At Marfo Strategies Pvt Ltd, we realize how crucial retirement planning can be. Our experts come with the backgrounds of decades of experience in the financial sector, which simply means that the services we extend toward Pension Plan and Retirement Plan Insurance are considered amongst the best available. We will work with you so that you are guaranteed and funded for retirement with the best choices available.
Insurance in Pension Plans/Retirement Plans: This is a ‘financial product’ that will help you get regular income after retirement. These plans aid in creating a corpus during the working years and then use it for generating regular payouts even after retirement. The idea is that you will continue drawing a steady income even when you have stopped working, so that the standard of living stays at par.
Retirement planning is important because it prepares an individual for the day when one will have stopped receiving one’s employment-based income. An improper plan for this may end one in financial difficulties in the course of retirement. Pension Plans and Retirement Plans Insurance forms the bridge that should make sure there is a continuous money inflow, whereby one is assured of being financially independent and making life confident.
Deferred Annuity Plans:
In such plans, some amount accumulates over a period in which the payouts start after a certain period of deferral, usually after retirement.
Immediate Annuity Plans:
As the name suggests, the immediate annuity plans start paying the payouts as soon as you invest a lump sum amount for the same purpose, and the same is designed for it.
National Pension System:
A governmental initiative that pools in equity, corporate bonds, and government securities to make a retirement corpus in hybrid form.
ULPPs:
Unit Linked Pension Plans are nothing but an amalgamation of insurance with investment.
Traditional Pension Plans:
These are low-return plans with guaranteed returns or even life coverage associated, so this becomes a safety haven for all conservative investors.
Financial Security:
: his ensure that one continues to get the regular income even after the retirement days so that one’s lifestyle is not affected by lowering income.
Tax Benefits:
Almost, all the pension plans come with a deduction available under section 80C of the Income Tax Act.
Inflation Protection:
A significant number of the schemes makes provision for the payouts to be inflation-linked consequently retaining the purchasing power.
We offer Pension Plan and Retirement Plan Insurance calculator for the same, with the help of which you can make an informed decision as to which is the best plan to be considered for accumulation. This means that through this tool you would require estimating the corpus that one would require for accumulation for a comfortable retirement.
Eligibility & Required Documents:
Age:
Most policies cater to individuals aged 18 to 65 years.
Proof of Identity:
PAN card, Aadhar card, Passport.
Proof of Address:
Utility bills, Rental agreement, Aadhar card.
Income Proof:
Salary slips, Bank statements, IT returns. If required by the insurer.