How To Choose Pension or Retirement Plan?

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How To Choose Pension or Retirement Plan?
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• Think of the
  scenario after your retirement. Would you want to
  be dependent on others for your living at the old
  age? If not, then you should plan for your
  retirement today itself. Pension Plans
  essentially help you invest your savings so that
  it can be used after your retirement. Government
  of India has pension schemes for its employees
  but there is no such provision in private
  sectors. If you're not a government employee then
  Pension Plans by the insurance companies are
  designed for you.

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• There are usually two types of Pension Plans-
• Deferred Annuity You can accumulate wealth by
  paying a regular or a single premium and get a
  fixed amount every month after the maturity (when
  you retire).

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• Immediate Annuity
• Your annuity or pension commences within one year
  of having paid the premium. Currently in India,
  very few Life Insurance Companies offer this
  plan.

pension-plan India There are various companies
offering Pension Plans in India and you should
choose the plan as per your needs requirements.
We, at PolicyX.com, make you understand your
present requirement and enable you to foresee
your future needs and provide you a comparison of
a number of pension schemes available in India
from the leading brands such as Max Life, HDFC
Life, Bajaj Allianz, etc.
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• Age proof- Birth Certificate, 10th or 12th mark
  sheet, Driving License, Passport, Voter ID,
  etc.(Any one)
• Identity proof- Driving License, Passport, Voter
  ID, PAN Card, Aadhar Card, which proves ones
  citizenship
• Address proof- Electricity Bill, Telephone Bill,
  Ration Card, Driving License, Passport, should
  clearly mention the permanent address
• Income Proof- income proof specifying the income
  of the person buying the insurance
• Proposal Form- duly filled in proposal form is
  required
• Medical Tests- Some companies may require
  medical check-up in order to make sure that the
  insured does not suffer from any chronic illness.

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