Retirement Planning Through Life Insurance - PowerPoint PPT Presentation

View by Category
About This Presentation

Retirement Planning Through Life Insurance


Click on For more details Bajaj Allianz Retirement plan in India is one of the best retirement plans to meet retirement planning goals. Retirement plans ensures secure and happy retired life. – PowerPoint PPT presentation

Number of Views:45


Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Retirement Planning Through Life Insurance

Retirement Planning Through Life Insurance
  • Life insurance is a good financial
    planning instrument to ensure a comfortable
    retirement, as it provides various benefits to
    the insured. There is more than enough
    information on the advantage of having a life
    insurance policy, the wisdom of entering a life
    insurance plan early and the various options a
    life insurance policy provides.

  • Relevance of Starting Early
  • 'No it isn't, the earlier the better.' Quite
    simply, the earlier he will enter a life
    insurance policy the more will be his monetary
    benefit. Twenty three is a great age to start
    investing. He has so many years ahead of him and
    his savings corpus will keep on compounding. In
    fact, if he keeps his policy for a longer period
    he will earn more money. Such is the impact of
    power of compounding. So go ahead, start saving
    immediately and extract the maximum advantage
    from your investment.

  • Flexibility of Options
  • Life insurance policies offer a lot of
    flexibility on how he can pay his premium, how he
    can change the nature of his policy and the
    different types of policies he can opt for. This
    gives him the ability to choose policies to best
    suit his needs or the needs of his dependent
    children and spouse. He can also alter his
    policies based on his changing needs or

  • Payment Terms
  • Retirement Insurance Company has different
    options available to him to make premium
    payments. He can make payments on a monthly,
    quarterly, half yearly or yearly basis. He can
    also make payments online himself or better so
    setup an automatic debit facility from his bank
  • Switches and Redirection
  • If he takes a ULIP life insurance policy he has
    two options. Firstly, he can switch units within
    the existing funds and also change the proportion
    in which the premium is allocated in these funds,
    known as switching. Secondly, he can re-allocate
    future premiums in different funds from the ones
    he has chosen at the commencement of the policy.
    This offers flexibility to change, based on his
    needs and wants.

  • Fund Options
  • He will first have to assess his needs and wants
    and his risk appetite, when buying a life
    insurance policy. Based on this he has a number
    of fund options available to invest in. If he
    wants greater risk and greater returns he will
    choose to put a higher portion in equity funds.
    Alternatively, if he wants less risk he will
    invest a higher portion in debt funds. He also
    has policies to suit short term or long term
    needs. Depending on whether he wants to save for
    his spouse or children he has options to cater to
    those needs as well.

Follow us on
Click to know more on Retirement Pension Plan
Thank You