रिटायरमेंट/पेंशन प्लान क्या है?

रिटायरमेंट या पेंशन प्लान, जिन्हे रिटायरमेंट इन्वेस्टमेंट प्लान कहा जाता है, जो आपको अपने रिटायरमेंट के वर्षों के लिए वित्तीय फंड बनाने में मदद करते हैं. पेंशन/रिटायरमेंट प्लान का उद्देश्य होता है, जब आप रिटायर हो जाते हैं, तब आपकी मासिक सेलरी के स्थान पर आपको नियमित आय की स्थिरता प्रदान करना होता है और आपको अपने परिवार और अपने लक्ष्यों की सहायता करने की ज़रूरत होती है. इन प्लान्स को यह सुनिश्चित करने के लिए डिज़ाइन किया गया है कि आपके फंड बढ़ती महंगाई दर से भारी प्रभावित न हों, जो भविष्य में आपके वित्त को अपर्याप्त बना सकते हैं. एक रिटायरमेंट प्लान के तहत, आपको पिछले कुछ वर्षों में नियमित रूप से एक निश्चित राशि का योगदान करना चाहिए और रिटायरमेंट होने पर, आपको मासिक या नियमित आय के तौर पर रिटर्न मिलेगा.

पेंशन प्लान कैसे काम करते हैं?

पेंशन या रिटायरमेंट प्लान में निवेश करना यह सुनिश्चित करने के लिए है कि आपको अपनी वित्तीय ज़रूरतों को पूरा करने के लिए रिटायरमेंट के वर्षों के दौरान स्थिर, गारंटीड आय प्राप्त हो सके. यह फंड आपात स्थिति के मामले में एक सुरक्षा जाल के रूप में भी काम करता है, जिससे आपकी बचत में काफी कमी आ सकती है. भारत में पेंशन प्लान कैसे काम करते हैं, इसकी संक्षिप्त रूपरेखा यहां दी गई है.

स्थगित या इमीडिएट एन्युटी (तत्काल वार्षिकी) ?

अगर आपको जल्द ही अपनी रिटायरमेंट बचत की ज़रूरत है, तो तत्काल एन्युटी प्लान एक अच्छा विकल्प हो सकता है. हालाँकि, अगर आप पहले से योजना बना रहे हैं, तो आप विलंबित एन्युटी प्लान चुन सकते हैं, जहाँ आप पॉलिसी अवधि के दौरान प्रीमियम का भुगतान कर सकते हैं और फिर निहित अवधि के दौरान लाभ पा सकते हैं.

रिटायरमेंट प्लानिंग क्या है?

जब आप रिटायर होते हैं, तब भी आप पर अपने और अपने परिवार के लिए कुछ लॉन्ग टर्म और शार्ट टर्म लक्ष्यों को पूरा करना अनिवार्य होता है. रिटायरमेंट प्लानिंग तब होती है, जब आप अपने वित्तीय उद्देश्यों, अपनी आमदनी के स्रोतों, अपने भविष्य के खर्चों और आपातकालीन फ़ंड की ज़रूरत का विश्लेषण करके इन लक्ष्यों को पूरा करने के साधनों की पहचान करते हैं. जब आपका फाइनेंस स्थिर हो, तब रिटायरमेंट की योजना उचित रूप से जल्दी शुरू हो जानी चाहिए. इस तरह, आप अपने आवश्यक खर्चों को बाधित करने के बारे में चिंता किए बिना वर्षों में रिटायरमेंट प्लान में निवेश कर सकते हैं. प्लान की अवधि के अंत में, आपको वित्तीय सहायता के साधन के रूप में एक स्थिर और नियमित आय का लाभ प्राप्त होता है. उदाहरण के लिए, अगर श्री नितिन 40 साल की उम्र में रिटायरमेंट प्लान चुनते हैं और अगले 20 सालों के लिए इसमें निवेश करते हैं, तो वे 60 साल की उम्र में अपने रिटायरमेंट की योजना बना सकते हैं और ज़रूरत पड़ने पर अपनी ज़रूरतों के हिसाब से रिटायरमेंट के दौरान नियमित आया पा सकते हैं. रिटायरमेंट की योजना उतनी ही लचीली हो सकती है जितनी आप चाहते हैं, क्योंकि आपकी ज़रूरतें अनोखी होंगी, और आप यह तय कर सकते हैं कि आपको कितना निवेश करना है और आपको पेआउट के लिए कितने सालों तक के फ़ायदों की ज़रूरत है.

रिटायरमेंट के लिए मुझे कितनी बचत करनी होगी?

जब आपको अपने रिटायरमेंट के लिए बचत करनी होगी, तो आपको एक अस्थायी आंकड़ा ध्यान में रखना चाहिए, जिसमें आपके और आपके परिवार के प्रत्येक सदस्य के लिए ज़रूरी और आपातकालीन खर्चों का हिसाब होगा. इससे आपको कुल जमा होने वाली रकम के बारे में मूलभूत जानकारी मिल जाएगी, यहाँ कुछ बिंदु दिए गए हैं, जिनसे आपको बेहतर समझ मिलेगी.

रिटायरमेंट प्लान या पेंशन प्लान में किसे निवेश करना चाहिए?

जब आप रिटायर होते हैं, तब वित्तीय सुरक्षा उस समय की ज़रूरत बन जाती है. हालाँकि, रिटायरमेंट की योजना आखिरी समय में नहीं बल्कि एक लंबी और सुनियोजित प्रक्रिया है. और जिन लोगों को आर्थिक रूप से अपना भरण-पोषण करना है, उन्हें रिटायरमेंट प्लान की ज़रूरत होगी. इसलिए, रिटायरमेंट प्लान में किसे निवेश करना चाहिए, इसकी एक संक्षिप्त रूपरेखा यहां दी गई हैः

रिटायरमेंट प्लान की क्या जरूरत है?

रिटायरमेंट प्लान आपके रिटायरमेंट के वर्षों के दौरान, जब आपको अपनी मासिक नियमित सेलरी की सहायता नहीं मिलती है, तब आपको अपने और अपने परिवार को आर्थिक रूप से सुरक्षित रखने में मदद मिलती है. पेंशन प्लान से नियमित आय की गारंटी मिलेगी, ताकि आप आय के एक स्थिर स्रोत के जरिए अपनी वित्तीय ज़रूरतों को पूरा कर सकें.

रिटायरमेंट प्लान्स के विभिन्न प्रकार क्या हैं?

आप सरकारी पेंशन प्लान जैसे नेशनल पेंशन स्कीम का विकल्प चुन सकते हैं. हालाँकि, अगर आप पूरी वित्तीय सुरक्षा सुनिश्चित करना चाहते हैं, तो आप टाटा एआईए रिटायरमेंट प्लान का विकल्प चुन सकते हैं, जिसमें रिटायरमेंट निवेश प्लान के साथ लाइफ़ इंश्योरेंस कवरेज भी मिलता है.

क्या मैं रिटायरमेंट प्लान के रूप में सेविंग या इन्वेस्टमेंट प्लान के लिए जा सकता/सकती हूं?

हाँ, सेविंग प्लान रिटायरमेंट प्लान के तौर पर भी काम कर सकता है. रिटायरमेंट इन्वेस्टमेंट प्लान या पेंशन प्लान का उद्देश्य यह सुनिश्चित करना है कि आप अपने और अपने परिवार को बनाए रखने के लिए मंथली इनकम के रूप में अपनी रिटायरमेंट के वर्षों के दौरान आय का एक स्थिर स्रोत प्राप्त करने में सक्षम हैं.

क्या मैं अपने 20 के दशक में रिटायरमेंट प्लान लेना चुन सकता/सकती हूँ?

ज़्यादातर लोग अपने रिटायरमेंट की योजना बहुत पहले बना लेते हैं, और जीवन की शुरुआत में ही रिटायरमेंट प्लान ले लेना ठीक रहता है. हालाँकि, हर पॉलिसी की एक न्यूनतम आयु सीमा होती है, जो कि 20 वर्ष से अधिक होती है, और इसमें निहित उम्र भी होती है। पॉलिसी में बताई गई उम्र या आपके द्वारा चुनी गई उम्र के हिसाब से ही आपको आय के नियमित लाभ मिल सकेंगे।

क्या मैं अपनी रिटायरमेंट प्लान को किसी भी समय बंद कर सकता/सकती हूं?

अपने रिटायरमेंट प्लान को सरेंडर करने का एक विकल्प है, जहाँ आपको प्लान का सरेंडर वैल्यू तभी मिल सकता है, जब आप पॉलिसी के तहत एक निश्चित अवधि के लिए उसमें निवेश कर रहे हों. हालाँकि, यह सलाह दी जाती है कि आप अपना रिटायरमेंट प्लान सरेंडर न करें क्योंकि इससे सेलरी से होने वाली नियमित कमाई न होने पर आपको और अपने परिवार को आर्थिक रूप से सुरक्षित रखने में मदद मिल सकती है.

भारत में पेंशन प्लान खरीदने के लिए कौन से दस्तावेज़ों की ज़रूरत होती है

जब आप भारत में पेंशन प्लान खरीदते हैं, तो ये निम्नलिखित दस्तावेज हैं जिनकी आपको जरुरत होगीः उम्र का प्रूफ जन्म प्रमाण पत्र पासपोर्ट ड्राइविंग लाइसेंस वोटर आईडी कार्ड हाई स्कूल प्रमाण पत्र एड्रेस प्रूफ आधार कार्ड राशन कार्ड बिजली बिल पासपोर्ट ड्राइविंग लाइसेंस टेलीफोन बिल पहचान का प्रूफ आधार कार्ड पासपोर्ट ड्राइविंग लाइसेंस पैन कार्ड वोटर आईडी प्रूफ ऑफ इनकम बैंक स्टेटमेंट सैलरी स्लिप इनकम टैक्स रिटर्न

मुझे रिटायर होने के लिए कितना पैसा चाहिए?

रिटायरमेंट के दौरान आपको जितने पैसे की ज़रूरत होगी, वह आपकी ज़रूरतों, आपके परिवार की ज़रूरतों, सभी बड़े और छोटे खर्चों पर निर्भर करेगा और आपको किसी भी मेडिकल एमरज़ेंसी पर भी विचार करना होगा. जब आप अपनी रिटायरमेंट बचत को कैलकुलेट करते हैं, तो महंगाई की दर का भी ध्यान रखना न भूलें.

क्या रिटायरमेंट सेविंग प्लान में टैक्स लाभ# होते हैं?

हाँ, आप अपने रिटायरमेंट बचत प्लान के लिए जो प्रीमियम चुकाते हैं, वह इनकम टैक्स एक्ट की धारा 80 C के तहत टैक्स में कटौती के लिए पात्र है. हालाँकि, आपको मिलने वाले पेआउट पर टैक्स लाभ नहीं मिलते हैं.

क्या मैं अपनी रिटायरमेंट प्लान का कवरेज बढ़ा सकता/सकती हूं?

हां, यदि आप अधिक मासिक आय के लिए अधिक प्रीमियम का भुगतान करना चुनते हैं तो आप अपने टाटा एआईए रिटायरमेंट प्लान पर लार्ज प्रीमियम बूस्ट का विकल्प चुन सकते हैं.

क्या रिटायरमेंट प्लान में लाइफ इंश्योरेंस कवरेज भी मिलता है?

हां, टाटा एआईए के सभी रिटायरमेंट प्लान में लाइफ़ इंश्योरेंस कवरेज मिलता है, ताकि आप अपने रिटायरमेंट के वर्षों को सुरक्षित रखने के साथ-साथ अपने परिवार के भविष्य की सुरक्षा भी कर सकें.

यदि मैं रिटायरमेंट प्लान खरीदता हूं तो भुगतान विकल्प क्या हैं?

एक बार जब आप रिटायरमेंट पेंशन प्लान खरीदते हैं, तो आप या तो स्थगित वार्षिकी के मामले में प्लान की पॉलिसी अवधि के दौरान प्रीमियम का भुगतान कर सकते हैं या तत्काल वार्षिकी के मामले में लम्पसम (एकमुश्त) भुगतान का विकल्प चुन सकते हैं.

मैं इन प्लान के लिए न्यूनतम और अधिकतम कितने प्रीमियम का भुगतान का सकता/सकती हूँ?

रिटायरमेंट के सालों के दौरान आपको कितने फ़ंड की ज़रूरत है, इस पर निर्भर करते हुए, आप चुनी हुई पॉलिसी के तहत निर्दिष्ट न्यूनतम प्रीमियम चुन सकते हैं या ऐसी ऊंची सीमा चुन सकते हैं जो आमतौर पर सुविधाजनक हो.

