ICICI LifeLink Super Pension
This plan from ICICI Prudential has specially been tailor-made for people who prefer a bigger investment rather than pay premiums at regular intervals after their retirement. Thus, in this plan, the money that you have invested multiplies every month, right up to the day you need it. The most attractive part of this plan is that the minimum premium is Rs 25000, and there are 7 different investment fund options from where you can choose what suits your needs the best.
Another striking and attractive feature is the ability where in you can switch your benefit options depending upon the situation and your needs. You can adjust your port folio accordingly and this can be done 4 times a year, cost free! What more do you need for a happy old age?
LifeLink Super Pension at a glance
- Minimum Premium -Rs. 25,000
- Minimum/Maximum Entry Age -18 years – 70 years
- Minimum/Maximum Policy Term -5 years – 57 years
- Minimum/Maximum Vesting Age -45 years to 75 years
- Tax Benefit - Under Section 80 CCC, as per prevailing Income Tax Laws on premium paid
Features and benefits of LifeLink Super Pension Plan
- One-time lumpsum payment: Make a single investment of as little as Rs. 25,000.
- Take a look at the additional features of ICICI Prudential's LifeTime Super Pension policy:
- annuity options: Pick one option based on how long you want your annuity to last and the extent of coverage you want.
- Investment funds: Select among Flexi-Growth, R.I.C.H., Multiplier, Flexi-Balanced, Balancer, Protector, and Preserver, based on your financial goals and risk profile.
- Pension options: Out of the five annuity options, pick one that will best suit your post-retirement requirements.
- Pre-decided retirement age: Determine the age at which you want to start receiving your pensions. The minimum age of receiving pensions is 45 years.
- Switch benefit: Switch between funds anytime to adjust your portfolio, based on your goals and risk profiles. You can switch funds 4 times a year, at no cost. For subsequent switches, you will be required to pay a switch fee of Rs. 100.
- Tax benefits: Receive up to one-third of the accumulated value as a tax-free lump sum on your retirement day. Also enjoy tax benefits on the premiums you pay (under u/s 80 CCC).
Mentioned below are the various General Insurance products offered by ICICI Lombard:
Health Insurance
Motor Insurance
Overseas Travel Insurance
