For many NRIs, returning to Kerala after years of hard work in the Gulf or abroad is a cherished dream. But with that dream comes a vital question — how to ensure a steady monthly income after retirement? The answer lies in smart investment and pension planning that converts your savings into lifelong financial security.
In this article, we explore the Top 5 monthly income plans for NRIs retiring in Kerala, with expert guidance from Mr. Vishundas, an authorized Bajaj Life Insurance advisor with years of experience at MyGoldenRetire.com.
For personalized guidance, connect directly at https://wa.me/918547125619.
1. Bajaj Life Insurance Pension Plans – A Reliable Monthly Income for NRIs
When it comes to retirement planning, Bajaj Life Insurance stands out among India’s top insurance companies — ranking 4th among leading non-bank insurers. With decades of expertise, Bajaj provides tailor-made pension and annuity solutions that guarantee a stable monthly income post-retirement.
Why NRIs Should Choose Bajaj Life Insurance Plans:
- Assured Regular Income: You can choose to receive payouts monthly, quarterly, or annually.
- Lifetime Pension Options: Enjoy pension income for life with joint life benefits for spouse.
- Guaranteed Returns: Bajaj offers predictable income even in uncertain markets.
- Flexible Annuity Plans: You can select plans that match your retirement lifestyle and goals.
- Tax Benefits: Eligible deductions under Indian tax laws (as per prevailing norms).
For expert NRI guidance from Mr. Vishundas, visit https://wa.me/918547125619.
2. Fixed Deposits (FDs) for NRIs – Safe & Stable Returns
For NRIs planning to settle in Kerala, NRE and NRO Fixed Deposits are an excellent option for predictable monthly income. Many banks offer monthly interest payouts directly to your Kerala account.
Benefits:
- Secure and low-risk investment.
- Fixed interest rates (6–8% p.a. approx.).
- Easy repatriation options for NRE deposits.
However, FD interest is taxable for NRO accounts, which is why supplementing FDs with a Bajaj Pension Plan ensures better after-tax stability.
3. Senior Citizen Savings Scheme (SCSS) – Government-Backed Assurance
If you are above 60, the Senior Citizen Savings Scheme (SCSS) offers one of the highest government-backed returns in India (currently around 8.2% per annum).
Key Highlights:
- Interest credited every quarter, ensuring regular cash flow.
- Safe and secure with sovereign guarantee.
- Suitable for retirees seeking predictable income.
You can open an SCSS account through authorized Indian banks or post offices in Kerala.
4. Mutual Fund SWPs (Systematic Withdrawal Plans)
NRIs comfortable with moderate risk can opt for Systematic Withdrawal Plans in mutual funds. This method allows you to withdraw a fixed amount every month, while the rest of the investment continues to grow.
Advantages:
- Potential for inflation-beating returns.
- Flexibility to adjust withdrawal amounts.
- Diversification across debt and equity funds.
Still, for retirees seeking guaranteed income, combining mutual fund SWPs with Bajaj Life’s Guaranteed Pension Plans creates a balanced strategy — stability + growth.
5. Real Estate Rental Income in Kerala
Real estate remains a sentimental and practical investment for many Gulf NRIs. Buying a property in Kerala can create steady rental income, especially in cities like Kochi, Thrissur, or Trivandrum.
Tips for Real Estate Investors:
- Prefer commercial or furnished residential properties near urban hubs.
- Hire property management services if you stay abroad.
- Combine with pension income for long-term financial comfort.
However, unlike pension plans, property management and tenant risks make this less reliable as a sole retirement income option.
Why Bajaj Life Insurance Stands Out for NRIs
Bajaj Life Insurance has become India’s 4th largest insurer (non-bank) due to its reliability, strong claim settlement ratio, and customer-first approach. It’s the go-to choice for NRIs looking to convert one-time savings into lifelong income.
Unique Advantages:
- 20+ years of legacy in retirement planning.
- Personalized pension options for NRIs returning to India.
- Hassle-free online servicing and annuity tracking.
- Expert retirement consultation from Bajaj-authorized advisors like Mr. Vishundas.
Connect for personalized guidance: https://wa.me/918547125619
Expert Guidance from MyGoldenRetire.com
At MyGoldenRetire.com, our mission is to help NRIs like you build a financially independent retirement in Kerala. Led by Mr. Vishundas, who has years of experience in retirement and pension planning, we guide Gulf returnees toward smart, tax-efficient, and secure investment decisions.
Whether you’re working in Saudi, Qatar, or the UAE, our expert team can help you:
- Understand India’s pension schemes.
- Choose the right Bajaj Life Insurance retirement plan.
- Plan tax-optimized monthly income for post-retirement life.
Sample Bajaj Pension Plan Options for NRIs
- Bajaj Allianz Life LongLife Goal:
Guaranteed lifetime income with joint life protection for your spouse. - Bajaj Allianz Life Guaranteed Pension Goal:
Regular monthly pension with flexible purchase and annuity options. - Bajaj Allianz Life Retire Rich:
Unit-linked plan for those who want higher long-term growth potential.
Each plan is customizable for NRIs returning to Kerala and provides predictable financial security.
Final Thoughts
For NRIs planning their golden years in Kerala, the key to peace of mind lies in reliable monthly income. While real estate, FDs, and mutual funds offer options, Bajaj Life Insurance Pension Plans stand unmatched in consistency and flexibility.
So, if you’re ready to plan your post-retirement life wisely, connect with Mr. Vishundas today — a trusted Bajaj-authorized expert who has guided countless NRIs toward financial independence.
Click here for personalized pension guidance
or visit www.mygoldenretire.com