Pension plans in India

In India Pension plans are sold by the life insurance companies and are monitored by IRDA. All the pension plans which are sold by these insurance companies are to be pre approved by the IRDA. All the 24 insurance companies are selling pension plans in India.

India is a country where the total population is nearly 110 crores, out of which only 3-4% people have pension benefits. The rest of population is not having any social security for their retired age. This results in the people going for jobs even after age 65.

These Pension plans gives us solution for these old age factor. let us have a short view on the available pension plans in the market.

Pension plans List in India

Here in the below table, had bought out the pension plans list which is available with 24 life insurance companies.

Aegon Religare Life Insurance Co. Ltd. AEGON Religare Guaranteed Income Advantage Insurance Plan
Aviva Life Insurance Co. India Ltd. Aviva Next Innings Pension Plan
Bajaj Allianz Life Insurance Co. Ltd. Bajaj Allianz Retire Rich (ULIP)
Bharti AXA Life Insurance Co. Ltd. NO PRODUCT
Birla Sun Life Insurance Co. Ltd. BSLI Empower Pension - SP Plan
Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd. NO PRODUCT
DHFL Pramerica Life Insurance Co. Ltd. NO PRODUCT
Edelweiss Tokio Life Insurance Co. Ltd Edelweiss Tokio Life – Pension Plan
Exide Life Insurance Co. Ltd. Exide Life Golden Years Retirement Plan
Future Generali India Life Insurance Co. Ltd. FG Pension Guarantee
HDFC Standard Life Insurance Co. Ltd. HDFC Life Single Premium Pension Super
ICICI Prudential Life Insurance Co. Ltd. ICICI Pru Easy Retirement
IDBI Federal Life Insurance Co. Ltd. NO PRODUCT
IndiaFirst Life Insurance Co. Ltd NO PRODUCT
Kotak Mahindra Old Mutual Life Insurance Ltd. NO PRODUCT
Life Insurance Corporation of India LIC's New Jeevan Nidhi
Max Life Insurance Co. Ltd. Max Life Forever Young Pension Plan
PNB MetLife India Insurance Co. Ltd. MetLife Monthly Income Plan – 10 Pay
Reliance Life Insurance Co. Ltd. Reliance Smart Pension Plan
Sahara India Life Insurance Co. Ltd. NO PRODUCT
SBI Life Insurance Co. Ltd. SBI Life - Retire Smart
Shriram Life Insurance Co. Ltd. NO PRODUCT
Star Union Dai-Ichi Life Insurance Co. Ltd. SUD Life Assured Income Plan
Tata AIA Life Insurance Co. Ltd. NO PRODUCT

Out of the 24 insurance companies in India, only 16 company has specialized retirement plans.  We had linked all the pension plans available with each company. All the product features pages are linked with the product names in the above coloumn. You can click on the names for further details of the product.

And all the products are deferred annuity plans. Our experts are analyzing  all the above listed pension plans. You can have a review of all the above plans very soon.

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