ICICI Pru Life Time Super Pension:

The ICICI Pru Life Time Super Pension assists you in saving successfully for your retirement.  What you are able to save prior retirement will answer for after you have retired. 

Since you have bought this policy, you will not have to depend on anyone financially and you will be in a position to stand on your own feet.

The ICICI Pru Life Time Super Pension offers many advantages
Premiums on monthly, half yearly, or annually can be chosen by the holder but one should strictly adhere to the payment terms once selected. Under this plan one will receive a regular income after retirement even though one is no longer employed.

The plan provides the facility of an annuity.  On retirement you will get a lump sum amount of your investment. One can either invest a part of it in any annuity of one’s choice or another policy of ICICI or any other policy of another insurance company. 

Annuity can be chosen according to your goals and the scope of coverage that you require.

There are seven investment funds available under this plan depending on the intentions and plans for the future.  The various investment funds are Flexi-growth, R.I.C.H., Multiplier, Flexi-Balanced, Balancer, Protector, and Preserver. 

One can shift the investment from one fund to the other depending on more profit.  The shifting of funds can be anytime at least four times a year free of cost.  For further shifting of funds you will have to pay a charge of rupees hundred.

There are two options of sum assured one can receive from this plan.  You can choose to have no sum assured at the time of maturity, or your sum assured will be calculated as rupees one lakh on a minimum and the maximum would be your regular annual premium multiplied by your policy term. 

This is the best retirement plan for any person opting to live a free and independent retired life.