क्या पेंशन प्लान पर खरीद मूल्य पर रिटर्न मिलता है?

हां, यदि आप सिंगल भुगतना मोड के माध्यम से प्रीमियम का भुगतान करते हैं तो कुछ टाटा एआईए रिटायरमेंट प्लान में खरीदारी की कीमत पर रिटर्न मिलता है.

रिटायरमेंट पेंशन प्लान के तहत प्रीमियम पेमेंट के विभिन्न तरीके क्या हैं?

रिटायरमेंट पेंशन प्लान के तहत, आप अपने प्रीमियम का भुगतान मासिक, तिमाही, छमाही या वार्षिक आधार पर कर सकते हैं. या आप सेविंग प्लान के लिए सिंगल प्रीमियम पेमेंट का विकल्प भी चुन सकते हैं.

मुझे अपनी रिटायरमेंट प्लान के लिए अपने प्रीमियम का भुगतान कब तक करना होगा?

आपके द्वारा चुनी गई प्रीमियम भुगतान अवधि के अनुसार आपको अपने रिटायरमेंट पेंशन प्लान के प्रीमियम का भुगतान करना होगा. या आप सिंगल भुगतान प्लान का विकल्प चुन सकते हैं और अपने रिटायरमेंट प्लान में लम्पसम (एकमुश्त) निवेश कर सकते हैं. प्रीमियम भुगतान अवधि पूरी होने पर, आपको रिटायरमेंट के दौरान पॉलिसी से गारंटीकृत मासिक आय प्राप्त होने लगती है.

मेरे नॉमिनी रिटायरमेंट प्लान पर ऑनलाइन क्लेम कैसे दर्ज कर सकते हैं?

एक नॉमिनी के रूप में, आप पॉलिसीधारक की मृत्यु के बाद क्लेम फाइल कर सकते हैं और दिए गए किसी भी चैनल के माध्यम से हमसे संपर्क कर सकते हैंः ⦁ हमें यहां ईमेल करें: Customercare@tataaia.com ⦁ हमारे हेल्पलाइन नंबर - 1860-266-9966 (स्थानीय शुल्क लागू) पर कॉल करें ⦁ टाटा एआईए लाइफ इंश्योरेंस कंपनी के किसी भी ब्रांस्क ऑफिस में जाएं ⦁ हमें सीधे लिखें: क्लेम डिपार्मेंट: टाटा एआईए लाइफ इंश्योरेंस कंपनी लिमिटेड, बी- विंग, 9वीं मंजिल, आई-थिंक टेक्नो कैंपस, टीसीएस के पीछे, पोखरण रोड नंबर 2, ईस्टर्न एक्सप्रेस हाईवे के करीब, ठाणे (वेस्ट ) 400 607. आईआरडीए रेजिस्ट्रशन नंबर 110

क्लेम फाइल करने के लिए कौन से डॉक्यूमेंट की जरूरत होती है?

क्लेम की जानकारी और निपटारे की प्रक्रिया के लिए ज़रूरी दस्तावेज़ों की लिस्ट जानने के लिए कृपया यहां क्लिक करें.

क्या मैं रिटायरमेंट पेंशन प्लान के तहत डेथ क्लेम फाइल कर सकता/सकती हूं?

हां, पॉलिसीधारक की मृत्यु की स्थिति में, नॉमिनी रिटायरमेंट पेंशन प्लान के तहत डेथ क्लेम फाइल कर सकता है. क्लेम सेटल हो जाने के बाद नॉमिनी को पेंशन प्लान का लाभ मिलेगा ज्वाइंट लाइफ पॉलिसी के मामले में, एक एन्युटेंट को दूसरे एन्युटेंट की मृत्यु के मामले में लाभ मिलता है.

क्लेम सेटल होने में कितने दिन लगते हैं?

आमतौर पर, विनियामक टैट (टर्न-अराउंड टाइम) के मुताबिक, किसी क्लेम को प्रभावी ढंग से निपटाने में 30 दिन का समय लगता है. हालांकि, अगर दावे में किसी और जांच की जरूरत होती है तो नियामक टेट (टर्न-अराउंड टाइम) के मुताबिक इस प्रक्रिया में 90 दिन तक का समय लगेगा.

अगर नॉमिनी भारत में नहीं है, तो रिटायरमेंट बचत योजना के दावे को कैसे प्रोसेस किया जा सकता है?

अगर आप भारत के बाहर से नॉमिनी के तौर पर क्लेम फाइल करना चाहते हैं, तो कृपया अपने दस्तावेज़ों की अटेस्टेड कॉपी ऑनलाइन अपलोड करें या ईमेल के ज़रिये हमें भेजें. क्लेम ऑफलाइन फाइल करने के लिए, आप भारत में अपने प्रतिनिधि को दस्तावेज भेज सकते हैं और वे क्लेम फाइल करने के लिए हमारे किसी भी ऑफिस में हमसे संपर्क कर सकते हैं.

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Retirement And Pension Plans

Retirement and pension plans help you accumulate funds to secure your golden years post-retirement. After all, your retirement years are a new phase of your... life and we at Tata AIA want you to make the best of it. Read on to retire like a boss with Tata AIA’s pension plans!

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What are Retirement/Pension Plans?

Retirement or pension plans are retirement investment plans that help you create a financial fund for your retirement years. They aim to provide you with the stability of a monthly salary by offering regular payments or a lumpsum amount when you retire and need to support your family and your goals.

Tata AIA’s Best Selling Retirement Plans

Tata AIA

Smart Pension Secure

New

Key benefits:

Build retirement corpus with top rated funds¹
Zero premium allocation charges
Withdraw fund for emergencies²

Calculate Premium Know More

Non-Participating, Unit Linked, Individual Life Insurance Pension Plan
(UIN: 110L182V01)

Tata AIA

Fortune Guarantee Pension

Key Benefits:

Get guaranteed³ regular income post-retirement
Avail loan against the policy
Get tax benefits⁴ as per applicable tax laws

Calculate Premium Know More

A Non-Linked, Non-Participating, Annuity Plan
(UIN: 110N161V10) | ³T&C apply

Table of Content

Importance of Retirement Pension Plans
How Does a Retirement Pension Plan Work?
Types of Pension Plans in India
Types of Retirement Plans Under Tata AIA
Features of a Retirement Pension Plan
Benefits of Retirement Pension Plans
How Much Do I Need to Save for Retirement?
How to Use a Retirement Planning Calculator?
Calculate Your Retirement Premium

Factors to Consider While Buying Pension Scheme
Steps to Purchase a Tata AIA Pension Plan
Why Buy Pension Plans Online?
Who Should Invest in a Retirement Plan?
Retirement Planning Tips
Frequently Asked Questions (FAQs)
People Like You Also Read

Importance of Retirement Pension Plans in 2025

Inflation rates have caused living expenses to rise dramatically over the years. This means you need to account for future living expenses while accumulating a large enough savings fund to tide you over your retirement years.

