Retirement plans accumulate a corpus during your earning years and convert it into a regular income afterwards. The annuity option you choose at vesting decides how long that income lasts and what your spouse receives.
We plan both halves — the accumulation and the payout — because the second decision is irreversible and usually made in a hurry.
Who needs this cover
Salaried professionals without an adequate pension
Self-employed people with no employer retirement benefit
Anyone within fifteen years of retiring
Key benefits
Regular income after retirement
Choice of annuity options, including joint life
Tax treatment as per prevailing provisions
Optional return of purchase price to the nominee
What is typically covered
Accumulation of the retirement corpus
Annuity income from the vesting date
Death benefit during the deferment period
Eligibility
Entry ages typically 18 to 65 years
Vesting ages commonly between 40 and 80 years
Key exclusions and limitations
Annuity rates are fixed at purchase and cannot later be improved
Early withdrawal is restricted by product and regulatory rules
Exclusions differ between insurers and product variants. Always read the policy wording for the exact list.
Claim information
At vesting we help you compare annuity options across insurers before the corpus is committed — this is the decision that matters most.
Information on this website is educational and advisory in nature. Insurance products, benefits, exclusions, waiting periods and claim outcomes are subject to the terms and conditions of the respective insurer's policy document and applicable IRDAI regulations. Please read the policy wording carefully before concluding a sale.
Frequently asked questions
Because your income supports people who would still have expenses if it stopped. Life insurance replaces that income so your family can maintain their standard of living, meet loan repayments and keep long-term goals such as education on track. If nobody depends on your income, you may not need it — that is a legitimate answer, and we will tell you so.
A common starting point is ten to fifteen times your annual income, then adjusted for outstanding loans, the number of years your dependants would need support, children’s education costs and any existing cover. A Financial Need Analysis works this out properly for your situation rather than applying a rule of thumb.
Yes. You can hold multiple life and health policies with different insurers. For life insurance, all policies pay independently. For health insurance, claims are settled between the insurers up to actual expenses. You must disclose existing cover when applying for new cover.
Yes — claim assistance is part of the relationship, not an extra service. We help with intimation, documentation, coordination with the insurer or TPA, and follow-up until settlement is tracked to a close. The final claim decision rests with the insurer and is governed by the policy wording and applicable regulations.
Age, sum insured, policy term, health and medical history, lifestyle factors such as smoking, occupation, and the riders you select. For motor insurance, the vehicle’s value, age, engine capacity and location apply. Buying earlier generally locks in a lower premium for the whole term.
It is the time that must pass before certain conditions can be claimed. Health policies typically have an initial period of around 30 days covering everything except accidents, specific waiting periods of one to two years for listed conditions, and a longer period for pre-existing conditions. The exact periods are stated in your policy schedule.
