Future Generali India Life Insurance Company Limited is now Generali Central Life Insurance Company Limited. Generali Central Life Insurance Company Limited – A joint venture between Generali – one of the world’s leading insurers and Central Bank of India, India’s finest nationalised bank.
Future Generali India Life Insurance Company Limited is now Generali Central Life Insurance Company Limited. Generali Central Life Insurance Company Limited – A joint venture between Generali – one of the world’s leading insurers and Central Bank of India, India’s finest nationalised bank.
Retirement Plan a Must! Due to Lack of Social Security and Pensions in India
4 mins
5.3KUnlike in developed countries, where the government takes care of the elderly, there is no social security system in India*. The outdated idea of public sector undertakings (PSU) jobs being future-proof due to pension eligibility no longer exists. In such a scenario, retirement planning is crucial to ensure that we live the life we desire in our post-retirement years. When we reach our retirement age, we need enough money to sail through and more essentially, fulfil our dreams. Due to the challenges posed by thelack of social security and pension systems in India, a good retirement planis critical. This is where Generali CentralÂ’s Lifetime Partner Plan can empower you to ensure your future income right up to the age of 100 years. The plan provides increasing guaranteed monthly income, along with a whole life cover. Let us explore more about a retirement plan in this article.
Importance of a Retirement Plan in India
Having a considerable amount of money to draw from assumes greater significance for the following reasons:
Conclusion
If there is one reason you must plan on your own for your retired life, it isthe lack of social security and pension system in India; hence,a retirement planis the only way to ensure a comfortable lifestyle post-retirement.
The best time to start investing is now. Whether you are salaried or self-employed, there are a plethora of options to choose from. With the right plan , you can handle medical emergencies in your retired life. Furthermore, you will know exactly how far you are from your retirement goal while gaining control over your earnings and expenses. You will also learn the risk tolerance that you may have to speed up your progress towards these goals.
To summarise, a retirement plan will equip you with a complete understanding of your financial goals and help you attain them, beginning today! Visit Generali Central Life Insurance for more information on insurance policies that can help you plan your retirement.
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Have questions? Get help and reliable support from experts at Generali Central India Life Insurance.
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From insurance basics to wealth-building strategies — everything you need, in one place.
Got Questions? We’ve Got Answers!
Here are answers to some of the questions you might have.
Life insurance is a financial safety net that supports your loved ones in your absence. If something happens to you, it provides them with funds to help cover everyday expenses, repay debts, and achieve future goals. It gives you peace of mind, knowing your family’s financial future is secure— no matter what.
The right plan depends on your needs.
Start by assessing your life stage, financial goals, and the needs of your family. Consider factors like your income, outstanding loans, future expenses and goals (like children’s education, foreign travel, study abroad), and desired coverage amount. We offer a wide range of plans that cover multiple goals and budgets. To get a better idea and make a confident choice consult with a financial advisor or call us on 1800 102 2355.
A good rule of thumb is to aim for coverage that's 10–15 times your annual income. Consider your family’s living expenses, outstanding loans, children’s education, and long-term goals. The right amount ensures your loved ones can maintain their lifestyle and meet future needs— even in your absence.
We would love to help you choose and buy the right policy for your needs. Call our toll-free number 1800 102 2355 or drop us an email at care@generalicentral.com.
Reach out to us in any way that you prefer, and our team of experts will soon get back to you!
Disclaimers
Understand your policy better with key details and insights into our Generali Central Life Insurance.
This Product is not available for online sale. Life Coverage is included in this Product. For detailed information on this plan including risk factors, exclusions, terms and conditions etc., please refer to the product brochure and consult your advisor, or, visit our website before concluding a sale. Tax benefits are as per the Income Tax Act 1961 and are subject to any amendment made thereto from time to time. If you have any request, grievance, complaint or feedback, you may reach out to us at care@generalicentral.com For further details please access the link: www.generalicentrallife.com/customer-service/grievance-redressal-procedure.
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