ICICI Pru Guaranteed Pension Plan

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Guaranteed Pension Plan

Ensure guaranteed~ lifelong
income in these uncertain times
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#
Buy online and get 1% Extra annuity*
Benefits
Guaranteed Lifelong Pension~
Multiple Joint life Options3
Multiple Annuity Options
Flexible Payout Options
High Purchase Price Benefit
Return of Purchase Price9
View all benefits
^Conditions Apply
Pay ₹ 10 lakhs and get ₹ 6179 p.m. guaranteed for life7
Pay ₹ 10 lakhs and get ₹ 6179 p.m. guaranteed for life7
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By submitting my details, I override my NDNC registration and authorize ICICI Prudential Life Insurance Company Limited, its third parties and its representatives to contact me through call, RCS, Whatsapp or E-Mail. I further consent to permit ICICI Prudential Life Insurance Company Limited to share my information on confidential basis with its third parties and its representatives (i) for contacting me (ii) for evaluating and (iii) for processing this Proposal.
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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.

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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:
1.
A way to convert savings into a source of immediate income
2.
Guaranteed payouts you can rely on for life
3.
A way to support your savings for retirement
Policy Snapshot
Income starts:
Immediately
Min. Annuity:
₹12,000 p.a. or ₹1000 p.m.
Payment Frequency:
Just Once
Plan Options:
8
ROP on CI/PD₸:
Yes
Joint Life:
Immediate family member
Top-Ups allowed:
Yes
Online Benefit:
Yes
Loan Facility:
No
NPS Benefit:
Yes
Illustration
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
30
65
Single Life with Return of Purchase Price from the Age of 76
30
70
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
30
100
In case of Joint life annuity, age restrictions apply to both lives.
The minimum annuity per annum is ₹ 12,000, (₹ 1,000 per month) but there are no maximum limits.

High Purchase Price Benefit

Glossary

Annuity
Purchase Price
Annuitant/Primary Annuitant
Secondary Annuitant
Immediate Annuity
Deferred Annuity
Return of Purchase Price
Annuity
An annuity is an agreement between an individual and an insurance company where the company promises to provide you regular income (also commonly known as pension) in return for your premium contributions. Irrespective of the type of annuity variant you have, you receive annuity payments for your entire life.

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1
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Plan Issued
Create your annuity Plan
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Need Help? Call us Today
1800210 6005 (toll free)
1800 210 6009
(toll free for NPS Pension policy )

Why choose ICICI Prudential Life?

₹ 2.94 Lakh crore
Assets under management as on March 31, 2024^^
3%
Average bonus rate for the last six yearso
₹ 968.8 Crores
Bonus declared for policyholders``
1 Day<
Claim settlement

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?
View More
Need Help? Call us Today
1800210 6005 (toll free)
1800 210 6009
(toll free for NPS Pension policy )