Life insurance companies offer a variety of retirement insurance policies and pension plan insurance plan solutions where you can invest in debt and equity safely, with guaranteed capital protection as per the IRDA rules. Balanced investment of regular premium paid provides you with assured returns, enabling your retirement corpus to grow during the accumulation phase. On vesting date, the pension payments start. At this point, you can withdraw up to one-third of your maturity amount and receive the balance as regular income or use the entire maturity amount to draw a regular income after retirement. Life insurance companies also offer the single premium payment plan where a one-time lump sum is invested and pension payment is triggered immediately or at a time specified by you.