With increasing life expectancy rate, escalating healthcare cost and lack of government subsidies in India, it becomes crucial to have funds for your post-retirement life. Pension plans are a good tool to help you build a corpus of funds which offers you either a lump sum amount or a regular income to take care of financial needs during your golden years.

After retirement your income would have discontinued, but your expenses will still exits. In such a situation retirement/pension plans is a good source which helps you stay afloat and not get dependent on your children/family.