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ICICI Life Stage Pension

ICICI LifeStage Pension

One of the most distinguished and popular plans from ICICI Prudential, the life stage pension has no premium allocation charges for regular premiums, this means that 100% of the sum is an investment. Apart from this, the plan also provides the insurer with a unique life-cycle-based strategy that redistributes the money across varied asset classes depending on the slab that has been chosen. A maximum premium benefit of Rs 15000 per annum can be availed, and the premium payment frequency can be chosen from monthly, half yearly or yearly options.

LifeStage Pension at glance

Minimum/Maximum Entry Age -18 years to 70 years
Maximum Cover Ceasing Age- 80 years
Minimum/Maximum Policy Term -10 years to 62 years
Minimum/Maximum Policy Term -10 years to 62 years
Premium Payment Frequency - Monthly, half-yearly, yearly
Minimum Premium -Rs. 15,000 p.a.
Tax Benefit - Under Section 80CCC, as per prevailing Income Tax laws on premium paid for base policy.

Key Benefits of LifeStage Pension

Option to choose a unique and personalised lifecycle based portfolio strategy to create ideal balance between Equity and Debt.

This plan invests 100% of your money in the portfolio of your choice.
Enjoy the flexibility to choose from 5 pension options through which you can receive your pension.
Opportunity to earn potentially higher returns by investing in Unit Linked Funds.
Receive tax-free commutation up to one-third of the accumulated value on vesting (retirement) date.
Avail tax benefits on premiums paid u/s 80CCC.