For exclusions under the covered critical illness under following plan options, please refer to the brochure:

• Single life with return of purchase price on Critical illness (CI) or Permanent Disability due to accident (PD) or Death
• Suicide: During the deferment period, in case of death of the annuitant or death of the last surviving annuitant in a joint life policy, due to suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the nominee/legal heir shall be entitled to at least 80% of the total premiums paid (including any top-up premium) till the date of death or the surrender value available as on the date of death whichever is higher, provided the policy is in force
  
  The policy will terminate on making such a payment and all rights, benefits and interests under the policy will stand extinguished. In case of death due to suicide after the deferment period, the above suicide clause is not applicable and death benefit as per the option chosen will be applicable

• Officially Valid Document (OVD) for identity and address proof
• Recent Passport-size Photograph
• Age Proof (if not established through OVD)
• PAN (or Form 97, wherever applicable)
• Payout Mandate – Bank account details
• CDF - Customer declaration
• Agent confidential report (Based on login source)
• Passport (Applicable for NRI)
• FATCA/CRS declaration (where applicable)
• Any other document, as may be required by the Company on a case-to-case basis

For processing a death claim under this Policy, We will require the following documents (as may be relevant) in case of:

• Duly filled and signed Claimant Statement Form
• Recent photograph of the claimant
• Death Certificate issued by local government authority of the person insured in the policy (Annuitant(s))
• Signed copy of photo identity proof of the claimant
• Current Address proof of the claimant (Any one of the following: Aadhar Card, Valid Passport or Driver's License, Voters ID are considered as proofs)
• Signed copy of PAN card / Form 97 of the claimant
• Copy of cancelled cheque / bank statement / passbook of the bank account of the claimant where payment needs to be transferred.

Additional documents will also be required, depending on the type of death, for faster processing of your claim –

For deaths due to Natural/ Medical reasons:

• Medico-legal / Medical cause of death certificate
• Past medical records and treatment papers
• All hospitalization records of the Life Assured such as:
  • Admission form
  • Indoor Case Papers (ICPs)
  • Discharge summary
  • Diagnostic test reports such as USG, Pathology / Lab reports etc.
• Duly filled in Treating Doctor Certificate
• Duly filled in Medical/ Hospital Attendant Certificate

Death due to any other reason:

• Medico-legal cause of death certificate
• First Information Report (FIR) from the police authority
• Inquest/ Panchnama Report
• Final police investigation report
• Post Mortem Report (PMR) issued by the hospital
• Viscera / Chemical examination report
• Newspaper Cutting, if any
• Driving License (of the Life Assured driving the vehicle in case of death due to a road accident)
• Hospitalization / treatment records if any
• Duly filled in Medical/ Hospital Attendant Certificate
• Duly filled in Employer Certificate (only if Life Assured was a salaried individual)

For processing a Critical illness claim under this Policy, We will require the following documents (as may be relevant):

• Claimant’s Statement
• Original Policy Document
• Photo ID and Address Proof of Claimant
• Cancelled cheque/ Copy of passbook
• Definition Fulfilment documents
  
  List of Definition Fulfilment documents –
  • Medical records (Admission notes, Test & surgery reports, Discharge Summary, including current and previous medical records of past 5 years, if any, etc.)
  • All consultation notes in connection with the diagnosis of the illness
  • All diagnostic reports such as blood test, X-ray, ECG & CT scan, etc.
  • Treating Doctor Certificate
• Any other documents or information as may be required by the Company for processing of the claim depending on the cause of the claim
• The Company reserves the right to call for additional information, documents or particulars, in such form and manner as the Company would prescribe, and the Benefits would be paid only after receipt of such additional information, documents or particulars.

For processing a Permanent Disability due to Accident claim under this Policy, We will require the following documents (as may be relevant):

• Claimant’s Statement
• Original Policy Document
• Photo ID and Address Proof of Claimant
• Cancelled cheque/ Copy of passbook
• Definition Fulfilment documents
  
  List of Definition Fulfilment documents –
  • Medical records (Admission notes, Test & surgery reports, Discharge Summary etc.)
  • All diagnostic reports such as blood test, X-ray, ECG & CT scan, etc.
  • Disability Certificate from Govt. Authority
  • Copy of FIR/ Panchanama/ Inquest Report
  • Copy of Driving License if Annuitant(s) was driving Vehicle at the time of Accident
  • Treating Doctor Certificate confirming the degree of disability after 180 days from diagnosis of disability
• Any other documents or information as may be required by the Company for processing of the claim depending on the cause of the claim
• The Company reserves the right to call for additional information, documents or particulars, in such form and manner as the Company would prescribe, and the Benefits would be paid only after receipt of such additional information, documents or particulars.

For processing a survival benefit claim under this Policy, We will require the following documents:

• Payout mandate
• Cancelled Cheque for processing electronic payment

Claim payments are made only in Indian currency in accordance with the prevailing Exchange control regulations and other relevant laws and regulations in India. In case the Claimant is unable to provide any or all of the above documents, in exceptional circumstances such as a natural calamity, the Company may at its own discretion conduct an investigation and may subsequently settle the claim.

Why should you have ICICI Pru GPP Flexi plan in your portfolio?

ICICI Pru GPP Flexi is a guaranteed~ income that provides financial security through a guaranteed~ income for life. This income is entirely safe and secure from external circumstances and uncertainties, making a must-have long-term plan in your portfolio.

How this plan can help people who are still working but want to plan for their retirement?

