During your earning years, you have worked hard and built a life for yourself and your family. A life full of dreams, achievements and happiness.

As you retire, you may have a new set of dreams that you would want to fulfil, such as setting out to experience new things in life or spending quality time with your loved ones. You may also have some responsibilities that you would want to take care of, such as your child’s wedding or higher education, or financial security of your spouse. It is important to ensure that you invest in the right plan, one that can help you take care of your post-retirement dreams and responsibilities.

There are various plans for investment after retirement that can cater to your various financial needs. Let us understand this in detail.

Investment plans for your retirement

Annuity plans

You may have post-retirement dreams such as traveling, pursuing a hobby, starting a new venture, and more. Annuity plans provide you with a guaranteed1 regular income that can help you fulfil your post-retirement dreams.

ICICI Pru Guaranteed Pension Plan is one such annuity plan that provides you a regular guaranteed1 income for life. You can choose to receive the income immediately after the purchase of the plan, or at a later age. The plan also provides an option for guaranteed1 regular income for your spouse in case something happens to you.

The premiums paid towards the plan are allowed as deduction up to ₹ 1.5 lakh per annum under Section 80C^ of The Income Tax Act, 1961

1T&Cs apply

 

 

Guaranteed3 income plans

Guaranteed3 income plans provide a guaranteed3 income after a duration chosen by you. You can consider investing in a guaranteed3 income plan to take care of your financial responsibilities.

ICICI Pru Guaranteed Income For Tomorrow is one such plan that can be a suitable investment for your retirement. It provides you with guaranteed3 returns that are decided at the time of the purchase of the plan. You can choose to receive this amount starting as early as the following year from the purchase of the plan.

ICICI Pru Guaranteed Income For Tomorrow also provides a life cover4 that secures your loved ones financially in case of an unfortunate event. You can choose to pay premiums towards the plan monthly, half-yearly, yearly or all at once as per your convenience. The plan also offers tax benefits^ as below:

  • The premiums paid towards the plan are allowed as deduction up to ₹ 1.5 lakh per annum under Section 80C^ of The Income Tax Act, 1961
  • The payouts received from the plan are also tax free under Section 10(10D)^

3T&Cs apply

 

ULIPs

You may want to invest for your child’s wedding or for the future financial needs of your spouse. You can consider investing in a Unit-Linked Insurance Plan (ULIP) that provides you with market-linked returns. You can choose to invest in equity, debt or balanced funds as per your choice.

ICICI Pru Signature is one such ULIP that provides multiple fund options to choose from. You can also switch between the funds without any additional cost. The plan offers a life cover that can secure your loved ones in case of an unfortunate event. You can choose to pay the premiums monthly, half-yearly, yearly or all at once as per your convenience. The plan also offers tax benefits^ as below:

  • The premiums paid towards the plan are allowed as deduction up to ₹ 1.5 lakh per annum under Section 80C^ of The Income Tax Act, 1961
  • The payouts received from the plan are also tax free under Section 10(10D)^

Conclusion

Investing after retirement is important to meet your post-retirement goals. You can choose to invest in a plan that provides you market-linked returns or guaranteed3 returns, as per your goal and requirements. Choose the right plan that suits your needs and start investing.

3 T&Cs apply

 

 

 

People like you also read ...

1 Annuity will be payable in arrears. The frequency of annuity payments can be monthly, half-yearly, quarterly or annually as chosen by the annuitant at the time of purchasing the annuity. The annuity amount chosen at policy inception is guaranteed for life.

^ Tax benefits under the policy are subject to conditions under Section 80C, 80D, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.

3 A guaranteed lump sum or regular income will be payable based on the plan option selected.

4 Life Cover is the benefit payable on death of the life assured during the policy term

ICICI Pru Guaranteed Pension Plan (UIN: 105N181V02)

ICICI Pru Guaranteed Income For Tomorrow (UIN: 105N182V05)

ICICI Pru Signature (UIN: 105L177V03)

W/II/0288/2022-23

Back to Top