Eligibility for Retirement Plans in India

Let Us Help You Save Time & Money

We can compare your current insurance coverage against a variety of insurance companies to find out who offers the best deal.

We will also review your current coverage and advise you if we see that you are either over-insured, under-insured, or if we have other recommendations for your specific situation.

The three main eligibility criteria for purchasing retirement plans in India are:

• Entry Age:

You can purchase a Pension Plan only after you attain a certain age. There are different age brackets for different insurance plans, but generally, the minimum entry age for a Pension Plan is 18 years. However, there are some companies that have set the entry age for these plans as 30 years. In the same way, there is a maximum entry age for the pension fund. In most cases, it is around 70 years.

• Premium:

There is a minimum premium payment that the policyholder has to pay for taking a Pension Plan. This is because the pension is received according to the premium paid by the policyholder.

• Vesting Age:

This is the age at which the policyholder starts getting a pension. Generally, it is set at 40 years. It can go up to the limit provided by the insurance provider.

Not all insurance agents are the same! Choosing the right one can make BIG difference - in price, service and value

Consulting Off:
12-2-417/46/6, 4th Floor, Sharada Nagar Colony,
Gudimalkapur, Mehdipatnam, Hyderabad - 500 028 Telangana, India
Contact: sales@mminsurance.in

Admn. Off:
12-2-455/2/3, Opp: LIC Of India City Branch-13,
Gudimalkapur, Mehdipatnam, Hyderabad - 500 028, Telangana, India
Contact: info@mminsurance.in