Annuity Planning

Annuity plans can help you fulfil your retirement goals and maintain your standard of living with a guaranteed¹, lifelong income. If you are looking for a steady source of guaranteed¹ income after retirement, you can consider an annuity plan. With annuity plans, you can choose to receive regular income every month, quarter, six months or year.

You can also consider annuity plans if you want to safeguard your retirement savings. Annuity plans are free from any market-linked volatility².

¹ T&C Apply

Before you invest in an annuity plan, you must consider the following factors:

• You must understand your post-retirement needs and aspirations. The right annuity plan provides you and your family with a guaranteed¹ regular income to fulfil your post-retirement dreams
• You must select the right annuity plan based on when you would need your regular income to start. With an immediate annuity plan, your regular income can start immediately. On the other hand, deferred annuity plans would be apt if you have a few years to retire
• You can also opt for a plan that secures your loved ones by choosing a 'Joint Life' option offered by some annuity plans. With this option, they will continue to receive regular income even in case of an unfortunate event
• Some plans also provide an option to get your investment back in case of a medical emergency or when you reach a certain age or in case of an unfortunate event. Such options can help you secure your financial independence even during financial emergencies
• You must also check out additional benefits offered by the annuity plan. For example, ICICI Pru Guaranteed Pension Plan provides you with 1% additional annuity if you are an existing customer or purchase the plan online<sup>*

1</sup> T&C Apply
^*Customers can opt for only one of either Online Booster or Loyalty Booster or NPS Benefit

With an annuity plan, you invest once and get lifelong regular income. Decide how much you want to invest and when you want your income to start. Lastly, you can choose whether you want a monthly, quarterly, half-yearly or annual income.

Typically, this can be a complicated calculation. With our annuity calculator, you can input these details and find out how much income you can get in a matter of seconds.

You can use our annuity calculator to find out your regular income.

You can withdraw your money with the ‘Return of Purchase Price’ option provided by some annuity plans. Under this option, the initial investment can be withdrawn in case of diagnosis of specified critical illnesses or disability or death. You can even choose a plan option where you get back your investment when you reach 80 years of age. The plan also comes with an option where you can receive your initial investment in parts from the age of 76.

Different annuity plan options may have different eligibility criteria. In the case of the ICICI Pru Guaranteed Pension Plan, the minimum age at which you can purchase the plan is 30 years. The maximum age for buying some options of the plan is 100^{^} years.

^{^} The maximum age at entry depends on the annuity option selected

Yes, with an immediate annuity plan, senior citizens can be financially independent, post-retirement. Annuities allow senior citizens to live their life on their own terms. With a one-time investment, they are guaranteed¹ a regular source of income for life. This can help fulfil all of their post-retirement goals.

¹ T&C Apply

In some plan options, the annuity income stops in case an unfortunate event occurs. However, you can choose to secure your spouse or child with the ‘Joint Life’ option, where they will continue to receive the regular income for their lifetime as well. Where 'Return of Purchase Price' option is chosen, the initial amount invested is returned as per the option selected.