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- Plans
- TERM INSURANCE
- ICICI Pru iProtect Smart (Bestseller)`~Lumpsum Payout
- Claims amount paid out in single instalments (lumpsum)
- Up to 5%`= Online Discount (Lifetime)
- Affordable High Life Cover!a to protect your family
- Up to 15%2 Salaried Discount (For 1st Year premium)
- Tax benefit^ on premiums paid and tax-free^ claims payout
- Optional 34 Critical Illnesses## rider & Accidental Death Benefit9 rider
- ICICI Pru iProtect Smart (New)Monthly Income Payout
- Claims amount paid in monthly instalments
- Up to 5%`= Online Discount (Lifetime)
- Up to 30%*2 discount on premiums for monthly income payout (Lifetime)
- Up to 15%2 Salaried Discount (For 1st Year premium)
- In-built Terminal Illness Benefit3A and Permanent Disability Waiver5
- Optional 34 Critical Illnesses## rider & Accidental Death Benefit9 rider
W/II/1316/2023-24
- ICICI Pru iProtect Smart (Bestseller)`~Lumpsum Payout
- Term Insurance with Returns
- ICICI Pru iProtect Smart – Smart Exit Option(Optional Return)
- Affordable High Life Cover2a to protect your family
- Flexibility to exit earlyō and get back total premiums paidS1
- Optional 34 Critical Illnesses## rider of up to ₹ 1 crore
- Optional Accidental Death Benefit9 rider of up to ₹ 2 crore
- In-built Terminal Illness Benefit4 and Permanent Disability Waiver5
- Tax benefit^ on premiums paid and tax-free^ claims payout and returns
- Special discount2 on first year’s premium for salaried customers
- ICICI Pru iProtect Return of Premium(Guaranteed Return3)
- High Life Cover1 to protect your family
- Guaranteed 105% return3 of life cover1 premium on maturity
- Option to get Monthly Income2a or Flexible Life Cover2 at every life stage
- Optional 64 Critical Illnesses4 rider of up to ₹ 1 crore
- Optional Accidental Death Benefit5 rider of up to ₹ 2 crore
- Tax benefit2b on premiums paid and tax-free2b claims payout and returns
- ICICI Pru Protect N Gain (New)(Market Linked Return)
- Potential to grow your wealth with Market Linked Returns
- Life cover1 up to 125x of Annual Premium7
- Return of Mortality and premium allocation charges2
- Unlimited tax-free* partial withdrawals4 allowed, that too free of cost
- Take control of your investments with unlimited free fund switches6
- Tax benefit* on premiums paid and tax-free* claims payout and returns
- ICICI Pru iProtect Smart – Smart Exit Option(Optional Return)
- ULIP (UNIT LINKED INSURANCE PLANS)
- ICICI Pru Signature (Popular)
- Financial protection for your loved ones with life cover
- Tax benefits u/s 80C & 10(10D)4
- Return of mortality and policy administration charges1
- Withdraw money regularly from your policy with SWP3
For offline Signature refer to Offline Signature Brochure
- ICICI Pru Protect N Gain (New)
- Potential to grow your wealth with Market Linked Returns
- Life cover1 up to 125x of Annual Premium7
- Return of Mortality and premium allocation charges2
- Maturity booster3 at policy maturity to boost your fund value
- Withdraw money regularly from your policy with SWP4
- Get added protection with Accidental Death cover5 and Accidental Disability cover5
- ICICI Pru Guaranteed Wealth ProtectorCapital Guarantee
- ICICI Pru1 Wealth
- Invest only once and enjoy benefits for entire policy term
- 100% amount invested in wide range of funds
- Choice of multiple funds
- Life cover to protect your loved ones
- Tax benefits up to ` 46,800 u/s80(C) and 10(10D)
- ICICI Pru LifeTime Classic
- ICICI Pru Smart Life
- ICICI Pru Signature (Popular)
- ULIP WITH CAPITAL GUARANTEE
- Signature Capital Guarantee II Solution
- Market-linked returns12 + 100% security9 of investment
- Life Cover4 to financially protect your loved ones in your absence
- Wealth boosters1 addition to boost your returns
- Tax2 benefits u/s 80C and 10(10D)
- ICICI Pru Save N Grow
- Market linked2 returns + Safety1 of investment
- Start creating wealth2 with a minimum premium of ₹1,850 p.m.
