Guaranteed Returns
Under your pension plan, rest assured that you will begin receiving the income benefits of the retirement plan from the vesting age as mentioned in the policy document. You need not be worried about the delay in getting the benefits.
Financial Security
In case of your untimely demise, the benefits of your pension plan will be paid out to your nominee as mentioned in the policy. In case it is a Joint Life annuity plan, the second annuitant gets the benefits on the death of the first annuitant.
Flexible Premium
You can pay the policy premiums as per the available premium payment terms and modes under different types of retirement plans. You can choose to pay them monthly, quarterly, half-yearly, annually or as a Single Pay.
Customize your Plan
Though your retirement plan should be able to suffice for all kinds of emergencies, you can still enhance your policy coverage with optional ~rider benefits, as per the terms and conditions of your policy.
Regular Income
When you stop receiving a regular salary income on retirement, a pension plan can help you with a regular income that is paid out each month over the years for a certain period to help you maintain a steady flow of finances.
Tax Benefits
When you purchase a retirement plan, you can get income tax# benefits as per applicable tax laws.
