ICICI Pru GPP Flexi
For You And Your Loved Ones – Guaranteed~ Income That Never Stops
Lock-in your annuity rates for life
Why choose ICICI Prudential Life?
₹3.31 Lakh Croreb
assets under management as on December 31, 2025
100% digital onboarding
Quick, secure and hassle-free online onboarding
₹3.24 Lakh Crorea
benefits paid till March 31, 2025
24+ years
of customers' trust and counting
₹3.31 Lakh Croreb
assets under management as on December 31, 2025
100% digital onboarding
Quick, secure and hassle-free online onboarding
₹3.24 Lakh Crorea
benefits paid till March 31, 2025
24+ years
of customers' trust and counting
Talk to your Pension Mitra
Timings 10:00 AM to 07:00 PM
Monday to Saturday
(except national holidays)
Download our Mobile App
24/7 policy servicing on app
Pay premiums, manage funds, download
statements and much more.
Why buy Guaranteed Pension Plan Flexi?
ICICI Pru Guaranteed Pension Plan Flexi is a deferred annuity plan that helps you build guaranteed~ lifelong income through Stress-free systematic premium payment. There are 7 flexible annuity options, allowing you to choose the income option that best fits your retirement goals.
Recommended For
Guaranteed ~ lifelong income
Secondary income source
Lifelong income for family
Cover healthcare costs$
Maintain lifestyle
Fund retirement goals
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How the plan works?
Your financial roadmap with GPP Flexi
Two Minute Overview
Pay the premiums for min 3 years to a maximum of 15 years. The annuity can start immediately after the premium payment (subject to minimum 3 years) or you can defer up to 15 years basis when you want to start your income.
- With the joint-life option2, the annuity will be continued to 2nd annuitant.
- With the Return of Premium (ROP) option1+, you get back all your premiums.
More the deferment higher the returns that you fetch.
More the deferment higher the returns that you fetch.
Plan Snapshot
Plan Snapshot
Min. Age at Entry
40- Primary; 30- Secondary
Max. Age at Entry
80 years
Plan Options
Total 7
Joint Life2
Immediate family member
Min. Annuity
₹12,000 p.a. or ₹1000 p.m.
Payment Frequency
Limited Pay/ Regular Pay
Premium Payment Term
3- 15 Years
Deferment Options
3-15 years
Critical Illness/ Permanent Disability Benefit$Yes
Yes
Special Withdrawal feature4Lumpsum
Lumpsum
Death Benefit Payout options
Lumpsum/Income for a fixed period
Waiver of premium option3Yes
Yes
Top-ups allowed7Yes
Yes
Loan Facility
Yes
Benefit enhancer+Yes
Yes
Mr. & Mrs. Grover
Age : 50 & 48
Decide to save
Rs. 5 Lakhs p.a. for 6 years under Joint Life with Return of Premium
₹30 lakhs paid out to nominee
Pay ₹30L over 6yrs
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Deferment period![]()
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Age 56
Age 50
Annuity paid every year :₹2,91,159 p.a.
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Age 61
Mr & Mrs. Grover start recieving annuity every year
Annuity paid to second annuitant every year : ₹2,91,159 p.a.
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Age 80
Death of Mr.Grover (Primary Annuitant)
Age 93
Death of Mrs.Grover (Secondary Annuitant)
Higher purchase price benefit (HPPB)
Just increase your premium slightly or choose higher deferment period to get higher annuity for life
Steps to buy GPP Flexi
Create your annuity plan
Fill Application Form
Make Payment & Upload Documents
Policy Issued
Glossary
Annuity
Deferment Period
Annuitant/Primary Annuitant
Secondary Annuitant
Return of Premium Option
Guaranteed~ Additions
Save the Date
Waiver of premium
Special Withdrawal feature
Online benefit
Annuity
An annuity plan provides guaranteed regular payments during retirement for the rest of your life in exchange for a lump sum payment or a series of instalments. It is a contract that you sign with an insurance company that ensures a steady and reliable income so that you are financially independent even during your retirement phase.
Deferment Period
Deferment period refers to the number of years from the start of policy after which the annuity will begin.
Annuitant/Primary Annuitant
Annuitant (or Primary Annuitant) is the person who is entitled to receive the benefits from an annuity plan.
Secondary Annuitant
Some annuity plans let you add another beneficiary to your policy called the Secondary Annuitant, who is entitled to continue receiving the benefits from the annuity plan after the primary annuitant passes away. It is a general practice to add your spouse as your Secondary Annuitant to ensure that they are financially secured and independent after you.
