sunday | 9 am – 9 pm IST

Give missed call for a call back:

+91 11 4473 0242

Monday – Sunday | 9 am – 9 pm IST


Back Arrow Icon
Close Button

Planning Retirement in the Right Manner

27th November 2019 | 5 min |

The sooner you kick start your retirement plan, the better it is. An early beginning certainly has a number of advantages; your money has more time to grow and attain a substantial proportion. Make sure the corpus is adequate to help you maintain your lifestyle during your golden years. Don’t forget to factor in inflation.

In India, the average life expectancy has seen a rise in the past few years. Life expectancy has grown from 47 years in 1969 to 69 years in 2019. Increasing life expectancy also means an increased number of post retirement years to plan for.

In today’s times, with evolving lifestyle, many a times savings and planning for retirement is put on the back burner. However, this is obviously not the optimal approach. It is imperative that you have a ready financial plan in place so that you wouldn’t have to compromise on your lifestyle when you don’t have an active source of income anymore.

In order to make a comprehensive retirement plan, you will have to consider the following factors:


Starting early

The maxim 'Early bird gets the worm' assumes significance when it comes to early retirement planning. Early-mover advantages are aplenty, considering your money can compound and become a substantial amount over a period of time.

For example, Rs. 1 Lakh invested every year starting at age 35 leads to a corpus of Rs. 79 Lakh for retirement at age 60 (assuming investment returns @8% per annum. If one begins savings just 5 years earlier, from age 30, they would be able to create a retirement corpus of 1.2 Cr. (50% extra).


Saving more

This is certainly the basic when you begin planning for retirement. You’d have to factor in your lifestyle, have a tentative list of needs in mind going forward, and count in probable medical expenses during your sunset years. This way, you’d be able to zero in on an amount that would help you maintain a respectable lifestyle and fulfil other life goals. It is recommended that one should at least save 20% of the income.


Projecting rate of inflation

In order to fully understand the amount you’d require post-retirement, projecting future rate of inflation is of paramount importance. While inflation doesn’t usually fluctuate much over the shorter term, chances are it would in the long-run. Hence, it is crucial to factor in inflation prior to evaluating your investments.

In case you overlook this step, you might end up accumulating an inadequate corpus that would not be enough to take care of your financial needs once your active income years have already passed you by.


Knowing your risk appetite

You should choose appropriate financial instruments to construct your retirement saving portfolio depending on the quantum of risks you’re willing to take. For instance, while investments in equity have the potential to deliver higher returns, they entail a higher degree of risk. On the other hand, debt instruments - while keeping risks in check - potentially offer steady but lower returns.

While risk appetite varies from person to person, experts recommend keeping a higher proportion of retirement savings in high risk-high return instruments (such as equities) in the earlier stages of retirement saving, progressively moving to debt-oriented instruments as one approaches the date of retirement.

Tata AIA Life Insurance has on offer a gamut of retirement solutions to help you plan your finances better. You can invest your hard-earned wealth in such solutions so that you can live life on your own terms, even after you’ve retired.




Insurance cover is available under the product offered are underwritten by Tata AIA Life Insurance Company Ltd. The plan is not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance.

For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.


Looking to buy a new insurance plan?

Existing customer?


New user? Our experts are happy to help.


TATA AIA Life Insurance Co. Ltd will send you updates on your policy, new products & services, insurance solutions or related information. Select here to opt-in

Thank you for sharing your details.

Our representative will contact you soon.