During your earning years, you have worked hard and built a life for yourself and your family. You may have a new set of dreams and goals for your post-retirement life.

You would want to continue your current lifestyle post retirement. You may also want to travel, pursue a hobby, start a new venture, and more. To ensure your financial independence even after retirement, you can consider investing in a retirement plan that can provide you with a monthly income.

How to get a fixed monthly income after retirement

To get a fixed monthly income after retirement, you can consider investing in a retirement annuity plan. These plans provide you with guaranteed income for life.

ICICI Pru Guaranteed Pension Plan is one such annuity plan that provides you with guaranteed¹ monthly income for life in exchange for a lump sum amount. You can choose to receive this income immediately or at a later age. The income amount is fixed at the time of the purchase of the plan.

¹T&Cs apply

Below are some key benefits offered by ICICI Pru Guaranteed Pension Plan:

1. Multiple annuity options

The plan provides multiple annuity options to choose from. These options help you customise the plan as per your requirements. You can either purchase the plan for yourself or cover your spouse as well. You can also opt to get back the amount you have paid at the time of the purchase of the plan at a later age or in case of an unfortunate event.

2. Higher annuity amount through boosters

The plan offers the below boosters that provide a higher annuity amount

• Online booster: You can get 1% higher annuity if you purchase the plan online
• Loyalty booster: If you are an existing customer of ICICI Prudential Life, you can get 1% higher annuity
• NPS benefit: You can get 1% higher annuity if you purchase the plan using the proceeds out of NPS

Please note that you can opt for only one of the boosters - Online booster, Loyalty booster or NPS benefit.

3. Option to top-up the annuity amount

You may want to increase the investment in your annuity plan as per your changing requirements. ICICI Pru Guaranteed Pension Plan provides you the top-up option that allows you to invest any surplus amount in your existing plan.

4. Tax benefits^*

The premiums paid towards the plan are allowed as tax deduction^* of up to ₹ 1.5 lakh per annum under Section 80C of the Income Tax Act, 1961.

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