Introducing…

A training presentation

This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.

New updates

Clause Details Remarks

Assured benefit on vesting

Absolute amount – non zero return

Minimum guarantee to be return of premium

Death benefit At least the same guaranteed rate of return as Assured benefit

Guaranteed death benefit to be applicable

Policyholder options at vesting or surrender

Commute up to extent allowed under Income Tax Act and purchase Immediate Annuity with the remaining amount

Purchase single premium deferred pension product

Postponement of vestingAnnuity from same insurer

Mandatory annuitisation on vesting or surrender.

This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.

Pension Guidelines

Clause Details Remarks

Options for nominee on death of policyholder

Purchase Immediate AnnuityWithdraw entire proceeds

Sales literature and benefit illustration

Illustrative target purchase price and likely annuity amounts at 8% and 4%

Sales literature and EBI illustrations provided at 8% and 4% instead of 10% and 6%.

This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.

Key benefits

Equity participationEquity participation Build your retirement corpus through equity participation

Build your retirement corpus through equity participation

Get income for life for self and spouse using the retirement corpus

Get income for life for self and spouse using the retirement corpus

Assured BenefitAssured BenefitProtect your savings from market downturns through Assured Benefit

Protect your savings from market downturns through Assured Benefit

Limited premium payment term

Limited premium payment term

Pay premiums only for 5 or 10 years

Pay premiums only for 5 or 10 years

Guaranteed lifetime income

Guaranteed lifetime income

Multiple investment options

Multiple investment options

Invest according to your risk appetite

Invest according to your risk appetite

This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.

How does the plan work?

Choose premium payment option & policy term

Choose investment option as per your risk appetite Aggressive, Moderate or Conservative

Assured Benefit is calculated based on PPT, policy term, investment option and annual premium

Vesting benefit = Max (Assured Benefit, Fund Value)

Death benefit = Max (Guaranteed Death Benefit, Fund Value)

Premium payment option

PPT Policy Term

Five Pay 5 10, 15, 20, 25, 30

Ten Pay 10 20, 25, 30

This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.

Premiums will be invested in the following funds:

The allocation between these two funds will be determined by us based on your investment option, premium payment option and policy term.

To protect the accumulated savings, it is expected that as the policy nears maturity, a greater proportion of investment will be allocated to the Pension Secure Fund.

Assured benefit & equity participation

Fund Name Asset Allocation%

(Min)

%(Max)

Risk-Reward Profile

Pension Growth Fund

Equity & Equity Related Securities

Debt, Money Market & Cash

75%0%

100%25%

High

Pension Secure Fund

Debt Instruments,Money Market & Cash

100%

100% Low

This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.

Five Pay

Ten Pay

Assured benefit & equity participation

Investment option

Details

Policy term

10 15 20 25 30

Aggressive

Assured Benefit Factor

101%

101%

101%

101%

101%

Max exposure to PGF 65% 65% 75% 75% 75%

Moderate

Assured Benefit Factor

105%

115%

130%

150%

165%

Max exposure to PGF 45% 45% 50% 50% 50%

Conservative

Assured Benefit Factor

110%

125%

145%

170%

195%

Max exposure to PGF 25% 25% 25% 25% 25%

Investment option

Details

Policy term

20 25 30

AggressiveAssured Benefit Factor

101%

101%

101%

Max exposure to PGF 75% 75% 75%

ModerateAssured Benefit Factor

125%

140%

150%

Max exposure to PGF 50% 50% 50%

ConservativeAssured Benefit Factor

145%

165%

190%

Max exposure to PGF 25% 25% 25%

“Assured Benefit would depend on the premium, investment option, premium payment option and the policy term chosen by you. Assured Benefits will be applicable only on vesting. There will be a charge of 0.50% p.a. towards the cost of investment guarantee”

This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.

Vesting benefit

• Option 1:• Commute up to 1/3rd of Vesting Benefit• Utilise balance amount to purchase an immediate

annuity plan at the then prevailing rate

• Option 2: Purchase a single premium deferred pension product

• Option 1:• Commute up to 1/3rd of Vesting Benefit• Utilise balance amount to purchase an immediate

annuity plan at the then prevailing rate

• Option 2: Purchase a single premium deferred pension product

Options available on vesting date

Options available on vesting date

Higher of Assured Benefit and Fund ValueHigher of Assured Benefit and Fund Value

Note: • You have to purchase the Immediate Annuity plan

from ICICI Pru• NO Open Market Option

Note: • You have to purchase the Immediate Annuity plan

from ICICI Pru• NO Open Market Option

This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.

