Is retirement planning for everyone?

Yes, everyone should have a retirement plan as it will help them be financially independent during their retirement years. When you retire, the absence of a monthly or regular salary should not stop you from providing for your family and fulfilling their aspirations.

How do I purchase a retirement plan?

To purchase a retirement plan of your choice online, you can visit the official Tata AIA Life Insurance website. If you wish to purchase an annuity plan offline, you can locate any of our branches and visit us.

Are retirement plans the same as pension plans?

Retirement plans are similar to pension plans. However, all pension plans may not provide a life insurance cover for you and your family. All Tata AIA Life Insurance retirement plans come with a life insurance cover for your family’s financial security.

What are annuity plans?

Annuity plans are retirement plans which provide a guaranteed* regular income to you during your retirement years. Depending on the type of annuity plan you choose, you can select how you want to invest in the plan and how you would like to receive the benefits.

What are the types of annuity plans?

There are two types of annuity plans available – deferred annuity and immediate annuity. Under a deferred annuity plan, you can pay the premiums over the policy term and then receive the guaranteed* benefits on maturity. Under immediate annuity, you invest a lump sum closer to the maturity of the plan and start receiving the benefits immediately.

Do retirement plans have a life insurance cover?

If you purchase a pension plan that only helps you save for your retirement, you may not be able to avail of a life insurance cover. However, all Tata AIA Life Insurance retirement plans comprise a life insurance cover to protect you and your family.

How much retirement funds do I need?

To understand the amount of retirement funds you need, consider all the basic and major expenses after your retirement, the financial commitments of all your family members, as well as any emergencies such as an illness for which you will need adequate funds.

Can I add riders to my Tata AIA Life Insurance retirement plan?

Yes, you can add one or more of the available riders^ to your Tata AIA Life Insurance retirement plan. Riders provide additional plan benefits and increase your plan coverage.

Can I choose the premium payment term in a retirement plan?

Yes, a retirement plan offers you the option to pay your premiums either as a Single Pay (lump sum) or for a certain number of years, depending on the policy term and as per the policy terms and conditions

What are the premium payment modes in annuity plans?

Most popular Annuity plans offer the following premium payment modes – Annual, Half-yearly, Quarterly, or Monthly mode of payment.

Can I calculate how much premium I should pay for my retirement plan?

Yes, you can calculate the premiums as well as your retirement plan sum assured with the help of our Tata AIA Life Insurance Retirement Calculator.

Do I opt for a regular income plan or a lump sum benefit?

Whether you opt for a regular income plan or a lump sum benefit under your pension plan will depend on your needs. If you have some major expenses to be fulfilled when you retire, you can choose the lump sum payout. Likewise, if you have smaller retirement goals to be met, you can opt for the regular income option.

How do I file a claim on my retirement plan?

To file a claim with us, you can choose any of the following channels to reach out to us. 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

Do I need to file a maturity claim for my retirement plan?

Yes, you will have to file a maturity claim for your retirement plan as the benefits by submitting the necessary documents at any of the Tata AIA Life Insurance offices.

Can a death claim be filed soon after the death of the policyholder?

A death claim should be filed soon after the death of the policyholder, subject to all the documents and certificates being present with the nominee.

What are the documents needed to file a claim?

Please click here to know the list of documents needed for the claim intimation and settlement process.

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Retirement Planning

Q: What is retirement planning?

Retirement planning comprises building a financial plan over the years so that you can enjoy financial stability during your retirement years. You can choose to receive a guaranteed* regular income during your retirement that will take care of you and your family’s needs, any major goals as well as emergencies.

Retirement planning begins with an analysis of long-term financial objectives and risk tolerance. From there, take the required steps Read more to achieve your goals by the time you retire. During your working years, you can plan for your retirement. The earlier you begin, the better.
It includes determining sources of income, calculating costs, and saving. You can figure out whether you can create the required corpus by estimating your future cash flows. Moreover, you must keep adjusting your retirement plan. Read Less

Retirement planning begins with an analysis of long-term financial objectives and risk Read more tolerance. From there, take the required steps to achieve your goals by the time you retire. During your working years, you can plan for your retirement. The earlier you begin, the better.
It includes determining sources of income, calculating costs, and saving. You can figure out whether you can create the required corpus by estimating your future cash flows. Moreover, you must keep adjusting your retirement plan. Read Less

In this policy, the investment risk in investment portfolio is borne by the policyholder

₹10,000/month invested since 2015
would be ₹88 Lakh today (31.40% returns)

All Funds rated 4 or 5 stars²

Multi Cap Fund delivered 31.40%returns (Benchmark 22.70%)³

0 LTCG tax⁴

Starts as ₹1,000/month

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.