Here are some reasons why a retirement pension plan could be the perfect solution to living a stress-free lifestyle in your golden years:

It is a disciplined, affordable, and secure method of retirement planning that can be started at any time.
You are offered a guaranteed³ income after retirement to cater to your financial needs.
You can secure your family members in the form of a death benefit along with your retirement savings.
You can choose between investing in a market-linked pension plan or a conventional pension plan, depending on your investor profile.

How Does a Retirement Pension Plan Work?

Retirement pension plans in India comprise two main phases: Accumulation and Distribution

Accumulation Phase

This phase begins once the policy term commences. Here, you must make regular premium payments or a lump sum payment, which will be invested into a fund for a set period - usually the policy's term. With Tata AIA pension plans, the payments can be a one-time lump sum payment or regular/limited payments equal to the policy term. These are paid to your account to accumulate interest over time.
Distribution Phase

Also known as the vesting phase. This phase commences once your policy matures. You have two choices when you reach this phase: Start receiving your pension payouts or withdraw your earnings and buy an annuity plan.

The annuity plan must be bought from the same insurer you bought your pension policy from. Moreover, the minimum vesting age in India is 30 - 40 years, while the maximum vesting age is 80 years. As a policyholder, you can choose any appropriate vesting age between the minimum age and higher limit to start getting the benefits.

Some of Tata AIA's pension plans also allow you to increase your annuity through top-up premiums. Namely the Tata AIA Fortune Guarantee Pension.

Tata AIA
Smart Pension Secure

TATA AIA
Fortune Guarantee
Pension

Tata AIA
Fortune Guarantee Retirement Ready

Tata AIA
Saral Pension

Tata AIA
Smart Annuity Plan

Types of Retirement Pension Plans in India

Let us take a closer look at the types of pension plans in India:

Pension With Insurance Cover

These are pension plans that come with a life insurance cover. The insured retiree is guaranteed a pension income for the entirety of their lives post-retirement, and upon death, their family members get a death benefit payout.

Pension Without Insurance Cover

These pension plans do not offer a death benefit on the insured retiree's passing but will provide a pension income for their lifespan.

Deferred Annuity Plans

You can accumulate a corpus through single or regular premiums. Under this plan, you will start receiving annuity with or without return of premium.

Immediate Annuity Plans

You can start receiving your regular pension income immediately after making your lump sum investment under this annuity plan. This type of plan can be paired with retirement plans that offer a lump sum benefit on maturity, like the NPS scheme.

Guaranteed Period Annuity

These plans offer annuity payments for a guaranteed fixed term – usually for 5, 10, 15 or 20 years, regardless of whether the insured retiree survives the policy term. If the insured retiree dies during the guaranteed term, the remaining payments will be paid to their policy nominee or family members as regular payments or a lump sum..

Life Annuity

As the name suggests, it provides annuity payment to the insured retiree for the entirety of their life span. If you choose the 'With Spouse' option under this pension plan, the annuity amount will be transferred to your spouse upon death.

Whole Life ULIPs

The money stays invested for the insured's whole life into assets/funds they chose, i.e., debt or equity-linked plans. These plans offer a death benefit, a maturity benefit, and a survival benefit if the insured retiree lives beyond a certain age limit.

Defined Benefit

This is usually an employer-based pension plan that guarantees a specific amount as your pension income for the entirety of your life after retirement.

In the event of your passing, your family gets a lump sum. This amount is a multiple of your salary, paid tax-free if you die before your 75th birthday. Otherwise (death after 75 years), it is taxed as income. Some plans may also pay a refund of the premiums paid if the insured person dies before they begin to get their pension payments.

Types of Retirement Plans Under Tata AIA

Annuity Plans

Tata AIA offers immediate and deferred annuity plans. You can make Single or regular payments under the policy and upon retirement, the annuity plan will offer annuity amount as per the mode chosen.
Guaranteed Returns Retirement Plans

These are low-risk retirement plans that offer guaranteed³ returns under three different options – lump sum (endowment), regular income, and whole life income. Since the returns are not market-linked, you get an assured amount on retirement.

Features of a Retirement Pension Plan

Here are some prominent features of retirement pension policies from Tata AIA:

A Steady Flow of Income

When you invest in a retirement pension plan, you receive a regular income as per the plan of your choice.

For example, in the case of a deferred annuity plan, you begin receiving the fixed, regular income at a later date (post deferment period), while in an immediate annuity, this benefit is paid out soon after you start the investment. A retirement calculator can be a useful tool to help you calculate this amount.
Tax Benefits

Pension plans in India are eligible for tax⁴ deductions under applicable tax laws. This specific tax deduction will depend on the type of retirement pension policy you choose.

Most plans offer tax deductions on your annual premium payments, allowing you to reduce your taxable income in the year you make contributions. Under some plans, your investments are tax-exempt, allowing them to grow without immediate tax consequences. Moreover, death benefits received from a pension policy due to the insured person's death are tax-exempt.
Payout Period

The time during which you get the benefits of your pension plan is known as the payment or payout period. If you choose to receive payments between the ages of 65 - 80, the payout period will be 15 years.

In some pension plans in India, you can choose the payout/income period as per the options under the plan. At Tata AIA, you can opt for a Life Annuity under our plans, where you will receive payments for as long as you live.
Avail Loans

Tata AIA pension plans allow annuitants to get a loan against their policy. The terms under which you can get avail loans are subject to policy conditions. For example, under a Joint Life option in our Fortune Guarantee Pension Plan, the primary annuitant can take a loan six months from the commencement date. If the primary annuitant dies, it can be availed by the secondary annuitant.
Liquidity in Retirement Plans

As stated, upon policy maturity, you can opt to withdraw the pension plan benefit or purchase an annuity plan. Some annuity plans also offer a return on the purchase price. This means the benefits of your pension plan will also include the purchase price which was paid for the annuity plan.
Surrender Value

This is an amount the insurance company will pay you if you ever decide to "surrender" or discontinue your plan before it reaches maturity. In simple terms, you can choose to cash out your pension policy.

