ICICI Pru Life - Signature Pension Plan - Pension Multi Cap Balanced Fund

NAV on (08 May 2026)

40.385

About Plan

Introducing ICICI Pru Signature Pension - a Non-Participating, Linked, Pension Individual, Savings plan. This plan is specifically designed to secure your retirement by leveraging market-linked growth, helping you achieve your long-term financial goals. Ensure a comfortable and fulfilling post-retirement life for yourself and your loved ones with the ICICI Pru Signature Pension.

Features

1. Grow your wealth:
Benefit from market-linked returns with a choice of 8 fund options and 3 portfolio strategies to enhance your retirement savings
2. Make the most of your savings:
Save in the product with a low-cost charge structure with return of premium allocation,
policy administration and mortality charges on policy vesting
3. Boost your savings:
Top-up to boost your savings and meet your evolving financial goals
4. Faster policy issuance:
Faster policy issuance provided you submit required documents and on your confirmation of good health
5. Emergency access to funds:
Flexibly withdraw from your retirement pot in case of major life events or illnesses
6. Re-plan your pension start date:
Option to defer receiving the policy proceeds on vesting till the age of 80 years and instead
continue to grow the vesting corpus
7. Optimise your tax savings:
Receive Tax benefits on premiums paid and benefits received (as per prevailing tax laws)

Entry Age Details

Minimum/Maximum age at entry (in years):

Minimum: 18 years
Maximum: 65 years

Vesting Age Details

Minimum Vesting Age / Maximum Vesting Age (in years)

60 years/ 80 years

Policy Term

Minimum/ Maximum Policy term (in years)

Minimum: Minimum of 20 years or 80 minus Age at entry
Maximum: 62 years

Premium Payment Term

Premium Payment Term (in years):
5-9
10-15
Sigle Pay

Premium Payment Option: Limited Pay

Maximum Premium Payment Term allowed will be Minimum of 15 years or Policy Term minus 5 years

Premium Details

Rs. 1,00,000
Rs. 60,000
Rs. 6,00,000

Premium payment mode

Premium Payment Frequency: Annual, Half- yearly, Monthly, Single Pay

Death Benefits

If the person whose life is covered under this policy (known as the Life Assured) passes away during the Policy Term, the insurance cover amount will be paid to the Claimant, provided the policy is in-force and the monies are not in the Discontinuance Fund -Pension.
Death Benefit (life insurance benefit) payable will be the higher of
Fund Value including Top-up Fund Value (if any) as available on date of intimation of death or date of foreclosure or Vesting Date whichever is earlier, or
Minimum Death Benefit
Minimum Death Benefit will be 105% of the total premiums paid up to the date of death.
On death of the Life Assured, while monies are in the Discontinued Policy Fund, Death Benefit payable to the Claimant will be the proceeds of the Discontinuance Fund -Pension applicable to the Policy.
In the event of death of the Life Assured on the Vesting Date, then only the Vesting Benefit (if applicable) is payable to the Claimant and Death Benefit is not payable. The Claimant can receive the Death Benefit either as a lumpsum or choose to annuitize the same. Please refer Clause 8 of the Terms and Conditions mentioned below for details.
On payment of this benefit the policy will terminate and all rights, benefits and interests under the Policy will stand extinguished.

Vesting Benefit

As you pay your due premiums, the premiums grow at a rate (based on the performance of the fund(s)) when allocated in your choice of fund(s).
Upon policy vesting, provided the policy has not already terminated, you will receive the following:
Fund Value including Top-up Fund Value and Pension Booster
ICICI Pru Signature Pension is a cost-effective retirement saving product. On policy vesting, you receive a Pension Booster, which shall be the sum of all premium allocation charges, policy administration charges, and mortality charges deducted (excluding taxes) till the time of vesting.

Tax Benefits

Tax benefits may be available as per prevailing tax laws. Tax benefits under the policy are subject to prevailing conditions and provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per applicable rates. The tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details.

Free Look Period

Freelook period: You have an option to review the Policy following receipt of Policy Document. If you are not satisfied with the terms and conditions of this policy, please return the policy document to the Company with reasons for cancellation within 30 days from the date you received it.
On cancellation of the policy during the free look period, you shall be entitled to an amount which shall be equal to non-allocated premium plus charges levied by cancellation of units plus Fund Value at the date of cancellation less proportionate risk premium for the period of cover, stamp duty expenses under the policy and expenses borne by us on medical examination, if any.
The policy will terminate on payment of this amount and all rights, benefits and interests under this policy will stand extinguished.

