Retirement Plans
What is retirement insurance?
Retirement insurance ensures that you or your family members receive a regular pension amount post a retirement date. You have the flexibility to choose the retirement date and the manner in which you receive the pension.
Retirement Plans
1) ICICI PRU FOREVER LIFE
A Quick Look
ICICI Prudential Life Insurance presents ICICI Pru Forever Life. A regular premium deferred pension plan that provides the security of life cover during the Accumulation Phase and offers five ways to get your pension, after retirement. When you retire, you can still continue doing things you have always enjoyed. After all, you would like to retire from work, not life.
Special Feature
A Quick Look
ICICI Prudential Life Insurance presents ICICI Pru Forever Life. A regular premium deferred pension plan that provides the security of life cover during the Accumulation Phase and offers five ways to get your pension, after retirement. When you retire, you can still continue doing things you have always enjoyed. After all, you would like to retire from work, not life.
Special Feature
- Life Annuity
- Life Annuity with Return of Purchase Price
- Life Annuity Guaranteed for 5/10/15 years
- Joint Life Last Survivor with Return of Purchase Price
- Joint Life Last Survivor without Return of Purchase Price
2) LIC JEEVAN NIDHI
Jeevan Nidhi Plan is a with-profits plan which provides for death cover during the deferment period and on survival to the date of vesting, the maturity proceeds are compulsorily to be used for purchase of annuity
Benefit On Vesting :
Provided the policy is in full force, Sum Assured under the Basic Plan along with accrued Guaranteed Additions, vested Simple Reversionary Bonuses and Terminal Bonus, if any, will compulsorily be converted into annuity. There is an option to commute up to 1/3rd of Sum Assured under the Basic Plan together with accrued Guaranteed Additions and Bonuses. If commutation is exercised then the annuity is payable for the balanced amount.
Benefit on death before annuity vests :
On death of the Life Assured during the deferment period of the policy an amount equal to the Sum Assured under the Basic Plan along with accrued Guaranteed Additions, vested Simple Reversionary Bonuses and Terminal Bonus, if any, shall be payable in a lump sum to the appointed nominee provided the policy is in full force.
Jeevan Nidhi Plan is a with-profits plan which provides for death cover during the deferment period and on survival to the date of vesting, the maturity proceeds are compulsorily to be used for purchase of annuity
Benefit On Vesting :
Provided the policy is in full force, Sum Assured under the Basic Plan along with accrued Guaranteed Additions, vested Simple Reversionary Bonuses and Terminal Bonus, if any, will compulsorily be converted into annuity. There is an option to commute up to 1/3rd of Sum Assured under the Basic Plan together with accrued Guaranteed Additions and Bonuses. If commutation is exercised then the annuity is payable for the balanced amount.
Benefit on death before annuity vests :
On death of the Life Assured during the deferment period of the policy an amount equal to the Sum Assured under the Basic Plan along with accrued Guaranteed Additions, vested Simple Reversionary Bonuses and Terminal Bonus, if any, shall be payable in a lump sum to the appointed nominee provided the policy is in full force.
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3) ICICI PRU IMMEDICATE ANNUITY PLAN
A Quick Look
In your golden years worries about security and comfort become greater. Presenting ICICI Pru Immediate Annuity from ICICI Prudential, a plan that gives you the benefit of life time income. With this unique plan, you can start getting your annuity immediately after paying the premium.
Special Features
A Quick Look
In your golden years worries about security and comfort become greater. Presenting ICICI Pru Immediate Annuity from ICICI Prudential, a plan that gives you the benefit of life time income. With this unique plan, you can start getting your annuity immediately after paying the premium.
Special Features
- Life Annuity
- Life Annuity with Return of Purchase Price
- Joint Life, Last Survivor without Return of Purchase Price
- Joint Life, Last Survivor with Return of Purchase Price
- Life Annuity guaranteed for 5/10/15 years and thereafter
4) LIC JEEVAN AKSHAY VI
LIC 's Jeevan Akshay-VI (Plan-189) is a Immediate Annuity plan.
Type of annuities available
Various annuity options available under the Plan are as under:
LIC 's Jeevan Akshay-VI (Plan-189) is a Immediate Annuity plan.
Type of annuities available
Various annuity options available under the Plan are as under:
- Annuity for life
- Annuity guaranteed for 5, 10, 15 or 20 years and for life thereafter
- Annuity with return of purchase price
- Annuity for life increasing at a simple rate of 3% p.a.
- Annuity for life with a provision for 50% of the annuity to the spouse of the annuitant for life on death of
the annuitant. - Annuity for life with a provision for 100% of the annuity to the spouse of the annuitant for life on death of the annuitant
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5) ICICI PRU LIFE LINK PENSION SP (Market Link Plan)
A Quick Look
ICICI Pru LifeLink Pension SP is a single premium pension policy that provides you the opportunity to enjoy regular income as pension post retirement by paying just a single premium. This product comes with the Pension Return Guarantee Fund (PRGF) that provides you a minimum guaranteed return by way of a guaranteed NAV at the time of vesting(Conditions Apply*). The policy value at date of vesting is also subject to the minimum guaranteed return as prescribed by IRDA from time to time.
Special Features
A Quick Look
ICICI Pru LifeLink Pension SP is a single premium pension policy that provides you the opportunity to enjoy regular income as pension post retirement by paying just a single premium. This product comes with the Pension Return Guarantee Fund (PRGF) that provides you a minimum guaranteed return by way of a guaranteed NAV at the time of vesting(Conditions Apply*). The policy value at date of vesting is also subject to the minimum guaranteed return as prescribed by IRDA from time to time.
Special Features
- Single premium ULIP
- Five pension options
- Flexible retirement date
- Loyalty Addition
- Tax benefits
6) LIC PENSION PLUS (Market Link Plan)
LIC's Pension Plus is a unique ULIP plan where the minimum rate of interest is guaranteed. Thisplan is excellent investment towards essential long term financial planning. Pension Plus is in compliance with the current IRDA norms. Pension Plus is truly an innovative plan that suits your needs just too perfectly
LIC's Pension Plus is a unique ULIP plan where the minimum rate of interest is guaranteed. Thisplan is excellent investment towards essential long term financial planning. Pension Plus is in compliance with the current IRDA norms. Pension Plus is truly an innovative plan that suits your needs just too perfectly
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