Guaranteed Pension Plan (Deferred Annuity) shall be offered to individuals who need income for life and want to purchase annuities from their savings or under deferred pension plans offered by ICICI Prudential Life Insurance Company Limited.

The minimum annuity per annum is ₹ 12,000, but there are no maximum limits on this.

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 Single Life with 50% Return of Purchase Price at Age 80 Single life with Return of Purchase Price on Critical illness (CI) or Permanent Disability due to accident (PD) or Death Deferred Single Life with Return of Purchase Price on Critical illness (CI) or Permanent Disability due to accident (PD) or Death	30	70
For all other Deferred Annuity Options	30	85
For all other options	30	100

In case of annuity being purchased from the proceeds arising out of the surrender benefit, maturity benefit or death benefit payable under Pension accumulation plans, minimum age at entry would be 0 years for Immediate Annuity options and 30 years for Deferred annuity options. If the Annuitant is a minor, then the policy shall not automatically vest on the Annuitant attaining the age of majority.

In case of Joint life annuity, age restrictions apply to both lives.

Minimum annuity payouts shall be in accordance with IRDAI (Minimum limits for Annuities and other benefits) Regulations, 2015. The minimum annuity per annum is ₹ 12,000, (₹ 1,000 per month) but there are no maximum limits. Minimum purchase price that will produce the minimum annuity mentioned above will depend on the annuity rates, as applicable. The minimum annuity amount shall not be applicable for top up annuity.

Following Critical illnesses are covered under the plan:

• Cancer of Specified Severity
• Heart Attack
• Coronary Artery Bypass Graft Surgery (CABGS)
• Kidney Failure
• Stroke
• Major Organ Transplant (as Recipient)
• Permanent Paralysis of limbs

For definition of illnesses covered and terms & conditions, please refer sales brochure.

There is an option to increase the annuity by paying an additional Purchase Price/ Premium. The additional annuity will be calculated using the then prevailing annuity rates and the age of the Annuitant at the time of top-up. This option can be chosen anytime while the policy is in-force. For more details, please refer to the product brochure.

The Policyholder has the option to review the policy after receipt of the policy document. If the Policyholder is not satisfied with the terms and conditions of this policy, the policy document needs to be returned to the Company, with reasons for cancellation of the policy within:

• 15 days from the date of receipt of the policy document
• 30 days from the date of receipt of the policy document, in case of electronic policies or policies purchased through, (i) voice mode, which includes telephone-calling (ii) short messaging service (SMS) (iii) electronic mode which includes e-mail, internet and interactive television (DTH) (iv) physical mode which includes direct postal mail and newspaper and magazine inserts and (v) solicitation through any means of communication other than in person.

Guaranteed additions (GA) will be accrued every month till the end of the deferment period.

GA per month = Total annuity payable in a policy year/12

Death Benefit during the deferment period is higher of:

• Purchase Price + Accrued Guaranteed Additions
• 105% of Purchase Price

Death Benefit after the deferment period is higher of:

• Purchase Price + Accrued Guaranteed Additions – Total annuity paid out till date of intimation of death
• Purchase Price