5 Notable Investment Options for Retirees
Close
Close

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

5 Notable Investment Options for Retirees

5 Notable Investment Options for Retirees
  • 30th Nov 2021 |
  • 607

Summary:

Proper financial planning is vital for a happy and carefree retired life. Read on for a few investment options that can help create the desired corpus for the future.

Content:

Want to lead a comfortable life without any financial constraints once the 9to5 is over and done? To ensure a happy, healthy, and wealthy retirement, you need to start financial planning in your heydays. It is extremely crucial to figure out ways to ensure a regular income stream when it’s time to hang up your boots for good. The key is to make wise investment choices that have the potential to offer long-term financial stability.

Read on for 5 notable investment options that you can consider in your retirement portfolio.

Purchase Annuities

Annuities are insurance contracts that can provide a guaranteed income for life through a lump sum investment or premiums paid pay over time. Apart from generating a constant cash flow, these plans are safe from market-linked volatility and offer tax exemptions as well as death benefits. There are two types of plans (Immediate Annuity and Deferred Annuity). An immediate annuity starts making payments within one month of the investment. In the deferred plan, the amount is accumulated, and the pay-outs take place at a later date chosen by the investor. You can pick a scheme that meets your specific needs.

National Pension System (NPS):

,p>This government-regulated scheme is a great investment option for retirement. The big plus of NPS is that you can invest anything from Rs 500 per month to Rs 1.5 lakh per year. And yes, the pension scheme provides tax benefits over and above Rs. 1.5 lakhs. Also, the subscriber can withdraw a partial amount of the corpus on retirement while the remaining sum gets paid out as regular monthly income.

Bank Fixed Deposits:

Fixed deposits are a fairly popular choice among retirees. Not surprising as the deposits are safe, secure and offer greater flexibility in terms of tenure. Seniors can spread their funds across different maturities. This not only provides them liquidity but also takes care of the re-investment risk. The interest rates for FDs have been dipping over the years, but senior citizens get an extra 0.25 – 0.5 per cent per annum, depending from bank to bank.

Mutual Funds

Mutual funds are another great investment option to fall back on your retired life. They have the potential to create an impressive corpus via the power of compounding in the long run. You can invest equity, debt or balanced funds, depending on your risk profile. Also, some allocation via Systematic Investment Planning (SIP) is a good idea, especially for those who do not know the financial markets. The SIP route assures good returns and averts any possible losses due to market fluctuations.

Senior Citizens Savings Scheme (SCSS):

SCSS is a must-have in a retirees’ portfolio as it is robust, safe, with long-term savings prospects. The investment scheme is open for anyone 60 years. It offers an interest rate of 7.4 per cent, compounded quarterly. SCSS has a starting tenure of 5 years which can be extended by 3 more once it matures. You can deposit anything between Rs. 1,000 to Rs. 15,00,000. It must be noted that interest earned under SCSS is subject to taxation under Section 80C.

Invest Today to Enjoy Your Retirement Tomorrow

So, what are you waiting for? Get cracking and start investing in the right products right away. Taking action now will help build a financially strong foundation for your upcoming retirement.

Kotak e-Invest

In this policy, the investment risk in the investment portfolio is borne by the policyholder.

Download Brochure

Features

  • Return of Mortality Charges*$
  • Enhanced Protection
  • Multiple Plan Options
  • Zero Premium Allocation Charges
  • Tax Savings^

Ref. No. KLI/22-23/E-BB/521

T&C

Browse our library of resources

- A Consumer Education Initiative series by Kotak Life

Similar Articles

5 Retirement Planning Tips for a Financially Controlled Post-Employment Life

Does Having Both ULIP Plan and Other Health Insurance Plan Make Sense?

What Happens to ULIP Premiums Paid if the Market Crashes?

How Do Annuity Options Work In NPS

ULIP Plan or Traditional Insurance Plans - Which is better?

How To Keep Your Retirement Accounts from Being Hacked?

Is It Worth Buying ULIP Plans For 10 Years?

How can NPS help you save tax?

