Need For Life Insurance Policy As Retirement Investment

Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak e-Term Plan

Protect Your family’s financial future with Kotak e-Term Plan. Know more

Kotak Assured Savings Plan

A plan that offer guaranteed returns and financial protection for your family. Know more

Kotak Guaranteed Savings Plan

A plan that offers long term savings and insurance in one premium. Know more

Kotak e-Invest

Insurance and investment in one plan with Kotak e-Invest. Know more

Kotak Health Shield

Insurance against medical expenses related to heart, brain, liver and Cancer. Know more

Life Insurance and Retirement Planning

Life Insurance and Retirement Planning
  • 21st Nov 2019 |
  • 2,713

The average life expectancy has significantly improved in India. Undoubtedly, this is great news. You can expect to live a happier and longer life with your loved ones. However, you must also realize that you will live an extended retired life. If you have not yet started planning for the retirement phase, you must do the needful at the earliest.

Could Life Insurance be the perfect Retirement Investment?

If you have a busy professional life, it is understandable if you do not get enough time to plan your retired life. It requires thorough thinking, understanding your needs, and making many decisions. You have to choose between different available options like life insurance as a retirement investment or a retirement fund. You also need to consider an array of scenarios regarding the retired period of your life.

Here are some important aspects that you must consider:

1. The time horizon available for saving

The longer your saving period is, the higher will be your corpus. You need to start planning your retirement early so that you have more time to build a fortune for yourself.

2. Savings

The main purpose of a retirement plan is to make sure that you do not have to change your lifestyle after retirement. If you are doing your retirement planning with life insurance, you need to decide how much savings should be enough for you.

3. Expected inflation rate

The rate of inflation will make it tougher for you to maintain your lifestyle in the future if your target savings are decided based on your current expenses. The savings should be set based on the expected rate of inflation.

4. Risk appetite

Your risk appetite must determine the investment product you choose for your retirement planning. The smartest idea is to build an investment portfolio that balances security with high returns.

5.Transferring the wealth

This is an important aspect of retirement planning. The role of life insurance in retirement is to allow you to secure the future of your loved ones. So, you must make sure to decide on your nominees and the fixed portions of wealth they are entitled to receive.

The role of a life insurance policy

A life insurance policy can plan a significant part of your retirement planning. Apart from the death benefits, some policies also offer returns at regular intervals and maturity benefits. These are perfect options to build a fortune over a long period.

One of the biggest advantages of a long-term life insurance policy is that it requires you to pay a lower premium. So, you can easily build an affordable retirement fund.Some plans such as unit-linked insurance plans also come with the flexibility to switch your funds and redirect the premiums. You can also decide on a sum assured that your insurer will pay on maturity.

With all the aforementioned options, it is easy to find a life policy that not only secures the financial future of your family but also helps you save for an exciting retired life.

Buy Term Insurance and Secure your Loved Ones

Kotak e-Term Plan

Download Brochure


  • Nominal Cost
  • Multiple Plan Options
  • Flexible Payout Options
  • Critical Illness Rider
  • Tax Savings
  • Long term Coverage

Ref. No. KLI/22-23/E-BB/492


Browse our library of resources

- A Consumer Education Initiative series by Kotak Life

Similar Articles

5 Common Life Insurance FAQs and Answers

Types of Life Insurance Or One Investment, Many Options

When are Millennials required to take out a life insurance policy?

Term Plan with Return of Premium (TROP)

6 Things You May Not Know about Life Insurance

Various Term Insurance Premium Payment Options Available in India

Does Life Insurance Cover Terminal Illness?

Life Insurance vs Mutual Funds

Why Buying a Term Insurance is Important for all Parents

How to Select a Perfect Life Insurance Policy in India to Protect Your Future?

Life Insurance and Millennials

What Is Staggered Payment Option Under Term Insurance Policy?

Most Common Life Insurance Riders to Enhance Your Existing Policy

Why do I Need Life Insurance?

जीवन बीमा पर ऋण

Important Factors to Consider While Choosing the Right Term Period for Your Term Insurance Plan

जीवन बीमा क्या है?

Is It Advisable To Have Multiple Life Insurance Policies?

How Does Life Insurance Work?

