How to receive regular income after retirement

Please note that for retired people there are many option for getting a regular income. It could be Post office MIS, Life Insurance Pension Plans, Bank Fixed Deposits, Senior Citizen Savings Scheme and Mutual Funds etc.

It all depends on what your parents current financial situation is, what are their current investments, whether they will be receiving any pension and most importantly what there risk appetite is?

If their risk appetite is low/ conservative then going for fixed income investment options which is mentioned above can be good. However, if they can take moderate or moderately high risk then mutual fund could be a good option. Investing in hybrid mutual fund schemes and drawing a fixed income every month is a popular and convenient option.

We are sharing few links below which will help you understand this better -

https://www.advisorkhoj.com/articles/life-insurance...

https://www.advisorkhoj.com/miraeasset...

ttps://www.advisorkhoj.com/licmf...

https://www.advisorkhoj.com/mutual-funds-research...

Hope the above helps you.