This amount will be stated in your policy wording and available only if you have held your pension plan for a minimum number of years. Remember to check your policy terms before purchase to ensure you get properly compensated if you want to discontinue your policy.

Benefits of Retirement Pension Plans

Guaranteed^* Returns Benefit

Under your retirement pension plan, you will begin receiving guaranteed³ income benefits from the distribution phase. This means You do not need to worry about any delays in getting a regular income stream once you retire.
Financial Security for Your Family

In case of your untimely demise, any applicable death benefit under your pension policy will be paid out to your family. In the case of a Joint Life annuity plan, the second annuitant continues to receive the annuity after the death of the first annuitant.
Flexible Premium Payment Terms

Most pension plans in India offer flexible premium payment modes and terms you can opt for under your policy. This way, you can pay when you can at your desired frequency. Tata AIA pension plans offer Single/Regular/Limited payment modes.
Creation of a Stream of Regular Income

Once you retire, your pension policy steps in to help you afford daily expenses in place of your salary. These pension payouts can be received as a lump or monthly income to ensure your savings last throughout your retirement.
Get Tax Benefits

The best retirement plans in India offer several different tax deductions and exemptions depending on the type of pension policy you buy. This means Tata AIA pension plans are also eligible for tax⁴ benefits under applicable tax laws.
Customize your Retirement Plan

Though your retirement plan should be able to suffice for all kinds of emergencies, you can still enhance your policy coverage with optional rider benefits. Keep in mind that any additional top-ups or add-on riders will require additional premium payments under your policy.

How Much Do I Need to Save for Retirement?

As a general rule, you should be saving at least 15-20% of your income for retirement. When saving for retirement, you should consider a tentative figure that will account for all essential and emergency expenses for yourself and your family. While this will give you a basic idea of the total amount to be accumulated, here are some points that will give you a better understanding.

Evaluate All expenses

When you retire, some expenses will cease, while there may be some new ones. Your daily commute to work will stop, saving you some money; however, a minor health condition may be an added expense. Listing down all of these missing and added expenses can help you know the approximate amount needed for your retirement savings.
Income from All Sources

Along with a pension plan, if you have other funds like an EPF (Employee Provident Fund) that can provide you with some income, take those into consideration. However, since your pension plan will look after a majority of your basic and emergency expenses, this additional income is meant to help you plan your retirement plan corpus.
Think About Your Lifestyle

Just because you retire does not mean your family has to change their lifestyle to accommodate for the loss of income. Your retirement plan should be able to provide you with the same comfortable lifestyle that you enjoyed on a regular salary. Therefore, invest in your pension plan such that you’re able to provide a comfortable life to your loved ones and yourself.
Consider the Future Value of Your Income

Your current salary may be enough for your family, but years later, when you retire, the value of your current salary will not be the same. The inflation rate will help you calculate how much income you need to have, over and above your current income, to handle all your post-retirement expenses, any additional costs as well as any financial emergencies. We also recommend diversifying your savings across different options like EPF, PPF, NPS, and mutual funds. However, if you want more concrete estimates, use Tata AIA's retirement planning calculator.

How to Use a Retirement Planning Calculator?

To use the Tata AIA Life Insurance retirement planning calculator, you need to follow the steps given below:

Visit the official Tata AIA Life Insurance website and Select “Calculators”.

Go to the “Retirement Calculator” page and fill in your details correctly.

Submit the details to proceed with the next steps.

You can then select your current age, the expected retirement age, your monthly expenses, expected return on investment and other factors.

After submitting these details, you will be able to know how much funds you need for your retirement savings.

Calculate Your Retirement Premium

Plan your retirement fund and find out how you can secure the financial needs of your loved ones!

Factors to Consider While Buying a Pension Plan

01

Monthly Expenses Post-Retirement

Consider all your essential monthly expenses that will need to be taken care of in the future once you retire. The regular income benefits of your retirement pension plan should be enough to cover these expenses for years.
02

Inflation-Beating Returns

Years later, the inflation rate will lead to an increase in the prices of commodities. The funds that suffice today will be inadequate when you retire. Therefore, carefully plan your retirement fund accordingly.
03

Cover Medical Emergencies

Though a retirement plan may be enough for your regular expenses, it is better to be prepared for some emergencies too. In old age, sickness can be an issue, and so, your retirement fund should be able to protect these medical expenses.
04

Assets and Income Sources

If you have certain assets or income sources, such as a home on rent, then this becomes an extra income. However, there are also additional costs such as property maintenance, etc. Consider this when you buy a pension plan.
05

Research Your Options

All pension plans are not made the same so when you buy one, check if it suits your needs look into how long you need financial coverage for. The total guaranteed income offered on the plan is a crucial point to note down.
06

Plan Ahead of Retirement

Your retirement planning should start years before you retire so that you are able to accumulate enough finances for a secure retired life. Keep a gap of about 10-20 years between your earning and retirement stages to plan properly.
07

Assess Your Risk Tolerance

Pension plans in India allow you to opt for ²market-linked policies and conventional pension plans. So, assessing your risk profile is crucial as it can help you decide what type of retirement pension policy you should buy from Tata AIA.

Steps to Purchase a Tata AIA Pension Plan

Set a Budget

This is the most crucial step in picking a retirement plan. You can set a budget for your retirement plan policy once you have analysed your post-retirement needs and expenses, your family's requirements, and other emergency expenses. After this, you can buy a pension plan that allows you to invest the amount and receive the benefits at your convenience.
Evaluate Your Current Finances

Your current income and financial status should be considered. You should be able to comfortably invest and make premium payments under your chosen retirement plan without it disrupting your current financial obligations.

However, pick a retirement corpus sufficient to cover your future expenses and your family's requirements so that you do not end up with inadequate finances once you retire.
Identify Your Income Sources

If you have additional income from other sources, such as a business or property, you still need a pension plan for your regular expenses.

However, it is important to know that the other income sources attract taxes while your retirement plan premiums will be eligible for tax benefits⁴ under Section 80C of the Income Tax Act.
Deferred or Immediate Annuity?

If you need an immediate income upon investment, an immediate annuity plan can be a good choice.

