There are several kinds of insurance plans existing in the market.
All aim to either secure the life or enhance the standard of the life of
the insured person in one or the other way. Plans such as retirement
and protection plans can prove to be beneficial to anyone looking to
secure his old age.
Retirement is a phase of life where everyone wants to be free and live life on his on his own terms. It is a phase meant to be enjoyed by everyone for the hard work that he has done all through his life. But this is not the case always. Most of the time, our plans get a bumpy ride due to the financial strain that starts getting build up during our old days.
There are several kinds of insurance plans aimed to secure your retirement, some of which are:
Retirement Plans: These plans give you a regular income during your non-working years. They assure you a monthly income that you want, apart from guaranteeing you a bonus every year till the end of the policy term.
There are also some variations in such plans where you are required to pay premium for 7 years only, which makes you eligible to get back the assured income that you select at the inception for 8 years. What’s more, you can also go for the benefits of income, even if you are no more there, for 15 years or till the end of the policy term.
Similarly, there are monthly income plans that guarantees you regular monthly income for you and your family when you are there or even when you are not there. You can also go for plans where you can pay for 15 years and get assured monthly income for 15 years. All these plans come with accrued bonuses at the end of the term. These plans aim to give you a financial security during your retirement years. They can also act as pension plan to you.
Protection Plans: These plans save your family from the burden of fulfilling loans, EMIs and other such liabilities that you might have incurred during your life.
Met Suraksha Plus: This term insurance plan takes care of your financial commitments after your death. It aims to fulfill your financial liability and save your family from it. This plan comes for a nominal cost. You can also go for the option of getting back all premiums paid at the maturity.
Article Source: Goodinfohome.com
Retirement is a phase of life where everyone wants to be free and live life on his on his own terms. It is a phase meant to be enjoyed by everyone for the hard work that he has done all through his life. But this is not the case always. Most of the time, our plans get a bumpy ride due to the financial strain that starts getting build up during our old days.
There are several kinds of insurance plans aimed to secure your retirement, some of which are:
Retirement Plans: These plans give you a regular income during your non-working years. They assure you a monthly income that you want, apart from guaranteeing you a bonus every year till the end of the policy term.
There are also some variations in such plans where you are required to pay premium for 7 years only, which makes you eligible to get back the assured income that you select at the inception for 8 years. What’s more, you can also go for the benefits of income, even if you are no more there, for 15 years or till the end of the policy term.
Similarly, there are monthly income plans that guarantees you regular monthly income for you and your family when you are there or even when you are not there. You can also go for plans where you can pay for 15 years and get assured monthly income for 15 years. All these plans come with accrued bonuses at the end of the term. These plans aim to give you a financial security during your retirement years. They can also act as pension plan to you.
Protection Plans: These plans save your family from the burden of fulfilling loans, EMIs and other such liabilities that you might have incurred during your life.
Met Suraksha Plus: This term insurance plan takes care of your financial commitments after your death. It aims to fulfill your financial liability and save your family from it. This plan comes for a nominal cost. You can also go for the option of getting back all premiums paid at the maturity.
Article Source: Goodinfohome.com
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