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
Email: ravi.sampige@gmail.com
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