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The opinions expressed herein are my own personal opinions and do not represent my employer's view in anyway.
© Copyright 2012

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IDBI Federal Life Insurance one of the leading insurer in India has launched retiresurance guaranteed insurance plan. Its plan which comes with unique twin benefits of guaranteed accumulation with attractive annuities. 

Retiresurance Guaranteed Pension Plan is a non participating traditional deferred pension plan designed to help customers secure their lifestyle post retirement guaranteed.  

It is plan that helps customers not only to accumulate money for peaceful retirement but also guarantees a steady growth on investment. Every premium payment has guaranteed returns which helps to create corpus. Returns are linked to the prevailing G Sec rate that allows customer to know the exact maturity for each premium. 

Advantages of Retiresurance Guaranteed Plan:  

Every time you pay an instalment premium, a Guaranteed Maturity Value will be established for that installment premium, to be payable on survival to the vesting date of the policy. 

In addition to the guaranteed maturity value, plan will offer guaranteed loyalty additions for each installment premium paid. The Guaranteed Loyalty Additions will accrue and will be payable on the vesting date of the policy. 

It is a flexible insurance plan allows to modify your plan as per your changing needs. You can make changes in your vesting date, premium payment term, policy term, your current plan etc. 

Retiresurance Guaranteed Pension Plan provides customers attractive tax benefits. Premiums under the policy are eligible for tax deductions under section 80 ccc. Under sec 10(10A), the tax benefits are on any payment in commutation of pension received from a fund under Clause (23AAB) of Sec 10.  

You can enroll for the IDBI Federal Retiresurance Guaranteed Pension Plan without any hassles of medical check ups and long procedures.

India has world’s largest young population. Almost 60 to 70 per cent of the Indian population constitutes of people below 39 years which also has high consumption potential. With rising life expectancy and growing lifestyle diseases generation should plan to save not only for their immediate future but for post retirement life as well.

Know more about IDBI’s Fedral’s Insurance Plans.

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May 22. 2012 00:10

 

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