Build Wealth for your Retirement

Full name (First and last)

Date of birth

Are you an NRI?

Yes

Gender

Male

Female

Do you smoke?

Yes

Email ID

What is Retirement Planning?

In retirement planning, you set financial goals and develop a plan for a comfortable life after retirement. The process involves determining future expenses considering inflation and building wealth through savings and investment avenues to generate a post-retirement income.

Your lifestyle, medical expenses, inflation, and sources of income like retirement savings or pension plans are important considerations.

For example, you will need to budget a larger amount if you expect your monthly expenses to be ₹35,000 today. So, twenty years later, it can be ₹75,000 or more, because of inflation.

NOTE: The values shown are illustrative only. Actual results can vary.

Looking to buy a new insurance plan?

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Retirement Plans to Secure Your Future

With Tata AIA's retirement plans, you can secure your financial future after retirement.

Tata AIA Smart Pension Secure:

Tata AIA Smart Pension Secure provide lifelong financial security and helps you enjoy a stress-free retirement. It offers the flexibility to build your retirement corpus by investing in high-rated funds with zero premium allocation charges, ensuring your full premium works for you.
Tata AIA Fortune Guarantee Pension:

The Tata AIA Fortune Guarantee Pension Plan provides lifelong guaranteed⁵ income with a flexibility to cover spouse under the same plan and save taxes¹. It offers flexible annuity options, including immediate and deferred annuities.
Tata AIA Saral Pension Plan:

Tata AIA Saral Pension Plan provides an immediate annuity plan that provides a lifetime income stream after retirement with a single premium.

Retirement Planning Calculator

Total amount required for retirement

₹2.98 Crore

Monthly saving to accumulate this amount

₹31,334

Importance of Retirement Plans in India

Retirement plans help individuals build a steady income post-retirement, manage healthcare costs, and maintain independence without burdening their loved ones. Here are the key points that highlight the importance of having a retirement plan:

Financial Independence: A retirement plan allows you to live independently after retirement without relying on your family or others for daily expenses.
Income Post-Retirement: Retirement plan offers regular payouts to meet your financial needs once you active income stops.
Protects Against Rising Costs: It helps to tackle inflation and rising medical expenses during your senior years.
Family Protection: Many retirement plans come with life cover, ensuring your loved ones are financially secure even in your absence.
Disciplined Savings Habit: Encourages regular saving habits during your earning years, making future planning manageable.
Flexibility in Investment Options: You can choose between market-linked or traditional pension plans based on your risk appetite and goals.
Tax Benefits: Contributions to retirement plans may offer tax¹ deductions under Section 80C and other applicable sections.
Power of Compounding: The earlier you start, the more you can accumulate due to the power of compounding.
Emergency Support: Some plans allow partial withdrawals to manage emergencies without disturbing your overall retirement plan.
Peace of Mind: Knowing you’re financially prepared for retirement brings long-term mental and emotional security.

Why Plan for Retirement?

Here are some reasons why you should plan for retirement:

End of working years

After 30-40 years of professional service you retire as your body and mind require relaxation and relief from stress. However, this also means that you and your family cannot receive a steady monthly salary. A pension plan provides this support in the absence of a salary.

Increase in average life expectancy

Nowadays, with a higher life expectancy rate, you'll need to ensure that you can save enough for your retirement fund to support you and your family after retirement. You need to plan well in advance in order to ensure a regular income during retirement.

The rising cost of commodities

With inflation affecting the price of all commodities, you will need a regular income stream to meet your basic needs. After considering the inflation rate, you can determine your pension amount so that you can lead a comfortable life even with the increasing cost of goods.

Medical emergencies

If there is a medical emergency in your retirement years, you should be prepared financially. Even if your savings are not enough, retirement planning or a pension plan may help you pay for the treatment.

Suitable time to fulfil life aspirations

Your retirement allows you to spend more time with your family and explore new hobbies and aspirations. If you have dreamed of starting your own business, workshop, or art boutique, etc., a retirement plan can provide you with the funding you need.

No social retirement benefits

When you retire from the private sector, you are not entitled to a government pension, which makes it necessary for you to set up your own. Similar to a government-sponsored pension plan, retirement insurance may help you with your regular pension funds.

