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3 Steps to Calculate Pension Amount

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    Available for age 35 years and above

    This plan is available for people aged 30 and above

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    Minimum Premium is Rs. 48,000 per annum.

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Description
Estimated Returns 8% 4%
Returns shown are at 4% and 8% as per IRDAI guidelines.
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How your money will be invested
How your money will be invested
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moderate returns
(equity & debt)
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  • Easy Retirement Secure Fund Returns since inception (p.a.) - 10.61%
  • Easy Retirement Balanced Fund Returns since inception (p.a.) - 12.41%
Easy Retirement Secure Fund
Returns since inception (p.a.) - 10.61%
Easy Retirement Balanced Fund
Returns since inception (p.a.) - 10.61%
Pension you will get
8% 4%
Returns shown are at 4% and 8% as per IRDAI guidelines
8% ARR 4.68 Lakhs* 4% ARR 1.71 Lakhs* yearly 8% ARR 4.68 Lakhs* 4% ARR 1.71 Lakhs* yearly 8% ARR 4.68 Lakhs* 4% ARR 1.71 Lakhs* yearly Also get lumpsum amount 70.42 Lakhs* 56.40 Lakhs* 8% ARR 4.68 Lakhs 4.68 Lakhs 4.68 Lakhs* 4% ARR 1.71 Lakhs 1.71 Lakhs 1.71 Lakhs* yearly 8% ARR 4.68 Lakhs* 4% ARR 1.71 Lakhs* yearly
(non-guaranteed estimated returns)

Available with investment amount between 0 - 0
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Fund Performance
Fund & Benchmark Details Type of fund Latest NAV
(in Rs.)		 Returns (p.a.) Returns (p.a.) Inception Date
1 Year 2 Year 3 Year 4 Year 5 Year Since Inception
Easy Retirement Balanced Fund Equity and DebtBalanced 20.862620.8626 17.27%17.27% 4.31%4.31% 14.87%14.87% NANA 14.07%14.07% 11.99%11.99% August 29, 2011August 29, 2011
Benchmark Returns: 55% CRISIL Composite
Bond Fund Index & 45% S&P BSE 100		 -- -- 14.68%14.68% 5.73%5.73% 12.92%NA NANA NANA 12.70%11.24% --
Easy Retirement Secure Fund Debt 20.8626 17.27% 8.81% 14.87% NA 14.07% 10.39% August 29, 2011
Benchmark Returns: CRISIL Composite Bond
Fund Index		 -- -- 13.65% 10.45% 12.08% NA NA 11.96% --
Returns (As on ). Past performance is not indicative of future performance.
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FAQs

1. How can I calculate my pension?

You can use our Pension calculator to know the pension in 3 easy steps. Mention your gender, date of birth and how much you can invest every month. For instance, 35 years old male investing Rs 10,000 per month for 20 years can get an annual pension of up to Rs 3.96 lakh.

2. What percentage of salary goes into pension?

There is a thumb-rule that can help answer this. Irrespective of your age, save at least 15% of your monthly salary for pension. For instance, if you are earning Rs 50,000 per month, save 15% i.e. Rs 7500 per month for pension/retirement. If you are earning Rs 1 lakh, save 15% i.e. Rs 15,000 per month. Note that 15% is a basic minimum. You can save more. The more you save, the bigger will be your pension kitty assuming you invest the money smartly for retirement.

3. How much amount will I need when I retire?

Typically, a person should aim to replace 70% of his/her annual pre-retirement income. Multiply this number with 25. The end result would be how much amount they will need when they retire. For example, if you earn Rs 10 lakh a year today, you would need Rs 7 lakh a year when you retire. The longer you pve, the more will be the need. Most people pve for 25 years after retirement and so Rs 7 lakh a year multipped by 25 is your ideal retirement amount. You can reach the retirement corpus target by using a combination of savings, investments, and assets.

