4 min read
Updated on Jul 13, 2022
Growing old is certainly something to celebrate each day. Growing old means you have taken good care of your health all these years and have a better experience of life. However, with old age, several diseases and health conditions also start developing. We do not feel the same energy as we feel in our younger years. This is why along with taking care of our health, having a health insurance plans is very important.
If you think that the organization you are working with has covered you with a health insurance policy in which your family is also included, you need to know that it will provide you coverage only for the years that you are associated with the company. Once you switch or retire, the health insurance policy will get deactivated. After that, you are just on your own. Therefore, you must get started with your retirement planning as soon as possible.
There are several types of insurance seekers in India, and so are the types of retirement plans. Based on the structure and benefits, these plans come with several classifications. These types of plans are mentioned herein below:
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It is an immediate annuity plan that you can buy by paying a single premium, which is basically a lump sum amount. As soon as you buy the plan, it will get activated. The features and the benefits of the plan are mentioned herein below:
It is a traditional, participating, individual, and non-linked pension plan that protects the policyholders from market volatility. The features and benefits of the plan are discussed herein below:
You can check out some more health insurance plans online. However, you must ensure to consider the above-mentioned points while buying a particular policy.
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New year is just around the corner. Exciting times ahead but also the time to learn from the year bygone and buckle up for the.
Insurance is one of the significant as well as critical aspects that everyone should know and understand. If you are unsure about the various types.
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