ICICI Pru Guaranteed Pension Plan

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Guaranteed Pension Plan

Ensure guaranteed~ lifelong income in these uncertain times
Lock-in annuity rates up to 12.3%
Guaranteed income for life~
Lock-in your annuity rates for life4

~Conditions Apply

Guaranteed Lifelong Pension~
Multiple Joint life Options3
Multiple Annuity Options
Flexible Payout Options
High Purchase Price Benefit
Return of Purchase Price9
Early Return of Purchase Price Option
ROP on Critical Illness/Permanent Disability/Death
Tax Benefits#
Pay ₹ 10 lakhs and get ₹ 6179 p.m. guaranteed for life7
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What is ICICI Pru Guaranteed Pension Plan?

ICICI Pru Guaranteed Pension Plan is a single-premium annuity plan, where you can choose to get either immediate or deferred annuity as per your needs. There are a total of 11 different annuity options to choose from. The option you select will decide what kind of lifelong regular income you will receive under the ICICI Pru Guaranteed Pension Plan.

Recommended For

Retirement Guide
Retirement Planner

How the plan works?

All you need to know
2 minutes overview
Invest once and get lifelong guaranteed income from as early as next month
Guaranteed income payments starting now
Consider Immediate Annuities if you’re looking for:
A way to convert savings into a source of immediate income
Guaranteed payouts you can rely on for life
A way to support your savings for retirement
Policy Snapshot
Income starts:
Min. Annuity:
₹12,000 p.a. or ₹1000 p.m.
Payment Frequency:
Just Once
Plan Options:
Joint Life:
Immediate family member
Top-Ups allowed:
Online Benefit:
Loan Facility:
NPS Benefit:
Mr. Gupta's Retirement planning story
Meet Mr. Gupta
age 55 years, IT professional
He Wants
A plan where he can get a regular flow of guaranteed income even after he stops working so. He wants the pension to continue for his wife after he is gone so that she does not face any financial setbacks in her life.
View Story

Eligibility for Immediate Annuity

The minimum age at entry for the annuitants is as follows:
Annuity Options
Minimum Age at Entry
Maximum Age at Entry
Single Life with Return of Purchase Price at Age 80
Single Life with Return of Purchase Price from the Age of 76
Single Life with 50% Return of Purchase Price at Age 80
Single life with Return of Purchase Price on Critical illness (CI) Permanent Disability due to accident (PD) or Death
For all other options
The minimum annuity per annum is ₹ 12,000, (₹ 1,000 per month) but there are no maximum limits.

High Purchase Price Benefit


Purchase Price
Annuitant/Primary Annuitant
Secondary Annuitant
Immediate Annuity
Deferred Annuity
Return of Purchase Price

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Why choose ICICI Prudential Life?

₹ 2.40 Lakh Crore
Assets under management as on March 31, 2022^^
Average bonus rate for the last six yearso
₹ 968.8 Crores
Bonus declared for policyholders``
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Frequently Asked Questions

10 Things to know about annuities

An annuity plan can provide you with a stream of guaranteed income even when you are not working, starting either immediately or after some years as per your choice and lasting for life.
Who guarantees my lifelong income?
How can I benefit from an annuity?
What other advantages does an annuity provide?
What is the rate of return(IRR) on an annuity plan?
How soon can my income begin?
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