ICICI Prudential Life Insurance launches Unit Linked pension Plan. ICICI Pru Shubh Retirement helps you build corpus through investing in equity.
Features at glance:
On maturity/vesting, Policy holder will get assured benefit or fund value, whichever is higher. Since this is pension plan, policy holder will have the option to receive 1/3rd of the fund and rest of the fund will be utilized for annuity.
In case, policy holder dies while policy is in force, nominee will receive Guaranteed Death Benefit or the Fund Value, whichever is higher. Guaranteed Death Benefit will depend on your premium mode, investment option and term.
From 10th policy year, policy will be eligible for loyalty addition. LA will be added every year post 10th policy anniversary.
Option to choose from 3 funds:
Eligibility conditions and restrictions
Policy Term and premium Paying Term: