Ageas Federal Life Insurance Launches Golden Years Pension Plan for Secure Retirement Future
Ageas Federal Life Insurance has recently launched a new pension plan called the ‘Golden Years Pension Plan’ that aims to provide a comprehensive solution for securing the financial futures of policyholders during their retirement years. The plan is a Unit Linked, Non-Participating, Individual Pension Plan specifically designed to provide financial stability during retirement.
One of the key features of the plan is the Early Investment Booster, which provides additional allocations to encourage early retirement planning for individuals aged 18-35. Additionally, the Golden Waiver of Premium feature helps in retirement corpus accumulation for policyholders’ loved ones even after their demise.
The plan allows entry ages of 18-70 years for the Classic Option and up to 60 years for the Golden Waiver of Premium Option. It also offers flexibility in choosing premium payment options and gives a guaranteed loyalty booster to boost investment.
The Bluechip Pension Fund, which is part of the plan, invests in listed equities with the aim of generating high returns by investing in established and emerging blue-chip stocks with a good track record. This fund diversifies risk by investing across multiple sectors, making it an attractive choice for retirement planning.
The plan is suitable for early retirement planners, retirement security seekers, beneficiaries seeking protection, flexible retirement investors, and long-term equity investors. As a limited time offer, the Bluechip Pension Fund is being launched with a flat NAV of Rs 10 per unit, providing investors an opportunity to enter at an attractive price level.
Khushali Girish, Deputy Vice President & Head of Products of Ageas Federal Life Insurance, expressed excitement about the launch of the Golden Years Pension Plan, stating that it is meticulously crafted to cater to the unique retirement needs of Indian customers. She highlighted the innovative features of the plan, such as the Early Investment Booster and the Golden Waiver of Premium option, which aim to provide peace of mind and security to policyholders and their loved ones.
Overall, the Golden Years Pension Plan aims to provide steady returns through active management, diversification, and a blend of growth and value investing, making it a valuable option for individuals planning for their retirement.