In this policy, the investment risk in investment portfolio is borne by the policyholder
Be retirement ready! Retirement is the beginning of a new adventure. It marks the transition from a lifetime of work to a period of relaxation, exploration, and more.
But why is retirement planning crucial? Retirement planning ensures you have the resources to maintain your current lifestyle, cover unexpected expenses, pursue your passions and live a financially independent life. Knowing you’re prepared brings peace of mind and allows you to focus on making memories rather than worrying about money.
Keeping this in mind we introduce “ICICI Pru Signature Pension”
This plan is specifically designed to help you achieve your retirement goals by leveraging market-linked growth. Ensure a comfortable post-retirement life for you and your loved ones with the ICICI Pru Signature Pension plan.
Begin your retirement journey with thoughtful planning—it’s an investment in your future happiness.
About the Plan
This is a unit-linked pension plan, wherein your premium is allocated among the funds of your choice6 (equity, debt and/or balanced funds) to help you build the retirement savings. It also offers 3 portfolio strategies to help you save as per your goals and risk appetite. This is a cost-effective plan where your charges are added back to your fund value at vesting (maturity). These charges include premium allocation charge, mortality charge and policy administration charge.
At maturity, you have the option to commute upto 60% of the maturity amount completely tax free1. You must utilise at least 40% of the maturity amount to purchase an annuity plan through which you can enjoy guaranteed regular income for life.
7 Benefits of ICICI Pru Signature Pension
STEPS TOWARDS SAVING FOR YOUR RETIREMENT GOALS
ELIGIBILITY CRITERIA
Premium Payment Option: Limited Pay / Single Pay; Maximum Premium Payment Term allowed will be Minimum of 15 years or Policy Term minus 5 years
Premium Payment Frequency: Annual, half- yearly, monthly, single pay
Premium Payment Term (in years) | Minimum / Maximum Policy Term | Minimum / Maximum Age at Entry | Minimum Vesting Age / Maximum Vesting Age | Minimum Premium |
---|---|---|---|---|
5 – 9 | Minimum: Minimum of 20 years or 80 minus Age at Entry Maximum: 62 years Maximum: 62 years |
Minimum: 18 years Maximum: 65 years |
60 years/ 80 years | ₹ 1,00,000 |
10 – 15 | ₹ 60,000 | |||
Single Pay | ₹ 6,00,000 |
FUND PERFORMANCE
Please note: NA: Fund has not completed the stipulated time period
Past performance is not indicative of future performance.
FREQUENTLY ASKED QUESTIONS
What is the death benefit available with this plan?
- The Fund Value including Top-up Fund Value (if any)
OR - Minimum Death Benefit (105% of the total premiums paid up to the date of death)
The nominee(s) can exercise any of the following options:
- Withdraw the entire proceeds of the policy
OR - Utilise the entire proceeds of the policy or a part thereof for purchasing an Immediate Annuity or Deferred Annuity at the then prevailing rate