Retirement planning is the process of setting retirement income goals and following them by pursuing actions that are necessary to achieve those goals. As opposed to the past generations, retirement is now not just limited to sitting back and living off the monthly pension. It is so much more than that, where people continue to live with new set of goals and more dedication to personal life. With the help of best retirement plans, you can tackle all the financial issues that would arise post-retirement, and you can live your life on the achievable and enjoyable path as planned. Once you start investing for retirement from early on, your savings would get compounded and you will gain the benefits of the growth. Though retirement planning is a life-long process, it is better to start planning from the beginning.
In order to be able to use 70% of the pre-retirement income after retirement, one must start saving from a young age. Moreover, it is also important to invest in the right instrument to be able to multiply your funds and generate wealth for the long-term.
Here are some of the most crucial benefits of retirement planning :
Bharti AXA Life Aajeevan Sampatti+
A savings plan that offers dual benefits of guaranteed annual pay outs with life cover up to age 100.
Bharti AXA Life Grow Wealth
A savings-oriented unit linked insurance plan that offers you multiple fund options to suit your investment needs with a life insurance cover to protect your family in case of any unfortunate event.
NOTE- In this policy, the investment risk in investment portfolio is borne by the policyholder
Bharti AXA Life Super Endowment Plan
A plan that helps to build your wealth, in a planned manner and meet your financial goals and future expenses.
Bharti AXA Life Dhan Varsha
A non-linked participating plan that offers you Non-Guaranteed Cash Bonuses from the 7th year, Guaranteed* Survival Benefits from the 10th year onwards, as well as a lump sum at the end of the Policy Term.
Bharti AXA Life Saral Pension Plan
It is a single premium, non-linked, non-participating individual immediate annuity plan. Immediate Annuities are a smart way to ensure guaranteed regular income even post retirement.
Bharti AXA Life Swabhimaan Retirement Plan
With this plan, you can start saving up for your old age by paying premiums over the years without burdening yourself with financial constraints.
In modern times, it is highly necessary to do efficient retirement planning to be able to deal with any kind of shortages and emergencies in the retirement days. By investing for retirement from now onwards, you can assess and evaluate how quickly you can achieve your retirement goals. Moreover, you can control the cash flow, in terms of the earnings and expenses, and analyse the risks involved. Hence, mentioned below are the benefits of retirement planning and investing for retirement :
Retirement represents a milestone in a person’s life. It is the beginning of a new life of the retired. They can pursue the other plans and goals in life, which were earlier burdened and disturbed by the daily work routine. But life still goes on, and they do require financial resources to fulfil these dreams and goals as well as life’s basic necessities. Hence, it is important to choose the best retirement plan for yourself. Here are some of the general features of retirement investment policy plans and schemes that are offered by insurance providers in India :
Anyone who is willing to lead a comfortable post-retirement life, would require to save up and plan for it well in advance. Having financial self-sufficiency and planning in the second innings of life can prove to be a great boon. As you age, you may develop hobbies and passions that you might want to pursue. Due to the tight schedule and constraints of work life, you might not be able to fully realize them. In such a case, you are most likely to put those dreams into the backseat until retirement and pursue them successfully then. Retirement plans and schemes are the best for you if you want to live your post-retirement life without any financial burden and live it to the fullest. These schemes are also most suitable for you if you live in a nuclear family. Moreover, if you are someone who wants lifelong security even after retirement, and want to live according to the quality of life that you expected by working all your life, then having a retirement plan/scheme is a must. It will not only help you relieve financial stress, but also fulfil your biggest dreams, liabilities, and responsibilities out of the savings and fund collected from your lifelong earnings.
Choosing the right retirement plan for your future needs is the most crucial part of finalizing your best retirement plan. In order to know what plan suits you best, there are certain factors to be considered and steps to be followed. They are as mentioned below :
Retirement planning is planning your finances in such a manner that you can achieve your present as well as future financial goals. For this, you must be able to estimate the future cash flow.
Financial stability of yourself as well as your dependents, achievement of financial goals, making wiser investments, living comfortable post-retirement life, covering medical and other emergencies without any stress, etc. are some of the major benefits of retirement planning.
There is no specific or ideal retirement age in India, but you must consider your own preferences and start investing at a young age to avail more benefits and funds.
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Life Insurance Coverage is available
Bharti AXA Life Insurance is the name of the Company and Bharti AXA Life Aajeevan Sampatti + is only the name of the Non-Linked, Participating Individual Life Insurance Savings Plan and does not in any way represent or indicate the quality of the policy or its future prospects. UIN: 130N058V03
Bharti AXA Life Insurance is the name of the Company and Bharti AXA Life Grow Wealth is only the name of the Unit-Linked, Individual Life Insurance Plan and does not in any way represent or indicate the quality of the policy or its future prospects. UIN: 130L088V03.
In this policy, the investment risk in investment portfolio is borne by the policyholder.
Bharti AXA Life Insurance is the name of the Company and Bharti AXA Life Super Endowment Plan is only the name of the Non-Linked, Non- Participating, Individual Life Insurance Savings Plan and does not in any way represent or indicate the quality of the policy or its future prospects. UIN: 130N089V02
Bharti AXA Life Insurance is the name of the Company and Bharti AXA Life Dhan Varsha is only the name of the non- linked, participating, individual, life- insurance savings plan and does not in any way represent or indicate the quality of the policy or its future prospects. UIN: 130N070V04
Bharti AXA Life Insurance is the name of the Company and Bharti AXA Life Saral Pension is only the name of the single premium, non-linked, non-participating individual Immediate Annuity Plan and does not in any way represent or indicate the quality of the policy or its future prospects. UIN: 130N104V01
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
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Tax benefits are as per Income Tax Act, 1961 and subject to any amendments made thereto from time to time
Advt No.: II-Feb-2022-3708