Comp code: COMP/DOC/May/2020/145/3640

*The above figures are illustrative & not guaranteed. For the purpose of illustrations, we have used 4% & 8% as the lower & the higher rates of investment returns respectively, in the calculations. These are in accordance with the guidelines issued by IRDAI & in no way signify our expectations of investment return on the funds. For each of the funds, the actual investment return may be higher or lower than the above rates based on the asset classes & the risk taken.

The linked insurance products do not offer any liquidity during the first five years of the contact. The policyholders will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year.

Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values and the customer shall be responsible for his/her decision. The names of the Company, Product names or fund options do not indicate their quality or future guidance on returns. Funds do not offer guaranteed or assured returns.

Some benefits are guaranteed & some benefits are variable with returns based on the future performance of your life insurance company. If your policy offers guaranteed returns then these will be clearly marked "guaranteed" in the illustration table on this page. If your policy offers variable returns then the illustration on this page will show two different rates of assumed future investment returns. These assumed rates of returns are not guaranteed & they are not the upper or lower limits of what you might get back as the value of your policy as it is dependant on a number of factors including future investment performance.

The annuity amounts have been calculated based on indicative annuity rates & are subject to change from time to time. The actual annuity amount will depend on the prevailing annuity rates at the time of purchase of ICICI Pru Immediate Annuity.

The lock-in period in this product is five years. On surrender after completion of five years, the surrender value will be the Fund Value including Top up Fund Value, if any, which can be utilized as per product terms & conditions.

Tax benefits are subject to conditions of section 80C, 80CCC, 80D, 10(10D) and 10(10A) of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time. For more details refer to the Easy Retirement product Brochure and Easy Retirement Single Premium product Brochure.

Premiums paid under policy are eligible for tax benefit under Section 80CCC and commutation is tax free under section 10(10A) of the Income Tax Act, 1961. On commutation you can receive up to one third of the accumulated value.

ICICI Prudential Life Insurance Company Limited.IRDAI Regn No. 105. CIN: L66010MH2000PLC127837.

© 2015 ICICI Prudential Life Insurance Company Limited. Registered Address: - ICICI Pru Life Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. For more details on the risk factors, term & conditions please read sales brochure carefully before concluding the sale. Call us on 1-860-266-7766 (10am-7pm, Monday to Saturday, except national holidays and valid only for calls made from India). UIN of the ICICI Pru Easy Retirement - 105L133V03 and ICICI Pru Easy Retirement Single Premium - 105L138V01. SFIN details: Easy Retirement Balanced Fund - ULIF 132 02/11/12 ERBF 105; Easy Retirement Secure Fund - ULIF 133 02/11/12 ERSF 105; Easy Retirement Single Premium Balanced Fund - ULIF 136 25/03/13 ERSPBF 105. Advt: W/II/1541/2017-18.

Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license.

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This plan is available for age 30 and above

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Are you an Qrops subscriber?

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As per current regulations, the annuity benefit will be payable for life of the subscriber and his/her spouse as per the annuity option “Joint Life Last Survivor with Return of Purchase Price”. In case, the subscriber does not have a spouse, the annuity benefit will be payable for life of the subscriber as per the annuity option “Life Annuity with Return of Purchase Price”.

In case of demise of the subscriber before the vesting of the annuity, the annuity benefits will be payable for life of the spouse as per the annuity option “Life Annuity with Return of Purchase Price”.

On death of the annuitant (s), the annuity payment would cease and refund of the purchase price shall be utilized to purchase an annuity contract afresh for living dependent parents (if any) as per the order specified below.

a) Living dependent mother of the deceased subscriber

b) Living dependent father of the deceased subscriber

However, the annuity amount would be revised and determined as per the annuity option “Life Annuity with Return of Purchase Price” using the annuity rate prevalent at the time of purchase of such annuity by utilizing the Purchase Price required to be refunded to the nominee under the annuity contract.

The annuity would continue until all such family members in the order specified above are covered. After the coverage of all such family members, the Purchase Price shall be returned to the surviving children of the subscriber and in the absence of the children, the legal heirs of the subscriber, as may be applicable. In case no such family member exists upon the death of the last survivor, there would be a refund of the Purchase Price to the nominee.

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