LifeStage plan is a pension plan designed by ICICI Prudential. ICICI Pru Lifestage comes with facilities like no premium allocation charges and that means 100% of the customers’ money is invested. The policy also provides with a basic strategy that will continue to distribute the money invested across the various asset classes based on the risk tolerance and life stage.
The key features of ICICI Pru LifeStage Pension plans are:
• Minimum entry age is 18years and maximum entry is 70 years
• Maximum cover age is 80 years
• Minimum policy term is of 10 years and maximum is 62 years
• Minimum retirement age is 50 years and maximum is 80 years
• Premium can be paid monthly, half-yearly, yearly.
• Minimum premium amount is Rs. 15,000 p.a.
• Get tax benefit under Section 80CCC, as per prevailing Income Tax laws on premium paid for base policy.
• The plan invests 100% of the money of the customer in the portfolio of the customer’s choice.
• The customer can enjoy the flexibility to choose from the 5 different options of pension through which he/she is to receive the pension.
• The customer also gets the opportunity to earn higher returns by investments in Unit Linked Funds.
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ICICI prudential Life Insurance
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