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ICICI Pru Guaranteed Pension Plan Flexi

ICICI Pru Guaranteed Pension Plan Flexi

Guaranteed~ lifelongincome withregular investment

0.5% extra annuity and higher surrender benefit online +
Enhanced annuity options for lifestyle needs
Buy online for a safe, secure and paperless journey
100% Guaranteed~ Lifelong Annuity
Convenient annuity planning
Return of premium option1
Multiple Annuity Options
Accelerated health booster2 (Optional)
Flexible Payout Options
~Conditions Apply
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What is ICICI Pru Guaranteed Pension Plan Flexi?

ICICI Pru Guaranteed Pension Plan Flexi is a deferred annuity plan which gives the opportunity to create guaranteed~ lifelong income with a stress-free regular investment of your choice. There are a total of 9 different annuity options that you can choose from. The option you select will decide what kind of lifelong regular income you will receive under the ICICI Pru Guaranteed Pension Plan Flexi

How the plan works?

Everything you need to know
Myth Busters
How the plan works?
This plan is to save systematically from your income to create a guaranteed~ lifelong annuity.
Their Son
Mr and Mrs. Desai
Age : 50 and 48
Decide to save Rs. 10 lacs per year for 5 years under Joint Life with Return of Premium
Mr. Desai
Primary Annuitant
Mrs. Desai
Secondary Annuitant
Their Son
₹50 lakhs paid out to son
Premium payment starts
Pay ₹10L for 5yrs Total ₹50L
Annuity paid every year: ₹4,90,461 7
Annuity starts for Mr. Desai (Primary Annuitant)
Annuity paid to second annuitant every year: ₹4,90,461 7
Death of Mr. Desai (Annuity starts for Mrs. Desai)
Death of Mrs. Desai (Secondary Annuitant)
  • You can pay premiums for min 5 years to a maximum of 15 Years
  • Deferment period will be for min 5 years to maximum of 15 Years. Deferment period starts from the inception of the policy
  • With the joint-life option, the annuity will be continued to 2nd annuitant
  • With the ROP option, your nominee gets back all your premiums paid after you
More the deferment higher the returns## that you fetch

Higher purchase price benefit

Your Annual Premium
Your Deferment Period
<50k >=50k and <1L >=1L and <2L >=2L and <3L >=3L and <5L >=5L
Up to 7 years 0% 1.5% 3.5% 4.25% 4.5% 4.5%
8-10 years 0% 3.75% 5.5% 6% 6.25% 6.5%
11-15 years 0% 6.25% 7.5% 8% 8.25% 8.5%

Plan Snapshot

Min. Age at Entry
40- Primary, 30- Secondary
Max. age at entry
Plan Options
Joint Life
Immediate family member
Min. Annuity
₹12,000 p.a. or ₹1000 p.m.
Payment frequency
Limited Pay/ Regular Pay
Premium Payment Term
5-15 years
Deferment options
5-15 years
Show Additional Benefits


Deferment Period
Annuitant/Primary Annuitant
Secondary Annuitant
Return of Premium Option
Guaranteed~ Addition (GA-I and GA-II)
Save the Date
Accelerated health booster
Annuity Booster
Waiver of premium

Why choose ICICI Prudential Life?

₹ 2.4 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``
1.5 Days
Average Claim
Settlement Time

Frequently Asked Questions

10 Things to know about annuity

Annuity covers the risk of you living too long with a guaranteed~ income
Annuity income is guaranteed~ irrespective of any market ups and downs or external circumstances
In our annuity plans, your funds are invested in a mix of highly rated instruments backed by intense research and analysis
Your income stays guaranteed~ in case of any unfavorable external circumstances
Joint-life with the return of premiums option makes a family income plan
The longer you live, the more is the total income you’ll receive.
You can choose to receive your income payouts monthly, quarterly, half-yearly, or yearly
No prior medicals are required for the standard options^^^
An annuity can be purchased for you or your loved one who might be dependent upon you
Single pay annuities can be classified as an immediate and deferred basis when income starts

Other long-term income plans for you

ICICI Pru Guaranteed~
Pension Plan - Immediate Annuity
  • Pay once and get Guaranteed~ Pension for Life
  • Buy online and get 1% extra throughout life
  • Get pension from next month onwards
  • Multiple Joint life options
ICICI Pru Guaranteed~
Pension Plan - Deferred Annuity
  • Pay once and get Guaranteed~ Pension for Life
  • Buy online and get 1% extra throughout life
  • Deferment up to 10 years Multiple Joint life options
ICICI Pru Guaranteed~
Income For Tomorrow - Long Term
  • 100% Guaranteed^ Long Term Income and Life Cover
  • Get back more than what you pay Income when you want
  • Buy online and get up to 2% Additional Guaranteed~ Income