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Retirement Calculator
A retirement planning calculator is a simple tool that gives you an idea of the corpus you can accumulate with a regular monthly investment for your golden years.
Retirement Calculator
A retirement planning calculator is a simple tool that gives you an idea of the corpus you can accumulate with a regular monthly investment for your golden years.
Retire Grand with Flexi Benefits
Guaranteed Lifelong Income Limited premium payment term Multiple annuity options Option to defer the annuity payments
Retire Grand with Flexi Benefits
Guaranteed Lifelong Income Limited premium payment term Multiple annuity options Option to defer the annuity payments
Save, Dream, Plan. Live Peacefully
Option to choose premium payment term Get Tax benefits
Save, Dream, Plan. Live Peacefully
Option to choose premium payment term Get Tax benefits
Popular Searches
Retirement Calculator Best Retirement Plan Senior Citizen Card Saral Pension Plan NPS Withdrawal Pension4Life Plan Retirement Planning 5 Retirement Tips National Pension Scheme NPS Pension Calculator
Popular Searches
Retirement Calculator Best Retirement Plan Senior Citizen Card Saral Pension Plan NPS Withdrawal Pension4Life Plan Retirement Planning 5 Retirement Tips National Pension Scheme NPS Pension Calculator
Popular Searches
Types of Pension Plan Guaranteed Pension Plan Is Pension Taxable How to Check Old Age Pension Status Benefits of Pension Plan How GST Applies to Pension Plan?
Popular Searches
Types of Pension Plan Guaranteed Pension Plan Is Pension Taxable How to Check Old Age Pension Status Benefits of Pension Plan How GST Applies to Pension Plan?
Popular Searches
Tax Planning for Retirement Types of Retirement Plans Guaranteed Pension Plans Retirement Income Plans
Popular Searches
Tax Planning for Retirement Types of Retirement Plans Guaranteed Pension Plans Retirement Income Plans
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Fixed Returns, Zero Risks & Worries
4 Plan options Life cover + Guaranteed benefits Accidental death benefit Premium protection cover
Retirement - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Retirement - Top Selling Plans
We bring you a collection of popular Canara HSBC life insurance plans. Forget the dusty brochures and endless offline visits! Dive into the features of our top-selling online insurance plans and buy the one that meets your goals and requirements. You and your wallet will be thankful in the future as we brighten up your financial future with these plans.
Glossary
ULIP: Unit-linked Insurance Plan; a life insurance plan offering life cover plus market-linked investments for wealth creation
Glossary
Unit Linked Insurance Plan : It is a life insurance plan that combines protection with market-linked investments like equity or debt funds.
Types of Retirement & Pension Plan Schemes in India
Pension plan With Life Cover: This pension plan includes insurance coverage that entitles your dependents to a lump sum in case of an unfortunate event. Such plans are best for you if your spouse is financially dependent and is younger than you.
Types of Pension Plan
Pension Plan with Life Cover: These are pension plans where primary account holders or joint holders will also have life coverage. If they die during the plan’s term, the policy will pay the death benefit amounts to their nominees.
What is Retirement Planning?
Though no time is perfect, you should start planning for retirement as early as you can. The earlier you start planning for your finances, the better it will be for you once you reach the retirement stage.
How to Choose the Best Retirement Pension Plan?
The right time to start planning for retirement is as soon as you start earning. You can choose the best retirement plan based on the following parameters:
Types of Retirement & Pension Plan Schemes in India
Government-Backed Retirement Schemes (EPF, PPF, APY): Beyond NPS, the Indian government offers several other retirement-focused savings schemes that form the backbone of financial security for millions of Indians. Employees' Provident Fund (EPF): A mandatory retirement savings scheme for salaried employees in organisations with 20 or more employees. Both the employer and employee contribute 12% of the basic salary each month to the EPF corpus, which earns a fixed, government-declared interest rate. The accumulated corpus, along with interest, is payable to the employee upon retirement and is fully exempt from tax subject to applicable conditions. Public Provident Fund (PPF): A voluntary, long-term savings scheme open to all Indian citizens, including self-employed individuals. PPF follows an Exempt-Exempt-Exempt (EEE) tax structure ; contributions, interest earned, and maturity proceeds are all tax-free. The scheme has a lock-in period of 15 years and currently offers a government-declared interest rate of 7.1% p.a., making it one of the safest retirement savings instruments available. Atal Pension Yojana (APY): A government-backed pension scheme primarily targeted at workers in the unorganised sector. Subscribers can choose a fixed monthly pension of ₹1,000 to ₹5,000 per month after the age of 60, depending on their contribution amount and age at entry. The government also co-contributes for eligible subscribers, making APY an accessible and affordable pension option for those without formal employment benefits.
4. Employee Provident Fund:
EPF (Employees’ Provident Fund) is a retirement savings scheme for salaried employees in India. Both the employee and employer contribute 12% of the employee’s basic salary every month. Over time, this amount grows with interest. You can withdraw it after retirement or in case of emergencies. It helps secure your future with regular savings.