ICICI Pru Life Signature Pension Plan

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

IN ULIPS, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

Tax-free² retirement fund
with market-linked returns

6+2 fund options

Plan starts @
₹ 5,000 p.m.

Build retirement corpus & also get life-long Income

8 diversified Fund options¹

Flexibility of Partial withdrawls³

Tax² Benefits

View all benefits

Build retirement corpus & also get life-long Income

8 diversified Fund options¹

Flexibility of Partial withdrawls³

Tax² Benefits

Unlimited free fund switches⁶ in fixed portfolio strategy

Return of charges⁴

Choice to postpone your retirement⁹

Premium Waiver Benefit

Pay

₹ 14,200 p.m.
for 15 years

Get

₹ 1 Crore
on Retirement

Retirement and Pension Calculator

You are buying this plan for

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Gender

Male

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Qualification

Graduate & above

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Mandatory Field

Why invest in Signature Pension Plan?

ICICI Pru Signature Pension is Unit Linked Insurance Plan (ULIP), which helps you save systematically or one-time and build your retirement fund with tax-benefits on market-linked returns. Enjoy benefits of compounding, choice of 8 (6+2New) diversified funds, partial withdrawal benefits and the option to postpone your retirement age. At the end of your policy term, on vesting, you have the option of investing your Retirement Fund (wholly or partly) into an annuity plan, which will provide you with a guaranteed* lifetime income.

Recommended For

Retirement Goal Based Savers

Balanced Investors

Life-long pension seekers

Existing Customer

Tax-Saver^*

Second income seekers

FIRE Aspirers

How the plan works?

Everything You need to Know

Minimum/ Maximum age at entry

Minimum: 18 years
Maximum: 65 years

Premium Payment Term

5-15yrs in Limited Premium or Single Pay

8 Fund options

6+2 new diversified funds

Tax-free^* Returns

Upto 60% tax-free 2 lump-sum/ corpus on vesting.

Tax Benefits on Premiums:

Tax benefit^* on premiums paid u/s 80CCC

Partial Withdrawal:

Upto 25% of the Fund Value

Unlimited free fund switches⁶

Unlimited fund switches between funds in fixed portfolio strategies

Death Benefit (Life insurance benefit):

Minimum Death Benefit is 105% of the total premiums paid till death

Pension Booster

Return of charges + on vesting

Increase in premium payment term

Yes, option to increase the premium payment term available

ICICI Pru Signature Retirement
is one plan that can solve all your needs right from building a substantial corpus for retirement or setting up a monthly income with the proceeds from the this plan or planning for both a wholesome retirement fund along with a pension for life. Check illlustrations for details

Retire As a Crorepati

Get Life-long pension

All-in-one Retirement plan

Build your retirement corpus and make the most of your golden years Invest for 5 to 15 years & Retire with a Crore as Retirement Fund Watch your money grows with the plan options:

Age	Pay for PPT	Policy Term	Corpus Age	Monthly Premium (In Rs)	Corpus Amount
25 Years	15	35	60	10,500	1.01 Cr @8% / 34.7 L @4%
30 Years	15	30	60	14,200	1.01 Cr @8% / 41.9 L @4%
35 Years	15	25	60	19,200	1.01 Cr @8% / 50.8 L @4%
40 Years	15	20	60	25,800	1.01 Cr @8% / 61.2 L @4%
45 Years	15	20	65	25,800	1.01 Cr @8% / 61.2 L @4%
50 Years	10	20	70	34,000	1.01 Cr @8% / 56.7 L @4%
55 Years	05	20	75	59,000	1.01 Cr @8% / 51.9 L @4%
60 Years	05	20	80	59,000	1.01 Cr @8% / 51.9 L @4%

Examples above are for different ages for a healthy male & exclusive of taxes

What makes ICICI Pru Signature Pension Special

Saving flexibilities available under ICICI Pru Signature Pension Choice of Funds

How to maximize your ULIP returns?

Start Investing Early

Pay premiums regulary

Right Asset Allocation

Make fund switches to safeguard your gains

Keep a younger person as the Life Assured

Buy Online in 3 simple steps

Choose premium amount

Select your choice of funds

Fill Application form & Make Payment

Policy Issued

Need Help? Call us Today

1800-210-6005

Why choose ICICI Prudential Life?