How Do Retirement Plans Work?

Preparing you and your loved ones for a stress-free retirement is the goal of a retirement plan. It can help generate an income stream after you stop working. It is a continuous process that evolves over time.

01

Early life

Your contributions to your retirement savings may be lower when you are young, but you should start early if you want to benefit from a retirement plan.
02

The middle years

It is advised that you boost your retirement plan contributions once you have acquired a reliable income source. This can increase your savings.
03

Later years

As you approach retirement, you are set to profit from savings. At this point, you will begin to get benefits that will allow you to retire without stress.

Benefits of Retirement Planning

Financial independence, peace of mind, and maintaining your lifestyle after retirement are key benefits of retirement planning. Other benefits include:

Stress-free life

Since you don't have to worry about your family's expenses or major goals, you can live your post-retirement life in peace if you have a retirement plan. With a pre-planned retirement policy, you will be sure to earn a regular and adequate income after retirement.
Financial protection

Retirement plans include life insurance coverage to protect your family in the event of your untimely death. In the event that you pass away during the term of your policy, your family will receive the sum assured as a death benefit.
Regular income

When you have a regular retirement income, you can focus on your short and long-term goals. Having some funds set aside now will help you and your family pay for your day-to-day expenses in the future.
Tax benefits

Retirement planning comes with tax¹ benefits that can help you save more for retirement so that your retirement corpus can be directed to your family's needs. According to the Income Tax Act, Section 80C and Section 10(10D) provide tax deductions and exemptions.
Higher returns than inflation

The goal of your retirement plan is to grow your wealth over time, thereby not allowing inflation to decrease the real value of your savings. By the time you have accumulated your retirement funds, you will have enough resources since inflation will not affect your returns.
Deal with uncertainties

Retirement funds should not only cover your basic needs, but also emergencies that may exceed your savings. When you have a retirement plan, you can accumulate and save an amount to cover a wide variety of emergencies.

Retirement planning stages

You should start planning for your retirement at an early age when you are earning a stable income and a regular salary. To understand better, here is a breakdown of when and how you can start your retirement planning

Young adulthood (21 to 35 years):

It is always better to start exploring retirement plans at an early age and choose one. Discipline and life cover at early life stages can be the foundation for your future security.

Young adulthood (21 to 35 years):

It is always better to start exploring retirement plans at an early age and choose one. Discipline and life cover at early life stages can be the foundation for your future security.
Early midlife (36 to 50 years)

At this age, your focus shifts to family and their health. More financial commitments need a proper balance of wealth creation and saving. Also, investments along with suitable insurance cover are vital to ensure both present and future needs are fulfilled

Early midlife (36 to 50 years)

At this age, your focus shifts to family and their health. More financial commitments need a proper balance of wealth creation and saving. Also, investments along with suitable insurance cover are vital to ensure both present and future needs are fulfilled
Later midlife (51 to 65 years)

In this phase, protecting the wealth already generated and creating passive income are the key focus. It is important to reduce risks, manage health needs, and maintain cash flows for financial independence after you retire.

Later midlife (51 to 65 years)

In this phase, protecting the wealth already generated and creating passive income are the key focus. It is important to reduce risks, manage health needs, and maintain cash flows for financial independence after you retire.

Reasons to Plan for Your Retirement

Here are some key reasons to plan for your retirement:

01

Financial independence

With your retirement plan providing regular income to you and your family, you will not have to rely on loans or borrowed funds of any kind. This saves you from the hassles of repaying debts and also ensures complete financial independence during your retirement years.
02

Maintain a standard of living

With a monthly salary, you can provide for your family, pay for all your basic and luxury requirements and also save funds for the future. Planning for your retirement ensures that you can continue living your desired life even though you no longer earn a salary.
03

Medical costs

Health issues may arise anytime, and to ensure that you don't have to spend all your savings, you will need to plan for your retirement accordingly. Always set a certain amount of your retirement fund as the medical emergency cost so that illnesses and treatments do not leave a dent in your savings.
04

Tax relief

Retirement planning allows you to save on your taxes so that you need not worry about tax¹ payments after retirement. The premiums you pay for your retirement plan are tax-deductible under Section 80C of the Income Tax Act, while the payouts and the death benefits are tax-exempt under Section 10(10D).
05

Peace of mind

Planning for your retirement early in your life and career gives you enough time to understand how you can build a financial corpus for your retirement years. As a result, when you are closer to your retirement, you do not have to rush through your plans, which gives you complete peace of mind during retirement.
06

To fight inflation

When preparing for retirement ahead of time, it is possible to consider all factors and emergencies and plan for them in advance. This way, you can also prepare for retirement funds, keeping in mind the inflation rate so that your retirement benefits are not affected by inflation.

