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Tuesday, May 3, 2016

Surrender value of Lifestage Pension Plan

 

Surrender value of Lifestage Pension Plan

ICICI Lifestage Pension Plan is an Unit Linked Pension plan, which has insurance and investment elements in it

 

ICICI Lifestage pension plan is an Unit Linked Pension plan, which has insurance and investment elements in it. If you have paid three years' premium and going to surrender it after five years, you will get 96% of the fund value as surrender value after the deduction of all applicable charges. For detailed information about the value, you should contact your insurer.

 

Do not buy insurance products for investment purpose in future. Abandoning them midway will cost you. Always invest in equity mutual fund schemes to achieve your long-term financial goals. If you are looking for a life insurance cover, buy a pure term plan.

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