The name of Aditya Birla Sunlife Empower Pension Plan comes in the best pension plan. This plan can be bought by any person from 25 years to 70 years. After taking the plan, it continues till the age of the person reaches 80 years.
Pension plan or retirement plan is such an investment in which we accumulate some money for a long time so that old age expenses can be met. Due to this plan, there is no worry about future expenses because after a certain period, there is a substantial amount in hand. Under this plan, if you want, you can get pension on every month, quarter, half yearly or yearly basis. It is said that even if a good amount is deposited in your account, but some pension plan must be taken.
When the salary stops after retirement, then only the pension plan money will come in handy. You do not need to invest a lot of money for this. If you keep paying a few rupees as premium every year during the job itself, then in the end a big amount comes. In the middle of the pension plan, the person taking the plan starts getting money in the form of annuity at regular intervals.
Best pension plan
Before taking a pension plan, it must be seen that what percentage return is being given on it. According to policybazaar.com, the name of Aditya Birla Sunlife Empower Pension Plan aditya birla sunlife empower pension plan comes in the best pension plan in the country. This plan can be bought by any person from 25 years to 70 years. After taking the plan, it continues till the age of the person reaches 80 years. Its policy term is 5-30 years. That is, you can deposit money in it from 5 years to 30 years. You can take this pension plan by saving 18 thousand as annual premium or 1.5 rupees every month. There is no Sum Assured or Sum Assured in this.
How much premium will have to be paid
The second best pension plan is Aegon Life Guaranteed Income Advantage Plan, Aegon Life Income Advantage Plan. People up to 20-55 years can buy this plan. This plan lasts for 85 years and its premium depends on the coverage, age and premium paying term. The sum assured of Rs 1 lakh is there in this plan. At number three is Aviva Next Pension Plan in which people between 42 and 60 years can join. This plan can be run for 13, 16 or 18 years. In this, a limited payment i.e. a premium of Rs 50,000 has to be paid once in a year. If you want, you can also make a single payment of 1.5 lakhs. The benefit of sum assured is not available in this pension plan.
Bajaj Life Long Goal Pension Scheme is at number four. People between 18 years to 65 years can buy this plan. This scheme lasts till the policyholder turns 99. Its policy term is up to 99 years. At least Rs 60,000 will have to be paid every year as a premium. There is no facility of sum assured in this. At the fifth position is Canara HSBC Invest 4G Whole Life Plan. People between 18 years to 55 years can take this plan.
Deposit retirement funds like this
It can be understood with an example. Suppose 42 years old Kundan works in a private company. He is married and is a Senior Product Manager in his company. Kundan has no children and his wife is the only dependent member or dependent. Kundan wants to retire at the age of 60. Currently, he earns Rs 80,000 a month while his monthly expenditure is around Rs 52,000. This includes the premium of insurance and mutual funds. He has an emergency fund for 6 months’ expenses. Let us know how much money Kundan will need after retirement on this basis.
After retirement, Kundan will need at least Rs 32,000 to spend on himself every month. There are still 18 years left for him to retire and he wishes to live to 87 years. According to an estimate after retirement, Kundan’s house expenses will be Rs 69,085 every month. Accordingly, they will need Rs 2.12 crore. If after retirement, if you want to lead a happy life, then Kundan will have to prepare a fund of so much money, only then his life will be considered safe.
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