This plan helps you save for your retirement systematically to a maximum of 15 years to create a guaranteed~ source of income for your life

What is the difference between the ICICI Pru GPP plan and ICICI Pru GPP Flexi?

ICICI Pru GPP Flexi gives an opportunity to create a guaranteed~ lifelong income through systematic investments. However, the ICICI Pru GPP plan is a one-time investment plan to create a guaranteed~ lifelong income immediately or through deferment up to 10 years.

Can a loan be availed against the policy?

Yes. The facility of loan is allowed for all options except Single Life without Return of Premium and Joint Life without Return of Premium

What are the Tax Benefits Accompanying Pension Plans in India?

As far as the tax* benefits are concerned, you can claim deductions for contributions upto 1.5 lakhs u/s 123 (read with Schedule XV, Sr. No. 5 ) of the Income Tax Act, 2025.

Is Cancellation in the Free Look period allowed?

Yes. 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 within 30 days, with reasons for cancellation.

Is there an option for a top-up?

Yes, there is a provision for a top-up in ICICI Pru Guaranteed~ Pension Plan Flexi as and when you have additional funds to invest

How can this plan help maintain my lifestyle even after retirement?

The plan offers guaranteed~ lifelong income to support your retirement needs. With the Increasing Annuity option, your income grows by 5%i every year. This option is available for both Single Life and Joint Life annuity choices.

¹⁺The income/annuity amount chosen at the time of purchasing the policy is guaranteed for life and will be payable in arrears at the end of every month, quarter, half-year or year, after completion of the deferment period.

Annuity will be payable in arrears/ at the end of every month, quarter, half-year or year, after completion of the deferment period, as chosen by you at the time of purchasing the annuity. The annuity amount chosen at policy inception is guaranteed for life

Joint life can be either the spouse/child/parent or sibling of the primary annuitant

Choice of premium payment term ranging from 2-15 years & deferment period ranging from 5-15 years.

Guaranteed Additions accrue at the end of each policy month during the deferment period only, provided all due premiums have been paid

Save the Date option to be selected at policy inception or before the first annuity payment. The date chosen should be succeeding the due date of first annuity payment

Option of Top-up can be chosen during the deferment period only and while the policy is in-force. The additional annuity payable will be calculated as per the then prevailing annuity rates and age of the Annuitant at the time of payment of additional premium

¹ Death Benefit:

a) Single life without Return of Premium: Death Benefit, payable during the deferment period, is higher of:

• Total Premiums Paid + Accrued Guaranteed Additions

• 105% of Total Premiums Paid

b)Joint Life without Return of Premium: In case of death of both primary and secondary annuitants during the deferment period, Death Benefit will be payable on death of the last survivor and will be higher of:

• Total Premiums Paid + Accrued Guaranteed Additions

• 105% of Total Premiums Paid

c) Single Life with Return of Premium: Death Benefit during the deferment period is higher of:

• Total Premiums Paid + Accrued Guaranteed Additions

• 105% of Total Premiums Paid

Death Benefit after the deferment period is higher of:

• Total Premiums Paid + Accrued Guaranteed Additions – Total annuity paid out till date of intimation of death

• Total Premiums Paid

d) Joint Life with Return of Premium: Death Benefit after the deferment period payable on death of the last survivor is higher of:

• Total Premiums Paid + Accrued Guaranteed Additions – Total annuity paid out till date of intimation of death

• Total Premiums Paid

In case of Death of both primary and secondary annuitants during the deferment period, Death Benefit will be payable on death of the last survivor and will be higher of:

• Total Premiums Paid + Accrued Guaranteed Additions

• 105% of Total Premiums Paid

e) Single Life with Return of Premium on Critical illness (CI) or Permanent Disability due to accident (PD) or Death:

During Deferment period:

Post Deferment Period:

f) Increasing Annuity for Single Life with Return of Premium: Death Benefit during the deferment period is higher of:

• Total Premiums Paid + Accrued Guaranteed Additions

• 105% of Total Premiums Paid

Death Benefit after the deferment period is higher of:

• Total Premiums Paid + Accrued Guaranteed Additions – Total annuity paid out till date of intimation of death

g) Increasing Annuity for Joint Life with Return of Premium: Death Benefit after the deferment period payable on death of the last survivor is higher of:

• Total Premiums Paid + Accrued Guaranteed Additions – Total annuity paid out till date of intimation of death

• Total Premiums Paid

In case of Death of both primary & secondary annuitant during the deferment period, Death Benefit will be payable on death of the last survivor and will be higher of:

• Total Premiums Paid + Accrued Guaranteed Additions

• 105% of Total Premiums Paid

³ Guaranteed Additions: From the time you start paying your premiums till the completion of deferment period, a benefit known as Guaranteed Additions will accrue to your policy. Guaranteed Additions accrue at the end of each policy month during the deferment period only, provided all due premiums have been paid.

Special Withdrawal^#:

For fully paid-up policies, this option can be exercised after the end of the deferment period. For other than fully paid-up policies, this option can be exercised after the end of the deferment period or after completion of revival period from the due date of the first unpaid premium, whichever is later. For a lapsed policy, this feature is not applicable. This feature can be exercised provided there is no outstanding loan amount. The minimum amount of lumpsum withdrawal will be ₹ 5,000 at the time of each exercise. Please refer to policy document for more terms and conditions.

^{^^} T&C Apply

ICICI Pru Guaranteed Pension Plan Flexi UIN