10 Steps to Figure Out How Much Money You Will Need For Your Post Retirement Plans

Here's Why it's a Good Time to Explore ULIPs as an Investment

ULIP Tax Benefits: यहां निवेश करने पर मिलते हैं 5 बड़े फायदे

How to Build a Tax-Free Pension Income for Retirement?

Who Gets the Benefit After the Maturity of ULIP: The Proposer or The Life Insured?

ULIPs or Pension Plans – Which is a Better Retirement Plan?

ELSS vs ULIP: Which is a Better Investment?

What To Do With Your Retirement Accounts During An Employment Lapse?

Invest for your second innings with a guaranteed savings plan

Understanding Annuity Plans

Difference Between Unit-Linked Insurance Plans and Non-Linked Plans

Getting Close to Retirement? Six Key Retirement Planning Tips That Can Help You Retire

How to Win at Retirement Savings?

Top 4 Myths About ULIP Investments You Should Know

What is the Difference Between EPF, VPF, and PPF? What are Their Tax Benefits?

At What Age Should You Start Your Retirement Planning?

Why Should Retirement Planning Be on Top of Your Priority List?

Is it Suggestible to Take a ULIP Plan Linked with a Term Plan?

What are ULIPs and their Types?

Is ULIP a Complex Financial Product?

Inflation: A Key Factor to Consider into Retirement Planning

Importance of Retirement Planning

5 Steps to Gift a Smart Retirement Plan to Your Parents

Types of Annuity Plan | Annuity Definition - Meaning & Key Benefits

Pros and Cons of Retirement Annuities

Know Why You Should Stay Invested in Your ULIP Plan

What are the Charges Levied on ULIP?

Why Should You start Retirement Planning as soon as you start a job?

What is Premium Redirection in ULIPs Plans | ULIP Insurance Plans | Kotak Life Insurance

Benefits Of Retirement & How Investments Can Help You Enjoy Them

What are the Uses of ULIP?

Types of Pension Plans for Your Retirement

Is ULIP a Good Option for People Above 60?

Do Pension Plans Allow any Death Benefits?

Long Term Investment Guide for Your Retirement

Why Should I Invest in ULIP?

How To Make Most of Your Money After Retirement?

Is it possible to live a financially independent life, even after you retire?

What are the Chances of Losing all my Money in ULIP and How Much Return Should I Expect?

Saving for approaching retirement with retirement insurance

Calculating a Retirement Corpus that can Support Your Lifestyle

How Has NPS Performed in Comparison with Other Instruments?

A Quick Guide to Retirement Plans

Are Annuities Great For Early Retirement?

5 Reasons to Buy ULIP for a Secured Financial Future

Is it Advisable to Withdraw the ULIP Insurance Policy After 5 Years?

What tax benefits are there on saving for retirement?

How To Choose The Right Pension Plan?

Retirement: A New Start to Life!

Which Pension Plan Suits You best?

5 Common ULIP Myths That You Should Stop Believing

How Quickly is Fund Switch Effected in ULIPs? Is it Done the Same Day or After a Particular Number of Days?

Is the ULIP Policy Surrender Value Taxable?

What Are Superannuation Benefits?

Annuity Plan | How to Choose the Right Annuity Plan | Kotak Life

7 Secrets that can Make Your Post-Retirement Phase Prosperous

Benefits of Early Retirement Planning in India

How to Choose the Best ULIP Plans to Invest in 2022?

What is Lock-In Period in ULIPs?

Is ULIP Better Than FD?

Save Early to Keep Living Your Dreams Post Retirement

Which are the Best ULIP Plans in India for Children?

The Significance of Number 8,000 in Retirement Planning

Single Premium ULIP or a PPF - Which One is Better?

What is Fund Value in ULIP?

यूलिप के फायदे (Benefits of ULIP in Hindi)

Which Is Better: ULIP or SIP?

Important Questions To Ask Yourself Before Choosing A Good Retirement Plan

How has ULIP Grown Over the Last 3 years?

Top Investment Options for Retirement Planning

What is NAV in ULIP, and How is it calculated?

What is ULIP and Its Benefits?

Can I Surrender My ULIP Policy after 2 Years?

What are the Rules for Exit From NPS?

