Why is retirement planning important?
A retirement plan is a guarantee that you will continue to earn a fulfilling income and enjoy a happy lifestyle, even when you are no longer operational. To understand why a rising number of individuals have already in progress planning for their retirement.
|Plan Name||Plan Type|
|ICICI Pru Life Time premier||Unit Linked|
|ICICI Pru LifeLink Wealth SP||Unit Linked|
|ICICI Pru Future Secure||Unit Linked|
|Home Assure||Unit Linked|
|ICICI Pru Elite Life||Unit Linked|
|ICICI Pru Immediate Annuity||Traditional|
How to plan for retirement?
5 simple steps to reach your destination at a perfect retirement plan
Step 1: Decide how much income you require to live happily in your post-retirement years. Remember to take into account aspects like better medical costs, vacations and gifts for family, but decrease costs like children’s education and rent, if you own your home. Use our easy price raises Index Calculator to calculate the impact of price rises.
Step 2: Determine how much you need to save frequently, starting nowadays. Use our Retirement Calculator to decide how large a kitty you will require and how much you need to save every year.
Step 3: choose the right retirement plan that enables you to meet your post-retirement requirements. If possible invest in market-linked plans, which can provide you with potentially superior returns in the long run. Our Life Stage Profiler will help you select the plan that meets your criteria
Step 4: Start saving now so you have time on your surface and can enjoy the power of compounding. Use our easy control of Compounding Calculator.
Step 5: Systematically invest a fixed amount each month for your post-retirement years.
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