Buy a Life Insurance Plan in a few clicks

Now you can buy life insurance plan online.

Kotak Guaranteed Fortune Builder

A plan that offers guaranteed income for your future goals. Know more

Kotak e-Term

Protect your family's financial future. 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 life cover. Know more

Kotak e-Invest

Insurance and Investment in one plan. 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.

3 Ways to Save Early to Keep Living Out Your Dreams Post Retirement

Start your investments and savings early in stocks, insurance, and pension plans for a cash-rich retirement to fulfil your dreams.

  • Oct 10, 2021

Over the years, the thought process of people in India regarding life, work and retirement has changed significantly. Working till the age of 60 no longer appeals to a large section of the working population, especially the millennials. People now aspire to retire early and follow their passion. Many people wish to retire in the 40s and the 50s to have enough time to do things they always wanted to do but could not due to work commitments and family responsibilities.

Whether you want to follow your passion, explore the world, start a business, or relax, there can be many reasons for the desire to choose early retirement. However, one common factor while pursuing your early retirement goal is proper planning and foresight.

All you need to do is preparing a checklist of some seemingly common yet vital points and ensure that you keep ticking them off.

Start Early and Stay Invested

Albert Einstein wasn’t exaggerating when he described compound interest as the “eighth wonder of the world”. Compounding can work wonders for your investments with the potential of giving spectacular returns that can beat inflation by a mile.

However, it would help if you stayed invested for a long duration and let compounding work its magic. The more time you give your investments to grow, the more will be the effect of compounding.

Let Your Money ‘Breathe’

Human beings grow and develop better when they get a lot of open spaces instead of cramped ones to breathe fresh air. The same can be true for money as well.

Do not restrict your investments to one or two options. You can choose from a wide array of investment vehicles depending upon your age, risk-taking capabilities, and retirement objectives.

You can distribute your investments among some popular plans to have a balanced portfolio.

Pension Plans

Pension plans are a great way to counter the financial uncertainties at the onset of retirement. You can buy a pension plan by paying a lumpsum amount and choose the option of a deferred annuity, where you will start getting a pension on attaining pre-defined retirement age.

In this way, you will gain dual benefits-

○ You will regularly get a pension amount irrespective of the market conditions.

○ Your living expenses will be unlikely to put a strain on your finances.


Unit linked Insurance Plans, or ULIPs, combine the benefit of mutual funds and insurance. A portion of the premium paid toward a ULIP is deposited toward an insurance fund, and the balance amount is invested into stocks, debts and other market-linked instruments.

The ULIP returns are exposed to market volatilities in the short term. However, they are known to provide better returns when invested long-term, ideally seven years or above.

Health Insurance

No retirement plan can be complete without adequate health insurance. You certainly would not like to use your retirement corpus for medical expenses or emergencies. A good health insurance plan with riders like hospitalisation and accident benefits can save you from financial hassles.

The general idea of retirement planning is to have financial stability once you retire. However, early retirement comes with many additional thoughts that may include a more considerable retirement corpus, a better contingency plan in the wake of financial uncertainties, and of course, fulfilling your ambitions.

Nothing is impossible, including early retirement, if you take charge of your finances early and start inching toward your retirement goal at an even pace.

Kotak Life Time Income Plan

Download Brochure


  • 6 Plan Options
  • Tax benefits ^
  • Higher annuity rates for higher purchase price
  • 4 Annuity Modes

Ref. No. KLI/23-24/E-BB/1052


- A Consumer Education Initiative series by Kotak Life

Similar Articles

What are the Instruments Available for Building a Retirement Corpus?

How Much Corpus Does One Need for Retirement?

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

Mastering the 30:30:30:10 Rule: A Guide to Effective Retirement Planning

Is an Annuity a Good Investment Option?

Types of Pension Plans and Their Tax Benefits

Terminologies You Should Understand About Retirement Plans

Here's are Advantages of Pension Schemes and Retirement Plans

How to Win at Retirement Savings?

