Setting aside funds to cope with life post-employment is necessary. Yes, you will have your pension plans and provident fund, but will that be enough? With the cost of living rising by the day, being financially independent when you need it the most is important. In addition to this, meeting medical expenses during old age or just living your dream requires financial planning. This is exactly what a ULIP helps you do - save today for a better tomorrow! The small amount that you invest regularly in a ULIP plan will accumulate and on retirement, provide that much needed financial assistance.
As per Bajaj Allianz Life Insurance Co. Ltd., ULIP funds at Finserv MARKETS enjoy good ratings with approximate returns as high as 25% over a 5-year investment period.
With approximately 2,00,000 crores held in terms of Assets Under Management (AUM), know that your ULIP investments are among the best in the market.
Under the Income Tax Act of 1961, ULIPs are tax-free investments. As a customer, you needn't pay any tax during investment, while your money grows, during fund switches or during maturity.
With ULIPs at Finserv MARKETS, policyholders do not have to pay any charge when allocating funds. Neither are there any return of mortality charges levied.
Policyholders enjoy the flexibility of choosing between 4 investment portfolio ULIP strategies thus helping one plan better for higher returns.
Numbers don’t lie. Statistics in India reveal that 90% of retired employees depend on their children for financial assistance as their savings get exhausted rather soon. The remaining 10% get government pensions or aid from former employers, but even this falls short. Considering the increase in medical care and day to day expenses, planning one’s retirement is imperative.
As healthcare facilities continue to improve, the average life expectancy increases. However, this doesn’t eliminate the fact that to avail of such advanced medical facilities, finance is needed. As per the latest data published by the World Health Organization (WHO), the average human life expectancy in India is 68.8 years (2018). Another report states that healthcare costs in India are bound to double in comparison to the rate of inflation across the country. So how does one pay for such facilities and sustain health-related expenses post-employment? A retirement ULIP plan, that’s how.
As more families opt for a nuclear setup, this impacts life post-employment. Essentially, one is on their own and being financially independent is the only way to deal with life after employment. Having a retirement plan in place now will provide the financial assistance you need during retirement. Self-dependence is the way to go! Get a retirement ULIP plan at Finserv MARKETS, today!
Are you working day and night to meet the financial requirements of your family? Do you have plans in place to help your child achieve their dreams and goals? For those who have all this in place, great! But the question is, are you sacrificing on your life goals to take care of your child’s aspirations? If you are, it’s time you start thinking about yourself too. Especially when you’ve retired from work. Invest in a ULIP side by side and save up for your future and fulfil your goals.
Pension plans are investment plans, which helps you save for your retirement. These are long term retirement plans that also give you the benefit of an insurance cover. A pension plan helps you receive a steady income after retirement, by accumulating your savings over a period of time till you retire. With the compounding effect, the monthly amount that you invest regularly grows manifold and creates a corpus for your post retirement period. Investing in a good pension scheme helps you plan your retirement better.
In a deferred annuity plan you pay your premiums over the policy term or for a limited period. As soon as the policy term is over, you start receiving pension for the rest of your life.
In an immediate Annuity plan, you invest a lump sum amount as investment. The pension starts immediately after investments. In case of your absence, your nominee gets the money on your behalf. You receive tax exemption in this pension plan.
Pension Plans with life cover pays the lump sum assured to your nominee in case of an unfortunate demise during the investment phase. Deferred annuity plans are mostly ‘with cover’ pension plans and immediate annuity plans are ‘without cover’. When you opt for a without cover pension plan, your nominee will not receive any guaranteed lump sum, But all the premiums accumulated are paid back to the nominee.
These pension schemes are a type of investment plan. They either invest in government securities, called the traditional pension plans or in a combination of bonds, stocks, and equities etc. called Unit –Linked Pension Plans.
In this you get the annuity amount for a specific number of years, which you can choose as per your requirement. In the case of your demise before the expiry of the payments, your nominee will be paid the amount.
As the insured you get the annuity for a certain period like 5, 10, and 15 years, etc.
In life annuity retirement plan, you receive the pension throughout your life. If you choose ‘with spouse’ option, he/she will get the pension benefit in your absence.
In a ULIP pension plan, the amount that you contribute as premiums is accumulated as investments till your retirement. One third of this corpus is paid back to you while the remaining is invested in an annuity scheme. The returns from this scheme are then paid to you as pension on a monthly/ quarterly /half yearly or annual basis. A unit linked pension plan invests in equity markets and gives high returns.
Anyone can invest in a ULIP retirement plan subject to, meeting the entry age criteria. You should fulfill the minimum and maximum age criteria as mentioned in the policy documents to be eligible to start your retirement investment plan.
You will be asked to submit the following documents: -
For Address, identity and Age proof you can submit your Aadhar card, Driving license, Voter Id card, Passport, PAN Card, etc.
Finserv MARKETS also offers ULIP Plans for investments and child’s education.
Our child plan can help you prepare for your child’s bright future. Also, our investment plan enables you to get good returns in the long run.
Buy Bajaj Allianz Pension Plans available on Finserv MARKETS to secure your post retirement life. ULIP Pension Plans offer tax benefits, life insurance and market linked returns. Get a free retirement plan quote today!
Now, I will be able to take care of my expenses even after retirement. Thanks to ULIP retirement plan available on Finserv MARKETS. Availing the policy was very easy and the customer service is very efficient.
Posted on 18 Nov 19
I availed the ULIP pension plan. I am sure that this will help me accumulate enough savings to lead a comfortable post-retirement life. Thanks to Bajaj Allianz ULIP plan.
Posted on 19 Nov 19
The customer service is highly efficient. It helped me evaluate my risk-appetite and make the investment accordingly. Also, the pension plan provided me an adequate life insurance coverage. Highly satisfied with the overall experience.
Posted on 2 Jan 19
The ULIPs available on Finserv MARKETS is an ideal pension plan that will help me save up for my retirement and work as an income provider.
Posted on 07 Mar 20
The ULIP retirement plan available on Finserv Markets offers great potential returns and the application process is also very easy.
Posted on 30 Mar 20
One of my friends recommended investing in retirement plan so that I could live without financial stress after my retirement. The ULIP pension plans was a perfect choice, with choice of investment portfolios, flexibility to switch, and more. Very happy with the product.
Posted on 02 Apr 20
As normal savings get spent in regular monthly expenses, I was worried about not having enough funds for living a good retired life. This is when I opted for a retirement plan on Finserv MARKETS. This pension plan will work as an income generator post retirement. Really happy!
Posted on 09 Apr 20