Best Retirement Insurance Companies In India

Retirement plan is the best plan which helps to live in a planned manner for a comfortable, stress free retired life.  It is good to start saving early because with the increase of basic requirements prices, your regular savings may not be sufficient throughout the entire life. In that case retirement plans provide financial security and helps to maintain your lifestyle without compromising. Retirement plans are of 2 types which include deferred annuity plan where the insurer needs to pay through regular premiums, after the completion of the term pension starts and the other one is immediate annuity where deposit the lump sum is to be deposited and then the pension starts immediately.
Many banks are offering pension plans but it is good to wisely choose the best retirement insurance company. Following are the list of top retirement insurance companies select the top retirement plan to enjoy your pension life.

Top Retirement Plans In India

5Max Life Insurance:

Max Retirement Insurance

It is one of the leading insurance company in India which provides insurance plans like term plans, health plans, child plans, retirement plans etc. Max offers retirement plans like Max Life forever young pension plan, Max Life guaranteed Lifetime income plan, max Life Perfect Partner super plan. Max offers age limit of 30 years to 65 years and vesting age limit is 50 to 75 years. It offers death benefit, additional pension boosters along with many other advantages. If you want to know further more information on retirement plans offered by Max you are requested to visit the company website or you can know by calling to the customer care numbers provided on the website.

4HDFC Retirement Plans:

HDFC Retirement Plan

HDFC is the one of the largest insurance company in India and offers many plans like protection plans, health plans, retirement plans, woman’s plans, young star plans, savings and investment plans. HDFC offers many Retirement plans like HDFC Life Personal Pension Plus, HDFC Life Pension Super Plus, HDFC Life Single Premium Pension super plan, HDFC Life Guaranteed Pension plan, HDFC Life New Immediate Annuity Plan. On every plan it offers assured benefits equal to 101% of all regular premiums paid on death or at vesting along with flexible premium payment frequency like quarterly, half yearly or annual payment. It offers exclusive EMI facility for HDFC bank credit card holders. To know more details visit the company website or you can know by calling to the customer care numbers provided on the website.

3.LIC Pension Plans:

LIC Pension plan

It is one of the leading insurance companies in India which offers insurance plans like pension plans, unit plans, special plans, micro insurance plans, group scheme, with drawl plans and health plans. Retirement offers two types of pension plans one is Jeevan Akshay-VI and the other is LIC’s New Jeevan Nidhi. Jeevan Akshay is an immediate annuity plan which is valid for life time and the annuity is payable for 5, 10, 15 or 20 years and lifelong. It offers return of purchase price on death of the annuitant. Annuity is paid at monthly, quarterly, half yearly or yearly intervals. Jeevan Nidhi offers death benefit, additional bonus, guaranteed additions, participation in profits along with LIC’s Accidental Death and disability Benefit Rider

Contact the customer support team and know further more information about the benefits  and plans.

2Reliance Pension Plan:

Reliance Pension Plan

It is one of the largest insurance companies in India which serves millions of customers needs. It offers many insurance plans like protection plans, child plans, retirement plans, health plans, savings and investment plans. It offers two types of retirement plans one is reliance smart pension plan and the other is reliance Immediate Annuity Plan. Smart pension plan offers flexible policy terms from 10 to 30 years and offers retirement fund with extra lump sum as top ups whenever available. Reliance immediate annuity plan offers 3 different payment options along with life annuity with return of purchase price which is guaranteed for 5, 10 or 15 years and payable for life thereafter. It offers easy enrollment with no medical tests. In case of queries call to the customer care number and solve your issues.

1ICICI Retirement Plan:

ICICI Retirement Plan

It is one of the top companies which offer best retirement plan in India. It offers many insurance plans like term plans, wealth plans, wealth plans, retirement plans, group plans and rural plans. It also provide flexibility premium amount payment term for 5, 10 or throughout the policy term. The maximum age of entry is above 35 years and the policy term will be 10, 15, 20, 25, 30 years. ICICI offers assured benefit of 1015 of the sum of all premiums paid along with top ups. On completion of the 10th policy year and every5th policy year, company offers a guaranteed pension booster which will be equal to 5% of the average daily total fund value. ICICI cares about the customer needs and offers customer support team to solve all the issues related to the policies and plans, call to the customer care number and solve your problem.