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

Importance of financial Planning for Retirement

Meaning of Sum Assured in a ULIP

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

7 Best Guaranteed Income Plans 2023 in India Their Eligibility, Features & Benefits

Changing Jobs? Reinvest Your Retirement Funds

What are the Charges Levied on ULIP?

What Retirement Would Look Like 30 Years From Now

7 Secrets that can Make Your Post-Retirement Phase Prosperous

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

Benefits of Early Retirement Planning

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

How To Check EPF Claim Status- The Complete Process

Retirement: A New Start to Life!

How to Protect Your Retirement Account from Hackers

What is a Defined Benefit Plan and How it Works?

Know the Pros and Cons of Retirement Annuities

How to Register An EPF Grievance Online

What are the Benefits of ULIP - Explained

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

Why is it Good to Have a Retirement Plan Before Your Marriage?

How should one decide on fund allocation within NPS?

Embracing the FIRE Movement: Financial Independence and Early Retirement

Turbocharge Your Retirement Savings with Annuities: Unlock Greater Returns

How Does NPS Work?

Importance of Retirement Planning

Inflation: A Key Factor to Consider into Retirement Planning

Do Pension Plans Allow Any Death Benefits?

How To Choose The Right Pension Plan?

How Has NPS Performed in Comparison with Other Instruments?

Early Retirement Planning Tips

Mistakes You Must Avoid While Planning Retirement

Demystifying Retirement Financial Planning

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

Pension Funds In India – Meaning, Overview, How Do Pension Funds Work, Types, Pension Plan Features and Tax Benefits

Reasons you should Buy a Retirement & Pension Plan

5 Best Investment Options for Senior Citizens in India

Retirement Planning for Millennials

What Are Mortality Charges In ULIP?

6 investment options for the retired

Retiring soon? Here’s why buying annuity plans may make sense

How to Save for Retirement With Retirement Investment Plans?

How Do Annuity Options Work In NPS

Benefits of Early Retirement Planning in India

What Are Superannuation Benefits?

Right Age for Retirement Planning and How to Go About It

15 Passive Income Ideas for Seniors to Boost Retirement Income

Retirement planning with a systematic life insurance plan

Top Investment Options for Retirement Planning

Ten Signs That You're Ready to Retire

NPS for Housewife

Tips to invest your voluntary retirement scheme money

Understanding Annuity Plans

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

How Can NPS Help You Save Tax?

ELSS vs ULIP: Which is a Better Investment?

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

What tax benefits are there on saving for retirement?

Types of Retirement Plans

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

What Is A 401(k) Retirement Plan?: A Beginner's Guide

Top 3 Reasons Why You Should Start Retirement Planning Early

What is the Minimum Lock-in Period for ULIP?

What are the Differences Between ELSS ULIP and Mutual Funds?

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

What is a Retirement Plan - What are its Features?

Important Questions To Ask Yourself Before Choosing A Good Retirement Plan

How Does ULIP Work in India?

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

14 Tips to Ensure Successful Retirement Planning

Plan Your Retirement in India - Retirement Calculator

Which are the Best Investment Plans for Indian Senior Citizens in 2022?

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

Is ULIP Better Than FD?

Here's Benefits of Post Retirement Investment Options

4 Tips to Avoid Running Out of Money in Retirement

Benefits of Annuity Plan Investment

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

How to Calculate Your Retirement Corpus?

What Are Retirement Pension Plans?

Which Pension Plan Suits You best?

What are the Rules for Exit From NPS?

Retirement Planning at 50? You Are Still Good to Go

Different Types of Retirement Schemes

The Rise of ESG Investing in Retirement Planning

Here's Retirement Planning Guide for Working Men & Women

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

Types of Pension Plans for Your Retirement

The Significance of Number 8,000 in Retirement Planning

Managing Your Money After You Retire

A Quick Guide to Retirement Plans

Which Is Better: ULIP or SIP?

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

Long-Term Investing: Boost Retirement Income with an Income Booster

Guide to Long Term Investment

Gift Your Parents a Sound Retirement Plan

Turbocharge Your Retirement Savings with Annuities: Unlock Greater Returns

Retirement Planning: Use our Retirement Calculator to Plan Ahead