How to Get ₹50,000 Pension Per Month?

Starting early means you have more time to grow your money. By making small but regular savings over a long period, you can create a sizeable retirement fund. For example, if you invest ₹5,000 per month for 20 years at 12% expected rate of return % (p.a.), you will have a fund of approx ₹50 lakh.

You can continue to withdraw a pension of ₹50,000 per month systematically and let the rest of the money grow.

Increase your savings when your income goes up. Raise annual contributions to build enough wealth to get pension of 50,000 per month. You should ideally invest 20% of your monthly income, and increase it by 10% every year. This will ensure that your increased income is going to your future funds.

Pick low-risk investments with growth potential to keep things balanced. Equity grows faster, while conservative options add stability. Insurers like Axis Max Life provide retirement plans that support structured retirement planning. Always understand your financial situation before you commit to a certain type of investment instrument.

Diversification reduces market risk and protects your future income. Your well-balanced retirement portfolio may comprise of:

• Equity mutual funds
• Debt mutual funds
• NPS
• PPF
• Pension plans from life insurers
• Annuity products

These plans offer a steady lifelong payout. Make a one-time investment, and insurers like Axis Max Life Insurance provide a fixed, predictable monthly pension for retirement. This makes you more disciplined in your approach.

Estimate your expenditure, keeping inflation in mind. This‍‌ makes your pension plan suitable. Today's 1 Cr with 6-7% rising inflation in our country will not be equally valuable 20 years down the line. So keep your lifestyle in mind while investing.

An investment professional or a retirement planner can guide you on the saving amount, the investing avenue, and the pension product that fits your needs. If you’re not someone who is great with financial planning, you should not jeopardize your future by doing in yourself. Take help, there are paid professionals who help you plan everything carefully.

Stay up to date on market changes, new interest rates, and other developments. Review your plan each year. However, don’t fall for unverified advice online. If you take any action on basis of that, you might end up hurting your retirement fund.

ULIPs combine both your insurance and investment needs into one product. Part of the premium supports your life cover, while the remaining contribution is directed into funds that align with your risk appetite. This structure ensures that your family remains financially protected while you simultaneously build wealth for future goals.

One of the most useful aspects of a ULIP is the flexibility to switch between funds whenever needed. This freedom helps you respond to market movements and adjust your portfolio, which is helpful when aiming for the best ULIP returns over 10 years. Since most fund switches come at no additional cost, you can select the funds that best support your long-term financial plans.

Most ULIPs allow you to withdraw part of your money when the lock-in period completes. It is a good option in case you encounter an urgent expenditure or require capital towards short-term objectives during your 10-year investment tenure.

ULIPs are one of the best investment options for long-term goals because their returns are linked to the stock market. Keeping your money invested for 10 years helps balance out short-term volatility and improves the potential for healthier gains. Many investors prefer to look at the returns over 10 years, because this period often reflects the true growth capability of the plan.

ULIPs allow you to include riders that provide added protection. These additions can cover critical illness, accidental death or other specific risks. By doing so, they turn your ULIP into a more complete financial safeguard that supports you through different life situations.

Premiums paid towards the life insurance portion of your ULIP are eligible for tax relief under Section 80C up to the permissible limit. However, this is only available if you are filing under the old regime.

Additionally, the maturity value, subject to prevailing tax rules, may also qualify for exemption under Section 10D. This means your investment works in two ways by helping you save tax while creating long-term growth opportunities.