Question 1

What are the benefits payable on survival till the vesting date?

Accepted Answer

On survival of the Life Assured till the vesting date, the Fund Value including Top-up Fund Value along with Pension Booster. They can utilise the entire proceeds or commute up to 60% and utilise the balance amount to purchase an Immediate Annuity or Deferred Annuity from ICICI Life at the then prevailing annuity rate.

Question 2

What is the Pension booster?

Accepted Answer

The Pension Booster, which is added to your fund value at vesting, is the sum of all premium allocation charges, policy administration charges, and mortality charges deducted (excluding taxes) till the time of vesting.

Question 3

What is the death benefit available with this plan?

Accepted Answer

Under unfortunate circumstances of the Life Assured’s death, the nominee(s) will receive the higher of:
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

Question 4

What is the minimum and maximum entry age for this plan?

Accepted Answer

The minimum and maximum entry age limit are 18 and 75 years respectively.

Question 5

What is the minimum and maximum vesting age for this plan?

Accepted Answer

Under this plan, the minimum vesting age is 45 years and maximum is 90 years.

Question 6

What is the minimum and maximum premium paying term I can select?

Accepted Answer

You can select to pay your premiums once with the single pay option or go for the limited pay option with a minimum Premium Payment Term of 5 years. Your maximum term can be a ‘Minimum of 15 years or the Policy Term minus 5 years’

Question 7

What is the minimum and maximum premium for this plan?

Accepted Answer

The minimum premium for this plan is ₹90,000 p.a. for a 5-9 year Premium
Paying Term, ₹36,000 p.a. for ≥ 10 year for age <= 60 years and ₹2,00,000
p.a. for Limited Pay for age > 60 years

Question 8

Can I increase or decrease the premium?

Accepted Answer

You do not have the option to increase your premiums. However, you can decrease your premiums by up to 50% of the original annualised premiums. Once reduced, the premiums cannot be increased subsequently. Not Applicable for single pay premium payment option.

Question 9

Can I increase or decrease the Premium Payment Term?

Accepted Answer

You have the option to increase the Premium Payment Term, however, you cannot decrease.

Question 10

Can I postpone my vesting date?

Accepted Answer

You can postpone your vesting date by a minimum of one year. You can postpone the vesting date only till the Life Assured is 90 years of age (last birthday). The Pension Booster amount shall be payable on the revised vesting date.

Question 11

What are the Annuitisation Provisions for Policy Proceeds on vesting date?

Accepted Answer

The policyholder can utilise the entire proceeds or commute up to 60% and utilise the balance amount to purchase an Immediate Annuity or a Deferred Annuity from ICICI Life at the then prevailing annuity rate.

₹10,000 p.m.

₹ 2.70 Crore

₹10,000 p.m.

₹ 2.70 Crore¹²

Why choose ICICI Life?

Recommended for

Recommended for

Your financial roadmap with
ICICI Life Signature Pension

Fund Performace

Policy Charges

Frequently Asked Question

What are the benefits payable on survival till the vesting date?

What is the Pension booster?

What is the death benefit available with this plan?

What is the minimum and maximum entry age for this plan?

What is the minimum and maximum vesting age for this plan?

What is the minimum and maximum premium paying term I can select?

What is the minimum and maximum premium for this plan?

Can I increase or decrease the premium?

Can I increase or decrease the Premium Payment Term?

Can I postpone my vesting date?

What are the Annuitisation Provisions for Policy Proceeds on vesting date?

₹10,000 p.m.

₹ 2.70 Crore

₹10,000 p.m.

₹ 2.70 Crore12

Why choose ICICI Life?

Recommended for

Recommended for

Your financial roadmap withICICI Life Signature Pension

Fund Performace

Policy Charges

Frequently Asked Question

What are the benefits payable on survival till the vesting date?

What is the Pension booster?

What is the death benefit available with this plan?

What is the minimum and maximum entry age for this plan?

What is the minimum and maximum vesting age for this plan?

What is the minimum and maximum premium paying term I can select?

What is the minimum and maximum premium for this plan?

Can I increase or decrease the premium?

Can I increase or decrease the Premium Payment Term?

Can I postpone my vesting date?

What are the Annuitisation Provisions for Policy Proceeds on vesting date?

₹ 2.70 Crore¹²

Your financial roadmap with
ICICI Life Signature Pension