Leading life insurer ICICI Prudential Life Insurance recently introduced retirement solution having the scope of increasing the regular income option. According to a statement shared by the insurer on Tuesday, May 25, ICICI Prudential’s new retirement solution involves the combination of two variants of its ‘Guaranteed Pension Plan’. It is a customised retirement solution with increasing income, in order to meet the rising costs of living, said the insurer. (Also Read: Exide Life Launches ‘Guaranteed Wealth Plus’ Insurance Plan: Check All Features )
According to ICICI Prudential Life Insurance, the new retirement solution provides customers with increasing regular income which doubles after a period of five years and triples after the 11th year. This is likely to shield the policyholders against the rising costs of living.
On Tuesday, May 25, shares of ICICI Prudential Life Insurance settled 4.02 per cent lower at Rs 531.05 apiece on the BSE.
This copy is being updated