- Return of mortality and policy admin charges5 from 6th policy year
- Maturity booster6 to boost your earnings
- Life cover4 to financially protect your loved ones
- Tax3 benefits u/s 80C and 10(10D)
- Signature Capital Guarantee II Solution
- Guaranteed Return Plans
- Child Plans
- RETIREMENT AND PENSION PLANS
- ICICI Pru Saral Pension PlanSingle Premium Immediate Income
- ICICI Pru Guaranteed Pension Plan FlexiRegular Premium Future Income
- A regular-pay deferred annuity plan that helps you gradually build the retirement savings and provide guaranteed income for life
- Flexible premium paying terms and deferment periods
- Meet your healthcare and lifestyle needs through additional payout options1
- Financial security for your family even in your absence, with the Waiver of Premium feature3
- Annuity plan can cover either single or joint life2
- Tax benefits as per prevailing tax laws
- ICICI Pru Guaranteed Pension PlanSingle Premium Future Income
- Single premium plan to get guaranteed income for life with the option to defer income by upto 10 years
- Lock in the current interest rates for the annuity to be received later
- Annuity plan can cover either single or joint life*
- Flexible payout options to suit your need2
- Tax benefits# on premium paid u/s 80CCC of Income Tax Act, 1961
- ICICI Pru Guaranteed Pension Plan
- Single premium plan to get guaranteed income immediately for the rest of your life
- Annuity plan can cover either single or joint life*
- Flexible payout options to suit your need2
- Tax benefits# on premium paid u/s 80CCC of Income Tax Act, 1961
- Purchase annuities from your savings or accumulated NPS corpus
- ICICI Pru Gold Pension Savings Plan
- SAVINGS/ ENDOWMENT PLANS
- ICICI Pru Gold (New)
- Regular income1 up to 99 years of age followed by a lump sum2 on maturity
- Option to start receiving income immediately from the end of 1st policy year/month or defer3 it for a few years as per your need
- Protection through life cover4 till up to 99 years of age
- Tax benefits5 may be applicable on premiums paid and benefits received as per prevailing tax laws
- ICICI Pru Sukh Samruddhi (New)
- Choice to avail benefits as either Income or Lump sum
- Life cover1 for financial protection of your loved ones
- Option to receive income on any date of your choice with ‘Save the Date’2
- Option to accumulate income and withdraw it later as per your convenience with ‘Savings Wallet’3
- Tax benefits4 may be applicable on premiums paid and benefits received as per prevailing tax laws
- ICICI Pru Future Perfect
- ICICI Pru Savings Suraksha
- Life cover1 to protect your loved ones
- Guaranteed* Maturity Benefit2 and Guaranteed* Additions3
- Get Reversionary and Terminal Bonus4, if declared
- Tax5 benefits may be applicable to premiums paid and benefits received as per the prevailing tax laws
*Conditions apply
- ICICI Pru Gold (New)
- HEALTH INSURANCE
- ICICI Pru Heart / Cancer Protect
- iShield (New)
- Life cover1 till the age of 85 years
- Waiver of future premiums2 in case of permanent disability due to an accident
- Cashless hospitalisation3 at any of our network providers/hospitals
- Pre and post hospitalisation4 medical expenses covered
- Day care5 treatment: covers expenses for hospitalisation where 24 hours of hospitalisation isn’t required
- Tax benefits6 may be applicable on premiums paid and benefits received as per prevailing tax laws
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Retirement opens up a new phase of life in an individual’s life. You finally have the time to check all the things on your bucket list. Hence, you need adequate funds so that you don't have to compromise on your lifestyle during those post-retirement years.
In the absence of a regular source of salary or income, you have to rely entirely on your savings and investments.
Living costs will rise by the time you retire. You also have to take into account medical emergencies and other unforeseen expenses. Thus, to fund your old-age expenses, you need careful planning.
Pension funds can provide a supporting income, letting you enjoy complete financial freedom in your golden years.
Let us understand a bit about pension funds.
What are Pension Plans?
Pension funds are financial tools that help you in accumulating funds for your post-retirement years. By investing a certain amount regularly towards your pension fund, you will build up a considerable sum in a phase-by-phase manner. They generally have two stages–
- Accumulation stage: You pay a specific amount regularly until you retire.
- Vesting stage: Once you retire, you get a steady flow of income for life.
Who Should Consider Pension Plans?
Pension or annuity plans are valuable financial tools that can help you achieve your retirement goals. They provide you with the required financial support to live a financially independent life even during your retirement.
