Retirement Planning

Pension Plan

What is Retirement Planning?

Retirement planning is the process of securing one’s future well in advance. It involves estimating future needs and expenses and investing appropriately in the present to ensure that those future expenses and needs are well taken care of. It includes setting up retirement goals, securing various stable income flows, and creating a diversified portfolio of investments in various asset classes to ensure regular and stable returns.

Importance Of Retirement Planning:

Retirement planning is one of the most neglected part of prudent financial planning. Most of us these days are so occupied with our present conditions and fulfilling our responsibilities that we tend to forget to plan for our own future. Retirement Planning is of paramount importance as it provides us with the corpus that we will need to live a stable and sustainable life post our retirement. It is important to know that the later you start investing for retirement planning, the longer you will have to work. Therefore start investing early to retire early. Here are a few reasons why retirement is very important

We Offer The Following Types Of Retirement Plans:


Ashutosh Financial Services is your one-stop insurance service provider. Our sister concern Ashutosh Insurance Brokers LLP is a Certified Insurance Broker. After qualifying and satisfying various conditions like adequate physical & digital Infrastructure, a qualified team, clearance of requisite exams by Key Personnel, satisfactory capital & net worth requirements, etc. we have obtained the license of Life & General Insurance Broker from the Insurance & Regulatory Authority Of India (IRDA).

As an Insurance Broker, we no longer offer Insurance policies of a few selected companies instead, we now offer you the best Insurance Policies by comparing all the policies of all the companies. Our expert and qualified team will carefully select the best Insurance Policy for you after studying your requirements. We assure you that we will provide you with the best Insurance solutions at the most competitive premium rates.

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In our first meeting we would try to understand your purpose and objectives for setting up a retirement plan. We would also discuss your retirement goals and needs to ensure that we select the policies for your retirement plan accordingly. A proper understanding and aligning of your retirement goals would enable you to properly decide your required retirement corpus. We would also collect information about you to enable us to select the best general insurance policy for you.

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We at Ashutosh Financial Services take immense pride in being one of the very few companies in this field to have our own in-house Research & Analysis Department. After the preliminary meeting is concluded we forward our analysis to our Research Department who as Certified Insurance Brokers will compare all the available insurance policies of all the companies as per your retirement plan’s requirements and select the best retirement policy for you at the most competitive rate.

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Once the best policy is selected and approved by our top management we will approach you again with all the necessary documents (Forms, Policy Information & Benefits, etc). If you have any doubts we will solve them before we proceed to log in your policy for your retirement plan.

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Once the Investment Process has been completed you will be assigned a Dedicated Relationship Manager. The Relationship Manager will be available at all times to attend to all your needs. Moreover, we also help and guide you at all times in matters relating to claim settlement. Our qualified team has years of experience in settling claims with various insurance companies.


A pension plan is a smart retirement planning tool that enables you to maintain your standard of living post retirement. By investing in a retirement pension plan, the policyholder is entitled to receive monthly payouts in the form of a pension after his/her premium payment term is over.

The different types of pension plans are:
1. Deferred Annuity
2. Immediate Annuity

As your date of retirement is approaching, you need to arrange for guaranteed regular income for the rest of your life. Invest one lump sum amount in buying an annuity plan and start receiving regular income for the rest of your life. A Single Premium plan that gives you a guaranteed income throughout your retired life. On the death of the annuitant, the entire Purchase Price will be paid to the nominee or legal heirs as a death benefit.

A typical pension plan, also known as a retirement pension plan, has two phases – accumulation and annuity. During the accumulation phase of the pension plan, you pay the premiums for the plan’s tenure. During the annuity phase, your investment fetches returns and you start getting a pension.

Traditional Plans in India

In today’s day and age, maintaining financial stability has become quite difficult for most individuals. Understanding the requirement of financial stability in an individual’s life, the insurance companies have come up with guaranteed income plans. The guaranteed income plans are specifically designed to cater to the requirements of the risk-averse investors and offer them the benefit of life insurance along with maturity benefits and regular guaranteed payouts. The guaranteed income plan offers financial security by providing regular income at a pre-defined percentage (selected by insured and insurer) of Sum Assured. The USP of the plan is that one can receive the income yearly, half-yearly, quarterly, or monthly. This innovative insurance product is a traditional plan that comes with a bonus facility, where the insurance holders are not required to worry about the ups and downs of the market; rather they get to enjoy the maximized returns.


Guaranteed Income Plans are designed for salaried people who fall in the age bracket of 18-60 years and policy term for them extends from 10 years to 30 years.


• It is a variant of a life insurance plan that offers regular income for a specified term varying from 10-30 years.
• Offers vested reversionary bonus along with terminal bonus, if any, at the time of maturity.
• Provides death benefits as well as maturity benefits.
• Provides the benefit of tax exemption.
• Policy term varies from 10-30 years.

Benefits of Guaranteed Income Plans

Maturity Benefit

At the time of maturity, the life insured receives the simple reversionary bonus along with a terminal bonus, if any. In case, the payout period is approximately 15 years, then the insured is paid the regular amount which is pre-defined percentage of the sum assured.

Death benefit

In case of unfortunate event of death of the insured during premium paying term, the nominee of the policy receives the basic sum assured amount along with the reversionary bonuses and terminal bonus if any. And, the payouts are carried for the next 15 years or as mentioned in the policy. In case of demise of the insured after premium paying term or during the payout period, the nominee receives the sum assured amount along with the other benefits.

Income Tax Benefits

Tax deduction under Section 80(C) is available every year and tax exemption under Section 10(10D) is available on the maturity proceeds, subjected to the terms and conditions.

Our Key USPs are as under: