Retirement Planning With Investment Plans In Systematic Manner
Close
Close

Buy a life insurance plan in a few clicks

Now you can buy life insurance plans completely online right here.

  • Icon for Kotak Preferred e-Term Plan

    Kotak e-Term Plan

    Kotak e-Term Plan is a pure term plan that provides a high level of protection to your loved ones in your absence.

  • Icon for Kotak Preferred e-Term Plan

    Kotak Health Shield

    The Kotak Health Shield Plan helps secure your finances in times of sudden medical expenses related to illness such as Cardiac, Liver, Neuro and Cancer (all early and major stages of illness /conditions of Cancer); along with offering protection for Personal Accident - in case of accidental death or disability.

  • Kotak E-Invest Plan

    Kotak e-Invest is a comprehensive Unit Linked Life Insurance Plan that can be customized as per your goals and needs - be it protection; investment; financial security for child or retirement planning.

  • Icon for Kotak Preferred e-Term Plan

    Kotak Lifetime Income Plan

    Kotak Lifetime Income Plan gives you the assurance of your income continuing throughout your life and in your absence throughout the lifetime of your spouse!

Close

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.

Back

Retirement planning with a systematic life insurance plan

View Plans
Retirement planning with a systematic life insurance plan

How to plan for a happy and fulfilling second innings

After many decades of working hard towards our goals, retirement brings in a relaxed phase of our life. It is a phase where we plan to fulfil our dreams, for which we were too preoccupied in our younger days. We save a few dreams for these times and look forward to fulfilling them with enthusiasm. Here’s how you can plan for this phase in a systematic manner:

1. Plan on time

You can ensure a dream-come-true retirement life by planning for it quite early in your life. The right time to plan for retirement is when you are still earning. Start saving and investing for retirement as early as possible and let the amount grow with compound interest.

2. Determine the standard well

Your standard of living during your retired life should be ascertained by the income you earn today. From personal and financial perspective, a comfortable retirement takes sensible planning and years of persistence.

Keep vital aspects in mind

Your plan for your retired life should be chalked-out keeping in mind the rising prices of vital aspects like day to day supplies, medical expenses and beyond. This also includes various financial instruments where you put your money today - like health insurance, travel insurance, yearly holidays, shopping etc. This means you’ll need to examine your budget. A bonus you receive can be well stacked. Dedicate at least half of the new money to your retirement plan.

Choose an appropriate plan

There are many retirement plans available in the market. You have to compare these plans and select plans for investing your funds. A good old sayings - don’t put all your eggs, is rightly applied when you plan your retirement. You have to choose a systematic life insurance and retirement investment plan to secure your retired life A divided fund will lower your risk and increase your return.

A well-planned retirement enables you to fulfil your desires and enjoy the goodness that life has to offer rather than be ridden with financial worries. Kotak Life Insurance brings you systematic retirement plans which help you systematically save for your retirement and enable you to live a fulfilling second innings. A life you can truly look forward to!

- A Consumer Education Initiative series by Kotak Life

Tags

Also read

    • 27th Aug 2021
    • 157

    What tax benefits are there on saving for retirement?

    It's crucial to plan your financial security through investment. Take a look at different tax benefits you can get while investing in retirement plan....

    Read more
    • 30th Nov 2021
    • 86

    Un-Retirement - Are You Ready For It?

    With rising inflation & an increase in the cost of living, un-retirement can be an excellent idea to beat the retirement blues & keep yourself physica...

    Read more
    • 30th Nov 2021
    • 74

    Do Pension Plans Allow any Death Benefits?

    When you die your spouse, civil partner or beneficiaries may be able to access your pension. Click here to find out more.

    Read more

Related Plans

  • Kotak e-Term Plan (Term Life Insurance)

    Kotak e-Term Plan (Term Life Insurance)

    Kotak e-Term Plan is a pure term insurance plan that provides a holistic life protection at affordable prices. Find out the eligibility criteria, key ...

    Know more
  • Kotak Premier Pension Plan

    Kotak Premier Pension Plan

    Kotak Premier Pension Plan helps you accumulate enough wealth for your retirement, while you are earning sufficiently and also offers assured benefits...

    Know more