ICICI Prudential Life Insurance launches ICICI Pru Guaranteed Pension Plan Flexi with Benefit Enhancer.
Bareilly: ICICI Prudential Life Insurance has launched the ICICI Prudential Guaranteed Pension Plan Flexi with Benefit Enhancer, the first pension plan in the industry to offer customers the option of getting a 100% refund of the premium paid at any time from the date of purchase. It has started.
This product has numerous features that address all of your customers' retirement planning concerns. Customers can choose from a variety of annuity options, including: B. A single living option where your income is paid throughout your life, or a joint living option where your income is paid to your spouse, children, etc. after you die. Parent or sibling – known as the secondary pensioner. In particular, the "cohabitation" option is linked to the "insurance premium exemption" option. With this feature, in the unfortunate event of a customer's death, all future premiums are waived and the secondary annuitant receives a guaranteed regular income for life.
Retirement planning is a non-negotiable goal, and unforeseen financial emergencies can jeopardize this goal. To help customers weather unexpected financial obligations, the product provides credit facilities that allow customers to continue investing in the product and meet their retirement planning goals. Importantly, this product complies with proposed regulations aimed at ensuring that customers receive a fair and reasonable surrender value, particularly when terminating a policy early.
Mr. Amit Palta, Chief Sales Officer, ICICI Prudential Life Insurance, said: their retirement. What's special about this annuity product is the flexibility of getting a 100% refund of the premiums paid at any time if you are unable to pay the premiums. This industry-first feature builds on regulators' proposals and our belief that insurance products should not only guide customers toward long-term savings, but also provide an exit route for customers facing financial constraints.
It's in line with. This product guarantees a lifetime income and ensures financial independence in your golden years. In particular, the waiver of premium benefits ensures continuity of income for the spouse in the event of the unfortunate death of the policyholder. With longer life expectancies, changing family structures, and rising medical costs, individuals need to plan for their retirement with products that provide guaranteed lifetime income. ICICI Pru Guaranteed Pension Plan Flexi provides customers with the security they need to live a financially secure life in retirement. ”
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