Return of Premium Option
Return of Premium Option is an additional feature that lets the chosen nominee get 100% of the Purchase Price back in case of the death of the annuitant(s)1+. The annuitant can also get back the Purchase Price at a specified age OR on diagnosis of Critical Illness or Permanent Disability or death$, depending on the plan option chosen
Guaranteed~ Additions
Guaranteed Additions accrue at the end of each policy month during the deferment period only, provided all due premiums have been paid. Accrued GA are payable only as a part of death benefit, whenever applicable.
Save the Date
At the time of buying the policy, you can choose to receive the annuity on any one date, to coincide with any special date.
Waiver of premium
In case of Joint life option, on death of the Primary Annuitant during the premium payment term, the future premiums will be waived off and the applicable benefits will continue to be paid to the Secondary Annuitant.
Special Withdrawal feature
Encash up to 60%4 of the Total Premiums Paid till date as a lumpsum at the end of the deferment period and also get future annuity payments.
Online benefit
An additional 1.50% annuity amount will be paid, for as long as annuity is payable, for eligible policies purchased through ISNP (Insurance Self Network Platform) either owned by the Company or permitted intermediary. Additionally, an enhanced benefit will be offered on surrender anytime from date of commencement of policy to the end of the Deferment Period for eligible policies purchased through ISNP (Insurance Self Network Platform) either owned by the Company or permitted intermediary.
Annuity
Deferment Period
Annuitant/Primary Annuitant
Secondary Annuitant
Return of Premium Option
Guaranteed~ Additions
Save the Date
Special Withdrawal feature
Online benefit
Annuity
An annuity plan provides guaranteed regular payments during retirement for the rest of your life in exchange for a lump sum payment or a series of instalments. It is a contract that you sign with an insurance company that ensures a steady and reliable income so that you are financially independent even during your retirement phase.
Deferment Period
Deferment period refers to the number of years from the start of policy after which the annuity will begin.
Annuitant/Primary Annuitant
Annuitant (or Primary Annuitant) is the person who is entitled to receive the benefits from an annuity plan.
Secondary Annuitant
Some annuity plans let you add another beneficiary to your policy called the Secondary Annuitant, who is entitled to continue receiving the benefits from the annuity plan after the primary annuitant passes away. It is a general practice to add your spouse as your Secondary Annuitant to ensure that they are financially secured and independent after you.
Return of Premium Option
Return of Premium Option is an additional feature that lets the chosen nominee get 100% of the Purchase Price back in case of the death of the annuitant(s)1+. The annuitant can also get back the Purchase Price at a specified age OR on diagnosis of Critical Illness or Permanent Disability or death$, depending on the plan option chosen
Guaranteed~ Additions
Guaranteed Additions accrue at the end of each policy month during the deferment period only, provided all due premiums have been paid. Accrued GA are payable only as a part of death benefit, whenever applicable.
Save the Date
At the time of buying the policy, you can choose to receive the annuity on any one date, to coincide with any special date.
Waiver of premium
In case of Joint life option, on death of the Primary Annuitant during the premium payment term, the future premiums will be waived off and the applicable benefits will continue to be paid to the Secondary Annuitant.
Special Withdrawal feature
Encash up to 60%4 of the Total Premiums Paid till date as a lumpsum at the end of the deferment period and also get future annuity payments.
Online benefit
An additional 1.50% annuity amount will be paid, for as long as annuity is payable, for eligible policies purchased through ISNP (Insurance Self Network Platform) either owned by the Company or permitted intermediary. Additionally, an enhanced benefit will be offered on surrender anytime from date of commencement of policy to the end of the Deferment Period for eligible policies purchased through ISNP (Insurance Self Network Platform) either owned by the Company or permitted intermediary.
Frequently Asked Question
Why should you have ICICI Pru GPP Flexi plan in your portfolio?
When will my income begin?
How this plan can help people who are still working but want to plan for their retirement?
How can this plan help maintain my lifestyle even after retirement?
What is the difference between the ICICI Pru GPP plan and ICICI Pru GPP Flexi?
Is there an option for a top-up?
Can a loan be availed against the policy?
Is Cancellation in the Free Look period allowed?
What are the Tax Benefits Accompanying Pension Plans in India?
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FAQ's
Plan Benefits
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