Aviva Next Innings Pension Plan

.Aviva Next Innings Pension Plan-Retirement

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Aviva Next Innings Pension Plan

Why Should You Start Saving Early?

As you make your way through your working life, more often than not, you get caught up between your work, family and other responsibilities. Thereon, with so many impending responsibilities, one often fails to take into consideration life after retirement and what that would be like. Planning for retirement is crucial from both a personal and financial perspective. While your golden years might be for kicking back, relaxing and doing all the things you’ve always wanted to do – if you don’t plan well – all your best-laid plans might come undone.

Today, if you were to ask any retiree about their biggest fears all of them will unanimously answer 'running out of money'. Moreover, people are living longer these days than ever before and therefore there’s an inherent need to stretch your retirement income and things you can do to make your money last as long as possible. Unfortunately, unlike our western counterparts where pension saving is baked into their psyche, in India, unfortunately, many people don't take retirement into consideration while saving and investing.

Prepared for Retirement? The need for a solid retirement pension plan

Everyone wishes to retire comfortably. Retirement planning entails the need to have a sensible plan-of-action in place in order to build a sizeable retirement corpus. Although saving your money is the key to retiring early, it's not the only thing that will get you there. With the cost of living and other expenses on the rise, you need to invest smartly as well. This, in turn, would allow you to sustain a comfortable living-standard later on. Investing in a worthwhile pension scheme in India certainly gives you the edge you need to build wealth for retirement. Truth be told, your retirement goal should probably be to invest as much money as you can ahead of time.

Why Choose Aviva Next Innings Pension Plan?

One sure way of ensuring a stress-free life after retiring is by taking advantage of Aviva Next Innings Pension Plan. Aviva Next Innings Pension Plan is a non-linked, non-participating, deferred retirement pension plan that can guarantee a regular stream of income for your post-retirement years while providing security to you and your loved ones along the way. Here are some of the features and benefits of opting for this plan.

1.Guaranteed corpus for retirement 

Making an investment is all about making the right decisions. When you make the choice of investing in pension plans in India such as Aviva Next Innings Pension Plan, you’re doing just that! This plan is structured to help you gradually build your retirement corpus without having to deal with the stress of investing a huge amount of money all together later on. Consequently, this pension scheme in India carries immense potential to grow your wealth by guaranteeing 210 percent of all premiums paid as long as you pay all due premiums till maturity.

2.All-around Protection

This retirement pension plan that has been created with the aim to safeguard you and your loved ones against any pitfalls thus providing support when you need it most. In case something untoward were to happen to you, your family {beneficiary(s)} will stand to receive the higher of:

• All premiums paid – with the exception of any extra premiums and taxes – till the date of your untimely demise. What more, you will also receive interest calculated at 6 percent per annum compounded annually.

or

• 105 percent of all premiums paid – with the exception of any extra premiums and taxes – till the date of your untimely demise.

3.Flexible Payment Frequency

Aviva Next Innings Pension Plan offers you the flexibility to adapt to your needs by giving you a multitude of premium payment choices. You can choose to pay premiums, either single (single premium deferred pension plan), annually, half-yearly, or monthly as per your income pattern or according to your convenience.

4.Limited Premium Payment Term

Any individual between the ages of 42 to 60 may apply for Aviva Next Innings Pension Plan. Accordingly, you can choose the policy term and premium payment term as per your needs.

Policy Term   Premium Payment Term  
13 Years  Single 
16Years  5 Years 
18 Years  10 Years 

The flexibility offered by this plan goes a long way in ensuring that you can enjoy your retirement without having to worry about finances even as you inch towards your retirement.

When you retire, your employment income stops, but your expenses do not. You still got to figure out how to pay for your food, your accommodation, your transport as well as your health care. Being proactive and investing in Aviva Next Innings Pension Plan is the best way of ensuring your retirement goals are achieved.

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