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Which is the best pension plan in India?

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Banking
0 2022-08-18T18:50:45+00:00
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If you’re looking forward to a good retired life, then you should start investing in the best pension plan in India. A pension plan is a retirement plan that’s specifically designed to offer insurance and investment benefits post-retirement days. Under this plan, you’ve to invest regularly during your employment years and develop a corpus that can be utilised once you’ve retired. My father has been asking me to invest in a pension plan for months now and he has even shared a list of the best pension options to make it easier for me. Check it out:

Top 10 Pension Plans in India

Plan’s Name Entry Age Maturity Age Policy Term
Max Life Guaranteed Lifetime Income Plan Deferred Annuity: 30 to 80 Immediate Annuity: 0 to 80 31 to 90 NA
HDFC Life Click 2 Retire 18 to 65 45 to 75 10 to 35
LIC New Jeevan Shanti Plan 30 to 79 31 to 80 NA
SBI Life Saral Retirement Saver 18 to 65 40 to 70 5 to 40
IndiaFirst Life Guaranteed Annuity Plan 40 to 80 NA NA
Bajaj Allianz Life LongLife Goal 18 to 65 99 10 to 25
Kotak Premier Pension Plan 30 to 60 45 to 70 10 to 30
ABSLI Empower Pension Plan 25 to 70 80 5 to 30
LIC Jeevan Akshay - VII Plan 30 to 100 NA NA
Tata AIA Life Insurance Guaranteed Monthly Income Plan 6 to 60 65 to 68 5, 8, 12
Read more: Do paramilitary forces get pension? Do bank employees get pension? Which pension fund manager is best for NPS? What is national pension scheme? Now you can decide which is the best pension plan in India for you.

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