You may want your life after retirement to be filled with fun adventures or may want a peaceful life surrounded with family and friends. Either way, with increasing life expectancy and rising prices, you may need much more funds than what you estimate to fulfil your post-retirement goals. Hence, it is important to think about your post-retirement financial stability.

With ICICI Pru Guaranteed Pension Plan, you need not worry about your financial security. The guaranteed5 pension helps you to continue your preferred lifestyle even when your regular earnings stop. The plan comes with numerous benefits, making it an ideal investment to lead a comfortable retired life.

5 T&Cs Apply


Key Benefits of ICICI Pru Guaranteed Pension Plan

Guaranteed5 Lifelong Annuity

This annuity plan provides a pension throughout your life against a one-time lump sum payment. The pension can start the month following your plan purchase date. Moreover, you can also opt for a deferred annuity option1 where you pay a small sum regularly during your earning years instead of a one-time payment and choose when to start receiving your pension. The pension is decided by you when you buy the plan and is guaranteed5 for life, helping you budget your expenses effectively.

5 T&C apply


ICICI Pru Guaranteed Pension Plan lets you choose the frequency at which you receive the income. You can collect the income at monthly, quarterly, half-yearly or yearly intervals as per your financial needs.

Wide Range of Annuity Options

This pension plan offers 11 options. Thus, you are sure to find a payout option matching your specific needs. Some of the choices include:

  • Joint income for self and a close relative, covering your dependent family's living expenses in your absence
  • Return of the purchase price2 (premium) to you at a specified age
  • Return of the purchase price (premium) to your nominee in case of an eventuality, securing your loved ones against financial shortfalls

Thus, this plan helps cover a wide range of financial contingencies.

Top-Up Option4

At any point post the purchase of the plan, you can invest more money. The extra money invested helps you get more annuity in return. Therefore, this plan allows for systematic investments. You can enter the plan with a premium suited to your budget. Later, when you have access to additional funds, you can invest more and boost your retirement income.

Choose your Retirement Date

ICICI Pru Guaranteed Pension Plan gives you the freedom to receive income immediately or to defer it. You can delay the start of your income to a date 1 to 10 years from your purchase date. Thus, you can secure your financial well-being by buying the plan while you are working. Then you can defer the income for a future date to avoid financial crunches at a later age.

Moreover, you can fix the annuity interest at the rates prevailing on the date you buy the plan. It helps you avoid any reduction in your retirement income due to changing economic conditions.

Besides, under the deferred plan, your nominee receives an assured payout in case of an unfortunate event. Thus, this plan helps you safeguard your loved ones' financial health against the uncertainties of life.

Tax* Benefits

ICICI Pru Guaranteed Pension Plan helps lower your income tax burden by providing deductions from taxable income up to ₹ 1.5 lakh for your pension plan contributions. The payout received under the pension plan is also exempt subject to provisions of Section 10(10A)* of the Income Tax Act, 1961.


With a guaranteed5 lifelong income, you can fulfil your life goals even after retirement. The various annuity options ensure a financially secured future for you and your loved ones. Therefore, invest in ICICI Pru Guaranteed Pension Plan today and live life on your terms even during your retirement years.

5 T&C apply

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* Tax benefits under the policy are subject to provisions of the Income Tax Act, 1961. Goods 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 more details

1 Deferment Period/Deferred Annuity – You can choose to delay the Annuity payment from 1 to 10 years. The annuity will start after the deferment period will get over.

2 Return of Purchase Price is excluding Taxes. It's the Initial One time premium paid which will be returned to the client.

4 The additional annuity will be calculated using the then prevailing annuity rates and the age of the Annuitant at the time of top-up. This option can be chosen anytime while the policy is in-force. In case of the deferred annuity option, it can only be availed during the Deferment Period.

5 Annuity will be payable in arrears. The frequency of annuity payments can be monthly, half-yearly, quarterly or annually as chosen by the annuitant at the time of purchasing the annuity. The annuity amount chosen at policy inception is guaranteed for life.

Guaranteed Pension Plan is a non-linked, non-participating individual annuity plan

ICICI Pru Guaranteed Pension Plan UIN: 105N181V03


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