What is Pension Plan ?

What is Pension plan?
Pension plans are offered by insurance companies to help individuals build a retirement corpus. While we are doing jobs or are engaged in business, we are assured of a monthly income to take care of our daily expenses and other requirements. Once we retire, this monthly income is no longer available.In order to make sure, that no financial difficulties are faced during that time one should start well in advance keeping some money aside for their future.Pension plans offer one such way out. By investing in Pension plans, one not only secures their old age but is also able to get tax benefits under section 80C. At policybazaar we bring to the best deals and options for pension plans. Based on your requirement and choice you can choose any of the plan most suited to your needs.
Importance of pension plan:
  • Peace of mind
  • Financial independence and confidence
  • Can help you take up postponed tasks– going for a long tour, starting own consultancy, etc
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