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Get the free Benefit Illustration of ICICI Pru LifeTime Pension Maxima

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This document provides a detailed illustration of benefits, charges, and expected growth for the ICICI Pru LifeTime Pension Maxima policy, including various scenarios for investment returns.
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How to fill out benefit illustration of icici

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How to fill out Benefit Illustration of ICICI Pru LifeTime Pension Maxima

01
Obtain the Benefit Illustration form from ICICI Pru's website or your financial advisor.
02
Fill in your personal details, including your name, age, and contact information.
03
Select the premium payment term and the amount you wish to invest in the policy.
04
Choose the retirement age at which you wish to begin receiving benefits.
05
Input any additional riders or benefits you wish to include in the illustration.
06
Review the projected benefits based on different scenarios such as market conditions.
07
Sign the document and submit it to your financial advisor or directly to ICICI Pru.

Who needs Benefit Illustration of ICICI Pru LifeTime Pension Maxima?

01
Individuals planning for retirement who want to understand their pension options.
02
People seeking to ensure a steady income post-retirement.
03
Financial advisors helping clients make informed decisions about pension plans.
04
Employers providing pension schemes for their employees.
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People Also Ask about

The main disadvantage of ICICI Prudential Life Insurance Company Ltd lies in its exposure to market volatility, particularly in the performance of its Unit Linked Insurance Plans (ULIPs). Fluctuations in the financial markets can impact returns, affecting customer satisfaction.
Surrender value is the amount of money that you will receive in case you surrender your policy. The surrender value of ICICI Prudential life insurance is calculated as a Single premium multiplied by 75% of the outstanding term to maturity/ total term.
Here are eight reasons why you should invest in the ICICI Pru LifeTime Classic plan: Choice of four portfolio strategies1 Choice of protection level. Choice of funds to invest. Free fund switches. Additional protection. Loyalty additions. Wealth boosters. Tax benefits.
ICICI Prudential Value Direct Growth Fund Performance: The fund's annualized returns for the past 3 years & 5 years has been around 22.64% & 26.44%. The ICICI Prudential Value Fund comes under the Equity category of ICICI Prudential Mutual Funds.
Key Benefits Life Insurance Cover1 for the financial security of your family. Option of Premium Break2 to defer premiums by 12 months. 15%3 lower premiums for women. 12% online discount4 on first year premiums. 7% loyalty discount5 on first year premiums for existing customers.
ICICI Prudential laid its foundation with the value of customer-centricity wherein it offers long-term savings and protection products to meet the different life stage requirements of the customers. The company has consistently been among the top companies in the Indian Life insurance sector.
Some important benefits of the ICICI Term plan include increased life coverage, coverage against 34 critical illnesses, and tax savings. ICICI Term Insurance plans also offer flexible premium payment options, high claim settlement ratios, and the convenience of online purchase.

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The Benefit Illustration of ICICI Pru LifeTime Pension Maxima is a document that outlines the projected benefits and returns from the pension plan, presenting various scenarios based on different investment assumptions.
The Benefit Illustration must be filed by the insurance agent or financial advisor when presenting the policy details to potential customers.
To fill out the Benefit Illustration, an agent should gather relevant client information, input premium amounts, tenure, and desired retirement age, and then generate scenarios showing projected values using the provided templates and assumptions.
The purpose of the Benefit Illustration is to provide potential policyholders with a clear understanding of the policy's features, benefits, and projected returns to assist them in making informed financial decisions.
The Benefit Illustration must report information such as premium amounts, policy term, expected returns, the projected maturity benefit, pension payout options, and any fees or charges associated with the policy.
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