- About Coverfox
ICICI Prudential Life Insurance Company Limited (ICICI Prudential Life) is one of the leading insurance providers based in India. It is a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited. In 2015, the insurer became the first insurer to hold assets of over Rs. 1,00,000 crore. The Assets Under Management (AUM) stood at Rs. 1,601.10 billion on 31st March 2019.
ICICI Prudential Easy Retirement is a unit linked pension plan which offers equity linked growth along with a safety net of capital protection. This plan comes with the dual benefit of equity participation and capital guarantee.
The features of this plan are:
The benefits of this plan are:
The eligibility criteria for this plan is:
|Premium payment modes|
|Min/Max age at entry|
|Min/Max age at vesting|
|Premium payment term (PPT)|
The documents required for this plan are:
This plan has the following exclusions:
If the Life Assured, whether sane or insane, commits suicide within one year from date of issuance of this policy, only the Fund Value, as available on the date of death, will be payable.
If the Life Assured, whether sane or insane, commits suicide within one year from date of revival of policy, only the Fund Value, as available on the date of death, will be payable.
The ICICI Pru Easy Life Retirement plan is an excellent investment option. This plan offers better returns by investing in a combination of equity and debt. This helps you counter inflation during those retirement years. Also, this plan provides capital guarantee on the money that you invest.
What is an annuity
Annuity is a fixed sum of money paid to a policyholder/nominee, typically for the rest of their life. The payment is made in equated monthly installments.
What are the annuity options available?
There are five annuity options available under this plan, namely Life Annuity, Life Annuity with Return of Purchase Price, Joint Life, Last Survivor without Return of Purchase Price, Joint Life, Last Survivor with Return of Purchase Price or Life Annuity guaranteed for 5/10/15 years and thereafter.
When does the pension start?
The pension can start from the minimum age of 45 years. The maximum age does not exceed 80 years.
How long does this policy last?
You have the option to select the length of the policy term: 10, 15, 20, 25 or 30 years.