Best retirement plan from ICICI
Sat, 02/26/2011 - 01:54 — deepak
Hi, I want to have a best retirement plan. I heared that ICICI does this. can anybody help??
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Pension Planning is the most
Pension Planning is the most important aspect of Financial planning, hence care should be taken to choose a right mix of plans.
Since you have heard of ICICI, I would like to mention the Pension Plan of ICICI before suggesting you what is right?
ICICI Prudential's LifeTime Super Pension policy is designed to help a person to systematically save towards retirement.
LifeTime Super Pension Plan is a plan that delivers value only in the long run. A regular-premium unit-linked pension policy, LifeTime Super Pension ensures you earn a fixed income, for your entire life after retirement.
For more details you may visit http://bit.ly/fd6mOt
However, as a Financial Planner I would suggest that you also have a look at the new pension scheme which has the lowest charges. The UNIT linked plans like the one above of ICICI usually have fund management and administrative charges which eats into your final returns.
The money has to go to market weather you buy ULIP or you buy NPS...the difference is in charges and the fund management ability of the fund managers.
I hope the above helps.
Harbinder S Mehra(Haru)