Grace Period

The grace period for payment of premium is 15 days for monthly mode of premium payment and 30 days for other modes of premium payment commencing from the premium due date. The life cover continues during the grace period. In case of Death of Life Assured during the grace period, We will pay the applicable Death Benefit. This is not applicable for Single Pay policies.

Policy Loans

Loans: The Company will not provide loans under this policy.

Withdrawal

Along with the need for a corpus to take care of your retirement goals, it is also essential to have access to funds to take care of major life events and/or unplanned expenses.
This option allows you to encash up to 25% of the Fund Value including the Top-Up Fund Value (if any) any as on date of request subject to the following:
a. The first withdrawal will be permitted after completion of lock-in period, provided the monies are not in the discontinued policy fund
b. The minimum value of any partial withdrawal is
5,000.
c. The partial withdrawal amount shall not exceed 25% of the fund value as on date of request.
d. You are permitted to make a maximum of 3 partial withdrawals during the Policy Term.
e. The partial withdrawals made shall be allowed from the fund built up from the top-up premiums, if any, as long as such fund supports the partial withdrawal and subsequently, the partial withdrawals may be allowed from the fund built up from the Instalment premium.
f. The partial withdrawals shall not be allowed which would result in termination of the policy.
g. You can avail this facility for the following specific purposes only:
For higher education of the Life Assured children including a legally adopted child.
For the marriage of the Life Assureds children, including a legally adopted child.
For the purchase or construction of a residential house or flat in the life Assured's own name or in joint name with the Life Assureds legally wedded spouse. However, if the Life Assured already owns a residential house or flat (other than ancestral property), no withdrawal shall be permitted.
For treatment of critical illnesses: for the Life Assured, his/her legally wedded spouse, dependent children, including legally adopted child.
Medical and incidental expenses arising from disability or incapacitation suffered by the Life Assured.

Surrender Details

It is recommended that you continue with your policy to avail all benefits.
During the Lock-in Period, on the receipt of intimation by Us that You wish to Surrender the Policy, the unit fund value including top-up fund value, if any, after deducting applicable discontinuance charges shall be credited to the discontinuance policy fund and risk cover and rider cover, if any, shall cease. The fund management charges of the
discontinuance fund will be applicable during this period and no other charges will be applied.
You or the Claimant, as the case may be, will be entitled to receive the Discontinued Policy Fund Value applicable to your policy, on the earlier of death of the Life Assured or the expiry of the lock-in period. Currently the lock-in period is five years from policy inception.
After completion of the Lock-in Period, on receipt of intimation by Us that You wish to Surrender the Policy, the Surrender Value shall be equal to the unit fund value including top-up fund value as on date of surrender. Surrender value can be received as per the annuitization provision mentioned in Clause 8 of the Terms & Conditions.

Revival Details

You can revive your policy benefits for their full value within three years from the due date of the first unpaid premium. Revival will be based on the prevailing Board approved underwriting guidelines. Revival is not applicable for Single Pay policies.

Premium allocation Charges

Premiums are allocated to the chosen funds after deducting the following Premium Allocation Charges (as shown as percentages of each premium paid):
Limited Pay: 4%
Single Pay: 0%
Top-up Premium: 0%

Fund Management Charges

Fund Management Charge is applicable and will be adjusted from the NAV on a daily basis. This charge will be a percentage of the Fund Value. The following FMC is applicable:

Fund FMC p.a.
Pension Multi Cap Growth Fund 1.35%
Pension Opportunities Fund 1.35%
Pension Bluechip Fund 1.35%
Pension Multi Cap Balanced Fund 1.35%
Pension Income Fund 1.35%
Pension India Growth Fund 1.35%
Pension Balanced Fund 1.35%
Pension Money Market Fund 0.75%

If you stop paying any due premiums or if you surrender the policy in the first five years, the policy is said to have been discontinued and the fund value after deduction of Discontinuance Charges are moved to the Discontinuance Fund - Pension. The Fund Management Charge for this fund is 0.50% p.a.