However, if you are planning in advance, you can choose a deferred annuity plan where you can pay the premiums over the policy term and then receive the benefits during the vesting period.
Choose Your Tata AIA Pension Plan

Once you have set up a budget and evaluated all your income sources and financial obligations, you will now have an estimate of how large you need your retirement corpus to be.

The next step is to browse through our catalogue and see which retirement plans best suit your financial requirements. Ensure you check the investment amount, guaranteed³ payouts, other returns and if the plan has any loan facilities.

All of this information will be available on the policy brochure and policy wordings, so remember to check them as well.

Why Buy Pension Plans Online?

Here are some of the important benefits of purchasing a pension plan online:

Compare Plans

When you buy a pension plan online, you can easily compare the plans alongside and look through the features, benefits and exclusions of all the plans before you choose a suitable one and purchase it.
Save Time and Money

The online purchasing process is quick and easy, which means you can get your policy in a matter of minutes. And since there are no overhead costs of an online purchase, you can benefit from discounts when you buy the policy online.
Security of Policy Document

Since the policy document is online, there is no chance of you misplacing the policy like you can lose the hard copy. If you do happen to lose the hard copy, you can easily access the online soft copy or even save it on your device.
24x7 Customer Support

Your insurance provider’s customer service can offer you 24/7 support for your feedback and queries when you buy online. You can reach out to them or leave them a query, and they can resolve it in a few minutes for a swifter process.
Minimum Paperwork

Buying online means that you do not need to use any papers for your policy document. This not only saves you from a lot of physical clutter but ensures a green and environment-friendly process for everyone.
Transparency

Before you buy a policy online, the necessary research such as knowing your insurance provider’s claim settlement ratio, reading their reviews and knowing their products can be done quickly and easily online.

Who Should Invest in a Retirement Pension Plan?

This short answer is – Everyone. Anyone who wants to maintain their standard of living and enjoy a steady income once they retire should consider getting a Tata AIA pension plan. Here are some age-wise recommendations:

People in Their 20s: Single, No Dependents

The earlier you start, the more you save. While your 20s may seem too early to start thinking of retirement, you can easily build up a huge retirement corpus if you start saving now.

People in Their 30s: Single, Married or With Dependents

For those in their 30s who want to secure their family's financial future, investing in a pension plan can ensure their living expenses are taken care of during retirement. Even if you are unmarried or do not have any dependents planning for retirement in your 30s is still good idea as it allows you to build a larger corpus.

Depending on your investor profile, you can take on any type of retirement pension policy that meets your future requirements and allow you to maintain your current standard of living.

People in Their 40s: With Dependents or Financial Obligations

40s is when most people begin to think of retirement. You may also still have some major expenses or financial obligations that must be considered at this stage. We recommend getting a guaranteed benefit plan or a more conservative pension plan that invests in more risk-averse funds and assets.

People in Their 50s or Older: Early Retirement or Legacy Building

The best retirement plans in India can be purchased until age 70. At this stage, you will have most likely accomplished your financial goals and not have any significant financial obligations.

Even if your children have achieved financial independence, you can still opt for a pension plan to ensure you leave behind a financial legacy for you family members. You can invest a lump sum into an immediate annuity plan for immediate pension payments or even a deferred annuity plan if you are still an employee. Moreover, look into pension plans that specifically offer death benefits.

Why Choose Tata AIA Life Insurance Retirement and Pension Plans?

Guaranteed3 Income Post Retirement

Get assured income post your retirement with customizable plan features

85 Lakh+

Families protected so far⁵

99.13%

Individual Death Claim Settlement Ratio^$ in FY 2023 – 24⁶

Express Claim Settlement

Get your claims settled under 4 hours⁷

500+ Branches

Presence across major cities in India

Pay your Way

Flexibility to choose premium payment mode as per convenience

³T&C apply

Retirement Planning Tips

For Salaried Individuals

Make your retirement savings a part of your budget.

If you have just started earning, 10% of your income must be allocated to savings. As your income increases, increase your savings to 15%. As you get older, try to get your savings to 35% or more while still comfortably handling your financial obligations.

Since you earn a regular monthly income, this can easily be done by automating your savings. You can also opt for an auto-debit option for your premium payments under Tata AIA pension plans, so your contributions are made on time. Moreover, consider the number of years you plan to work before retiring and your life expectancy. In case you plan to retire early, you need to choose a pension plan that offers a life annuity option and build a substantial enough corpus to last you post-retirement.

For Self-Employed Individuals

If you are a self-employed individual, like a business owner or entrepreneur, you must prioritise your retirement planning more carefully, as a loss of business means a loss of income.

One way to better plan your budget would be to differentiate personal and business expenses.

This can be done using separate bank accounts and purchasing a retirement pension plan with guaranteed³ benefits. This way, you stay financially secure regardless of other external factors.

For Senior Citizens

If you are an older individual, you must first start by figuring out when you are ready to retire. Think about when you are ready to stop working from a mental and financial perspective.

You will also need to take stock of your existing assets and investments and determine how much money you will need to sustain your standard of living once you stop earning a regular income. Moreover, if you haven't already, it may also be time to buy a pension plan. If you are close to retirement age and have a large corpus, we recommend buying and investing a lump sum into an immediate annuity plan.

If you are retiring early, getting a life cover with your retirement pension plans ensures you receive annuities throughout your retirement.

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1.What is the eligibility criteria for buying a pension plan?

You must be at least 18 years old or above to buy a retirement pension plan. Moreover, pension plans also have a maximum entry age of 65 - 75 years. For example, our Fortune Guarantee Pension Plan has a minimum age of 30 years and a maximum age of 70 - 85 years.

2.What are the different types of government retirement pension plans?

Retirement plans can be broadly divided into private retirement plans (offered by insurers) and government-backed pension plans. Here are some popular government pension plans you can opt for:

Employees’ Pension Scheme (EPS)
National Pension Scheme (NPS)
Public Provident Fund (PPF)
Pradhan Mantri Vay Vandana Yojana (PMVVY)
Senior Citizen Saving Scheme (SCSS)

3.How to get ₹1 lakh pension per month?

We recommend investing in a retirement pension as early as possible and choosing a plan that offers high interest rates. Some NPS funds have been shown to give nearly 10% - 12% on annualised returns.

This annuity amount is also possible under Tata AIA pension plans based on your investment amount. For more information on this, you can contact us or browse through our policy brochures and check the sample illustrations.

4.What is the difference between a pension plan and an annuity plan??

