ICICI Prudential, which is a joint venture between ICICI bank and Prudential Plc, announced the launch of a unit linked insurance plan called “Easy Retirement”. This unit linked insurance plan, which helps customers to accumulate their retirement funds, protect the customer’s capital against adverse market conditions by a capital guarantee feature.
In addition to the above, this plan, which is also cost effective, allows its customers to identify their equity exposure according to their risk taking capacity. Customer can also move from one plan to another under the “Easy Retirement” thereby enabling them to maximize their return.
Customers can purchase this plan online. This plan also offers its customers the facility of comparing the products, thereby helping them to take informed decision.
According to Mr. Puneet Nanda, Executive Director of the company, this new plan is in compliance with the revised guidelines issued by the market regulator Insurance Regulatory and Development Authority (IRDA) and helps customers to build the capital for their retirement life in a well-situated manner.