ICICI Prudential Life Insurance launched ICICI Pru Gold Pension Savings, a tax efficient pension product that enables customers to make systematic contributions and build the desired retirement corpus to lead financially independent retired lives.
India’s first product offers capital safety, complimentary health check-ups, and partial withdrawals, allowing customers to withdraw up to 25% of contributions after three years, meeting liquidity needs and ensuring customer satisfaction. Besides, the annual bonus, as and when declared,has the potential to further bolster the corpus and consequently the annuity. Mr. AmitPalta, Chief Distribution Officer, ICICI Prudential Life Insurance, said, “ICICI Pru Gold Pension Savings is a testament to our commitment to empower customers to achieve their retirement aspirations.
The product aligns with the Company’s strategy of offering innovative life insurance solutions that cater to the evolving financial landscape and individual needs.” ICICI Pru Gold Pension Savings product empowers customers, upon maturity to withdrawup to 60% of the accumulated savings and receive guaranteed regular life-long pension from the balance amount, enabling financial freedom during the golden years.
