Ensuring a stable financial future is more important than ever. A great way to achieve this is through monthly investment plans that provide a regular income. Whether you're planning for retirement or looking for a way to meet monthly expenses, a well-chosen investment plan can be a financial lifesaver. Let's explore some of the best monthly investment plans in India, their features, and why they could be a great fit for your financial needs.
Here’s a curated list of the best investment options for generating monthly income in 2024 that you might want to explore.
|
Plans Name |
Entry Age |
Maximum Maturity Age |
Policy Term |
Unique Features |
|
ICICI Pru Guaranteed Income For Tomorrow |
Min- 4 years Max- 57 years |
65 years |
8 to 14 years |
Joint life option to secure income for both you and your spouse Flexible payout options to suit your needs Receiving income immediately or delay it for 1 to 10 years, as needed |
|
Max Life Guaranteed Lifetime Income Plan |
Min- 0 years Max- 80 years |
- |
Single Life: till the death of the annuitant Joint life: till the death of the second survivor |
Joint life option to provide income for you and your spouse Flexible payout choices available Receiving income immediately or delay it for 1 to 10 years, as needed |
|
HDFC Life Super Income Plan |
Min- 18 years Max- 59 years |
75 years |
15 to 27 years |
Receive regular income for 8 to 15 years Insurance cover throughout the policy term Available with Short Medical Questionnaire (SMQ) based underwriting |
|
Bajaj Allianz Life Guaranteed Pension Goal |
Min- 30 years Max- 85 years |
- |
Life Annuity Life annuity with ROP |
A wide range of annuity options Return of the purchase price Guaranteed income for life |
|
Tata AIA Guaranteed Monthly Income Plan |
Min- 6 years Max- 60 years |
80 years |
5 to 12 years |
Monthly income for 10, 16, or 24 years Monthly Income at 8.35% to 13.03% per annum of total premiums paid Choose a policy term of 5, 8, or 12 years |
|
ABSLI Monthly Income Plan |
Min- 18 years Max- 55 years |
80 years |
20/37 years |
Option for level or increasing income benefits Built-in accidental death cover Lump sum bonuses at maturity |
Find the perfect monthly income plan – Get Expert Advice!
A monthly income investment plan is a financial product that provides a consistent income to the policyholder, making it an ideal option for those looking to cover regular expenses or plan for retirement. These plans offer benefits like:
There are different types of plans that provide you with a regular monthly income. Let’s look at these options so you can find the one that works best for you.
As the name suggests, annuity plans are designed to provide a guaranteed monthly income for a set period after you retire.
|
Plan Names |
Entry Age |
Policy Term |
Unique Features |
|
HDFC Life Systematic Retirement Plan |
Min- 45 years Max- 75 years |
Whole life |
Choose to delay annuity payments by selecting a deferment period Guaranteed income for life after paying premiums for a limited time Option to return the total premiums paid upon death |
|
Max Life Guaranteed Lifetime Income Plan |
Min- 0 years Max- 80 years |
Single Life: till the death of the annuitant Joint life: till the death of the second survivor |
Joint life option to provide income for both you and your spouse Flexible payout choices to suit your needs Start receiving income straight away or defer it for 1 to 10 years, as needed |
|
ICICI Pru Guaranteed Pension Plan Flexi |
Min- 40 years Max- 70 years |
5 to 15 years |
Guaranteed annuity for life with the option to return premiums paid Ability to ‘Top-up’ your plan when you have extra funds to save Wide range of options to decide how long you want to pay premiums |
Perfect for retirees, the Senior Citizen Savings Scheme (SCSS) is a government initiative designed for individuals over 60 years of age. This is the best monthly income scheme that ensures a guaranteed income, making it a reliable option for senior citizens.
Key Features:
Another government-backed plan, Post Office Monthly Income Scheme provides financial security for those looking for steady monthly returns.
Key Features:
Government bonds are secure investment options issued by the government, offering fixed interest rates and long-term income security, and this is one of the best investment plan for monthly income.
Key Features:
SWPs are investment strategies offered by mutual funds and other financial products, allowing you to withdraw a fixed amount at regular intervals.
Key Features:
Get expert advice in choosing your monthly income plan – Talk To Us!
Before investing, it's essential to keep a few key factors in mind to ensure the plan aligns with your financial goals:
At OkBima, our mission is to help you secure both your present and future by offering the best monthly investment plans that meet your needs. Here's why you should choose us:
A monthly income investment plan is an excellent way to secure financial stability, especially for those planning their retirement. With options like the Senior Citizen Saving Scheme, Post Office Monthly Income Scheme, and Government Bonds, you can choose a plan that best suits your needs and lifestyle.
At OkBima, we are committed to helping you make the best choice for your future. Contact us today, and one of our experts will guide you in selecting the best monthly income plan tailored to your financial goals.
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