You want to continue your current lifestyle even during retirement. You may also have post-retirement goals, such as buying a house, traveling, pursing a hobby, starting a new venture and more. Pension plans provide you with regular income to help fulfil your financial needs during your retirement. You should consider buying an annuity plan if you are looking for a worry-free retirement.
Types of Pension Plans in India
1. NPS
The government of India introduced the National Pension Scheme (NPS) as a financial cushion for retired persons. Some of its features are as follows:
- You have to invest in this scheme until 60 years of age.
- The least sum you must invest is ₹ 1000/-. There is no upper limit.
- Your money will be invested in debt and equity funds based on your preference.
- The returns depend on the performance of the funds you choose.
- When you retire, you can withdraw 60% of your savings.
- You must use the remaining 40% to buy an annuity – a retirement plan offering periodic income.
2. Public Provident Fund (PPF)
PPF is a long-term investment scheme with a 15 years tenure. Thus, the impact of compounding is enormous, especially towards the end of the term.
Every year you can invest a maximum of ₹ 1.5 lakh in your PPF account. You can pay upfront or through twelve instalments staggered over the financial year. Your PPF investments are eligible for deductions* under Section 80C of the Income Tax Act, 1961 (ITA).
The government sets the interest rate on PPF every financial quarter, based on the profits from government securities. The funds are not market-linked.
3. Employee Provident Fund (EPF)
EPF is a government savings platform for salaried employees. Both your employer and you have to make equal contributions towards your EPF account. Your share is deducted from your salary every month. The Employees' Provident Fund Organisation (EPFO) sets the interest rate on the investment. On retirement, you receive the total funds contributed by you and your employer along with the accrued interests.
4. Annuity plans
Such plans provide a life cover along with a regular source of income. If an unfortunate event occurs while the plan is active, your family member receives a lump sum payout, however, there are other options too that do not offer this financial coverage. Annuity plans are of two types:
A. Deferred Annuity
It is a contract with an insurance provider helping you build a retirement corpus. You can make a single lump sum payment or pay regular premiums over a fixed time frame – the policy term. Thus, this scheme helps you invest as per your resources.
When the policy period ends, your pension starts. If your retirement date is far in the future, this plan is suitable for you.
B. Immediate annuity
It is a contract between an individual and an insurance company, wherein the individual pays a lump sum amount and receives guaranteed~ income for a lifetime, starting almost immediately.
ICICI Prudential Life's Guaranteed Pension Plan is one such retirement policy that offers both Immediate and Deferred Annuity options. It offers several benefits:
- A lifelong guaranteed~ income
- Eleven annuity options, including pension for your spouse/family member or return of purchase price to your nominee in your absence
- Options to avail income on a monthly, quarterly, half-yearly, or annual basis
- Top-up option to systematically increase your annuity income
- Attractive discounts for NPS subscribers or existing customers
- Tax benefits* on the premiums paid
- Option for lump sum payout on the diagnosis of critical illnesses or permanent disability is covered under the plan
- Options to get back the purchase price earlier in your lifetime
Thus, this plan secures you against all age-related exigencies and can be a lucrative financial cover in your retirement years.
~ T&Cs Apply
ICICI Pru Saral Pension
This is an annuity plan that can help you create a steady income during your retirement years. The plan offers a one-time lump sum premium payment option in return for a guaranteed~ income for life.
~ T&Cs apply
The income you receive during retirement is fixed and begins immediately after purchasing the plan. It is a well-rounded plan with features including flexible payout options and tax* benefits.
ICICI Pru Guaranteed~ Pension Plan Flexi
With this annuity plan, you can save money regularly during your earning years and receive regular income throughout your retirement. The plan offers multiple options to receive annuity payments, such as on a monthly, quarterly, half-yearly and yearly basis.
ICICI Pru Guaranteed~ Pension Plan Flexi offers the ‘Save the Date’ feature that allows you to select a specific date during your retirement to start receiving your annuities. The plan also offers the option to invest any surplus amount in the plan during the policy period, which leads to an increase in the income from the plan.
~ T&Cs apply
W/IA/2008/2020-21
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Disclaimers
*Tax benefits are subject to conditions under Section 80C, 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services 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.
~ 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.
ICICI Pru Guaranteed Pension Plan UIN: 105N181V03
ICICI Pru Guaranteed Pension Plan Flexi (non-linked non-participating individual deferred annuity plan) - UIN: 105N187V04
ICICI Pru Saral Pension Plan (non-linked non-participating single premium individual immediate annuity plan) - UIN: 105N184V05
W/IA/2008/2020-21
W/II/0612/2023-24
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