Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak e-Term

Protect Your family’s financial future with Kotak e-Term. 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 Lifetime Income Plan

Retirement years are the golden years of life. Know more


Get a Call

Enter your contact details below and we will get in touch with you at the earliest.

  • Select your Query

Thank you

Our representative will get in touch with you at the earliest.

5 Notable Investment Options for Retirees

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

  • Nov 30, 2021


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.


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.

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

Kotak e-Invest

Download Brochure


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

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


- A Consumer Education Initiative series by Kotak Life

Similar Articles

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

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

What are the Differences Between ELSS ULIP and Mutual Funds?

What Are Mortality Charges In ULIP?

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

Advantages of Pension Schemes and Retirement Plans

How Do Annuity Options Work In NPS

What are the Charges Levied on ULIP?

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

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

Pros and Cons of Retirement Annuities

How to Win at Retirement Savings?

Understanding Annuity Plans

What is a Defined Benefit Plan and How it Works?

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

Is ULIP a Good Option for People Above 60?

Inflation: A Key Factor to Consider into Retirement Planning

Retirement Planning: Use our Retirement Calculator to Plan Ahead

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

FAQs on Taxation of ULIPs

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

What are the Rules for Exit From NPS?

Top 4 Mistakes To Avoid While Planning For Your Retirement

Importance of financial Planning for Retirement

Do Pension Plans Allow any Death Benefits?

How Has NPS Performed in Comparison with Other Instruments?

Top 6 Reasons Why You Should Get A Pension Plan

What is the Minimum Lock-in Period for ULIP?

What Happens to ULIP Premiums Paid if the Market Crashes?

Ten Signs That You're Ready to Retire

Different Types of Retirement Schemes

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

Tips to invest your voluntary retirement scheme money

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

How to Maximize Your Retirement Savings with a Pension Scheme in India

Know Why You Should Stay Invested in Your ULIP Plan

Benefits of Early Retirement Plans

How has ULIP Grown Over the Last 3 years?

A Beginner's Guide to Understanding 401k Retirement Plan

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

Which Is Better: ULIP or SIP?

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

What are the things to consider before buying ULIPs?

Why ULIP Should Be a Part of Your Investment Portfolio?

What is Partial Withdrawal in ULIPs?

How should one decide on fund allocation within NPS?

Types of Retirement Plans

Retirement planning with a systematic life insurance plan

Retirement: A New Start to Life!

What are Fixed Maturity Plans and Why Should I Invest in Them?

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

ELSS vs ULIP: Which is a Better Investment?

Can NRIs Invest in ULIP Plans Offered in India?

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

Long Term Investment Guide for Your Retirement

Which Pension Plan Suits You best?

5 Reasons to Buy ULIP for a Secured Financial Future

यूलिप में 8 शुल्क जो आपको अवश्य जानना चाहिए

What is Lock-In Period in ULIPs?

What is the difference between Life Insurance and ULIP?

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

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

Benefits of Early Retirement Planning in India

How Much Corpus Does One Need for Retirement?

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

Different Types of ULIP Investments in India

Benefits Of Retirement & How Investments Can Help You Enjoy Them

Calculating a Retirement Corpus that can Support Your Lifestyle

NPS for Housewife

Best Insurance Plans for a Guaranteed Monthly Income After Retirement!

What are the Benefits of ULIP - Explained

What Are Retirement Pension Plans?

At What Age Should You Start Your Retirement Planning?

Are Annuities Great For Early Retirement?

How To Keep Your Retirement Accounts from Being Hacked?

What Are Superannuation Benefits?

How To Make Most of Your Money After Retirement?

Retirement Planning at 50? You Are Still Good to Go

5 Steps to Gift a Smart Retirement Plan to Your Parents

Is ULIP Better Than FD?

A Quick Guide to Retirement Plans

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

How can NPS help you save tax?

Types of Pension Plans for Your Retirement

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

Top 4 Myths About ULIP Investments You Should Know

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

Save Early to Keep Living Your Dreams Post Retirement

Retirement Planning Guide for Working Men and Women

How Safe is it to Invest in ULIP plans?

How Can I Achieve My Wealth Goal with ULIP Investment?

What are ULIPs and their Types?

What are the Uses of ULIP?

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

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

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

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

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

Is ULIP A Good Investment Option?

Give Your Retirement Savings A Booster-Shot with Annuities

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

Why You Should Invest In An Annuity Plan?

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

How Does Pension Plans in India Works?

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

7 Secrets that can Make Your Post-Retirement Phase Prosperous

How Does NPS Work?

What are the Instruments Available for Building a Retirement Corpus?

Importance of Retirement Planning

Top Investment Options for Retirement Planning

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

Invest for your second innings with a guaranteed savings plan

Important Questions To Ask Yourself Before Choosing A Good Retirement Plan

How To Choose The Right Pension Plan?

The Significance of Number 8,000 in Retirement Planning

Do ULIPs Give Good Returns On Investments?

Top 6 Flexible Benefits That ULIPs Offer

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

Un-Retirement - Are You Ready For It?

EPF Grievance Management: All You Need to Know

Retirement Planning for Millennials

Demystifying the Retirement Planning Process

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

Is ULIP a Complex Financial Product?

How Does ULIP Work in India?

What tax benefits are there on saving for retirement?

Meaning of Sum Assured in a ULIP

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

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

Is It Worth Buying ULIP Plans For 10 Years?

ULIP Plan or Traditional Insurance Plans - Which is better?

Why Should You Invest in NPS?

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

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

Terminologies You Should Understand About Retirement Plans

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

Can I Surrender My ULIP Policy after 2 Years?

5 Common ULIP Myths That You Should Stop Believing

What is a Retirement Plan - What are its Features?

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

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

यूलिप और उनके प्रकार क्या हैं?

What is Fund Value in ULIP?

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

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

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