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.

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

Fortunately, there are now a few different ways in which Indians can earn lifetime income after retirement. Click here to know 6 such top income options for retired.

  • Nov 30, 2021


While there is no shortage of investment options in India, the ones that can offer a steady source of income throughout your life after retirement are few. This post is dedicated to 6 such lifetime income options.


As Indians now recognize the need to save and invest for the future, retirement planning is one of the most common life objectives. While the monthly salary would stop after retirement, one should look for ways to continue receiving a steady income in their post-retirement years.

Fortunately, there are now a few different ways in which Indians can earn lifetime income after retirement. Here are 6 such top income options-

1.) Pension Plans

One of the easiest ways to receive guaranteed income throughout your life after retirement is by purchasing a retirement pension plan. With these plans, policyholders will continue paying a fixed premium every year throughout their working life. The premium amount is invested in a fund chosen by the policyholder.

After retirement, the policy provider will then start paying regular pensions to the policyholder throughout their life. Some of the pension plans also come with life insurance cover and multiple rider options for enhanced security.

2.) EPF and VPF

Employee Provident Fund and Voluntary Provident Fund are also excellent options to generate steady income in the form of regular pension after retirement. Like private pension plans, salaried professionals continue investing a fixed sum from their salary to their PF account. The investment earns compounded interest every year.

In the case of EPF, even the employer has to contribute a matching amount to the employee’s EPF account. The investment can be fully or partially withdrawn on retirement.

3.) NPS

The NPS or National Pension Scheme is a voluntary retirement scheme backed by the Government of India. Managed by the Pension Fund Regulatory and Development Authority (PFRDA), it allows every Indian citizen between 18 to 65 years to contribute towards their retirement throughout their working years.

In NPS, 60% of the corpus is deposited into the bank account of the applicant once he/she is 60 years old. The remaining 40% is used for purchasing annuity products which then generates a steady retirement income.

4.) SWP in Mutual Fund

Most mutual fund schemes in India now also offer SWP or Systematic Withdrawal Plan. With this facility, an investor gets to choose an amount they’d like to withdraw from their mutual fund investment at fixed intervals.

One can continue investing in a mutual fund scheme of their choice throughout their working years and then use the SWP facility to receive regular income after retirement.

5.) Fixed Deposits

Even FDs are an excellent way to receive lifetime income after retirement. Most financial institutions now offer the option of monthly interest payments on FD accounts. After reaching retirement, one can open an FD account and use this facility to earn a regular income.

For instance, a retiree can invest Rs. 10 lakhs in an FD account that generates 6% p.a. In one year, this FD account will generate Rs. 60,000 as interest income. By using the monthly payout facility, the retiree can receive Rs. 5,000 per month.

6.) Stock Investments

While this is not the steadiest form of retirement income, it can definitely be part of the overall retirement portfolio. Many of the companies have a reputation for paying dividends to their investors. One can invest in the stocks of these companies during their working life to continue earning dividends even after retirement.

But note that the dividend payouts are not guaranteed, and stock investments come with a significant level of risk.

Living a Financially Stable Retirement Life

While the monthly salary will cease to exist after retirement, expenses will continue throughout life. Moreover, due to inflation, the cost of essential goods and services will only rise significantly in the future. This is one of the primary reasons why one should start planning their retirement from an early age.

If earning regular income throughout your life after retirement is what you are looking for, these six options are definitely worth considering.

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

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

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

What are the Instruments Available for Building a Retirement Corpus?

How To Choose The Right Pension Plan?

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

What is a Defined Benefit Plan and How it Works?

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

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

Top Investment Options for Retirement Planning

The Significance of Number 8,000 in Retirement Planning

Retirement Planning at 50? You Are Still Good to Go

Why ULIP Should Be a Part of Your Investment Portfolio?

What is a Retirement Plan - What are its Features?

Un-Retirement - Are You Ready For It?

Can I Surrender My ULIP Policy after 2 Years?

Why Should You Invest in NPS?

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

Which Pension Plan Suits You best?

Save Early to Keep Living Your Dreams Post Retirement

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

What are the Benefits of ULIP - Explained

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

At What Age Should You Start Your Retirement Planning?

Understanding Annuity Plans

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

Which Is Better: ULIP or SIP?

Give Your Retirement Savings A Booster-Shot with Annuities

Important Questions To Ask Yourself Before Choosing A Good Retirement Plan

What are the Rules for Exit From NPS?