Comparing low premium term insurance Is Not the Only Factor While Buying Life Insurance

Term Insurance Vs Car Insurance: A Budgetary Choice You'll Regret

All about IRDAI

Life Insurance for Millennials

Term Life Insurance vs Accidental Death Insurance

Term Life Insurance Vs Money Back Life Insurance

How to Choose a Life Insurance Policy

Important Features of a Term Insurance Plan

Does Family History Affects your Term Life Insurance Rates?

Guide for Buying Online Term Insurance Plans for Senior Citizens

Is it Worth Buying Disability Rider on Term Insurance?

Life Insurance Beneficiary

What is an Endowment Plan?

Why One Must Buy Term Insurance before 25 Years

What is Group Insurance?

Difference Between Term Insurance and Endowment Plan

Sabse Pehle Life Insurance

Why You Should Never Cancel Life Insurance Policy

All about Life Insurance Calculators

A Step-by-Step Guide: How To Make An Investment Plan?

Life Insurance with Money Back vs Without Money Back

What is the Difference Between Limited and Regular Pay Insurance Plan?

What is Underinsurance & The Dangers of Being Underinsured

Do Life Insurance Premiums Increase Every Year?

What is the Current Trend in Term Insurance?

How Much Life Insurance Cover Do I Need?

How to Customize Your Life Insurance Policy with Riders

5 Things to Consider Before You Buy Life Insurance

Everything You Must Know About ULIP Riders

How Much Life Insurance Do You Need?

Nominee in insurance - A Complete Guide on nomination in insurance

Importance of Checking Claim Settlement Ratio before Buying Life Insurance

How To Use Different Types Of Life Insurance For Retirement Planning?

A Term Insurance Guide for Disabled People

Is Life Insurance an Investment?

Types of Life Insurance Policies in India

Digital Life Certificate for Pensioners Seeking Pension

What is a savings plan?

What Is a Whole Life Insurance Plan?

Is it Possible to Make Changes in a Term Plan’s Specification Post Purchase?

Top 5 Common Life Insurance Myths and Facts

Health Insurance VS Life Insurance

Can a Term Plan be the Substitute for a Retirement Plan?

What is Insurance Coverage? Overview, Types, and Examples

Does Life Insurance Pay for Suicidal Death?

What is Sum Assured in Endowment Policy?

Is it Possible to Reduce Life Insurance Premium without Affecting Sum Assured?

5 Benefits of Gifting Life Insurance Cover to Your Spouse

Life Insurance Plans for Women

Life Insurance Policy Closure

How to Make Death Claims on Life Insurance?

Always keep your Nominee informed

Process of Filing A Claim For Life Insurance

5 Reasons Why a Women Should Buy a Life Insurance

How Often You Must Review Your Life Insurance Policy?

Why Do Life Insurance Agents Avoid Selling Term Plans?

What is a Single Premium Term Plan and its Tax Benefit?

How To Choose The Right Life Insurance

Why Your Family Should Know About Your Life Insurance Policy?

Different Types of Insurance Policies in India

How Do Term Insurance Plans Differ for Smokers?

Take 100% Responsibility of Your Family with Term Life Insurance

What are the Benefits of Endowment Policy?

Life Insurance Vs. Mutual Funds Investment

All About Life Insurance and How It Works?

Important Terminologies of Life Insurance

What is Human Life value and a Human Life Value Calculator?

Loan Against Life Insurance Policy

Why Online Term Insurance Plans Cheap?

How Many Insurances Should I Have?

Benefits of Buying Term Insurance Plan for Senior Citizens in India

Kotak Life Claim Settlement Ratio

In India, should NRIs purchase life insurance?

All about Your Rights and Duties While Buying Life Insurance Policy

When Should You Review Term Life Insurance of Yours?

Why is Medical Test Important While Buying a Term Insurance?

1 CR Term Insurance Plan: How to Pick the Best 1 CR Term Plan

What Is the Procedure to choose a nomination in life insurance policy?

How to Buy a Life Insurance Plan?

Insurance Changes You Need to Make Post Marriage

How to Buy a Term Life Insurance Online

Can NRI Buy Life Insurance in India?

Best Insurance Plans in India

Are Deaths Due To Coronavirus Covered by Kotak E-Term Plan?

How to Find the Best Term Insurance Plan in Seven Steps

Difference Between Money Back and Endowment Policy

How to Revive the Lapsed Life Insurance Policy?

How to Calculate Human Life Value(HLV)?

What Is Social Impact Investing and How Does It Benefit Society?

What is Life Insurance?