An annuity plan is an insurance contract for receiving regular payments after a specified period or immediately upon making a monetary investment on your part. These are usually offered by private insurance companies like Tata AIA.

In contrast, pension plans are usually employer-sponsored retirement plans that offer a fixed benefit paid out as a monthly income or as a lump sum amount on retirement.

For a more in-depth look at their differences, read our blog on the Differences Between Annuity and Pension.

5.Why is a pension plan important?

A pension plan helps you financially secure yourself and your family during your retirement years when you do not have the support of your monthly salary. It will pay out a guaranteed³ regular income so you can meet your financial needs through a steady source of income.

6.Can I go for a savings or investment plan as a retirement plan?

Yes, a savings plan can also function as a retirement plan. A retirement plan aims to ensure you are able to support yourself and your family during your retirement years. Hence, the best retirement plans are ones that offer good returns or a steady income regardless of the type plan they are.

7.Can I choose to get a retirement plan in my 20s?

Yes, in fact, we recommend that you start retirement planning as early as possible. This ensures you are able to build a substantial corpus by the time you retire.

Do note that most pension plans in India have a minimum distribution/vesting age of 40 - 50 years and a maximum age of 85 years. This means you can only get your retirement income benefits after you reach this age under the pension policy.

If you want to reap your investment rewards sooner, we recommend going for a savings or investment plan instead.

8.Can I stop my retirement plan any time I want?

Yes, there is an option to surrender your retirement plan, where you can get the surrender value of the plan only if you have been investing in it for a specified period under the policy. However, we recommend that you do not surrender your retirement pension plan as it can help you keep yourself and your family financially secure in the absence of a regular salary income.

9.What will happen if I don’t die till my term plan is over?

When you buy a pension plan in India, these are the following documents you will need to have:

Proof of Age: Birth Certificate, Passport, Driving License, Voter ID Card or High School Certificate.
Proof of Address: Aadhar Card, Ration Card, Electricity Bill, Passport, Driving License or Telephone Bill.
Proof of Identity: Aadhar Card, Passport, Driving License, PAN Card or Voter ID.
Proof of Income: Bank Statements, Salary Slips or Income Tax Returns.

10.How much money do I need to retire?

The amount of money you will need during your retirement will depend on your needs, your family’s needs, all major and minor expenses and any potential medical emergencies. Be sure to factor in the inflation rate as well to get an accurate estimate. To make to calculation easier, we recommend using Tata AIA’s retirement planning calculator.

1.Does a retirement plan also offer life insurance coverage?

This will depend on your chosen insurance provider. All Tata AIA pension plans offer life insurance coverage so that along with securing your retirement years, you can also safeguard your family’s future.

2.Do retirement savings plans have tax^# benefits?

Yes, the premiums you pay towards your retirement savings plan are eligible for tax deductions under Section 80C of the Income Tax Act. However, the payouts you receive do not carry tax benefits.

3.Can I increase the benefits of my retirement plan?

Yes, you can avail the benefits of Large Premium Boost on your Tata AIA Life Insurance retirement plan if you choose to pay higher premiums for more monthly income.

4.What is the difference between commuted and un-commuted pensions?

Commuted and un-commuted pensions refer to the taxability^# of the income you receive as a pension from your pension policy.

Commuted pensions are fully exempt for government employees and members of Defence forces and partially exempt for non-government employees.
An un-commuted pension refers to periodic payments received by the insured person. These are regular payments you receive under your pension policy or annuity plan. This is fully taxable as income under corresponding tax slab rates.

For pensions received under insurers like Tata AIA, the commuted portion of the pension (received as a lump sum) is tax-free, while the remaining amount is taxable as per your income tax slab rate.

5.How are commuted pensions for non-government employees taxed?

Commuted pensions for non-government employees are partially tax-exempt depending on whether they receive gratuity:

If Gratuity is Received with Their Pension: 1/3rd of the commuted pension amount is tax-exempt, and the remaining is taxed as salary/income.
If the Pension Is Received with No Gratuity: 1/2 of the commuted pension amount is tax-exempt, and the remaining is taxed as salary/income.

1.What are the payout options if I buy a retirement plan?

With a retirement plan, you can opt to receive the annuity immediately or at a later date under deferred annuity monthly, or at a frequency of your choice.

2.What are the minimum and maximum premiums I can pay for these plans?

Depending on how much funds you need during your retirement years, you can choose the minimum premium specified under a chosen policy or go for a higher limit that is usually flexible.

Feel free to check out some of Tata AIA’s pension plans, as we offer some the best retirement plans with affordable premiums and good returns.

3.Is there a return on purchase price on a pension plan?

Yes, some Tata AIA Life Insurance retirement plans offer a return on the purchase price. Please check your chosen policy’s product brochure for more details.

4.What are the various premium payment modes under retirement/pension plans?

Under a retirement/pension plan, you can pay your premiums on a monthly, quarterly, half-yearly or annual basis. You can also opt for a single premium payment plan..

5.For how long do I need to pay my premiums for my retirement pension plan?

You need to pay the premiums for your retirement pension plan as per the premium payment term chosen by you. You can opt for a Single Pay plan and invest a lump sum in your retirement plan. Alternatively, you can choose to pay premiums over a period of time based on your budget.

1.Can I file a death claim under a retirement pension plan?

Yes, in the event of the policyholder’s death, the nominee can file a death claim under a retirement pension plan. Once the claim has been settled, the nominee will receive the benefits of the pension plan. In the case of a Joint Life policy, one annuitant gets the benefits in case of the other annuitant’s death.

2.What are the documents needed to file a claim?

In the event of the policyholder’s death, the two main documents you will need are their death certificate and the filled and signed claims form under the retirement pension plan. Please click here to know the list of documents needed for the claim intimation and settlement process.

We also advise that you thoroughly check if the retirement pension plan offers any death benefits before filing a claim. These terms can be found in the policy’s brochure and policy wordings.

3.How can my nominee file an online claim on a retirement plan?

As a nominee, you can file a claim after the policyholder’s death and contact us through any of the given channels:

Email us at: customercare@tataaia.com
Call our helpline number - 1860-266-9966 (local charges apply)
Walk into any of the Tata AIA Life Insurance Company branch offices
Write directly to us at:

The Claims Department,
Tata AIA Life Insurance Company Limited
B- Wing, 9th Floor,
I-Think Techno Campus,
Behind TCS, Pokhran Road No.2,
Close to Eastern Express Highway,
Thane (West) 400 607.
IRDA Regn. No. 110

4.How many days does it take for a claim to be settled?

