• 2 AUG 2017

    The right time to invest in a retirement plan

    The-right-time-to-invest-in-a-retirement-plan

    Retirement is that golden period in your life where you are able to live life on your terms. You can take a break from your responsibilities and focus on fulfilling your dreams such as visiting a foreign country or learning a sport. However, your retirement won’t be a smooth ride unless you plan for it from the very beginning. Financial planning is a must in order to ensure a financially
    secure and comfortable retirement. You have to plan in advance to substitute your regular source of income which will stop once you retire. Nobody would like to be financially dependent on someone else during their retirement.


    It is prudent that you start saving money as early as possible. It is important to remember that every penny counts. If you are able to put only a small fraction every month towards your retirement fund; it shouldn’t dissuade you from saving. Most of us start earning in our early or mid-twenties; a time when you are slowly adjusting to your new lifestyle, saving money for your retirement is the last thing on your mind.

    However, this is the time when you have very few responsibilities. This is the ideal time for you start saving for your retirement; not only will you have a larger investment corpus but you will also get into the habit of saving.As you enter your 30s, you are saddled with more responsibilities. You have to take care of your family

    As you enter your 30s, you are saddled with more responsibilities. You have to take care of your family and ensure that all their needs and requirements are fulfilled. At work, you have more pressure and a burning desire to succeed. You have different liabilities such as home loans and car loans. At this age, you should start investing seriously and also purchase life insurance and health insurance for you and your family.


    The 40s and the 50s are when you should be the final stage of your retirement plan. You would have already made a list of all the things that you want to do after you retire; giving you an idea as to how much money you will need. Do not forget to account for your daily household expenses which will also be drawn from your retirement fund once your regular income stops.

    Insurance companies have come up with a number of retirement plans to aid you in the process of saving money for your retirement. Assess your needs and requirements and choose a plan which is most suited for you. 

    • Leave a Reply
  • 13 OCT. 2017

    Get a Comprehensive Life Insurance Plan for Your Family this Diwali

    While tangible gifts form an important part of the rituals between parents and children for the festive season, some intangible gifts hold a deeper value.

    read more

request a call back

for a scheduled call back, please share:

contact us

branch locator

Please enter your mobile number

enter your contact details

anything amissshare your problem

file a complaint now

what did you find amiss?

please provide us with following information

file a complaint

check status here:

Product
mascot
mascot

Don’t wait. Complete your application by entering your transaction id.

mascot

Please enter your email address to get an email summary of your needs

mascot

By entering my contact details I authorize Edelweiss Tokio Life Insurance to Call or SMS me with reference to this enquiry. This overrides the DND registration of TRAI.