![star line](/media/1113700/star-line.png)
Here's How You Can Build a
TAX-FREE PENSION
for your GOLDEN YEARS
![golder years](/tax-hacks/images/header-golden-years.png)
"ULIPs can help you avail tax-free pension and make your retirement dreams come true."
![line design](/media/1113701/line-design.png)
"ULIPs fall under EEE investments and are the fastest route towards your retirement goals"
EEE Means: You save tax if you invest in ULIPs, no tax on accrued interest and the maturity value is entirely tax-free
1. INVEST IN A ULIP PLAN
![ulip plan](/media/1113702/ulip-plan.png?width=225&height=222&mode=max)
- What is ULIP?
- *ULIP stand for Unit Linked Insurance Plan
- *ULIPs offer great tax saving and growth option to investors
- *You can choose from equity and debt funds to invest your money as per your risk appetite
![zig zag line](/media/1113703/zig-zagline.png?width=296&height=5&mode=max)
2. SELECT A SUITABLE PREMIUM
PAYMENT TERM AND
INVEST TILL RETIREMENT
![suitable premium](/media/1113704/suitable-premium.png?width=272&height=222&mode=max)
![zig zag line](/media/1113703/zig-zagline.png)
3. ANNUAL PREMIUMS HELP
YOUR REDUCE YOUR TAXABLE INCOME
BY UP TO rs 1.5 LAKHS
![annual premium](/media/1113705/annual-premium.png?width=321&height=325&mode=max)
![zig zag line](/media/1113703/zig-zagline.png)
4. ACCUMULATE YOUR
RETIREMENT CORPUS
![retirement corpus](/media/1113706/retirement-corups.png?width=358&height=359&mode=max)
- Use Smart Asset Allocation for better growth
- *Allocate larger option to equity for first 10 to 15 years
- *Slowly move equity corpus to safer debt funds in later years
![zig zag line](/media/1113703/zig-zagline.png)
5. FROM AGE 60, ACTIVATE SYSTEMATIC WITHDRAWAL
PLAN TO RECEIVE MONTHLY INCOME
![systemetic withdrawl](/media/1113707/systemetic-withdrawl.png?width=334&height=247&mode=max)
- Withdraw Access Amount
- *Maximum Maturity age is 70 to 75 years for any ULIP
- *Withdraw the entire corpus till the maturity age
- *Invest the excess money in other tax saving options
- *Invest in a guaranteed pension plan to secure pension for your partner in your absence
7. ALL MONTHLY PAYMENTS FROM ULIP ARE TAX EXEMPT
![tax exempt](/media/1113708/tax-exempt.png?width=401&height=401&mode=max)
![tax](/media/1113709/tax.png?width=339&height=320&mode=max)
![zig zag line](/media/1113710/zigzagline-full.png)
Why Choose ULIPs to Pan Your Retirement Goals?
- 1. Good alternative to accumulate retirement corpus
- 2. Grow your retirement savings faster with equity exposure
- 3. Enjoy full tax exemption
- 4. Secure your partner's retirement with the life insurance cover
![red line](/media/1113711/red-line.png)
References:
1. https://life.futuregenerali.in/insurance-plans/savings-plans/unit-linked-insurance-plans/big-dreams-plan
2. https://life.futuregenerali.in/insurance-plans/ulip-plans/easy-invest-online-plan
3. https://life.futuregenerali.in/insurance-plans/savings-plans/unit-linked-insurance-plans/future-generali-easy-invest-online-plan
4. https://economictimes.indiatimes.com/welath/insure/why-ulips-are-one-of-the-best-tax-saving-instruments/articleshow/50865553.cms
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