Retiresurance from IDBI Fortis
Retiresurance Pension Plan from IDBI Fortis Life Insurance is a Unit Linked Insurance Plan that helps to meet your financial needs during retirement. The plan helps you to save for your retirement period and build your wealth. The Plan offers several choices and is exceptionally flexible to suit your money saving and investment preferences. The plan offers you a monthly paycheck for life after retirement.
Benefits of Retiresurance:
- Offers multiple investment options with flexibility to meet your changing requirements.
- Allows you to choose the investment option – You can choose from a wide range of investment options to match your investment style and grow your retirement corpus.
- Offers convenient premium payments options with flexibility to meet your changing requirements – You can choose the amount, frequency of payment and payment term for your plan. You have the flexibility to change the premium amount when you desire.
- Requires no premium allocation charges – Your entire premium amount gets allocated to investment option you choose.
- Offers full flexibility – You have the flexibility to change your investment options from time to time according to the market conditions. You have the flexibility to change your future premium allocations as many times as you need. You also have the flexibility to prepone or postpone your vesting date.
- Offers TAX benefits – Your premium is eligible for tax deduction under Section 80CCC and one third of the retirement corpus is commuted tax free under Sec 10(10A).
- Offers Guaranteed Loyalty Additions to boost your retirement savings – The plan increases your funds through Guaranteed Loyalty Additions at the end of specific terms to reward you and to grow your wealth faster.
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