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The most important retirement planning questions

<br>It is natural that you have many questions about planning for your retirement. Here are the important questions regarding your retirement planning .for more information about our products and services please visit http://www.policyadvisor.in/

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The most important retirement planning questions

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  1. Retirement planning frequently asked questions www.policyadvisor.in

  2. Pension plans insurance plans or retirement plans are investment plans where a portion of your savings is earmarked to accumulate for a specific duration, to yield regular income after retirement. The premium for pension plan insurance plans is paid to the insurance company to build a corpus. When this matures at retirement, the insurer receives it as regular income or as lump sum and enjoys financial security. Compare pension plans for best benefit. 1. What are pension plans? www.policyadvisor.in

  3. Pension plans offer regular income after retirement when the paychecks stop, allowing you to focus on your dreams, making available the funds you need to live comfortably and be financially independent 2. Why should I have a pension plan? www.policyadvisor.in

  4. The earlier the better, as it will result in higher savings when you retire. Since life is unpredictable, the sooner you get retirement insurance policy, the better prepared you will be, financially. Not planning for retirement income can be expensive in the long run both for yourself and your family, especially in the event of untimely death. • 3. • When should I start planning for my retirement? www.policyadvisor.in

  5. Retirement planning will provide you with consistent income to meet your needs as well as your dependants’ after you retire, besides entitling you to tax benefits and financial stability. 4. • How will retirement planning help me? www.policyadvisor.in

  6. In every pension plan, 33% of the final payout is withdraw able as lump sum and tax-free. The remaining amount is taxable. According to section 80CCC of the Income Tax Act, premiums paid under pension plan insurance plans are deductible up to a maximum of Rs.10000 of taxable income. 5. • Are there tax benefits with retirement plans? www.policyadvisor.in

  7. There are several types of retirement plans and these can be categorized based on: • Premium payment mode: has deferred annuity pension plan an immediate annuity pension plan . • Nature of investment has ULIP pension plans and traditional pension plans • Tenure has life annuity pension plan and fixed term annuity pension plan. • Pension plan insurance comparison is a must before choosing the appropriate one. 6. • What types of retirement plans are available? www.policyadvisor.in

  8. Retirement planning must start as early as possible, preferably the moment one starts earning an income as this will enable the individual to create a larger corpus over a period of time with smaller monthly premiums. For example, getting a pension plan insurance plan at the age of 30 will result in a larger maturity amount at a lower payment. If the pension plan starts at the age of 40, the monthly investment will be more and the corpus will be less. So, the earlier the better, with plenty of options to manage the investment. Compare pension plans to enjoy the benefits of a happy retired life. 7. • How one should start saving for retirement? www.policyadvisor.in

  9. Once you decide on investing in a retirement insurance policy, consider the following: • Whether the plan offers the option of long-term savings • Do you have flexibility to select retirement /vesting age • Is there minimum guarantee on investment • Can you balance your investment between debt and equity • Does the plan allow additional life cover for your spouse • Can you increase your monthly savings with an increase in employment income • Are there annuity options to choose from • What about bonus clause • Is there cover for terminal illness • What riders are available • What is the cost of investment (charges payable) • Compare premium for pension plan insurance plans. 8. • How to choose the right retirement plan? www.policyadvisor.in

  10. GET ANSWERS • DECIDE & CONNECT • GET QUOTES & COMPARE • CHOOSE THE BEST PLAN OUR PROCESS IS EASY www.policyadvisor.in

  11. Our Services Retirement / Pension Plans Endowment Insurance Policy Term Insurance Policies Unit Linked Insurance Policies Child Education Plans Auto / Car Insurance Policy Money back Insurance Policy Health / Mediclaim Insurance Policy www.policyadvisor.in

  12. About Us We are developing some unique online insurance calculators & free tools to help you decide the right insurance plans. Our prime focus is to develop online insurance products for better decision making process.  www.policyadvisor.in

  13. THANKS! Any questions? www.policyadvisor.in

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