ICICI Prudential Life Insurance Company, a joint venture between ICICI Bank and Prudential Plc, has launched "LifeStage Assure Pension" (LAP) plan here on Wednesday.
The new pension plan assures guaranteed additions up to 200 per cent of the first year premium, liquidity in the form of partial withdrawals, regular income post retirement and bonus units from sixth policy year onwards.
Consumers can commence their investment in the LAP with a minimum premium of Rs 15,000 per annum and enjoy a policy term from 15 to 62 years.
The entry age is from 18 to 70 years, the company's senior Vice President and Sales Head, Anup Rau, told mediapersons.
