The average life expectancy is 85 years in India. Pension Planning is crucial to live a healthy life post retirement. Around 80 percent of Indians don't select the right Pension Plan or the selected plan is not sufficient considering the inflation and future lifestyle. There is a trend of voluntary and early retirement among the youth today. Pension can be planned in three ways:

1. If you have a lump sum corpus in your bank account you can convert to an annuity plan and make sure you get lifetime fixed income. For eg if your age is 50 years and 1 crore investment in annuity for a plan today will give you life lifetime pension of 6.38 lakhs annually.
2. you can invest monthly or annually a certain amount and decide the age from when the pension is required and till what age.Ideally people prefer from 60 to 85 years. Options available for lifetime too.
3. Invest every month in mutual funds like SIP and create a corpus and before
   retirement you can select a option of SWP (systematic Withdrawal Plan)

There are certain professions whose income is quite high but job span or working durations is very less. This class pension planning is not only crucial but passive income planning is must to maintain their lifestyle too. For Eg. Pilots, Shipping Professionals, Actors, Models Etc.