A retirement policy is basically an Endowment Plan where you get covered for life insurance term and the balance amount of funds are invested. These investments are done in debt and equity securities.

When you opt for a retirement policy, you get organized as you start saving for the future. Nowadays insurance companies offer various schemes under this policy. You can also get add on benefits on a basic insurance policy. Like a double accident benefit where the sum assured is doubled incase of accidental death. Also a joint life benefit where you can cover your loved one too in this policy. And profit plan where you can share the profits made by the company.