Pension Plans
Plan a stress-free retirement with our Pension Plans. Build a corpus for regular monthly income, inflation protection, and financial independence in your golden years.
About Pension Plans
Retirement should be the golden phase of life, not a time of financial stress. Our Pension Plans help you build a substantial corpus during your working years, ensuring a steady stream of income post-retirement.
Why Start Early? With the rising cost of living across Indian metro cities, reliance on savings alone is not enough. You need a dedicated pension plan that beats inflation.
Types of Plans:
- Deferred Annuity: Accumulate now, get pension later (e.g., NPS, private pension plans).
- Immediate Annuity: Pay a lump sum and get pension immediately (suitable for retirees).
- NPS Assistance: We guide you on National Pension System tier selection and fund management.
At Insurance Support, we help you navigate the complexities of specific policy terms to find the plan that best fits your requirements and budget.
Key Benefits
Frequently Asked Questions
Is pension taxable?
The commuted part (lump sum) is largely tax-free. The monthly pension is treated as income and taxed as per your slab.
Can I withdraw money before retirement?
Most plans have a lock-in period. However, partial withdrawals are allowed for specific reasons like children's marriage or critical illness.
What happens to the pension after death?
In joint-life annuity plans, the spouse continues to receive the pension.