Thousands of Malayalees spend their youth working abroad, helping their families, building Kerala’s economy through remittance, and sacrificing time, health, and personal life. But when they return home after 60, a big question arises:
“Who will support me when my income stops?”
To offer basic support, the Government of Kerala introduced the Kerala Pravasi Welfare Board and Pravasi Pension Scheme, aiming to provide a small monthly pension to Non-Resident Keralites. However, while the intention is good, the pension amount is very basic, and may not be enough to maintain a comfortable retirement life.
If you are planning a secure retirement with a fixed monthly income, then you must understand both:
What Pravasi Pension actually gives
Where it falls short
How you can build a better lifelong pension for yourself
What is the Kerala Pravasi Welfare Board Pension Scheme?
The Kerala Pravasi Welfare Fund, managed by the Kerala Pravasi Welfare Board, is a social security initiative for NRKs (Non-Resident Keralites). Members contribute a small monthly amount, and after the age of 60, they become eligible for a pension.
Key Benefits
Helps unorganized workers & low-income NRIs
Pension after age 60
Family pension in some cases
Welfare assistance (education, medical aid, etc.)
Eligibility
| Requirement | Details |
|---|---|
| Who can apply | NRKs and returnees |
| Minimum Membership Period | 5 years |
| Pension Start Age | 60+ |
| Monthly Contribution | Usually ₹100–₹500 |
Pension Amount
Most Pravasi Pension payouts fall in the range of:
₹2,000 to ₹5,000 per month only
This is where the real challenge begins. In today’s world, ₹2,000–₹5,000 is not enough even for medical expenses, let alone living with dignity.
Wa: https://wa.me/918547125619
(Plan a pension that gives ₹25,000 to ₹75,000 monthly for life)
Limitations of the Pravasi Pension Scheme
| Limitation | Impact on Retiree |
|---|---|
| Very low pension amount | Not enough for monthly living |
| No guaranteed inflation protection | Value keeps decreasing |
| Delayed financial benefit | Helps only after 60 |
| Not designed for middle-class NRIs | Only basic support |
This scheme is not a financial retirement plan. It is only a social support scheme.
To live without depending on children or relatives, you need a stronger, guaranteed monthly income plan for life.
A Better Alternative – Bajaj Guaranteed Pension Plan
To ensure lifetime income, many NRIs today choose private pension products such as Bajaj Guaranteed Pension Plans, which:
Provide ₹25,000–₹75,000 (or more) monthly pension
Give 100% guaranteed lifelong income
Allow spouse protection (Joint Life option)
Give Return of Purchase Price to children/nominee
Offer tax benefits under 80C and 10(10D)
Give you the freedom to choose retirement age and pension amount
Comparison: Pravasi Pension vs Bajaj Pension Plan
| Feature | Pravasi Pension | Bajaj Pension Plan |
|---|---|---|
| Monthly Pension | ₹2,000–₹5,000 | ₹25,000–₹75,000+ |
| Guarantee | Basic | Lifetime Guaranteed |
| Suitable For | Social support | Comfortable retirement |
| Family / Spouse Cover | Limited | Yes |
| Return of Investment | No | Yes |
| Tax Benefits | Limited | 80C + 10(10D) |
| Goal | Survival | Financial Freedom |
This comparison makes it very clear:
Pravasi = Survival pension
Bajaj = Lifestyle pension
Wa: https://wa.me/918547125619
(Get your personalised pension calculation)
How to Apply (Simple Steps)
- WhatsApp your Age + Country + Monthly Pension Target
- Get a Personalised Pension Chart
- Submit KYC (PAN, Aadhaar, Photo)
- Activate your Lifetime Monthly Pension
FAQs
1. Should I stop Pravasi Pension?
No, you can keep it — but don’t depend on it for retirement.
2. How much monthly pension can I get with Bajaj?
Depends on age & investment — many NRIs plan pensions of ₹25,000 to ₹75,000 per month.
3. Is the pension guaranteed for life?
Yes. Bajaj Guaranteed Pension Plans ensure lifetime income.
Conclusion
The Kerala Pravasi Welfare Board Pension Scheme is a good initiative, but it provides only basic support. If you want real dignity, freedom, and financial independence after retirement, you must build a strong guaranteed monthly income plan.
Start planning today — your future self will thank you.
Wa: https://wa.me/918547125619
MyGoldenRetire.com