What is a Retirement Plan? A retirement plan is a way of accumulating savings overtime by investing in a policy Upon retirement, you get back those savings as pension, which can be used to take care of basic necessities post-retirement Retirement plans are the best way to lead a tension free life after retiring
AegonReligare Retirement Plans
Pension Plan Accumulation Phase: During this phase, you accumulate savings by paying premiums to the company Payout Phase: During this phase, you receive pension from the company from the accumulated value
Key Features Bonus starts to accrue from the first year onwards, provided that the premiums for the first 3 years have been paid Additional bonuses boost the retirement kitty High sum assured discount Option to take up to 1/3rd of the accumulated value at the time of vesting Eligible for tax benefits as per prevailing tax laws
Insta Pension Plan Decide the amount of premium (lump sum amount) you want to pay to purchase the Annuity Plan Choose any one of the two available annuity payout options Choose the annuity payout mode with which you would want to receive your annuity Choose the most convenient way to receive your annuity amount from any of the two available options
Payout Options Life Annuity - If you choose the Life Annuity option, you will receive your annuity payment for as long as you live. Joint Life Annuity - In this option, an annuity is paid to you for your entire life. In case of your unfortunate demise, the annuity payment will continue to be paid to your spouse, till the spouse is alive. You can choose to receive your annuity either monthly or annually You can also choose to receive the annuity by cheque or direct credit to your bank account
Contact Info www.aegonreligare.com Corporate and Registered OfficeAEGON Religare Life Insurance,2nd Floor, Paranjpe B Scheme, Subhash Road, Near Garware House,Vile Parle (E), Mumbai - 400 057.