Should I continue with ICICI LifeTime Pension plan ?

POSTED BY Amol ON December 5, 2013 8:33 am COMMENTS (3)

I invest every year 10000 in ICICI LifeTime Pension plan under Pension Maximiser Fund  for retirement. My age 35  yrs. I have opened this ULIP back in 2004. Pension plan still has about 11 years still remaining till maturity. Deducting the costs the fund value stands approximately 196000.

I now want to increase my premium form 10000  to 48000 per year. Can you suggest I keep investing in the ULIP under the same fund and increase the amount as above.

If not ULIP should plan for mutual fund?

3 replies on this article “Should I continue with ICICI LifeTime Pension plan ?”

  1. ashalanshu says:
    December 5, 2013 at 4:16 pm

    Dear Kolhead, only our leaders can comment on DTC (Direct Tax Code). As of now, you may assume that nothing is going to happen on DTc till next govt. is formed. Even after that, it may take anywhere from 6 months to 2-3 years that DTC becomes a reality.

    thanks

    Ashal

    Reply
  2. ashalanshu says:
    December 5, 2013 at 8:49 am

    Dear Kolhead, please wait for clarity on Taxation of pension plans under DTc before increasing the prem. amount. till then you may keep the extra 38000 Rs. invested else where.

    thanks

    Ashal

    Reply
    1. kolhead says:
      December 5, 2013 at 3:45 pm

      When is the Taxation on pension plans will be communicated? Can I invest in mutual fund till that time if time period frame is more than year or FD in case time frame is less than year?

      Reply

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