ICICI Pru PremierLife Pension:

For those of you who want to continue to live in the luxury that you have become used to, without depending on anyone else, ICICI Pru PremierLife Pension is the answer to your question. 

This is the perfect explanation that will answer all your fears and insecurities of retirement.

You are needed to pay your premiums only for a confined duration.  You are required to pay your premiums either for a minimum of three years or five years. 

That will be decided according to the sum assured that you have chosen and the age at which you have bought the policy.

This plan helps in enlarging your investment by supplying it with top up additions whenever applicable.  In this way your investment becomes accumulated and after retirement it will provide you with an income.

If you have any difficulty in paying your premiums, after you have completed two years of the policy term, you are allowed to decrease your premium amount to the minimum amount that is allowed in this plan.

Suppose you wish to invest an additional amount other than the regular premiums that you have been paying all along, you can do so too.  These are called as premium top ups.

You have a special right to elect when you wish to receive your pension from the policy.  You can choose any age between fifty years to eighty years to your convenience.

This plan has seven investment funds available.  You can shift from one investment fund to another, according to which is more profitable for you, at any time during the policy term.  But you are not allowed to shift for more than four times during the term.

There are five pension options available.  You can choose which is beneficial for you to get your pension from.

This policy allows you to enjoy tax benefit pertaining to the laws of the Income Tax Act, 1961.

In a nutshell, this policy is specially designed to keep you one step ahead of the other retired people by its advantages and benefits.