Get 8X Returns with ₹1 Crore Life Cover and Guaranteed Benefits

Policy Information:
Age: 45 years
Sum Assured (SA): ₹1 Crore
Premium Paying Term (PPT): 10 years
Policy Term (PT): 40 years
Annual Premium (AP): ₹2 Lakhs
Benefits at 8% Return:
Loyalty Additions: ₹5,60,000
Wealth Boosters: ₹20,00,000
Return of PAC (Policy Administration Charges): ₹60,000
Return of Mortality Charges: ₹10,68,154
Fund Value at 8%: ₹1,74,35,094
Give: ₹20,00,000 (total premium paid over 10 years)
Get (Maturity Benefit): ₹1,74,35,094
Give to Get Ratio: 8.72x
This policy seems to be a long-term investment insurance product where the policyholder contributes ₹2,00,000 per year for 10 years, and over the course of 40 years, the maturity value could reach ₹1,74,35,094 at an assumed return of 8%.

ICICI Prudential Pension Fund: 5 Essential Pros and Cons for Savvy Investors

When it comes to planning for retirement, the ICICI Prudential Pension Fund within the National Pension System (NPS) offers a compelling option for investors seeking long-term financial security. This quick guide explores seven essential pros and cons of choosing ICICI Prudential as your Pension Fund Manager.

On the positive side, you’ll discover the fund’s strong historical performance, diverse investment options, and tax benefits that enhance your retirement savings. However, it’s equally important to consider potential drawbacks, such as market risks and fees associated with management.

Whether you’re a seasoned investor or just starting, this guide will equip you with the insights needed to make an informed decision about your retirement planning.