9.69 Cr

Lives covered as
on March 31, 2024^T

₹2.76 Lakh Cr

Benefits paid till
March 31, 2024^`

₹2.94 Lakh Cr

Assets under
management as on
March 31, 2024¹⁸

1 Day^<

Death Claim Settlement

Frequently Asked Questions

We believe in insurance with assurance

What are the benefits payable on survival till the vesting date?

On survival of the Life Assured till the vesting date, the Fund Value including Top-up Fund Value along with Pension Booster. They can utilise the entire proceeds or commute up to 60% and utilise the balance amount to purchase an Immediate Annuity or Deferred Annuity from ICICI Prudential Life at the then prevailing annuity rate.

What is the Pension booster?

What is the death benefit available with this plan?

What is the minimum and maximum entry age for this plan?

What is the minimum and maximum vesting age for this plan?

What is the minimum and maximum premium paying term I can select?

What is the minimum and maximum premium for this plan?

Can I increase or decrease the premium?

Can I increase or decrease the Premium Payment Term?

Can I postpone my vesting date?

What are the Annuitisation Provisions for Policy Proceeds on vesting date?

Key Terminologies

Age

Annualized Premium

Net Asset Value (NAV)

Discontinuance

Discontinued policy fund

Fully Paid policy

Grace period for other than single premium policies

Lock-in period

Switches

Limited Pay

Month Anniversary

Partial withdrawals

Premium re-direction

Revival period

Segregated fund

Policy Anniversary

Policy Month

Policy Year

Single Pay

Single Premium

Top-up premium

Total Premiums Paid

Unit

Unit fund value

Age

“Age” means the age of the Life Assured in completed years as on date of commencement of risk of policy

Annualized Premium

“Annualized Premium” means the premium amount payable in a year excluding taxes, rider premiums and underwriting extra premium on riders, if any.

Net Asset Value (NAV)

“Net asset value (NAV)” means the price per unit of the segregated fund.

Discontinuance

“Discontinuance” means the state of a policy that could arise on account of surrender of the policy or non-payment of the premium due before the expiry of the grace period.

Discontinued policy fund

“Discontinued policy fund” means the segregated fund of the insurer constituted by the fund value, as applicable, of all the linked insurance policies discontinued during lock-in period.

Fully Paid policy

A “Fully Paid policy” is a policy for which all premiums have been paid, as per the premium payment term selected, and no further premiums are due.

Grace period for other than single premium policies

“Grace period for other than single premium policies” means the time granted by the insurer from the due date of payment of premium, without any penalty or late fee, during which time the policy is considered to be in-force with the risk cover without any interruption, as per the terms & conditions of the policy.

Lock-in period

“Lock-in Period” means the period of five consecutive completed years from the date of commencement of the policy, during which period the proceeds of the policies cannot be paid by the insurer to the policyholder or to the insured, as the case may be, except in the case of death or upon the happening of any other contingency covered under the policy.

Switches

“Switches” means a facility allowing the policyholder to move from one segregated fund, either wholly or in part, to other segregated fund(s) amongst the segregated funds offered as per the terms and conditions of the policy.

Limited Pay

“Limited Pay” means a policy other than single pay policy, where the premium payment period is limited compared to the policy term, and premiums are payable at regular intervals like yearly, half yearly, monthly or any other interval as permissible under the product terms and conditions.

Month Anniversary

“Month Anniversary” refers to the monthly anniversary of the date of commencement of risk of policy.

Partial withdrawals

“Partial withdrawals” means any amount withdrawn partially out of unit fund by the policyholder during the term of the policy.

Premium re-direction

“Premium re-direction” means an option which allows the policyholder to modify the allocation of amount of renewal premium to various segregated funds under a linked insurance policy.

Revival period

“Revival period” means the period of three consecutive complete years from the date of first unpaid premium.

Segregated fund

“Segregated fund” means funds earmarked under linked insurance business.

Policy Anniversary

“Policy Anniversary” refers to the annual anniversary of the date of commencement of risk of policy.

