Innovative retirement solution

Mumbai, Jun 06: ICICI Prudential Life Insurance has introduced an innovative retirement solution by combining two variants of its popular ‘Guaranteed Pension Plan’, which offers a guaranteed return on investments. This solution provides customers with increasing regular income that doubles after five years and triples after the 11th year, thereby shielding them against the rising cost of living.
In recognition of the innovative and industry-first features offered by the Company’s ‘Guaranteed Pension Plan’, it has been voted by consumers as ‘Product of the Year – Retirement and Pension Plans’ category. Product of the Year (POY) is the world’s largest consumer-voted award for product innovation in their respective categories.
Amit Palta, Chief Distribution Officer, ICICI Prudential Life Insurance, said, “We are delighted that consumers have voted Guaranteed Pension Plan as ‘Product of the Year’. We believe, the industry-first features of this product resonated very well with consumers and is a testimony of our approach to developing innovative products. It is imperative that customers plan for their retirement and the solution offered by the ‘Guaranteed Pension Plan’ enables customers to receive increasing regular income and lead a financially self-sufficient retired life.”