Retirement plans are insurance plans that are tailor-made to give you financial independence during the golden years of your life. These policies help you secure your future, fulfil your dreams, and live a worry-free life after you have retired.

Retirement plans help you build your savings over the years, so when you step into the next phase of life after a successful career, you have adequate financial independence to live the life you dreamed of. So, the sooner you purchase a retirement plan, the more time your money has to grow. Ideally, it is a good idea to buy a retirement plan early on in your career. The other advantage of buying a plan when you are younger is that you get to enjoy lower premiums.

You can choose from the following  premium payment frequencies.

•  Annual 
• Half-yearly
• Quarterly
• Monthly 

To buy an insurance policy, you need to submit the following mandatory documents.

Proof of address:

The following documents are accepted as valid proof of your address.

• Bank Statement (or passbook) with the latest entries for six months 
• Aadhaar card
• Passport
• Voter's ID
• Driving license
• Electricity/telephone bill
• Ration card

Proof of identity:

Some of the documents that are accepted as valid proof of your identity include:

• PAN card
• Aadhaar card
• Passport
• Driving license

Documents showing proof of income:

These documents, which are required only for a few plans, include:

• Salary slips of the previous 3 months
• Income tax returns/Employer certificate
• Bank statement of the previous 6 months
• Latest Form 16

Riders are additional provisions that you can add on to your basic insurance policy, in order to enhance the protection and the benefits you receive.

With the Tata AIA Life Insurance Guaranteed Return Insurance Plan you can purchase the following riders.

• Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider (UIN: 110B028V03)
• Tata AIA Life Insurance Waiver of Premium Plus (WOPP) Rider (UIN: 110B029V02)