Term Insurance Tips for NRIs in India

What Should One Consider Buying: Term Insurance or Traditional Life Insurance

Insurance Vs Investment - A Guide to Your Financial Goals

6 Different Types of Insurance Policies

Choosing Between Short-Term & Long-Term Insurance Plans

5 Advantages of Life Insurance Going Digital

Choose the Nominee of a Term Life Insurance Plan Wisely

All About Backdating in Life Insurance

5 Things to Keep in Mind While Buying Life Insurance Policy

What Is The Life Insurance Penetration In India And How Does It Compare Globally?

Choosing a Life Insurance Beneficiary

How to Choose Life Insurance for All Ages?

How Much Life Insurance Costs and How Much Insurance Cover You Need?

Think About Life Insurance Sooner than Later

Why Term Insurance for Women is Important?

भारत में जीवन बीमा पॉलिसियों के प्रकार

Role of Life Insurance in Your Financial Portfolio

Why do most Indians choose the wrong way to buy life insurance?

Is It Time to Review Life Insurance Policy of Yours?

5 Reasons Why You Need Life Insurance in College

Life Insurance for Overweight Applicants

Details Required To Be Filled In A Life Insurance Form

Health Insurance VS Life Insurance

Important Life Insurance Terms You Must Know

“Life” Insurance or “Death” Insurance?

What Should One Expect During the Medical Evaluation for Life Insurance?

What Is Insurance Rider and It’s Benefits?

Why Life Insurance Is Always a Smart Decision

Can You Transfer Life Insurance Policies to Another Company in India?

Difference Between ULIP and Endowment Plan?

Types of Insurance You Must Invest in for Secure Future

Difference Between Insurance and Assurance?

Is Life Insurance For Millennials Really Needed?

What Happens If I Stop Paying My Life Insurance Premium?

Does Life Insurance Policy Cover Covid Death?

Different Kind of Deaths that are Not Covered in a Term Insurance Plan

Role of IRDAI in the Insurance Sector

Life Insurance for Overweight Applicants

5 Easy Steps to Buying A Policy

First Job? Here’s Some Tips on How to Manage Finances

Can An Individual Buy Multiple Term Insurance Plans?

Why Renewal of Term Insurance Plan is Important

Reasons Why Term Insurance Claims Get Rejected

7 Superficial Reasons People Avoid Buying Insurance Online

All You Need to Know About Life Insurance - Its Benefits, Features, and Types of Life Insurance

Term Insurance Vs Life insurance: Small Details, Big Differences

Staying Insured While Investing

Compare Different Life Insurance Products Offered By Kotak Life

How to Choose the Right Life Insurance Policy for Your Age?

Key Things to Review in Your Life Insurance Policy Document

What are robo-advisors in insurance?

Can You Apply For A Life Insurance After Getting Heart Attack? Here is Everything You Need To Know

Terms and Conditions of Term Insurance Plans

5 Ways to ensure faster settlement of claims

Why You Should Buy Term Insurance under the MWP Act (Married Women’s Property Act)?

Term Insurance for Home Loan: How Term Plan Helps in Paying Off Home Loan?

5 Smart Steps to keep in mind while buying term policies

Who Is A Nominee In A Life Insurance Plan?

9 Most Important Things You Must Learn About Paying Life Insurance Premium

10 Most Frequently Asked Questions - FAQs on Term Insurance

What Is Financial Planning?

Benefits of Term Insurance with Critical Illness Rider

Savings cum Protection Plans Secures Your Family from Unforeseen Events

What is Minimum Life Insurance Policy?

Unit-Linked Life Insurance (ULIPs) vs. Term Insurance

Do Your Financial Planning with Life Insurance!

Customer Awareness on Information Security

Beware of Phishing & Fraud Insurance Calls

Different Types Of Life Insurance In India

Is Voluntary Life Insurance the Same as Basic Life Insurance?

Biggest Life Insurance Myths

Term Insurance Claim Process

Voluntary Life Insurance Policy Vs Group Life Insurance

Adding A Child to Your Life Insurance Policy?

NRI Premium Payment Options

Guidelines for Linking Aadhar and PAN to Insurance Policies

What Is Surrender Value (Cash Surrender Value) in Insurance and how is it calculated?

क्या जीवन बीमा एक निवेश है?

What Is Investment Insurance?

FAQs on Life Insurance

ULIPs: Suitable for all