A pension plan is a long term investment where you pay small and regular premiums and build a retirement corpus. This helps inculcate fiscal discipline. If you start early, in your 20’s, you can save a sizeable amount by the time you retire (say at 60).

You know that the longer one stays invested, the more he/she is likely to gain. A pension plan gives you the option to invest regularly and build a huge retirement corpus.

Your life is an asset. Over your working years, you leverage this asset to create wealth. However, even in your absence, you would like to secure your family’s future. Through an insurance-led pension plan, you can provide for your family even when you’re not around.

Pension plans are flexible. Based on your financial risk appetite, you can choose an investment theme ranging from aggressive to balanced to conservative. You can also switch between funds as your outlook towards risk changes. This flexibility is important because pension schemes are long-term investments and personal, financial and economic circumstances will certainly change over the period.

A pension plan is a type of retirement plan where an employee adds money into a fund that includes contributions by the employer.
The worker’s pension payments are determined by the length of the employee’s working years and the annual income they earned on the job leading up to retirement.

There are 2 main types of pension plans: defined benefit (DB) and defined contribution (DC)

Any salaried, self-employed or professional Public and Privat companies, Government sector employees including Public Sector is eligible for a Pension Plan Policy.

Maximum age of applicant at loan maturity: 60 years

Minimum Net Monthly Income: Rs 15,000

Applicant should have the bank specified credit score.