Life Stage Pension Plan- ICICI Pru Life unit-linked retirement planICICI Prudential Life Insurance launched a unit-linked insurance product 'LifeStage Pension Plan'. It is a unit linked retirement product.
Apnainsurance.com Research Bureau
24 Dec 2007
ICICI Prudential Life Insurance launched a unit-linked insurance product (ULIP) 'Life Stage Pension Plan'. It is a unit-linked retirement product. There are no premium allocation charges for regular premiums under this scheme. This means 100 per cent of the money will be invested in the market.
The plan gives an option of automatic asset allocation under lifecycle strategy as well as quarterly re-balancing by means of capital protection at maturity. This is will help the investors to create a good retirement corpus and can plan out their retirement accordingly.