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Have you thought of regular income during and after active earning period?
During the active earning period one has access to regular flow of money to run the family and lead life with the desired standard of living. Once this access to regular flow of money breaks upon reaching old age, it becomes difficult to maintain the same way of life. Imagine what happens if someone is to live for longer years post active earning period. The need during post active earning period is different. The steady flow of income stops and unless it is preplanned it is difficult to have this regular income and lead a peaceful retired life.
Retirement planning has, therefore, become an important part of everyone’s life. The average retired life has increased due to improvement in longevity and medical advancement. Under such circumstances, it becomes essential to plan for regular savings during the active earning period and to use the saved corpus to secure regular income upon retirement from active earning period. Secure Pension provides the necessary platform to make regular savings and ensure pension during the retired life.
Secure Pension is a non-linked “With Profits” endowment type traditional plan with Guaranteed Addition for the first three years. This is a participating policy and the policy participates in profits of the Company from the fourth policy year. In addition, the policy also provides a “Terminal Bonus”, if any, at maturity depending on the experience of the Company.
The maturity benefits under this policy are used to secure pension at the chosen maturity age thus providing a regular income after your active earning period.
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