Policy Month

“Policy Month” refers to the period of 1 month commencing from the date of commencement of risk of policy and every month anniversary thereafter.

Policy Year

“Policy Year” means a period of 12 months commencing from the date of commencement risk of policy and every policy anniversary thereafter.

Single Pay

“Single Pay” means Premium needs to be paid only once at the inception of the Policy.

Single Premium

“Single Premium” means the single premium amount paid as lumpsum at the inception of the policy excluding taxes, rider premiums and underwriting extra premium on riders, if any.

Top-up premium

“Top-up premium” is an amount that is paid voluntarily by the policyholder besides contractual premium and is treated as single premium for all purposes.

Total Premiums Paid

“Total Premiums Paid” means total of all the premiums received under the base product including top-ups premium paid, if any.

Unit

“Unit” means a specific portion or part of the underlying segregated linked fund which represents policyholder’s entitlement in such funds.

Unit fund value

“Unit fund value” means the summation of number of units in each segregated fund multiplied by the net asset value (NAV) for respective segregated fund under that policy.

Disclaimer

IN ULIPS, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER^U

¹Since this is a unit-linked plan, you can invest in either equity, debt, and/or balanced funds. Funds available with this plan - Pension Multi Cap Growth Fund, Pension Opportunities Fund, Pension Bluechip Fund, Pension India Growth Fund, Pension Multi Cap Balanced Fund, Pension Balanced Fund, Pension Income Fund, Pension Money Market Fund.

²A tax-free commutation of up to 60% of the vesting benefit can be availed. Tax benefits are subject to condition under Sections 80CCC, 10(10A), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services tax and Cesses, if any will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for more details.

³This is called “Partial Withdrawal” and can be availed after the completion of the lock-in period of 5 policy years. The partial withdrawal amount shall not exceed 25% of the fund value as on date of request. Withdrawal is subject to conditions as prescribed in the sales brochure.

⁴Return of charges is in the form of Pension Booster, which will be paid on vesting. The Pension Booster shall be sum of all premium allocation charges, policy administration charges, and mortality charges deducted (excluding taxes) till the time of vesting.

⁵The minimum Top-up premium payable is ₹5,000. Top-up premiums once paid cannot be withdrawn from the fund for a period of 5 years from the date of payment of the 'Top-up' premium, except in case of complete surrender of the policy. Maximum number of top-up that can be availed is 99 times.

⁶You can switch units from one fund to another, as many times as you want, without any charge. The minimum switch amount is ₹ 5,000. Switches are only available under the Fixed Portfolio Strategy.

⁷This is applicable only if Waiver of Premium Rider is opted. Waiver of premium rider when attached to a base policy will waive all future premiums payable under the Base Policy including any Underwriting Extra Premiums on the occurrence of the contingent event, as mentioned under the chosen Benefit Option. Kindly refer to the sales brochure of ICICI Pru Linked Waiver of Premium Rider for further information.

⁸All-in-one includes retirement corpus accumulation and payout in the form of annuity.

⁹The minimum postponement can be of one year and maximum would be up to age of 80 years (last birthday) of the life assured and can be chosen in integral number of years. This facility can be availed multiple times.

¹⁰Calculated for a <<30>>-year-old healthy male with a premium paying term of <<>> years and a policy term of <<>> years for Limited pay option. The premium shown is exclusive of taxes and the mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.

^URisk factors and warning statements

i. Linked insurance products/ annuity products with variable pay-out options are different from traditional insurance products and are subject to the risk factors.

ii. The premium paid in linked insurance policies or the annuity offered under the annuity policies with variable annuity pay-out option are subject to investment risks associated with capital markets and publicly available index. The annuity amount/ NAVs of the unis may go up or down based on the performance of fund and factors influencing the capital market/ publicly available index and the insured is responsible for his/her decisions.

iii. ICICI Prudential Life Insurance in only the name of the Life Insurance Company and ICICI Pru Signature Online is only the name of the linked insurance contract and does not in anyway indicate the quality of the contract, its future prospects or returns.

iv. Please know the associated risks and the applicable charges, from your insurance agent or intermediary or policy document issued by the insurance company.

v. The various funds offered under this contract are the names of the funds and do not in any way, indicate the quality of these plans, their future prospects and returns.

