Is Pension Plan Must?

There are basic 4 stages in every human being's life, and he/should plan for all. The last and very critical stage is Old Age. One should plan for retirement and for this proper investment should be done from early stage. The minimum age will lead to minimum premium and also at the retirement age there will be huge corpus which will help in good amount of monthly income in the hand of insurer.

There is also option for opting like:
- income to be taken in limited time
- regular income till person is alive.
- regular income to the nominee after his/her death.

At the time of maturity one has to give consent for one of the above available options. In market almost all the companies provide pension plan and one should compare all risk and advantage before buying it. Also, recommended to compare premiums.

Kindly do comment if further information is required on this.