Mortality Charges

Mortality charge is the cost of the life insurance cover and depends on your age and gender.
These charges will be levied every month by redemption of units based on the Sum at Risk.
Sum at Risk during the policy term = Highest of,
Fund Value (including Top-up Fund Value, if any),
Minimum Death Benefit
Less
Fund Value (including Top-up Fund Value, if any).
Mortality Charge will be deducted monthly by redemption of units. Mortality charges will be deducted until the earlier of date of death of the Life Assured and the end of policy term. Mortality charges deducted (if any) subsequent to the date of death shall be added back to the Fund Value as applicable for computation of death benefit payable.
Indicative annual charges per thousand life cover for a healthy male and female life are as shown below:
Age (yrs) 30 40 50
Male ( ) 0.763 1.311 3.461
Female ( ) 0.735 1.134 2.759

Policy Administration Charges

Policy Administration Charge will be levied at the beginning of every month by redemption of units, subject to a maximum of 500 per month for the entire policy term.
The monthly policy administration charge in this product is 0.20% of annual premium for limited pay and Rs.500 per month for single pay. Policy Administration Charge will be levied until the earlier of intimation of death of the Life Assured and the end of the policy term.

Discontinuance Charge

Discontinuance Charges are described below:
For Single Pay policies:

Where the policy is Discontinuance Charge
discontinued during Single premium = Rs.3,00,000 Single premium > Rs.3,00,000
the policy year

1 Lower of 2% of (SP or FV), Lower of 1% (SP or FV),
subject to a maximum of ` 3,000 subject to a maximum of Rs. 6,000
2 Lower of 1.5% of (SP or FV), Lower of 0.7% (SP or FV),
subject to a maximum of Rs.2,000 subject to a maximum of Rs.5,000
3 Lower of 1% of (SP or FV), Lower of 0.5% (SP or FV),
subject to a maximum of Rs.1,500 subject to a maximum of Rs.4,000
4 Lower of 0.5% of (SP or FV), Lower of 0.35% (SP or FV),
subject to a maximum of Rs.1,000 subject to a maximum of Rs.4,000
5 and onwards Nil Nil

For Limited Pay policies:

Where the policy is Discontinuance Charge
discontinued during Annualized premium = Rs. 50,000 Single premium > Rs.50,000
the policy year

1 Lower of 20% of (AP or FV), Lower of 6% (AP or FV),
subject to a maximum of Rs.3,000 subject to a maximum of Rs.6,000
2 Lower of 1.5% of (AP or FV), Lower of 4% (AP or FV),
subject to a maximum of Rs.2,000 subject to a maximum of Rs.5,000
3 Lower of 10% of (AP or FV), Lower of 3% (AP or FV),
subject to a maximum of Rs.1,500 subject to a maximum of Rs.4,000
4 Lower of 5% of (AP or FV), Lower of 2% (AP or FV),
subject to a maximum of Rs.1,000 subject to a maximum of Rs.2,000
5 and onwards Nil Nil

The RIY has been calculated after applying all the charges (except Goods & Services Tax and cesses, if any, mortality charges and rider charges, if any).
#RIY stipulated is as per IRDAI (Unit Linked Insurance Products) Regulation, 2024.

General Exclusions

Suicide Clause: If the Life Assured commits suicide within 12 months from the date of commencement of the policy or from the date of policy revival, only the Fund Value, including Top- up Fund Value, if any, as available on the date of intimation of death or date of foreclosure / Vesting Date whichever is earlier, would be payable to the Claimant. Any charges other than Fund Management Charges and guarantee charges, if any, recovered subsequent to the date of death shall be added back to the fund value as available on the date of intimation of death or date of foreclosure/Vesting Date. There is no other exclusion applicable with respect to death other than suicide clause.

Returns (as on 08-May-2026)

Period	Absolute (%)	Annualised (%)
1 Week	1.2	0
1 Month	2.1	30.1
3 Months	-1.1	-4.3
6 Months	-1.3	-2.5
1 Year	4.1	4.1
2 Years	0	0
3 Years	0	0
5 Years	0	0

NAV Chart

Historic Graph:

From

52-week High

₹41.4733

02-Jan-2026

52-week Low

₹37.6514

30-Mar-2026

Claim & Solvency Ratio

Claim Ratio	Solvency Ratio
99% (2023-24)	2% (March 2024)

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What is health insurance? +

Health insurance is a type of coverage that pays for medical and surgical expenses incurred by the insured. It may also provide coverage for other types of health-related costs, such as prescription drugs, mental health services, and preventive care.