10 Steps to Figure Out How Much Money You Will Need After You Retire

What is Partial Withdrawal in ULIPs?

Top 6 Reasons Why You Should Get A Pension Plan

What are the Advantages and Disadvantages of ULIP?

How Is ULIP Different from Other Life Insurance Plans? Where Can I Invest - ELSS, ULIP, or PPF?

5 Reasons Why ULIP Plans are One of The Best Retirement Planning Instruments

How Does ULIP Work in India?

How Safe is it to Invest in ULIP plans?

What are the things to consider before buying ULIPs?

What are the 4 Financial Phases of Retirement? How to Budget For Each One?

Is ULIP A Good Investment Option?

Can NRIs Invest in ULIP Plans Offered in India?

Importance of financial Planning for Retirement

How Does NPS Work?

Retirement Planning for Millennials

What is the Death Claim Payable in the Case of ULIP?

Why Should You Invest in NPS?

Why Are ULIPs Called Flexible Investments?

Different Types of ULIP Investments in India

6 Signs That You Are Not Financially Ready For An Early Retirement

Here's What Retirement Would Look Like 30 Years From Now

NPS for Housewife

How Can I Achieve My Wealth Goal with ULIP Investment?

What Are Retirement Pension Plans?

Worried About Running Out of Money in Retirement? 4 Tips to Avoid This Crisis

Meaning of Sum Assured in a ULIP

Best Insurance Plans for a Guaranteed Monthly Income After Retirement!

Retirement Planning - How To Calculate Your Retirement Premium in India?

What are the Maturity Benefits in a ULIP Plan: Fund Value Sum Assured or Only Fund Value?

Retirement and Pension Plans in India- What are Your Options?

What are the Differences Between ELSS ULIP and Mutual Funds?

What is the difference between Life Insurance and ULIP?

FAQs on Taxation of ULIPs

How Much Corpus Does One Need for Retirement?

Benefits of Early Retirement Plans

Give Your Retirement Savings A Booster-Shot with Annuities

Advantages of Pension Schemes and Retirement Plans

What is the Estimated Return Percentage on ULIP? Do Investors Get Compound Interest?

What Are Mortality Charges In ULIP?

Top 6 Flexible Benefits That ULIPs Offer

What Happens If I Stop Paying My ULIP Policy Premium After Paying the First Premium? Will I Still Get The Return?

Retirement Planning Guide: These 5 Steps Will Help You Towards a Safe, Secure and Fun Retirement

How Does Pension Plans in India Works?

Tips to invest your voluntary retirement scheme money

How should one decide on fund allocation within NPS?

Top 4 Mistakes To Avoid While Planning For Your Retirement

Why are ULIPs One of the Best Tax Saving Instruments?

What is an Annuity Plan, and How Does Annuity Plan Work?

What are the minimum and maximum investment in ULIP? Would the Whole Amount Insured in The ULIP Insurance be Invested in the Market?

Retirement Planning at 50? You Are Still Good to Go

Different Types of Retirement Schemes

What is a Retirement Plan - What are its Features?

8 Charges in ULIP That You Must Know

Un-Retirement - Are You Ready For It?

Do ULIPs Give Good Returns On Investments?

Are You Planning an Early Retirement? Here's Why Buying Annuity Plan Will Make Sense

Ten Signs That You're Ready to Retire

Why ULIP Should Be a Part of Your Investment Portfolio?

Terminologies You Should Understand About Retirement Plans

What are the Instruments Available for Building a Retirement Corpus?

Looking for Ways to Earn Lifetime Income in Retirement? Here Are 6 of the Top Options

What is the Minimum Lock-in Period for ULIP?

Retirement planning with a systematic life insurance plan

A Beginner's Guide to Understanding 401k Retirement Plan

ULIP: Can You Surrender ULIPs or Withdraw Money from It?

What are the Benefits of ULIP - Explained

How To Calculate The Present Value And Future Value Of Annuities?

यूलिप के 8 शुल्क

Demystifying the Retirement Planning Process

How Can ULIPs Help You Plan for Your Child's Future?

Why You Should Invest In An Annuity Plan?

Retirement Planning Guide for Working Men and Women

Types of Retirement Plans