Everyone loves to enjoy and live a comfortable lifestyle. There is no reason why this should stop after retirement. You need to have a strong financial plan that gives a regular source of guaranteed income for your entire life so that you can live your life the way you want to.

ICICI Pru Saral Pension gives you the financial freedom to live your life with a comfort of lifetime guaranteed income. Everything is subject to change but your income should not be.

 
 
 
 
 

Benefits of ICICI Pru Saral Pension

 
 
 
 
 
 
 

Simple Steps to Buy Online

 
 

Choose an Option that best suits your Needs

  • Life Annuity with Return of 100% of Purchase Price (ROP): This option pays Annuity for life of the annuitant. On death of the Annuitant, the Purchase Price is paid out to the nominee and thereafter the policy shall terminate and no further benefits would be payable
  • Joint life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor: This option pays Annuity for life as long as either of the Annuitants are alive. On death of both the Annuitants, Purchase Price is paid out to the nominee and thereafter the policy shall terminate and no further benefits would be payable

Other Benefits

  • High Purchase Price Benefit: Enjoy higher income by increasing the purchase price with which you buy the annuity
  • Online Booster: Annuity will increase by 1% for policies purchased online
  • Loyalty Booster: Annuity will increase by 1% for policies purchased by an existing ICICI Prudential Customer
  • NPS Benefit: Annuity will increase by 1% for policies purchased using proceeds out of NPS

Customers can opt for only one of either Online Booster, Loyalty Booster or NPS Benefit.

Boundary Conditions

  • The minimum age at entry for the annuitants is as follows:
Annuity Options Minimum Age at Entry Maximum Age at Entry
Life Annuity with Return of 100% of Purchase Price (ROP) 40 80
Joint life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor 40 80

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

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1 Your annuity is informed to you when you buy the plan and is guaranteed and unchanged for life.

2 Joint Life will be the spouse of the Primary Annuitant.

3 Loan can be availed any time after six months from the date of commencement of the policy. Maximum amount of loan that can be granted under the policy shall be such that the effective annual interest amount payable on loan does not exceed 50% of the annual annuity amount payable under the policy. For further details, please refer to the policy document.

4 The policy can be surrendered any time after six months from the date of commencement, if the annuitant/ primary annuitant/ secondary annuitant or the spouse or any of the children of the annuitant is diagnosed as suffering from any of the specified critical illnesses. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale.

5 Tax benefits under the policy are subject to conditions under Section 80CCC, 115BAC and other provisions of the Income Tax Act,1961. Good and Service tax and Cesses, if any will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.

ICICI Pru Saral Pension UIN 105N184V01

W/II/3758/2021-22

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