Pension insurance is designed to provide individuals with a steady income during their retirement years. It involves regular contributions made during an individual’s working life, which are then invested by the insurance company. Upon retirement, the accumulated funds are paid out either as a lump sum or as regular payments, ensuring financial stability and security in retirement. This type of insurance helps individuals maintain their standard of living and manage their finances effectively after they stop working. Plan your future today, contact your insurance provider to explore pension insurance options.