Disclaimer
: In Unit Linked Policies, the investment Risk in the investment portfolio is borne by the policyholder.
With Axis Max Life Investment Plans
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The golden rule for retirement planning is to start early and stay invested. This way your money has more time (between now and retirement) to grow.
Consider this illustration:
| Case 1 – Started Early | Case 2 – Started Early |
Starting Age | 30 | 45 |
Retirement Age | 60 | 60 |
Invested for | 35 years | 15 years |
Monthly Investment (Rs) | 2500 | 5000 |
Total Amount Invested (Rs) | 900,000 | 900,000 |
Rate of Return (assumption) | 8% | 8% |
Fund Value at Retirement Age (Rs) | 35,21,367 | 16,88,031 |
The example clearly shows that even with the same amount of investment the Fund Value at Retirement in case of an early start is more than double that in case of a late start.
Another golden rule for making investments is “Earnings – Savings = Expenses”. That’s right. Make savings a priority. When you have just started your career, you probably do not have major liabilities. Most of your earnings can be saved and invested wisely. Make a plan today to start saving regularly. Use our retirement calculator to know about how inflation can affect your future expenses.
As you climb the professional ladder, you receive perks, bonuses and increments. Over the years, ensure that your contribution towards your retirement fund increases regularly. Some retirement plans like Axis Max Life Forever Young Pension Plan allow you to save progressively by paying 5% (simple) additional Top-up premium every year lasting till the premium payment term.
Wise and timely investment in a retirement plan can go a long way in securing your ideal retirement life. Click here to know more about Axis Max Life Forever Young Pension Plan!
Unit Linked Insurance Products (ULIPs) are different from the traditional insurance products and are subject to the risk factors. The premium paid in the Unit Linked Life Insurance Policies is subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. Axis Max Life Insurance is only the name of the insurance company and Forever Young Pension Plan (UIN: 104L075V03) is only the name of the unit-linked life insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. Please know the associated risks and the applicable charges from your Insurance agent or the Intermediary or policy document of the insurer. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these funds, their future prospects or returns. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding a sale. The past performance of the funds does not indicate the future performance of the funds. You may be entitled to certain applicable tax benefits on your premiums and policy benefits. Please note all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. Tax benefits are subject to changes in tax laws.
ARN:- ARN/Web/01
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