Factors to Keep in Mind While Planning for Retirement

Here are some important factors to consider while planning for your retirement to ensure a comfortable and stress-free future.

Starting age

Starting retirement preparations at least 15-20 years in advance can ensure a stable financial foundation, allowing for sufficient savings without disrupting current expenses.

Annuity structure

Choosing between accumulating funds through regular premiums or investing a lump sum determines how and when retirement benefits are received, aligning with financial goals and family needs.

Top-up flexibility

A retirement plan with top-up options enables enhanced payout benefits, offering increased financial security for unexpected expenses during retirement.

Reliable insurer

Having a reliable insurance provider is important. The claim settlement ratio and reputation in the industry will determine whether your claims will be settled on time and the options they offer.

Retirement age

Considering your expected retirement age is an important step in planning for the future. To build a retirement strategy, it is important to consider one's current age, retirement age, and investment horizon.

Risk appetite

You should consider your risk tolerance while planning the investment strategy. Those who begin retirement planning early may take on a higher risk than those starting at a later stage. If you begin early, you may invest in riskier but higher-returning assets like equities.

Current financial situation

A retirement plan must also consider the current financial situation, including expenses, lifestyle, and debts. You can determine your retirement savings needs based on this information.

Post-retirement expenses

In old age, there will be several expenses that arise, including housing, healthcare, and other expenses that may arise. Identifying these expenses can help you build a comprehensive retirement strategy.

Family’s active involvement

Every retirement plan should include the spouse, children, and grandchildren. Your loved ones must know which plans they can redeem, sources of funds you have set up, and how to claim insurance plans. Additionally, make sure all the paperwork is complete, including a will to avoid any disputes.

Tax efficiency

If you don't plan for tax savings, you could find yourself in higher income tax slabs if you earn capital gains, dividends, interest income, etc. In the long run, this can reduce your overall income. Make sure you invest in tax-efficient assets. You can enhance your retirement savings by lowering your taxable income.

Types of Retirement Plans

An individual can plan for retirement by investing in a range of the best retirement plan in India that can provide an income stream to maintain their lifestyle post-retirement. There are various retirement planning options in India, including annuities, retirement funds, market-linked investment plans, and the National Pension System (NPS).

Immediate annuity plans

An annuity plan provides regular monthly payments to a retired individual. Annuity payouts begin within a year after a lump sum investment is made. If you're getting close to retirement and want a feasible option, this can be a suitable one.
Deferred annuity plans

This annuity allows the investor to determine the time period over which payouts will be made. Rather than making large payments over a short period of time, a person makes small payments over time.
Senior citizen savings scheme

This government-backed scheme provides retirement income to individuals. Those who are over 60 years old can take advantage of this type of retirement investment plan, as well as those who are between 55 and 60 years old. The deposit can be made in multiples of Rs 1,000, with a minimum of Rs 1,000 and a maximum of Rs 30 lakh.
National pension system

A person aged 18 to 70 is eligible to participate in the NPS. Tax benefits under this plan can reach Rs 2 lakhs in a financial year, and it can suit investors with a moderate to high appetite for risk. The reason for this is that usually investments are made in market-linked instruments, such as equities and debt funds. Additionally, investors can invest in corporate bonds, government bonds, and alternative investment funds. An investor's National Pension Scheme account matures at the age of 60.

Tips for retirement planning

Here are some pointers to help you prepare for retirement:

Start saving early:

Consider making retirement plans early rather than waiting until later in life. Early savings allows your money to increase over time. You can also save taxes by investing in a retirement plan throughout your working years.
Be ready for future financial crises:

Having a reliable emergency fund is essential. This can assist you in times of need and pay for unplanned bills. Therefore, while investing, be sure to save enough for such expenses.
Explore life insurance plans:

If you pass away, life insurance may provide your loved ones with a secure financial future. As a result, while comparing investment strategies, they include a few life insurance possibilities.
Diversify investments:

When planning for the future, select a variety of investment schemes that allocate your funds across diverse businesses, sectors, and asset classes. In this manner, you may rely on the other options in the event that one investment loses money or does not perform up to your expectations.
Consider your retirement goals:

When selecting an investing plan, keep your retirement goals in mind. For example, depending on the city, your monthly expenditure may be greater if you choose to relocate.

