ICICI Prudential Life
Launches Pension Product

DUBAI - India’s ICICI Prudential Life Insurance Company on Wednesday announced the launch of LifeStage Assure Pension for the non-resident Indians in the UAE.

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Published: Fri 17 Jul 2009, 1:23 AM

Last updated: Thu 2 Apr 2015, 7:36 AM

The insurance firm is a joint venture between ICICI Bank, India’s second largest bank with assets worth $95 billion, and Prudential plc, one of the leading international financial services group headquartered in the United Kingdom, holding 74 per cent and 26 per cent stakes respectively.

LifeStage Assure Pension is a market linked pension plan that assures additions of up to 200 per cent of their first year premium, giving investors a start towards accumulating for their retirement kitty. “In order to have a financially secure retired life, it is essential that we start saving from today. We are providing a simple yet effective gateway for consumers to invest towards building their retirement kitty,” ICICI Prudential Life Insurance Senior Vice President & Head of Sales Anup Rausaid at the launch.

“Unique features such as guaranteed additions help consumers to start investing immediately and not postpone their retirement planning decisions to a later date when the markets are on an upswing,” Rau said. Research has shown that a very few Indians are saving or have saved enough money to live through their retirement.

abdulbasit@khaleejtimes.com



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