Here is a rundown about most important financial fundamentals of Retirement Planning.

1. In this policy, the investment risk in the investment portfolio is borne by the policyholder.
The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholders will not be able to surrender/withdraw the
monies invested in Linked Insurance Products completely or partially till the end of fifth year

2. Medical emergencies in old age with
inadequate medical insurance requires
strong financial provisioning. Lack of
government schemes and retirement
benefits to self-employed and Private Sector
employees makes contingency planning
post-retirement imperative.

3. Increase in pay could help resolve and
manage impact of inflation on your finances
to a certain extent. However the retired
have to save more to reduce its impact by
investing in modes that give you extra
returns.

4. There should be more provision for medical
insurance, as medical expenses are
inevitable in old age. Also, a consideration
of your family’s general health, family
history of certain genetic disorders and the
class of hospital you get treated in, would
be of great help while provisioning for these
expenses.

5. .
Your spouse and dependents need to live a
secure financial life after your lifetime.
Taking up insurance policies during your
working life and well thought-out retirement
planning will take care of your dependents,
financially.

6. .
When the majority is relying on the pension
schemes in the form of ULIPs offered by
various public and private insurance
companies, as a smart investor you need to
understand the hidden charges of these
pension policies. So you need to evaluate
various investment options available
for retirement.

7. .
Your retirement plans should include
investments that make your income last a
lifetime. Pensions and annuities need to be
safeguarded, as withdrawing large sums
from them could land you in financial
insufficiency in the final years of your life

8. Many do realize the importance of
professional financial advisors, but in
practice seek it from family, friends and
colleagues. A right financial advisor could
give you good investment advice to secure
your retirement life financially.

9. http://www.holisticinvestment.in/10-dos-of-retirement-planning/
Your plan should provide sufficient amount of
monetary reimbursement to meet your
family’s basic financial needs when you will be
not around anymore, thereby providing
financial cushioning after the loss of the
breadwinner.
HDFC Life Click 2 Retire is an online Unit
Linked Insurance Plan that offers you market
linked returns, with minimal charges and
helps you achieve your retirement goals by
planning well in advance.

11. Source Link(s): https://www.linkedin.com/pulse/10-financial-doctrines-wise-retirement-planning-money-mindz
HDFC Standard Life Insurance Company Limited. In partnership with Standard Life Plc. CIN: U99999MH2000PLC128245, IRDAI Reg. No. 101.
Registered Office: HDFC Standard Life Insurance Company Limited, Lodha Excelus, 13th Floor, Apollo Mills Compound, N.M. Joshi Marg, Mahalaxmi, Mumbai 400
011.
Email: Buyonline@HDFCLife.in, Tel No: 1800-266-9777 (9 am to 9 pm).
Life Insurance Coverage is available in this product. For more details on risk factors, associated terms and conditions and exclusions please read sales brochure carefully
before concluding a sale. HDFC Life Click 2 Retire (UIN No: 101L108V02, Form No: P501) is a Unit linked online pension plan. Unit Linked Life Insurance products are
different from the traditional insurance products and are subject to the risk factors. The premium paid in Unit Linked Life Insurance policies are 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. HDFC Standard Life Insurance Company Limited is only the name of the Insurance Company, HDFC Life is only the name of the
brand and HDFC Life Click 2 Retire (UIN No: 101L108V02, Form No: P501) is only the name of the unit linked life insurance contract. The name of the company, name
of the brand and name of the contract 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 plans, their future prospects and returns. "The name/letters "HDFC" in the name/logo of the Company belongs to
Housing Development Finance Corporation Limited and is used by HDFC Life under a license/agreement." ARN: MC/04/2016/7810
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