Saral Pension Plan
At Momentum Finserv, we prioritize your retirement security. We understand the significance of financial stability during your retirement years. Our Saral Jeevan Plan is meticulously crafted to ensure a stress-free retirement by providing you with a dependable income stream during your golden years.
Key Advantage - Saral Pension Plan
The key advantage of Sarala Pension is its guaranteed pension payouts, offering peace of mind and financial stability in retirement. Here are the key advantages of this plan:
Financial Security
Guarantee a consistent income flow even after retirement, allowing you to enjoy your well-deserved break without financial worries.
Tax Benefits
Benefit from tax advantages under Section 80CCC of the Income Tax Act, 1961, making your retirement planning not only secure but tax-efficient.
Flexible Premium Payment
Tailor your premium payment frequency to match your financial capabilities, ensuring that securing your retirement doesn't strain your budget.
Death Benefit
In the unfortunate event of your demise, your nominee will receive the accumulated corpus, providing them with essential financial support during a challenging time.
How the Saral Pension Plan Works
You can choose the premium payment term, policy term, and payout frequency, customizing the plan to suit your retirement goals:
- Premium Payment: Begin by paying regular premiums at your chosen frequency – whether monthly, quarterly, half-yearly, or annually.
- Accumulation Phase: Your premiums are thoughtfully invested during this phase, allowing your corpus to grow steadily over time.
- Vesting Age: Decide your preferred vesting age, the point at which you wish to commence receiving your pension.
- Pension Payment: Once you reach your chosen vesting age, you'll start enjoying regular pension payments, ensuring a comfortable and worry-free retirement.
Eligibility - Saral Pension Plan
Our Saral Pension Plan is open to individuals aged 18 to 70 years. This inclusivity ensures that a broad spectrum of people can benefit from this plan, securing their retirement regardless of their life stage.
Policy Benefits - Saral Pension Plan
Sarala Pension assures financial stability and peace of mind during your retirement years, making it an ideal choice for long-term financial planning:
- Vesting Benefit: Choose between receiving a lump sum amount or using it to purchase an annuity, tailored to your unique preferences.
- Death Benefit: In the unfortunate event of your demise, your nominated beneficiary receives the death benefit, ensuring that your loved ones are financially supported during challenging times.
- Tax Benefits: As per prevailing tax laws, enjoy tax benefits, making your retirement planning not just secure but also tax-efficient.
