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Brochure
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Consult an expert
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
with market-linked returns
6+2 fund options
Plan starts @
₹ 5,000 p.m.
₹ 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
Pay
₹ 14,200 p.m.
for 15 years
for 15 years
Get
₹ 1 Crore
on Retirement
on Retirement
Retirement and Pension Calculator
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
This plan helps retirement fund creation goal savers to invest systematically/ one-time during their earning years and create a meaningful retirement corpus to cover their expenses post retirement. This can help you give a head-start on your retirement and fulfil your goals.
You Pay
₹14200p.m.
For 15 years
You Get
₹1.00Cr1’on retirement
●ARR
Balanced Investors
ICICI Pru Signature Pension is an ideal pick for people looking at a wholistic Retirement portfolio & diversifying their investment in a Unit Linked Insurance plan with market -linked returns through a choice of 8 diversified funds, unlimited free switches, limited premium payment facility, premium waiver benefit option, benefits of compounding and tax-free lumpsum on retirement.
You Pay
₹10000p.m.
For 15 years
You Get
₹52.24 Lakh2on retirement
●ARR
Life-long pension seekers
Investors who want a lumpsum at retirement and a regular source of income through pension which will give them peace of mind financial security of their family. Kick-start your Golden years by creating a dependable retirement corpus through contribution in your working years and eliminate the uncertainty of future income streams.
You Pay
₹16410p.m.
For 15 years
You Get
₹50K3’p.m. as pension on retirement
●ARR
Existing Customer
Existing ICICI Prudential customers wishing to take advantage of financial markets and build a meaningful retirement corpus can buy this plan from the convenience of their home.
You Pay
₹10000p.m.
For 15 years
You Get
₹52.24 Lakh2’on retirement
●ARR
Tax-Saver*
Signature Pension comes with tax* benefits. You can get tax* benefits on premiums paid subject to conditions u/s 80CCC* and on lumpsum upto 60% of Fund Value at the time of vesting u/s 10(10A)*
You Pay
₹10000p.m.
For 15 years
You Get
₹52.23 Lakh2’on retirement
●ARR
Second income seekers
If you are a businessman or self-employed and looking for a stable second source of guaranteed^ income1 to support your lifestyle and financial needs, this plan will be ideal.
You Pay
₹1200000one-time
For 20 years
You Get
₹53.92 Lakh4’
●ARR
FIRE Aspirers
Signature Pension is ideal for people looking at Financial Independence, Retire Early (FIRE) by saving a higher amount during their earning years and build a fund with marker-linked returns to retire early and get life-long income with complete peace of mind to follow and pursue their hobbies, undertake vacations etc.
You Pay
₹14200p.m.
For 15 years
You Get
₹1.00Cr1’on retirement
●ARR
How the plan works?
Everything You need to Know
Minimum/ Maximum age at entry
Minimum: 18 years
Maximum: 65 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
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% |
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, 2024T
on March 31, 2024T
₹2.76 Lakh Cr
Benefits paid till
March 31, 2024`
March 31, 2024`
₹2.94 Lakh Cr
Assets under
management as on
March 31, 202418
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
“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
Rider Disclaimer
