ICICI Prudential Easy Retirement Plan is a Unit Linked Pension Plan which provides regular annuity payouts post vesting so that there is income provision after retirement
Peaceful Post-Retirement Life
Tax Free Regular Income
Wealth Generation to beat Inflation
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
35 years |
70 years |
Vesting Age (Last Birthday) |
45 years |
80 years |
Policy term (in years) |
10 |
30 |
Premium Paying Term (in years) |
5, 10 or equal to policy term |
|
Premium Paying Frequency |
Yearly, half-yearly, monthly |
|
Premium |
48,000 |
No limit |
People also read: pension plan
Annual Premium in Rupees and benefit illustration for a term of 20 years and PPT 5 years
Age |
40 years |
Premium |
50,000 |
Assured Benefit |
252,500 |
Accumulated savings @ 4% |
373,425 |
Pension Booster Returns @ 4% |
17,640 |
Expected Annual Annuity Payout @ 4% |
10,601 |
Accumulated savings @ 8% |
738,242 |
Pension Booster Returns @ 8% |
34,307 |
Expected Annual Annuity Payout @ 8% |
49,323 |
People also read: NPS Calculator
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