ICICI Pru Elite Pension is a unit linked pension plan which is specially planned for customers who want to enjoy each moment of life. It is especially flexible and it enables the customer payment of premiums for a limited time period and benefiting from the investment. The policy still assures a regular pension for the retired life.
The key features of ICICI Pru Elite Pension plan are:
- The minimum premium for the policy is Rs 3, 00,000 per annum.
- The premium payment term age is 3 years.
- The minimum and maximum age of entry for the policy is 18 years and 74 years correspondingly.
- The minimum and maximum policy term is 6 years and 62 years respectively.
- The minimum and maximum age for vesting is 50 years and 80 years in that order.
- The tax benefits of the policy are subject to conditions according to the section of 80CCC, 10 (10A) of income tax act of 1961.
The additional benefits and advantages of ICICI Pru Elite Pension are:
- This insurance plan is very flexible and it can boost the investment of the customer with money over as top us above the premium throughout the time of policy term.
- The customer is given the options to decide from 8 different investment funds to invest the money. Those 8 funds can be chosen according to the financial goals and risk report. The customer can switch funds 4 times a year which do not need any cost and is free. But a fee of Rs. 100 is to be paid.
The customer also has the options to choose the time from which he / she wishes to accept pension. He/she can choose from anytime between 50 – 80 years as per his / her requirement.
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ICICI Prudential Life Insurance
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