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Stay independent with
the growing income
you deserve!
You got increments while
earning, you deserve
them after retirement too!
Stay ahead of your
expenses with a monthly
income that grows
Stay independent with the growing income you deserve!
You got increments while earning, you deserve them after retirement too!
Stay ahead of your expenses with a monthly income that grows
Prices will double every 12 years at the current rate of price rise* Intereset
This assumes 1 Lakh FD earning interest at 6.5% per year
*Price rise is inflation at 5% as reported by CSO
Growing Independent Income Plan
Growing Monthly Income Plan
Growing Retirement Income Plan
Growing Independent Income Plan
Choose your one time investment
35,000 per month
17,500 per month
Get a monthly income
Retirement increments
Retirement increaments
+
1 Crore
Get back
your amount
After 30 years
Benefits of Growing Independent Income Plan
Growing Income
Growing income
Growing at 5% every year for the next 30 years.
Tax Free
Minimal Tax
Less than 3% of the tax paid on FD interest.
Principal back
You get your principal back after 30 years - most likely with a bonus.
No lock-in
You can withdraw your money whenever you want.
Immediate Monthly Income
You receive the money in your bank account starting next month.
Safe
Money is invested in your name with well known mutual funds.
Let us know what you think
Talk to us: 1800-200-1265
Frequently asked questions
When prices are rising (inflation), why should your income be the same? 10 years ago, you could rent a decent 2 BHK with 14,000. Today, you need around 28,000. 10 years later, you will need about 41,000. During your working years, you didn’t fully realise the impact because your income was also growing - increments, promotions, job changes, bonuses. In retirement, your income is usually fixed, and that may not be sufficient to meet expenses.
Your money is invested in well known mutual funds in your name. Your principal amount is safe, and we will return it to you after 30 years, most likely with a bonus. Having said that, this plan is based on the historical returns of mutual funds, and there is an element of market risk involved in the returns. However, we have built in safety models in our planning to ensure your returns will beat FDs.
None. As with our other products, we earn a small fee from the mutual fund companies.
You receive the money in your bank account at the beginning of every month.
Yes.
Your returns will be better than FDs in general. You will be paying less than 3% of the tax you would pay on FD interest for the same amount. It means more money stays invested generating better returns in the long run. Your money also generates income that increases every year, whereas in FD it stays the same even though your expenses increase.
Currently we do not allow a change in plan. However you can withdraw your money anytime you want.
There is no lock-in. You can withdraw your money at any point in time. However, this will have an impact on your future income.
Your income from this product attracts minimal tax, typically less than 3% of an FD of the same amount. If you have other sources of income, these returns need to be included in your overall income and will be taxed according to the tax slab you’re in.
Not at the moment, but we are working on it.
Currently, we do not have these options.
Your income will begin the month after you have invested the plan amount.
Yes.
For every 10 lakh you invest, you get a monthly income of Rs.3500 which grows by 5% every year for the next 30 years. Your money gets invested in scientifically selected mutual funds which will help you beat price rise.
Well, you are already an investor because you believe we have your best interest in mind. Not only you, in the last year alone, the number of investors above the age of 45 have joined us has more than doubled. This is a validation of our mission to simplify money decisions for you. Now we want to take it a step further and support you in your retirement.