Eligibility criteria for retirement plans

Below are the eligibility criteria for retirement plans in India:

Entry age: In India, the minimum age for enrolling in most retirement plans is 18. This way, individuals can take charge of their financial future early and benefit from compounding. Depending on the specific plan, there may be a higher entry age limit. Before choosing a plan, make sure you understand its eligibility requirements.
Premiums: Your premium is the amount you contribute regularly to your retirement plan. Depending on your affordability and desired retirement income, you can choose these contributions. In some plans, you can adjust your premium contributions as your financial condition changes.
Vesting age: In retirement plans, vesting age refers to the age at which you can begin receiving retirement benefits. The age can vary depending on your specific plan, but it is typically between 40 and 80 years old. In some plans, you can purchase an immediate annuity, in which you begin receiving payments immediately after purchasing it. For retirement planning, it is crucial to know when you should start receiving annuity payments, since this determines when your retirement savings will be available to you.

How much is enough to retire stress-free?

There is no one-size-fits-all retirement planning goal; your post-retirement income depends on your lifestyle, needs, and future plans. However, a few general rules can help you estimate how much to save.

According to a general rule, after retirement, you'll need 70–80% of your pre-retirement income to live comfortably. For example, a person with a current income of 10 lakhs will likely need around 7-8 lakhs per year during retirement. In the event that you expect to live 20 years after retirement, that equates to 1.4 to 1.6 crores.
A retirement corpus of at least 20–25 times your annual expenses is recommended by some experts.
To secure a financial future, you need to start saving early, invest wisely in the best retirement plan, and adjust your spending habits.

Other aspects to consider for retirement planning

While planning for retirement, it's important to consider your overall financial situation, including:

Medical insurance: An individual's health insurance needs increase as they age. Getting adequate medical insurance coverage well before you retire is recommended, since older age has higher premiums.

Home: We often end up taking on a high level of liability when buying a home. For effective retirement planning, you should pay off your loan before you retire so that you do not have to bear the burden of the debt.

Estate planning: To prevent any hassle during your retirement, plan the distribution of your wealth and assets well in advance.

Still in Doubt? Use our Retirement Calculator to find the pension amount you need to secure your family.

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Frequently Asked Questions

Generic Coverage Premiums Claims

What is retirement planning?

Retirement planning comprises building a long-term plan for financial stability after you retire. Choosing a guaranteed⁵ regular income option can help take care of you and your family’s needs.
Is retirement planning for everyone?

Yes, everyone should have a retirement plan for financial stability after retirement. It can compensate for the absence of a regular salary and take care of your family.
How do I purchase a retirement plan?

To purchase a retirement plan of your choice online, you can visit the official Tata AIA Life Insurance website. To purchase an annuity plan offline, visit any of our branches nearby.
Are retirement plans the same as pension plans?

Retirement and pension plans are similar. However, all pension plans don’t provide life insurance cover for you and your family. All Tata AIA Life Insurance retirement plans come with a life insurance cover for your family.
What are annuity plans?

Annuity plans are retirement plans which provide a guaranteed⁵ regular income after you retire. Depending on the plan type, you can select how to invest in it and receive the benefits.
What is the 4% rule in retirement planning?

The 4% rule in retirement states that you should withdraw only 4% of your corpus in the first year, and you should keep raising your withdrawal amount as inflation increases.
What are the 3 R’s of retirement?

The 3 R's of retirement planning, regular income and risk management. Each of them is essential to ensure a comfortable life post retirement.
What are basic retirement plans?

There are two basic retirement plans. They include pension plans involving regular contributions for corpus building and annuity plans providing guaranteed⁵ income for life after a lump sum payment.
What is the retirement lifecycle?

Retirement cycle refers to the three phases from one’s working years to retirement. They are pre-retirement, retirement and post-retirement stage.
What is deferment?

Deferment is the strategy of delaying retirement and continuing to work past the traditional retirement age. Using this approach, people can boost their savings and delay retirement withdrawals.
What are the biggest mistakes to avoid when planning for retirement?

Starting late, ignoring the inflation effect, investing in high-risk assets near retirement, depending only on employer pension or EPF, and not maintaining an emergency fund are the major mistakes you should avoid.
How can I protect my retirement savings from market volatility and risk?

Diversify your investments in various assets across different market sectors to reduce the impact of volatility.
When is the right time to start planning for retirement, and how much do I need to save to prepare?

