You retire from work, not life. You may have a new set of goals that you would want to achieve during your retirement. You would want to maintain your current lifestyle even after retirement. You may also want to travel, pursue a hobby, start a new venture, and more. It is important that your retirement plan enables you to meet these goals.

ICICI Pru Guaranteed Pension Plan Flexi is one such retirement annuity plan that provides you guaranteed income^`` for life. This income can help you stay financially independent during retirement. The plan also provides the below benefits:

^``T&Cs Apply

Flexible payout options

You can choose to receive your income from the plan monthly, quarterly, half-yearly or yearly as per your requirements. You can also choose the age from which you want to start receiving the income from the plan. The ‘Save the Date^{^}’ feature of the plan provides you the option to receive the income on any date of your choice.

Flexible premium payment options

You can choose to pay the premiums towards the plan monthly, half-yearly or yearly as per your convenience. You can also choose the number of years for which you want to pay the premiums.

Top-up benefit

As you near your retirement, your financial goals may change. To ensure that you meet these goals, you may want to increase your investment in your retirement plan. The top-up^* benefit provided by the plan allows you to invest any additional amount over your existing investment.

Multiple annuity options

ICICI Pru Guaranteed Pension Plan Flexi provides you seven different annuity options¹ to choose from. This helps you customise the plan as per your needs. Below are the annuity options provided by the plan:

• Single Life without Return of Premium: In this option, you will start receiving the income from an age chosen by you. This income will be paid to you for life
• Joint Life without Return of Premium: This option covers both you and your spouse. In this option, you will start receiving the income from an age chosen by you. This income will be paid to you for life. In case of an unfortunate event, your spouse will continue receiving the income from the plan for life
• Single Life with Return of Premium: In this option, you will start receiving the income from an age chosen by you. This income will be paid to you for life. In case of an unfortunate event, the premiums you have paid during the tenure of the policy will be paid to your loved ones
• Joint Life with Return of Premium: This option covers you, your spouse and your nominee. In this option, you will start receiving the income from an age chosen by you. This income will be paid to you for life. In case of an unfortunate event, your spouse will continue receiving the income from the plan for life, after which, the premiums you have paid during the tenure of the policy will be paid to your nominee
• Single Life with Booster Payouts: In this option, you will start receiving the income from an age chosen by you. This income will be paid to you for life. You will also receive an additional income, called boosters every 5 years. This additional income is equivalent to 10% of the total premiums paid towards the plan and will be paid to you 5 times during the tenure of the plan. In case of an unfortunate event, your loved ones will receive the total premiums you have paid towards the plan less the boosters paid to you
• Single Life with Return of Premium (ROP) on Critical Illness (CI) or Permanent Disability due to Accident (PD) or Death:
  • You are diagnosed with any of the 7 critical illnesses covered by the plan before the age of 80
  • You are diagnosed with a permanent disability due to an accident before the age of 80

In this option, you will start receiving the income from an age chosen by you. This income will be paid to you for life. The premiums you have paid towards the plan during the tenure of the policy will be paid to you if:

In case of an unfortunate event, the premiums you have paid towards the plan will be paid to your loved ones

• Single Life with Accelerated Health Boosters: In this option, you will start receiving the income from an age chosen by you. This income will be paid to you for life. During the tenure of the plan, if you are diagnosed with the need for assistance in your day-to-day life, an additional income in the form of health boosters will be paid to you till the age of 80. In case of an unfortunate event, your loved ones will receive the total premiums you have paid towards the plan less the health boosters paid to you

Waiver of premium benefit:

You can opt for this benefit if you are purchasing the plan with joint life option. In case of an unfortunate event before the total premiums have been paid, all future premiums will be waived off and the policy will continue to remain active. This ensures that your spouse will continue to receive the benefit from the plan without the need to pay any further premiums.

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