ICICI Prudential Life Insurance Launches ‘ICICI Pru Signature Pension’
Varahi Media.com online news, Mumbai, August 29, 2024: ICICI Prudential Life Insurance has introduced the ‘ICICI Pru Signature Pension,’ a market-linked
Varahi Media.com online news, Mumbai, August 29, 2024: ICICI Prudential Life Insurance has introduced the ‘ICICI Pru Signature Pension,’ a market-linked pension product designed to help customers build a cost-efficient and tax-effective retirement plan.
This innovative product provides 100% equity exposure and allows unlimited free switches between equity, debt, and balanced funds, maximizing returns and capitalizing on India’s growth story.
Key Features:
- New Funds: Two new offerings – ICICI Pru Pension India Growth Fund and ICICI Pru Pension Balanced Fund.
- Flexibility: Option to advance or postpone the income start date, catering to early retirement goals or extending income post-retirement.
- Tax Efficiency: Up to 60% of accumulated savings can be withdrawn tax-free at the end of the policy, with the remainder used to purchase an annuity for lifelong income.
- Add-on Benefits: Waiver of premium for critical illness or permanent disability, partial withdrawals, and top-ups to enhance retirement savings.
Commitment to Excellence: ICICI Prudential Life’s commitment to customer satisfaction is evident in its industry-leading claim settlement ratio of 99.17% in FY2024, with an average settlement time of just 1.27 days.
For more information, visit www.iciciprulife.com.
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