Retirement Planning

Retirement is for everyone. We need to plan it out at an early stage.

Mostly in private organizations, we don't get pension. So you need to have a good savings and invest somewhere wherein you will get a regular flow of income like pension.

Moreover, as age progresses, our health slowly starts giving lots of problem. So dthere is medical cost which needs to be taken care of as age progresses.

Taking all these factors, I personally feel we need to be financially secured in the old age and moreover there is life-longevity.

I personally feel this is a good retirement planning provided you start planning today itself.

For a person of around 32 years, you need to pay a premium of Rs.61,139 every year for 25 years and risk cover starts from Rs.20 Lacs increasing to Rs.48 Lacs,.

From the age of 57 years, you will be getting an amount of Rs.3 Lacs every year thereby increasing by 5% every year till the age of 75 years. You will have insurance cover + you can take loan against your policy after the age of 60 years.