A Retirement plan is a financial tool that can offer you both insurance coverage and investment benefits. You can invest a specific amount of money from your income regularly to build a corpus for your retirement. This corpus can be redeemed as payouts at the time of your retirement. You can also choose to invest in an immediate annuity, where you make a lump sum payment and receive regular payments at the time of your retirement.

  • Guaranteed and regular income
  • Liquidity
  • Accumulation - periodic or lumpsum
  • Tax benefits
  • Protects against inflation
  • Secure future
  • Value of compounding