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

Benefits of Early Retirement Planning in India

Top 4 Myths About ULIP Investments You Should Know

यूलिप और उनके प्रकार क्या हैं?

Pros and Cons of Retirement Annuities

What are the things to consider before buying ULIPs?

Calculating a Retirement Corpus that can Support Your Lifestyle

How Can I Achieve My Wealth Goal with ULIP Investment?

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

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

7 Secrets that can Make Your Post-Retirement Phase Prosperous

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

What is Fund Value in ULIP?

Importance of Retirement Planning

ULIP Plan or Traditional Insurance Plans - Which is better?

How should one decide on fund allocation within NPS?

How has ULIP Grown Over the Last 3 years?

5 Reasons to Buy ULIP for a Secured Financial Future

A Beginner's Guide to Understanding 401k Retirement Plan

What Happens to ULIP Premiums Paid if the Market Crashes?

Is ULIP A Good Investment Option?

What are ULIPs and their Types?

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

Benefits of Early Retirement Plans

Are Annuities Great For Early Retirement?

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

5 Common ULIP Myths That You Should Stop Believing

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

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

FAQs on Taxation of ULIPs

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

Invest for your second innings with a guaranteed savings plan

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

Retirement Planning for Millennials

What is the Minimum Lock-in Period for ULIP?

Benefits Of Retirement & How Investments Can Help You Enjoy Them

How Does NPS Work?

How Safe is it to Invest in ULIP plans?

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

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

Retirement planning with a systematic life insurance plan

Retirement: A New Start to Life!

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

Types of Pension Plans for Your Retirement

Different Types of ULIP Investments in India

What are the Charges Levied on ULIP?

Why You Should Invest In An Annuity Plan?

5 Notable Investment Options for Retirees

Is ULIP a Good Option for People Above 60?

Retirement Planning: Use our Retirement Calculator to Plan Ahead

Different Types of Retirement Schemes

Do ULIPs Give Good Returns On Investments?

EPF Grievance Management: All You Need to Know

NPS for Housewife

Terminologies You Should Understand About Retirement Plans

What Are Mortality Charges In ULIP?

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

5 Steps to Gift a Smart Retirement Plan to Your Parents

Advantages of Pension Schemes and Retirement Plans

Can NRIs Invest in ULIP Plans Offered in India?

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

Do Pension Plans Allow any Death Benefits?

Inflation: A Key Factor to Consider into Retirement Planning

Is It Worth Buying ULIP Plans For 10 Years?

Top 6 Flexible Benefits That ULIPs Offer

Tips to invest your voluntary retirement scheme money

Importance of financial Planning for Retirement

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

How Does Pension Plans in India Works?

Is ULIP Better Than FD?

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

What are the Uses of ULIP?

How Does ULIP Work in India?

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

Types of Retirement Plans

ELSS vs ULIP: Which is a Better Investment?

यूलिप में 8 शुल्क जो आपको अवश्य जानना चाहिए

What Are Retirement Pension Plans?

Long Term Investment Guide for Your Retirement

What tax benefits are there on saving for retirement?

Top 6 Reasons Why You Should Get A Pension Plan

Meaning of Sum Assured in a ULIP

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

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

What is the difference between Life Insurance and ULIP?

What is Partial Withdrawal in ULIPs?

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

Demystifying the Retirement Planning Process

How To Keep Your Retirement Accounts from Being Hacked?

Retirement Planning Guide for Working Men and Women

Top 4 Mistakes To Avoid While Planning For Your Retirement

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

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

What Are Superannuation Benefits?

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

How to Win at Retirement Savings?

How Much Corpus Does One Need for Retirement?

A Quick Guide to Retirement Plans

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

How can NPS help you save tax?

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

Best Insurance Plans for a Guaranteed Monthly Income After Retirement!

How To Make Most of Your Money After Retirement?

How Do Annuity Options Work In NPS

Know Why You Should Stay Invested in Your ULIP Plan

Is ULIP a Complex Financial Product?

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

Saving for approaching retirement with retirement insurance

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

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

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

What are the Differences Between ELSS ULIP and Mutual Funds?

What is Lock-In Period in ULIPs?

Ten Signs That You're Ready to Retire

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

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

How Has NPS Performed in Comparison with Other Instruments?

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