One-time investment plan

Guaranteed pension for life*

Wide range of pension options!

Flexible pension start date1

Flexible pension frequency2

Early return of purchase price3

Leave a legacy for your nominee4

Take care of your dependent in your absence5

High purchase price benefit6

Tax benefit (u/s 80CCC)#

Loyalty benefit&

ICICI Pru Guaranteed Pension Plan voted “Product of the Year”

by Consumer Survey of Product Innovation 2021

Frequently Asked Questions

What is a Pension Plan?
Who can invest in a Guaranteed Pension Plan?
What is the minimum and maximum pension amount, per annum?
Which age group is the plan applicable for?
What are the different plan options available through ICICI Bank?

  • ^Interest rate applicable would be as per the interest rate prevailing on the day of the purchase
  • *Your pension amount is informed to you when you buy the plan and is guaranteed and unchanged for life
  • ! You have an option to choose from 6 Immediate Annuity and 3 Deferred Annuity options, as per one’s financial needs through ICICI Bank. To know more about the options in detail, please refer to the product brochure
  • 1You can choose to receive pension immediately or after a period of 1-10 years from the plan purchase date
  • 2You can choose to receive a pension payout on a monthly, quarterly, half-yearly or yearly basis
  • 3This option is available only under immediate annuity plans. You can choose to receive early returns of the purchase price from the age of 76 or at the age of 80. Please refer to the product brochure for more details.
  • **Purchase Price is the premium with which the annuity plan was purchased
  • 4Applicable for all the annuity options, with return of purchase price. On the death of a pensioner (single life) or both the pensioners (joint life), the purchase price is paid out to the nominee
  • 5This option is available only with Joint Life. Joint Life can be either the spouse, child, parent or sibling
  • 6Under this benefit you get an additional pension amount, as per the purchase price slab and annuity option, as selected by you
  • #Tax benefits are subject to conditions of section 80CCC, 115BAC and other provisions of the Income Tax Act, 1961. Goods and services tax and cesses, if any, will be charged extra, as per applicable rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on the above
  • & You will receive a 1% higher pension amount if you are an existing customer of ICICI Prudential Life Insurance Co. Ltd.
  • ICICI Pru Guaranteed Pension Plan has won “Product of the Year 2021” Award in Retirement & Pension Plan category in a survey of 2250 people by NielsonIQ across categories

ICICI Bank Limited ("ICICI Bank") with registered office at ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara, 390 007, Gujarat (CIN: L65190GJ1994PLC021012) is a corporate agent (Composite, IRDAI Regn No.: CA0112 valid till 31/03/2025) of ICICI Prudential Life Insurance Company Limited ("ICICI Prulife"). Insurance is underwritten by ICICI Prulife. Purchase by ICICI Bank’s customer of any insurance products is purely voluntary, and is not linked to the availment of any other facility from ICICI Bank.

The products, services and benefits referred to herein are subject to terms and conditions governing them, as specified by ICICI Prulife from time to time. ICICI Bank shall not be liable or responsible for any loss resulting from insurance company's products/ services.

ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. Regn. No. 105. CIN: L66010MH2000PLC127837. Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600. Customer helpline number - 1860 266 7766. Timings – 10:00 A.M. to 7:00 P.M., Monday to Saturday (except national holidays). Member of the Life Insurance Council. ICICI Pru Guaranteed Pension Plan Form No. I13/I14 UIN 105N181V02, Advt. No.: W/II/3869/2021-22. For more details on the risk factors, term and conditions, please read the product brochure carefully, before concluding the sale. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license.


IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.


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