Retire Smart: Plan for Tomorrow, Today

Retirement - Pension Plans

Embrace your retirement years with confidence and security. Continue living the life you’ve always aspired to live, even after retirement. Our Retirement & Pension Plans are crafted to provide a stable and comfortable lifestyle, ensuring your hard-earned savings continue to work for you. Secure your future today, for a worry-free tomorrow with our comprehensive retirement planning solutions.

Guaranteed income post-retirement
Flexible premium payment options
Joint life coverage for loved ones
Return of purchase price benefits
Critical illness protection
Customizable payout options
Lifelong income stream

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Why do I need Retirement Plan?

Steady Income Post-Retirement

Ensure a comfortable retirement with a consistent income stream from our IndiaFirst Life Retirement Plans, maintaining your standard of living effortlessly.

Flexible Annuity Options

Choose from a variety of annuity plans, tailoring your retirement income to suit your unique needs.

Extend Benefits to Loved ones

Secure the financial future of your loved ones with extended annuity benefits, offering peace of mind with our life insurance retirement plan.

Coverage Against Critical Illnesses

Stay prepared for health uncertainties with comprehensive coverage against critical illnesses.

Option for Return of Purchase Price

Invest with confidence, knowing your principal amount is safeguarded for future returns in our retirement benefit plans.

Tax Benefits on Premiums

Enjoy tax savings as per prevailing laws on your premiums, enhancing the value of your retirement investment.

Bonus Opportunities

Benefit from potential bonuses, adding to your retirement corpus for a more secure future with our retirement policy in India.

Policy Term Flexibility

Select a policy term that aligns perfectly with your retirement planning and goals.

Lifetime Income Assurance

Relax with the assurance of receiving a stable income throughout your retirement years.

Joint Life Coverage Option

Ensure continued financial support for your spouse with joint life coverage.

Flexible Annuity Payment Modes

Enjoy the convenience of choosing how and when you receive your annuity payments.

Protection Against Inflation

Keep your retirement funds growing, staying ahead of inflationary pressures.

How Does a Retirement Plan work?

Fixed Income: Receive fixed annuity income during your retirement years.
Return of Purchase price: Protect your nominee(s) as they get back the premium amount in case of an unforeseen event
Pay for limited period: Pay for a limited period while enjoying the annuity benefits of your policy for a lifetime.
Coverage from Critical illness: Stay protected from Critical Illnesses as you get the amount in the form of purchase price and utilize it for your treatment.
Financial Security: Start saving early to accumulate a significant amount, ensuring stability and security through our retirement insurance policy.
Tax Benefits: Enjoy tax advantages on both the invested premium and the maturity benefits under prevailing tax laws, a key feature of our retirement insurance plans in India.
Flexible Investment Horizon: Choose your investment duration to align with your financial goals and life stage, maximizing the retirement insurance benefits.
Assured Income and Bonuses: Guaranteed additions on premium paid during initial years, monthly income payouts, and potential bonuses (if declared).
Flexible Term and Premium Payment: Select a policy term and premium payment term that suits your financial needs.
Choice of Payouts: Options to receive payouts in monthly, annual, or periodic instalments as per your future financial needs.

How to Buy Retirement & Pension Plans?

Step 1

Define Investment / Income Goals

Assess your retirement needs and decide on the income or corpus you wish to achieve with our IndiaFirst Life Retirement Plans.

Step 2

Calculate Premium and Policy Terms

Calculate your annuity value with the help of premium and policy term.

Step 3

Select Plan Benefits and Add-Ons

Explore various plan with benefits like Single life options, Joint life option, critical illness cover, or return of purchase price for tailored coverage.

Step 4

Complete Payment and Policy Issuance

Finalize your investment by making payment and get your plan issued for a secure retirement.

Why Choose IndiaFirst Life?

Making wealth and ensuring your family's financial safety is important. IndiaFirst Life Retirement Plans are designed to prioritize your goals. Here's why opting for our Retirement Plans is the right choice:

Trusted by 1.6 Crore Customers for their life insurance policy

Promoted by Bank of Baroda

High Claim Settlement Ratio of 98.04%

Seamless Online and Offline Experience

100% Genuine Claims are Settled in 1 day.

Pension Plan Basics

View All FAQ’s

Pension Plan Basics

Investment & Premium

Annuity Amount & Returns

Lifestyle & Planning

Types of Pension Plans

Why do you need a retirement plan?

Answer: A retirement plan ensures financial security post-retirement, offering structured income based on your investments.

What is the right age to invest in a retirement plan?

Answer: The sooner, the better. Ideally, start as early as 18 years to maximise investment horizon and benefits.

How do I start with retirement planning?

Answer: Understand your future needs and current income. Use tools like Wealthify for clarity and start investing in pension plans.

What are the tax benefits of pension plans?

Answer: Enjoy tax benefits on premiums and maturity under Section 80C and 10(10D) as per prevailing income tax laws.

I have a PF account; do I still need a retirement policy?

Answer: Yes, to ensure financial security post-retirement, diversify your portfolio beyond PF, considering inflation and increased lifespan.

What is the vesting/vestment age in retirement policies?

Answer: Vesting age is when your pension returns start. It varies based on the pension plan and your retirement needs.

Why account for inflation in retirement planning?

Answer: Inflation reduces purchasing power over time. A pension plan helps safeguard your financial future against inflation.

How much of my savings should go towards retirement planning?

Answer: At least 15% of your monthly income should ideally be set aside for retirement planning.

What are the types of pension plans in India?

Answer: Options include deferred annuity plans, immediate annuity plans, EPF, PPF, NPS, and ULIP, retirement insurance plans.

How can I plan for retirement in India?

Answer: Consider your current income, retirement age, expected pension amount, and inflation. Invest in pension plans for a secure future.

Eligibility Criteria

Age

Investment

Policy & Premium

Age

Question: Age:
Answer: Minimum Age for Applying for a pension plan can be from 25 to 40 years
Maximum Age for Applying Can vary, but often up to between 55 to 80 years
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Investment

Question: Investment
Answer: Minimum Investment Amount can be as low as Rs. 24,000/yearly.
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Policy Premium

Question: Policy Premium
Answer: Premium Payment Term is between 5 Years - 40 Years
Retirement plans offer minimum Annuity amount which you can receive is INR 1,000 per month & INR 12,500 per annum.
You can avail annuity payment frequency Monthly, Quarterly, Half-yearly, Yearly
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