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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
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.
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.
Types of Retirement & Pension Plan Schemes in India
National Pension Scheme (NPS): The NPS is a government-backed retirement savings plan designed to provide financial security after retirement. It is a voluntary, long-term investment plan regulated by the Pension Fund Regulatory and Development Authority (PFRDA). Under NPS, individuals contribute regularly to their pension accounts, and the funds are invested in a mix of equities, corporate bonds, and government securities based on their chosen asset allocation. Upon retirement, a portion of the corpus can be withdrawn as a lump sum, while the remaining amount is used to purchase an annuity, ensuring a steady income. NPS offers tax benefits under Section 123 and 124 of the Income Tax Act (previously referred to as Section 80C and 80CCD(1B) of the Income Tax Act 1961, respectively), making it an attractive option for retirement planning.
Best Investment Retirement Options in India 2025
NPS (National Pension System): The National Pension System (NPS) is a government-supported retirement scheme that allows you to invest in a mix of equity, corporate bonds, and government securities. Contributions are eligible for tax deductions up to ₹1.5 Lakhs under Section 80C and 80CCD(1B). NPS offers a disciplined approach to retirement planning, with the potential for market-linked growth.
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.
Best Investment Retirement Options in India 2025
PPF (Public Provident Fund): The Public Provident Fund (PPF) is a long-term, government-backed savings option offering tax-free returns. You can contribute annually with flexible amounts and enjoy tax benefits of ₹1.5 lakh under Section 80C . With a tenure of 15 years, PPF helps you accumulate a sizeable corpus while securing your retirement in a risk-free manner.