When you are working, you will have a guaranteed source of income. But, the same won’t be happening post-retirement. Having a stable income source offers you the opportunity to invest in a retirement plan. Buying the best retirement plan makes your life financially secure and carefree.
Start saving in your 20’s or when you start earning paychecks. For instance, start saving at the age of 25, put 3 lakhs per year for 15 years, and then stop saving for certain reasons. By the end, you would reach 55+. You would have enough money to enjoy an untroubled retirement with loyalty additions. Furthermore, it allows you to withdraw money without breaking the existing plans in need.
Knowing why retirement planning is important in India, buy the best retirement plans from the Canara HSBC Oriental Bank of Commerce Life Insurance and save yourself from the financial crisis during your retirement. Pay the premium for a limited time and enjoy its benefits throughout the policy tenure.