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 Home > Retirement > LifeTime Super Pension > Features and benefits of LifeTime Super Pension Plan Lifetime Super Pension
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Features and benefits of LifeTime Super Pension
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Features and benefits of LifeTime Super Pension Plan

Pension Plans

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ICICI Prudential's LifeTime Super Pension policy is a regular-premium unit-linked pension policy. When you invest in this policy, you provide yourself with a guarantee that you will enjoy a fixed income-even when you are no longer working.

Take a look at the additional features of ICICI Prudential's LifeTime Super Pension policy:

5 annuity options: Pick one option based on how long you want your annuity to last and the extent of coverage you want.

7 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. 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.

2 variations of Sums Assured: Opt for a Zero Sum Assured or a Sum Assured that can be chosen between a minimum of Rs. 1 lakh and maximum of the annual premium multiplied by the policy term.

Tax benefits: Receive up to one-third of the accumulated value as a tax-free lumpsum on your retirement day. Also enjoy tax benefits on the premiums you pay (under u/s 80 CCC) and tax exemptions on death benefits [under u/s 10 (10 D)].

 

If you would like to know more about this plan, please click here for our advisor to contact you!

 

 

 

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