Death benefit

• Withdraw the entire death benefit amount

• Utilise all or part of the entire death benefit amount to purchase an immediate annuity plan at the then prevailing rates.

• Withdraw the entire death benefit amount

• Utilise all or part of the entire death benefit amount to purchase an immediate annuity plan at the then prevailing rates.

Options available to the nominee

Options available to the nominee

Higher of Guaranteed Death Benefit and Fund ValueHigher of Guaranteed Death Benefit and Fund Value• GDB depends on PPT, Term and Investment option

chosen • 101% of sum of premiums paid for

Aggressive• 105% - 165% of sum of premiums paid for

Moderate• 105%-195% of sum of premiums paid for

Conservative

• GDB depends on PPT, Term and Investment option chosen

• 101% of sum of premiums paid for Aggressive

• 105% - 165% of sum of premiums paid for Moderate

• 105%-195% of sum of premiums paid for Conservative

This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.

Loyalty additions

Get loyalty additions at the end of every policy year starting from the end of the 10th policy year.

This addition will be a percentage of the average of daily Fund Values in that same policy year.

Policy year 10 11 onwards

Loyalty Addition

2% 0.5%

Effective FMC of 0.85% from year 11 onwards !Effective FMC of 0.85% from year 11 onwards !

This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.

Surrender

During first five policy years: On receipt of intimation that you wish to

surrender during the first five policy years the Fund Value shall be transferred to the Pension Discontinued Policy Fund after deduction of applicable discontinuance penalty. You would be entitled to receive an amount only after the lock in period.

After completion of fifth policy year: On receipt of intimation that you wish to

surrender the policy after the first five policy years, you would be entitled to receive an amount not less than the Fund Value

This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.

Options available on surrender

To commute up to 1/3rd of the amount available on the termination of the Policy and to utilise the balance amount to purchase an immediate annuity plan at the then prevailing rate.

To purchase a single premium deferred pension product.

Note: • You CANNOT take your entire fund value as

lump sum on surrender

Note: • You CANNOT take your entire fund value as

lump sum on surrender

This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.

Boundary conditions

Five Pay Ten Pay

Premium payment term (PPT)

5 years 10 years

Policy term10,15,20,25,30

20,25,30 years

Min annualised premium

Rs. 24,000

Maximum premium Unlimited

Min/ Max Age at Entry 35 / 70 years

Min/ Max Age at Vesting

45 / 80 years

Premium payment mode

Annual / Half-yearly / Monthly

This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.

Charges

Premium allocation charge(As a % of premium)

Policy administration charges(As a % of annualised premium)

Subject to a maximum of Rs. 500 per month

FMC

Guarantee Charge: 0.50% p.a.(Deducted at the end of each policy month by redemption of units based on the closing fund value)

Mode Year 1-2

Year 3-5

Yearly and HY 3% 3%

Monthly 3% 2%

Policy Year Pol. Admin

Year 1 - PPT 0.3% p.m.

Thereafter 0.1% p.m.

Fund

Pension Growth Fund

Pension Secure Fund

FMC 1.35% p.a. 1.35%p.a

This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.

Shubh Retirement: Pension plan

Mr. Gaurav, a 50 years old senior executive in a pharma company, wants pension once he retires at

age 60

50 55 8060 70Pay 2 lakh p.a. for 5

years

Pay 2 lakh p.a. for 5 years

Get Rs 1 lakh per year for life for self and spouse (@8%)

Get Rs 1 lakh per year for life for self and spouse (@8%)

He invests in ICICI Pru Shubh Retirement, Five Pay and opts for the Conservative investment option

Vesting benefit of Rs. 14.8 lakh (@8%)

Vesting benefit of Rs. 14.8 lakh (@8%)

Assured Benefit of Rs. 11 lakh

Assured Benefit of Rs. 11 lakh

Illustration

This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.

Thank you