ICICI Prudential launches retirement plan

ICICI Prudential Life Insurance today launched a new unit-linked pension product ICICI Pru Shubh Retirement.

The product aims at protecting the customer's capital while capturing potential superior returns offered by equity as an asset class with funds being invested in a combination of debt and equity, the company said in a statement.

The product would enable consumers to build a corpus during their working years and receive assured regular pension post retirement, company's Executive Director Puneet Nanda said.

This pension product can be purchased by customers in the age bracket ranging from 35 to 70 years and customers can choose a premium paying term of five or 10 years.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Time for banks to pass on RBI rate cuts to stakeholders of the economy

    Reserve Bank of India’s decision to cut the repo rate by 25 basis points, from 7.75 to 7.50, is a move in the right direction.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

The making of a digital Bharat

Exactly 20 years ago, Nicholas Negroponte of MIT Media Labs ...

Zehra Naqvi

For the love of language

A video doing the rounds in social media these days ...

Dharmendra Khandal

‘Poop’ coffee anyone? If civets suffer, so be it

That a drink which proudly associates itself with animal poop ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture