ICICI LIFE STAGE PENSION PLAN
This is really good and beneficial plan which i have ever seen. Most of the ULIP Plans are collecting heavy amount for policy allocation. But this is plan for total investment option. All of your amount goes on investment portion. You can avail Tax Benefit also. You enjoy your life is same as "Government Employee" i.e you will get the permanent pension as per your desire.
Your money grows when the market performs well. Even the market is under performing still you will get good income compare to Traditional saving scheme such as Fixed Deposit,Post office...so on. This is better than the ELSS . In ELSS they will charge for entry load such as 2.25% whereas there is no entry load here.
Retirement time is the time to live your dream, dream that you have been putting off as you never had the time for it. But your retirement dream has a cost attached to it. We call this your retirement number.
To help you achieve your retirement number ICICI Prudential presents to you, LifeStage Pension.
One of the most distinguishing features of this policy is that it has no premium allocation charge for regular premiums which means 100% of your money is invested. What’s more, the policy provides you with a unique lifecycle-based strategy that continuously re-distributes your money across various asset classes based on your life stage and risk tolerance, eventually providing you with a customised retirement solution. Invest today to attain your retirement number and fulfill your dreams.
Benefits
• Option to choose a unique and personalised lifecycle based portfolio strategy to create ideal balance between Equity and Debt.
• This plan invests 100% of your money in the portfolio of your choice.
• Enjoy the flexibility to choose from 5 pension options through which you can receive your pension.
• Opportunity to earn potentially higher returns by investing in Unit Linked Funds.
• Receive tax-free commutation up to one-third of the accumulated value on vesting (retirement) date.
• Avail tax benefits on premiums paid u/s 80CCC.
Features
Minimum/Maximum Entry Age -18 years to 70 years
Maximum Cover Ceasing Age -80 years
Minimum/Maximum Policy Term-10 years to 62 years
Minimum/Maximum Vesting Age-50 years to 80 years
Premium Payment Frequency-Monthly, half-yearly, yearly
Minimum Premium-Rs. 15,000 p.a
Tax Benefit-Under Section 80CCC, as per prevailing Income Tax laws on premium paid for base policy
This is the best pension one should invest.In future we will get enormous return which is beyond comparable
Fund Performance
NAV(11.01.2008) : Rs.15.56/=
Last 3 Mths Return :9.27%
Last 6 Mths Returns :31.86%
Since Inception :55.60%
Let us say if you invested Rs.1,00,000/= on 20.03.2007,the value will be Rs.1,55,600/= as on 11.01.2008.
Feel free to add your comments my dear brothers and sisters.