You should start as early as possible after you begin working. This allows you to save more and provides time for the investments to grow due to compounding over time.
What are the 7 steps in planning your retirement?

Follow these 7 steps for retirement planning: set goals, estimate expenses, calculate required corpus, start saving early, pick investment assets, plan for taxes¹, review and adjust when needed.

What are the types of annuity plans?

Annuity plans are of two types: deferred and immediate. Deferred annuity plans allow paying premiums over time to receive the guaranteed benefits on maturity. Under immediate annuity allows investing a lump sum near maturity date and receive benefits immediately.
Do retirement plans have a life insurance cover?

Pension plans that only help you save for retirement may not be able to provide life insurance coverage. However, all Tata AIA Life Insurance retirement plans comprise a life insurance cover to protect you and your family.
How much retirement fund do I need?

To understand the amount of retirement funds you need, consider all basic and major expenses after your retirement, financial commitments of all the family members, and health emergencies.
Can I add riders to my Tata AIA Life Insurance retirement plan?

Yes, you can add one or more of the available riders⁴ to your Tata AIA Life Insurance retirement plan. Riders provide additional plan benefits and increase your plan coverage.

Can I choose the premium payment term in a retirement plan?

Yes. Retirement plans allow paying the premiums either as a Single Pay (lump sum) or for a certain number of years, depending on the policy term and terms and conditions.
What are the premium payment modes in annuity plans?

Most popular annuity plans offer the following premium payment modes: Annual, half-yearly, quarterly, or monthly mode of payment.
Can I calculate how much premium I should pay for my retirement plan?

Yes, you can calculate the premiums as well as your retirement plan sum assured with the help of our Tata AIA Life Insurance Retirement Calculator.
Do I opt for a regular income plan or a lump sum benefit?

Choosing between a regular income plan and a lump sum benefit depends on your needs. Select a lump sum payout for major expenses. Otherwise, choose the regular income option.

How do I file a claim on my retirement plan?
To file a claim with us, you can choose any of the following channels to reach out to us.
- 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
Do I need to file a maturity claim for my retirement plan?

Yes, you will have to file a maturity claim for your retirement plan as the benefits by submitting the necessary documents at any of the Tata AIA Life Insurance offices.
Can a death claim be filed soon after the death of the policyholder?

A death claim should be filed soon after the death of the policyholder, subject to all the documents and certificates being present with the nominee.
What documents are needed to file a claim?

The documents required to file a claim include the policy document, claim form, identity proof etc. Please click here to know the list of documents needed for the claim intimation and settlement process.

Retirement Planning

₹10,000/month invested since 2015 would be ₹88 Lakh today (31.40% returns)

Success

Failure

What is Retirement Planning?

Looking to buy a new insurance plan?

Retirement Plans to Secure Your Future

Tata AIA Smart Pension Secure:

Tata AIA Fortune Guarantee Pension:

Tata AIA Saral Pension Plan:

Importance of Retirement Plans in India

Why Plan for Retirement?

End of working years

Increase in average life expectancy

The rising cost of commodities

Medical emergencies

Suitable time to fulfil life aspirations

No social retirement benefits

How Do Retirement Plans Work?

Early life

The middle years

Later years

Benefits of Retirement Planning

Stress-free life

Financial protection

Regular income

Tax benefits

Higher returns than inflation

Deal with uncertainties

Retirement planning stages

Young adulthood (21 to 35 years):

Early midlife (36 to 50 years)

Later midlife (51 to 65 years)

Reasons to Plan for Your Retirement

Financial independence

Maintain a standard of living

Medical costs

Tax relief

Peace of mind

To fight inflation

Factors to Keep in Mind While Planning for Retirement

Starting age

Annuity structure

Top-up flexibility

Reliable insurer

Retirement age

Risk appetite

Current financial situation

Post-retirement expenses

Family’s active involvement

Tax efficiency

Types of Retirement Plans

Immediate annuity plans

Deferred annuity plans

Senior citizen savings scheme

National pension system

Tips for retirement planning

Start saving early:

Be ready for future financial crises:

Explore life insurance plans:

Diversify investments:

Consider your retirement goals:

Eligibility criteria for retirement plans

How much is enough to retire stress-free?

Other aspects to consider for retirement planning

Still in Doubt? Use our Retirement Calculator to find the pension amount you need to secure your family.

Blogs

Frequently Asked Questions

Popular Searches

₹10,000/month invested since 2015
would be ₹88 Lakh today (31.40% returns)