^1’Calculated for a 30-year-old healthy male with a premium paying term of 15 years and a policy term of 30 years for Limited pay option. The premium shown is exclusive of taxes and the mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.

^2’Calculated for a 35-year-old healthy male with a premium paying term of 15 years and a policy term of 25 years for Limited pay option. The premium shown is exclusive of taxes and the mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.

^3’Calculated for a 35-year-old healthy male with a premium paying term of 15 years and a policy term of 25 years for Limited pay option. The annuity amount is an estimated annuity payable on policy vesting (assuming 100% vesting benefit is annuitized) under the Single Life with 100% ROP annuity option. The annuity amount is assumed at an annuity rate of 7% & is for illustration purpose only. The actual annuity amount receivable depends on the prevailing annuity rates at the time of vesting.

^4’Calculated for a 35-year-old healthy male with a premium paying term of 1 year and a policy term of 25 years for Single pay option. The premium shown is exclusive of taxes and the mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.

ARR : Assumed Rate of Return. For the purpose of illustration, the Company has assumed 8% and 4% as rates of investment returns. The returns shown in the illustration are not guaranteed and they are not the upper or lower limits that you may get. As the value of the policy depends on a number of factors including future investment performance.”

Fund names	SFIN
Pension Opportunities Fund	ULIF 092 11/01/10 POpport 105
Pension Multi Cap Growth Fund	ULIF 091 11/01/10 PMCapGro 105
Pension Bluechip Fund	ULIF 093 11/01/10 PBluChip 105
Pension Multi Cap Balanced Fund	ULIF 094 11/01/10 PMCapBal 105
Pension Income Fund	ULIF 095 11/01/10 PIncome 105
Pension Money Market Fund	ULIF 096 11/01/10 PMoneyMkt 105
Pension India Growth Fund	ULIF 154 260624 PenIndGrwt 105
Pension Balanced Fund	ULIF 155 260624 PensionBal 105

^<ClaimForSure: 1 Day Death Claim Settlement is available for the following:

a) Policies that have been active for 3 consecutive years. All due premiums in the policy have been paid and the policy has been active for 3 consecutive years preceding life assured's death.

b) All mandatory claim documents are submitted at the branch. Mandatory documents to be submitted at Branch Office-Claimant statement form,Original policy certificate,Copy of death certificate issued by local authority, AML KYC documents-Nominee's recent photograph, Copy of Nominee's pan card,Nominee's current address proof, photo identity proof, Cancelled cheque/Copy of bank passbook,Copy of medico legal cause of death,Medical records (Admission notes,Discharge/Death summary,Test reports, etc). For accidental death-Copy of FIR, Panchnama,Inquest report,Postmartem report,Driving license.

c) Total claim amount of all the life policies held by the Life Assured <=₹ 1.5 Crore

d) Claim does not require any on-ground investigation

^<1 Day is a working day, counted from date of receipt of all relevant documents from the claimant, additional information sought by the Company and any clarification received from the claimant. The Company will be calling the claimants for verification of information submitted by the Claimant which will also be considered as part of relevant documents. Working day will be counted as Monday to Friday and excluding National holidays/Bank holidays/Public holidays.

⁹Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. In case of breach in regulatory turnaround time, interest will be paid as per IRDAI regulations.

Unit Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Unit Linked Insurance Products completely or partially till the end of the fifth year.

Unit Linked products are different from traditional insurance products and are subject to the risk factors.

The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/ her decisions.

ICICI Prudential Life Insurance is only the name of the Life Insurance Company and ICICI Pru Signature is only the name of the unit linked insurance product and does not in any way indicate the quality of the product, its future prospects and returns.

Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the Insurance company.

The various funds offered under this product are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

© ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered life insurance company with IRDAI, Regn. No. 105. CIN: L66010MH2000PLC127837. Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai-25. Helpline number - 1800 2660. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale. ICICI Pru Signature Pension. UIN: 105L194V01 Advt. No.: W/II/0813/2024-25

BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

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