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Disclaimer: # The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. All plans listed here are of insurance companies’ funds.

Retirement Pension Plans for NRIs 2025

Most NRIs plan to build a corpus of funds of funds for their retirement when returning back to India in the later stage of their lives. If you are also living overseas and wish to enjoy a similar lifestyle and dignity even after retirement it is required that you plan in advance. How about putting your hard-earned money in one of the Best Pension Plans for NRI in India that will help you meet your post-retirement financial needs?

Plans starting from ₹1000/month

Best Investment Plans

Invest 18k/month & get 2 Crore^# on maturity
Manage your funds online60k + happy customers across 25+ countries
Compare & Choose 30+ Plans and 150+ Fund options

There are a number of financial instruments to choose from based on your goals, age, and financial desires. Various pension plans are offered by top insurance companies India for NRIs that promise higher returns and financial security in the golden years of life.

SBI, LIC, Bajaj Allianz, and various other insurance firms offer pension plans for overseas Indians. Most of the insurance companies offer comprehensive pension plans that are designed specially to solve the purpose of Retirement planning.

Best Pension Plans^†† for NRI’s in India

Plan Name	Minimum Age	Maximum Age	Policy Term/Annuity Options	Annuity to Spouse	Tax Benefits
Aviva Wealth Builder Plan	5 years	50 years	Policy Term: 13, 15 & 17 years	NA	Applicable
Bajaj Allianz Life Pension Guarantee Plan	37 years	80 years	Life Annuity and 5,10,15, 20 years	50 and 100 percent	Applicable
LIC Jeevan Akshay	30 years	65 years	Life Annuity and 5,10,15, 20 years and thereafter	50 and 100 percent	NA
LIC Jeevan Nidhi Plan	20 years	60 years	Life Annuity and 5,10,15, 20 years and thereafter	50 percent	U/S 80CCC
National Pension Scheme for NRIs	18 years	60 years	-	-	Up to 1.5 lacs

Disclaimer: ^†† Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is done in alphabetical order (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

Quick Rundown of the Best Retirement Pension Plans for NRI

Bajaj Allianz Life Pension Guarantee Plan

This plan is designed by Bajaj Allianz Life insurance to provide you a steady income post retirement. The first annuity will be paid in the first month, 3^rd month, sixth month or 1 year after policy inception based on the payment mode that you choose – every month, every 3 months, lievery six months or annually respectively.

The minimum age criterion to buy this plan is 37 years and the maximum age limit is 80 years. This plan provides immediate annuity options like an annuity for lifetime return of the purchase price upon the death of the annuitant, and an annuity for a specific period of 5, 10, 15, 20 years till lifetime. There is another option i.e. Coverage to the spouse along with 50 percent of annuity to the spouse in case of death of the annuitant , 100 percent annuity to the spouse in the event of death of the annuitant and 100 percent annuity to the spouse with return of purchase price in case of death of the last survivor.
LIC Jeevan Nidhi Plan

It is one of the most popular and best pension plans for NRIs as it offers five different plan variants to choose from. You can choose to get the annuity for a lifetime, or choose to get it for a fixed interval of 5, 10, 15, 20 years irrespective of the survival period.
You can also opt to get a return of the purchase price in case of death, and payment of 50 percent of annuity to the spouse in case of death of the policyholder.

Moreover, you can avail 3 percent increment of annuity every year and opt for various other insurance benefits available with this plan.
National Pension Scheme for NRIs

Anyone between the age group of 18 to 60 years of age can put their money in the government launched New Pension Scheme. The minimum subscription under this scheme is INR 6,000 on yearly basis. And 50% of investment money is allocated to equities National pension scheme gets matured at the age of 60 years. However, you can withdraw the corpus amount if it is lesser than INR 2 lakhs.
LIC Jeevan Akshay

To avail the benefits of this plan, you just need to pay the amount in lump sum. It is an Immediate Annuity plan that offers annuity payments of a specific amount to the annuitant throughout the lifetime. The minimum entry age to buy this plan is 30 years and the maximum entry age is 85 years. The minimum purchase price is INR 1lakh and INR 1.5 lacs for online sale. It offers annuity for a lifetime, and other features include payment of annuity of 5, 10, 15, 20 year and thereafter till the time you are alive, increment in the annuity at the rate of 3 percent per annum, payment of 50 and 100 percent of annuity to the spouse, and return of purchase price in case of death of the policyholder.
Aviva Wealth Builder Plan

This plan is designed for people who have a certain set of milestones and aspirations to achieve in their life. It can be anything such as buying a dream house, a child’s marriage, education and comfortable years of retirement. Paying for such events can put you in financial shock and if you plan for it in advance to fulfill your dreams

This plan is specially designed to help you fulfill your dreams. The premium amount that you pay gets doubled at maturity. Above all, it also ensures protection to your family especially when you are not around.

Benefits for NRI to Invest in Retirement Pension Plans

Retirement pension plans for NRIs are designed to offer you a sought-after life even when your source of income stops

You can save a part of your saving in pension plans
To ensure a regular income, you opt for pension benefits at monthly intervals by purchasing an annuity plan
You can create a fund for yourself that you can withdraw in parts or as a whole during your retirement years
These plans also serve the dual purpose of investment and financial protection in the golden years of your life

Things to Consider While Buying Best Pension Plans for NRI

Consider the usual returns that a retirement plan offers. Also, take into consideration the returns offered by the plan after 5 to 10 years, then compare the various plans and their benefits and select accordingly.

Remember to check the repatriation clause in a pension plan. Last but not least, focus on your needs after retirement and refrain from withdrawing your focus to other needs.

In a Nutshell

By now you must have realized the importance of systematic and regular investment in any of the above mentioned NRI retirement plans offered by the top insurance companies in India.

If presently you are working and your retirement is at least 10 years away, you must consider investing in any of the retirement plans offering you a higher return over a long term. With easy online purchase that process has been simplified further. However, it is recommended to compare different pension plans and then choose the one that meets most of your requirements.

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*Past 10 Year annualised returns as on 01-01-2025
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 2 Cr. is for a 30 year old healthy individual investing Rs 18,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: 1,06,79,507 @ CAGR 4%; 2,12,15,817 @ CAGR 8%. All plans listed here are of insurance companies’ funds. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).