How Should Women Build their Retirement Plans

1. You need to understand that as a women, as per the World Health Organisation, your life expectancy is more than that of your husband. So, in the case of losing your husband, you may end up seeking money. Hence, it is advisable you have your health and personal insurance cover that could build your wealth for later years.

2. Do no keep our investment plans for later. The sooner you plan your investments, the more benefits you will get later. Moreover, early investments helps in compounding interests more and that results in accumulating wealth to look after your needs post your retirement. Check out HDFCLife's CLick 2 Retirement Plans for more details.

3. Insurance is very important for your better living. Many companies offer women-oriented insurance plans. You can choose as per your needs and act accordingly. For instance, HDFC Life CLick 2 Protect 3D plans have been designed in such a way that offers protection to against three D's - death, disability and disease.

4. You can also go beyond the traditional route and opt for equity funds or systematic investment plans (SIPs). There is also option for Unit Linked Insurance Plans (ULIPs). HDFC Life's Click 2 ULIP might be the answer to your investment plans.

5. If none of above options suit you most, and you wish to keep it straight, simple and hassle-free, you can opt to invest in National Pension Scheme (NPS).

The important thing in all the discussion is, how and when you wish to invest. Equality does not come from just being equal stakeholders at home or elsewhere. Planning your life in advance, by insuring and also taking charge of your life way in advance on your own. Don't just be a wife, mother, daughter but also a women in-charge of your future.

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