A retirement plan provides you the continue income after your vesting age, when you are no longer working. Life stage assure pension is a unique policy which provides you the GUARANTEED ADDITION of up to 200% of the first premium.
It cushions your first premium from worst market conditions and gives you 200% guaranteed returns on it. This insurance plan gives you a unique life cycle based portfolio strategy that regularly redistributes your money across various asset classes based on your life stage.
Eligibility Criteria:
• The minimum age of entry for this plan is 18 years and maximum could be 70 years.
• Minimum vesting age is 50 and maximum is 80 years.
• The term for this policy you can choose 10 years and maximum 62 years.
• Minimum/maximum sum assured could be 0-5 times of your premium.
• The maximum age of covering is 75 years.
• The minimum amount of premium is 15,000/-
Benefits:
1. There are guaranteed additions of 120% to 200% of first year premium till at least 5 years of premium payment term.
2. Additional allocation of units from 6 year onwards results in more than 100% allocation to funds on premium payment.
3. Life cycle based portfolio strategy to invest your money as per your life stage and continually maintain to correct asset allocation.
4. With the help of automatic transfer strategy it saves your time of investment.
5. By regular top ups facility you can increase your investments.
6. If you can’t pay the premium, so with the help of cover continuance option you can continue your policy.
7. Facility of tax benefits under section 80 c and 10 A is available.
8. In the case of death of life insured nominee will get the sum assured in addition of the existing unit value.
9. You can invest your money as per your risk profile through 7 funds options.
Fund Options:
1. Pension Flexi Growth II
2. Pension R.I.C.H. II
3. Pension multiplier II
4. Pension Flexi Balanced II
5. Pension Balancer II
6. Pension Protector II
7. Pension Preserver
Know More About ICICI Insurance Policy.Click Here
ICICI Prudential Life Insurance
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Tags: insurance plan, RETIREMENT PLAN