Hello everyone,
I've been doing some research on retirement planning and came across the term "Systematic Retirement Plan" offered by various insurers like HDFC Life. I'm trying to understand what exactly it entails and how it might be beneficial for someone looking to build a secure retirement fund.
Could anyone here share their experience or knowledge about how systematic retirement plans work? Specifically, I'm interested in knowing:
- How do these plans differ from traditional pension plans or mutual funds?
- What are the key benefits and potential drawbacks?
- Are there specific factors or terms I should be aware of before signing up?
- How is the growth of the investment typically projected?
I would really appreciate any insights or advice from those who have experience with such plans. Thanks a lot!
