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    RETIREMENT

    Pension Plan - A Kitty for Meeting Post Retirement Income

    Last Updated On 29-09-2016

    Everyone dreams of that perfect retirement. A time when all duties and responsibilities have been met with and, its time to stretch your legs and relax to life’s hard work and success. But retirement can also be plagued by health concerns and financial handicaps if you don’t play your cards right. A pension plan could be one of the most effective solutions to ensuring a good retired life.

    Retirement planning should be carried out based on two crucial factors:

    1. Your current income
    2. Your vision for retirement, based on your expected standards of living

    The entire process can be split into two phases:

    1. The accumulation phase
    2. The distribution phase (retirement period)

    It is important to begin saving for retirement as early as possible. The sooner you begin ‘accumulating’, the lesser the risk of you not being able to meet your targeted savings amount. It is also advisable to ensure that your investments are dynamic enough so that it allows that added flexibility of changing what you use it for in the future.

    During the ‘distribution phase,’ buy some immediate annuity plans or create your monthly income through ways of renting out property, getting FD interest or plain dividends from stocks or any combination of these. This allows for regulating the inflow of money out of the investments made previously, letting you make wiser and more effective use of the same.

    Retirement is meant to be a blissful period in your life. It is the last lap. A good retirement plan can ensure that you finish the race as comfortably as possible.

    Disclaimer:

    The aforesaid article presents the view or an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ before making any decision.

    PNB MetLife India Insurance Company Limited, Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka.
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    The marks “PNB” and “MetLife” are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
    Call us Toll-free at 1-800-425-6969.. Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203

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    As your trusted life insurance partner, PNB MetLife is with you amidst the current COVID-19 outbreak. Our policies also cover COVID-19 Claims. In case of a Death Claim, kindly submit the signed Claim Intimation Letter mentioning the policy number, brief of the insured event and other claim documents on the email mentioned herewith. Please write-in to us at claimshelpdesk@pnbmetlife.com or indiaservice@pnbmetlife.co.in. You can also call us on 1800-425-6969 for death claims intimations and for any queries on Monday - Saturday between 10:00 am - 7:00 pm.

    PNB MetLife Insurance, amongst the trusted Life Insurance companies in India, aims to provide a wide range of Life Insurance products that suits the needs of an individual at every stage of his life. Life Insurance Plans range from Term Life Insurance PlansTerm PlanProtection PlansLong Term Savings Plans , Retirement Plans & Child Education Plan.

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