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Popular Pension Plans in India 2021

Updated On Aug 24, 2021

Retirement arranging is turning out to be progressively fundamental with the expanding vulnerability of life. 2021 has been the same and surprisingly more cruel on the salaried gatherings, while many needed to give up positions mid way, many needed to resign a long time before the specified time, in this manner you should begin retirement arranging from an early age. The essential objective of retirement arranging is to ensure that your central prerequisites are met regardless of whether your pay source is at this point not accessible. 

The kind of everyday routine you will experience after retirement will be controlled by how early you set up your retirement. Picking the best arrangement for your prerequisites and monetary targets might be intense , however a vital choice will bring about a superior life after retirement. Pick the best intended to fulfill your monetary needs in advanced age. With the plenty of retirement plans accessible on the lookout, you simply need to pick the best for you. 

Popular Pension Plans in India 2021

Here is a rundown of the popular Retirement Plans to put into, in 2021, see and discover which one suits you the best: 

  • LIC Jeevan Akshay 6 Pension Plan 

The LIC Jeevan Akshay 6 Pension Plan is right now the most bought retirement plan. It is known to give a lifetime annuity after retirement anyway there is no development advantage as such except for the way that it is giving you monetary steadiness for the duration of your life makes it truly outstanding. 

  • Jeevan Nidhi Pension Plan of the LIC 

The Jeevan Nidhi Pension Plan of the LIC is a conceded annuity plan. Under this arrangement both normal pay after retirement just as life cover is accessible at wanted premium rates. It likewise gives extraordinary tax cuts. 

  • SBI Life Saral Pension Plan 

The SBI Life Saral Pension Plan is your conventional annuity plan where you pay standard premium arrangement and consequently it furnishes you with life cover and numerous sorts of rewards as often as possible, it additionally gives development benefits. 

  • Reliance – Smart Pension Plan 

The Reliance Smart Pension Plan is a unit connected and semi annuity plan which assists you with building a corpus for your post retirement days. Interests in the units likewise subject the corpus to a piece of the pie to expand your abundance. 

Also read: National Pension Scheme - Features, Benefits, Details, etc.    

  • HDFC Life – Click to Retire 

The HDFC-Click to Retire is known for saving a ton on charges, it assists you with getting an exclusion of around 1.5 lacs each monetary year as per the Income Tax Acts. Aside from that, it gives you customary compensation in the wake of resigning, for a lifetime. 

  • Bajaj Allianz – Pension Guarantee 

Bajaj Allianz-Pension Guarantee is an incredible method to keep your benefits guaranteed over the span of the years and it allows you to appreciate life after retirement. It gets set income at the pace of installment of the chosen lease. Installment for Annuity might happen each month, quarterly, a half year or yearly. 

  • Max Life Guaranteed Lifetime Income Plan 

Max Life Guaranteed Lifetime Income Plan accompanies a lifetime annuity reserve which takes into account the person's various necessities. It accompanies different annuity choices and alongside payout adaptability it gives tax cuts too. 

  • Birla Sun Life Empower Pension 

The Birla Sun Life Empower Pension is a semi unit-related annuity plan with an expansive assortment of benefits. The plan helps the individual put something aside for his retirement for a protected future. The Birla Sun Life Insurance plan offers an assortment of venture decisions that might be picked by the individual and gives a decent corpus sum after retirement. 


There are a few such decisions for the Pension Plan in 2021. You can choose an arrangement that addresses your issues for a feasible future and suits your financial plan. These Retirement Funds help you in accomplishing monetary steadiness with the goal that you can spend your brilliant long periods of post-retirement openly and live lightheartedly.

Read more: 

Pension Plan Options You Need to Know in 2021

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

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