Aditya Birla Sun Life Insurance Company Limited
Plan Smarter, Live Better!
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Most investors who are just getting started with their journey know that retirement is one of the biggest life goals to save up for. But knowing what to save up for, and knowing how to do it are two very different things. If you are also having some trouble figuring out how to plan for your retirement, you'll be glad to know that there are several tried and tested financial strategies that you can use as a benchmark.
To understand what they are and how they can be beneficial, let us begin at the basics.
Retirement planning is the process of selecting the right financial strategies to save, invest and set up a reliable source of income or build a corpus that will sustain you throughout your retired life. It involves identifying your sources of income and your expenses, estimating your post-retirement financial needs and creating a financial plan to ensure security once you have retired.
Financial strategies form the backbone of a good retirement plan. So, if you are considering creating a plan for your
post-retirement life, it always helps to have a few reliable strategies guiding you.
Here is a closer look at the top 5 rules to help you plan for your retirement.
The third point, which pertains to your savings and investments, is what you will have to
focus on if you want to save up for your future. This rule does not specifically state that you have to invest
for your 'retirement,' per se.
You can use 30% of your monthly income for other life goals too. But it is always a good
idea to direct a portion of this 30% to your retirement fund.
These strategies are only benchmarks that can guide you if you have no idea about where to get started. However, you can always use a retirement planning calculator to figure out your own unique needs and create a personalized retirement plan for yourself and your family. These rules too are easily adaptable. You can take the basic framework and modify it to suit your requirements.
Mistakes to avoid while investing for retirement
The financial strategies outlined above can help you plan for your retirement early in life. However, it is also important to understand the common mistakes that people tend to make while investing for their retirement. This way, you can avoid the same pitfalls. To know more about these common retirement mistakes, you need to check out our blog.
Read it here
WANT TO SET UP A STEADY STREAM OF INCOME FOR YOUR POST-RETIREMENT LIFE?
The ABSLI Assured Income Plus can help you do just this. All you need to do is invest in the plan for a short period of time, and you can enjoy regular income benefits over the long term - for as long as 20, 25 or even 30 years.
In addition to this, you also get the benefit of a life cover. With these fully guaranteed1 returns on your investment, you can fulfill your life goals easily. Plus, there are loyalty additions that enhance the income benefit payouts!
Know More
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Give ₹1 lakh/ month for 5 years and Get ₹ 4.06 lakhs every year till your life1
Multiple annuity options, Regular income stream.
Guaranteed# lifelong income
Top-up option for annuity
Single/Joint Life cover option
Deferred annuity option
Give :
₹ 1 lakhs/Month for 5 year¹
Get :
₹4.06 lakhs/-
Guaranteed returns after a month¹
1 Annuitant -Health Male: Age 45 years invests in ABSLI Guaranteed Annuity Plus | Annuity Option: Deferred Life Annuity with Return of Premium | Premium payment term – Limited pay (5 years) | Purchase Price: Rs. 1,00,000/ month including modal loading for 5 years | Deferment period: 5 years Annuity Pay-out Frequency: Annual | Single life. Get Rs 4,06,340 /- (Exclusive of taxes) every year till annuitant is alive.
ABSLI Guaranteed Annuity Plus Plan is a Non-Linked, Non-Participating, General Annuity Plan (UIN: 109N132V15).
# Provided all due premiums are paid
ABSLI Assured Income Plus (UIN: 109N127V05) is a non-linked non-participating individual life insurance savings plan.
ADV/3/21-22/2423
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