Retirement can last 25 to 30 years with no salary. A pension plan converts today’s savings into a regular income, so you maintain your lifestyle without depending on anyone.
What this section covers
- Regular income after retirement
- Maintain your lifestyle
- Multiple payout options
- Tax benefits (as per applicable laws)
- Plan early for a financially independent life
Who should consider pension plan?
- Salaried employees without a defined-benefit pension
- Self-employed people and business owners who need to build their own pension
- NPS subscribers deciding how to use the annuity portion
- Those within ten years of retirement who want predictable income
- Younger people who benefit from compounding by starting early
Explore this guide
Features & benefits
Read →Types of plans
Read →Eligibility & underwriting
Read →How to choose
Read →Mistakes to avoid
Read →Claim process
Read →Documents checklist
Read →FAQs
Read →Key terms
AnnuityVestingNPS (National Pension System)CommutationJoint-life annuityCorpus
Try a calculator
Retirement Corpus Calculator
The corpus you need at retirement and the monthly saving to reach it.
Open calculator →Pension Income Estimator
Blend an annuity with withdrawals and see income today and in today’s rupees.
Open calculator →Inflation Impact Calculator
What today’s costs will look like in the future.
Open calculator →SIP Growth Calculator
See how a monthly amount with yearly step-up can grow.
Open calculator →