ULIP Pension Plan

This query is : Open

JS Shah (Querist)
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23 December 2020 Dear Sir, Refer to HDFC Standard Unit linked Pension II & ICICI Pru LifeStage Pension-ULIF, this ULIP pension plan policies are with first my name and spouse name as Heirs. Policy is under vesting period and pension will start as soon I selection pension option. My question is that I am 55 years working in private company, to save the tax on pension, can I transferred the annuity to my wife name so that pension income shall be under wife income who is housewife. Thank You.