Tuesday 1 April 2014

Now transfer your Ireland pension fund to ‘Exide Life Golden Years Retirement Plan’ in India & watch it grow.

Any Indian who has contributed to pension fund in Ireland and has either moved or is planning to relocate to India can now transfer his/her Ireland pension fund to ‘Exide Life Golden Years Retirement Plan’ of Exide  Life Insurance Company Ltd in India.

Ø  Only Non-active pension funds can be transferred
Ø  Ideally suited for Indians who are returning to India for a long term.  

4 reasons why one should look at transferring their Ireland pensions :

a)      Receive pension & other benefits in Indian rupees
b)      Withdraw upto 33% of your pension fund in India at the time of vesting.
c)       Benefit from better appreciation opportunity presented by the Indian market
d)      Leave behind the unused pension funds for your beneficiary without any tax liability


                                Tax advantages & Flexibility

a)      Tax free commutation upto 1/3rd of your fund value*
b)      Further contributions enjoy tax benefits u/sec 80C*

Benefit from a Growing Indian economy

In economies like Ireland/UK expected annual returns are in the range of 2 – 4%. Whereas India offers better earning opportunity than the Ireland market may offer. For example, the deposit-term deposit rate in India is above 9%.

Benefits from the experience in Managing the assets from Exide Life

Ø   Exide Life Insurance is an established player serving over 1 million customers in India for 12 years
Ø  The company has demonstrated a good track record in managing retirement & pension products
Ø  Has delivered consistent returns by declaring an average bonus of 8.54% & 9.62% over last 8 & 4 years respectively
Ø  Experience in managing a retirement corpus of INR 1000 cr. under its  erstwhile pension scheme ‘Exide New Best Years’

Other key benefits to customers

a)      The product offers the Guarantee of investment amount and the returns declared theron
b)      A minimum of 40% of the investments is done in Govt securities & AAA rated funds , to ensure the safety net to the retirement corpus from any kind of market swings
c)       Flexibility in terms of choosing the vesting age & also the premium payment terms

Summary

This pension scheme in India presents you a unique opportunity where you can save 100% of your pension contributions made in Ireland
The Indian economic growth provides an opportunity to improve returns on investments in comparison to Ireland
Exide Life Golden Years provides the best of Capital Guarantee, flexibility & tax benefits to you.

To know in detail about the benefits or amount of pensionable service the transfer value payment of Ireland pension pot will buy in the receiving pension scheme in India & also To know more about the options, pension schemes available in India to get your Ireland pensions transferred, I wish to schedule a free, no obligation telephone consultation to discuss ways I can help yourself and any of your colleagues who has accumulated pension fund in Ireland. I can also be reached with the following contact details.

Mr Ravi Kumar. Financial Consultant (Code: 60272381), Exide Life Insurance Co Ltd. Branch- B 21, # 28, 6th floor, Centenary building, M.G Road, Bangalore-560 001.
Cell:     +919844519872, +919980927393
Email:  ravi.sampige@gmail.com





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