Typically, it takes 30 days to settle a claim effectively, as per the regulatory TAT (turn-around time). However, in case there is any further investigation required into the claim, the process will take up to 90 days, as per the regulatory TAT.

5.How can a retirement savings plan claim be processed if the nominee is not in India?

If you want to file a claim as the nominee from outside India, please upload the attested copies of your documents online or send them to us by email. To file the claim offline, you may send the documents to your representative in India and they can visit us at any of our offices to file the claim.

The linked insurance product do not offer any liquidity during the first five years of the contract. The policy holder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year.
Tata AIA Smart Pension Secure (UIN: 110L182V01) - Non-Participating, Unit Linked, Individual Life Insurance Pension Plan
The complete name of Tata AIA Fortune Guarantee Pension is Tata AIA Life Insurance Fortune Guarantee Pension (UIN:110N161V10) - A Non-Linked, Non-Participating, Annuity Plan. Multiple options are available in this plan: Immediate Life Annuity, Immediate Life Annuity with Return of Purchase Price, Deferred Life Annuity (GA-I) and with Return of Purchase Price, Deferred Life Annuity (GA-II) and with Return of Purchase Price.
The complete name of Tata AIA Saral Pension is Tata AIA Life Insurance Saral Pension (UIN: 110N159V09) - A Single Premium, Non-Linked, Non-Participating, Individual, Immediate Annuity Plan
Tata AIA Fortune Guarantee Retirement Ready (UIN: 110N175V03) - Individual Non-Linked, Non-Participating, Pension Plan. Multiple options are available in this plan: My Pension, Partner Pension, and Partner Pension Plus.
The complete name of the product is Tata AIA Life Insurance Smart Annuity Plan (UIN: 110N150V08) - A, Non-Linked Non-Participating, Individual Annuity Plan
¹All funds open for new business which have completed 5 years since inception are rated 4 star or 5 star by Morningstar as of December 2024
²Partial withdrawals only available 3 times during the entire policy term and only for reasons specified in IRDA Regulations as amended from time to time
³The word Guaranteed and Guarantee means the annuity payout is fixed at inception of the policy and will be payable for whole of life or till death of the Annuitant(s).
⁴Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
⁵85,76,889 families protected till December ’24.
⁶Individual Death Claim Settlement Ratio is 99.13% for FY 2023 - 24 as per the latest annual audited figures.
⁷Applicable to only non-early claims with more than 3 years of policy duration, non-investigation cases, up to Sum Assured of Rs. 50 lakhs. Applicable for branch walk in. Time limit to submit claim to Tata AIA Life Insurance is 2 pm on working days. Subject to submission of complete documents. Not applicable for ULIP policies and open title claims.
Unit Linked Life Insurance products are different from traditional insurance products and are subject to risk factors. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. The underlying Fund’s NAV will be affected by interest rates and the performance of the underlying stocks. The fund is managed by Tata AIA Life Insurance Company Ltd. (hereinafter the Company"). The performance of the managed portfolios and funds is not guaranteed, and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds. Past performance is not indicative of future performance. Returns are calculated on an absolute basis for a period of less than (or equal to) a year, with reinvestment of dividends (if any). All investments made by the Company are subject to market risks. The Company does not guarantee any assured returns. The investment income and price may go down as well as up depending on several factors influencing the market. Please know the associated risks and the applicable charges, from your insurance agent or the Intermediary or policy document issued by the insurance company.
Goods and Services Tax and cesses, if any will be charged extra by redemption of units, as per applicable rates. Tax laws are subject to amendments from time to time. Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfilment of conditions stipulated therein. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.
The products are underwritten by Tata AIA Life Insurance Company Limited. The plans are not guaranteed issuance plans, and it will be subject to Company's underwriting and acceptance. Whilst every care has been taken in the preparation of this content, it is subject to correction and markets may not perform in a similar fashion based on factors influencing the capital and debt markets; hence this advertisement does not individually confer any legal rights or duties. This is not an investment advice, please make your own independent decision after consulting your financial or other professional advisor.
The fund is managed by Tata AIA Life Insurance Company Ltd. (hereinafter the Company).
Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & Tata AIA Smart Pension Secure are only the names of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. This is not an investment advice, please make your own independent decision after consulting your financial or other professional advisor.
Buying a Life Insurance policy is a long-term commitment. An early termination of the policy usually involves high costs, and the Surrender Value payable may be less than the all the Premiums Paid.
Insurance cover is available under the product. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
The products are underwritten by Tata AIA Life Insurance Company Limited.
The plans are not guaranteed issuance plans, and it will be subject to Company's underwriting and acceptance.
L&C/Advt/2025/Feb/0891

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Table of Content

Importance of Retirement Pension Plans in 2025

How Does a Retirement Pension Plan Work?

Accumulation Phase

Distribution Phase

Tata AIA Smart Pension Secure

TATA AIA Fortune Guarantee Pension

Tata AIA Fortune Guarantee Retirement Ready

Tata AIA Saral Pension

Tata AIA Smart Annuity Plan

Types of Retirement Pension Plans in India

Pension With Insurance Cover

Pension Without Insurance Cover

Deferred Annuity Plans

Immediate Annuity Plans

Guaranteed Period Annuity

Life Annuity

Whole Life ULIPs

Defined Benefit

Types of Retirement Plans Under Tata AIA

Annuity Plans

Guaranteed Returns Retirement Plans

Features of a Retirement Pension Plan

A Steady Flow of Income

Tax Benefits

Payout Period

Avail Loans

Liquidity in Retirement Plans

Surrender Value

Benefits of Retirement Pension Plans

Guaranteed* Returns Benefit

Financial Security for Your Family

Flexible Premium Payment Terms

Creation of a Stream of Regular Income

Get Tax Benefits

Customize your Retirement Plan

How Much Do I Need to Save for Retirement?

Evaluate All expenses

Income from All Sources

Think About Your Lifestyle

Consider the Future Value of Your Income

How to Use a Retirement Planning Calculator?

Calculate Your Retirement Premium

Factors to Consider While Buying a Pension Plan

Steps to Purchase a Tata AIA Pension Plan

Set a Budget

Evaluate Your Current Finances

Identify Your Income Sources

Deferred or Immediate Annuity?

Choose Your Tata AIA Pension Plan