Pension Insurance

Retirement & Pension Plan

Lifelong Guaranteed Monthly Pension for You & Spouse

Create a dependable, lifelong monthly pension stream so you can retire on your own terms without relying on anyone, with options for joint-life annuity for your spouse.

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Key Plan Highlights:

Guaranteed lifelong regular pension income

Joint Life Annuity option ensuring spouse continues receiving pension

Return of Purchase Price to children after demise

Immediate or Deferred Annuity modes

IRDAI-Registered Insurers

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Essential Benefits of Retirement & Pension Plan

Lifelong Peace of Mind

A predictable income stream for your retirement years.

Spouse Financial Independence

With a joint-life option, your spouse continues to receive the pension (100% or the share you choose).

Legacy for Heirs

With a return-of-purchase-price option, the purchase price is paid to your nominee.

What is Covered Under Retirement & Pension Plan?

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Immediate annuity: start receiving pension from next month

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Deferred annuity: build corpus now, draw higher pension later

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Increasing-annuity options in some plans

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Tax treatment as per prevailing tax laws*

*Coverage terms, exclusions and waiting periods vary by insurer and plan. Please read the policy wording.

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*Premiums and features shown are indicative and vary by insurer, plan, age, health, location and add-ons. Tax benefits are subject to prevailing tax laws. Insurance is the subject matter of solicitation. Please read the sales brochure and policy wording carefully before buying.

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Got Questions?

Retirement & Pension Plan Frequently Asked Questions

Clarify all your doubts with direct expert answers.

What is the difference between immediate and deferred annuity?

Immediate annuity starts pension payouts right away after depositing a lump sum, while deferred annuity allows you to accumulate wealth over years before starting monthly income.