Why do I need health insurance? +

Health insurance helps protect you from high medical costs. It provides access to medical care when you need it, helping to pay for doctor visits, hospital stays, surgeries, prescription medications, and other health-related services.

What is a premium? +

A premium is the amount you pay for your health insurance every month. Depending on your plan, the premium may vary based on factors like age, location, and level of coverage.

What is a deductible? +

A deductible is the amount of money you must pay out-of-pocket before your health insurance starts covering your medical expenses. For example, if you have a deductible of $1,000, you must pay $1,000 out-of-pocket before your insurance starts covering your medical bills.

What are copayments and coinsurance? +

Copayment (copay): A fixed amount you pay for a covered health care service, typically when you get the service. Coinsurance: The percentage of the cost you pay for covered health services after you've paid your deductible. For example, if your coinsurance is 20%, you pay 20% of the bill, and the insurance company pays the remaining 80%.

What is an out-of-pocket maximum? +

The out-of-pocket maximum is the maximum amount you can spend on your health insurance. If you exceed this amount, your insurance company will pay 100% of your medical expenses.

What is the difference between in-network and out-of-network providers? +

In-network providers: Health care providers that have a contract with your health insurance plan to provide services at negotiated rates. Out-of-network providers: Providers that don't have a contract with your insurance plan. Services from these providers may cost more or not be covered at all.

What is a Special Enrollment Period (SEP)? +

The Special Enrollment Period (SEP) is a special time during the year when you can sign up for or make changes to your health insurance plan. If you miss this period, you may have to wait until the next one unless you qualify for a Special Enrollment Period (e.g., due to a life event like marriage or having a baby).

Can I keep my doctor with health insurance? +

If you have a preferred doctor, it’s important to check if they are in-network with your insurance plan. If they are not in-network, you may need to pay more out-of-pocket, or you may have to switch to another doctor who is in-network.

What is a Health Savings Account (HSA)? +

A tax-advantaged account for people with high-deductible health plans (HDHPs). The funds roll over from year to year and can be used for qualifying medical expenses.

What is a Flexible Spending Account (FSA)? +

A tax-advantaged account for people with low-deductible health plans (LDHPs). The funds roll over from year to year and can be used for qualifying medical expenses.

What is a Health Maintenance Organization (HMO)? +

An HMO is a type of health insurance plan that requires you to choose a primary care physician (PCP) and get referrals from them to see specialists. HMOs often have lower premiums and out-of-pocket costs but offer less flexibility in choosing providers.

What is a Preferred Provider Organization (PPO)? +

A PPO is a health insurance plan that offers more flexibility in choosing healthcare providers and doesn’t require referrals to see specialists. You can see any doctor, but you’ll pay less if you use in-network providers.

What is the difference between a Health Savings Account (HSA) and a Flexible Spending Account (FSA)? +

HSA: A tax-advantaged account for people with high-deductible health plans (HDHPs) The funds roll over from year to year and can be used for qualifying medical expenses. FSA: A tax-advantaged account for people with low-deductible health plans (LDHPs) The funds roll over from year to year and can be used for qualifying medical expenses.

What does the term "pre-existing condition" mean? +

A pre-existing condition is a medical condition that you had before you got your health insurance. It could include things like diabetes, high blood pressure, or heart disease.

Can I cancel my health insurance at any time? +

Yes, you can cancel your health insurance plan at any time. However, if you cancel outside the open enrollment period, you may not be able to get another plan until the next enrollment period unless you qualify for a Special Enrollment Period.

Are prescription drugs covered by health insurance? +

Many health insurance plans cover prescription medications, but the coverage may vary. Plans typically have a formulary, or list of covered drugs, and different drugs may have different levels of coverage, depending on whether they are generic, brand-name, or specialty drugs.

What is preventive care? +

Preventive care includes health services that help prevent illnesses, such as vaccinations, screenings, and annual checkups. Under the Affordable Care Act, most preventive services are covered by health insurance plans at no additional cost to the policyholder.

What should I do if my health insurance claim is denied? +

If your claim is denied, you can appeal the decision. Review the denial letter for reasons, contact your insurer for assistance, and file a written request for a hearing. If you win the appeal, you may be able to get a refund or other compensation.

How can I choose the best health insurance plan for me? +

When selecting a plan, consider factors like: Your health care needs (e.g., frequent visits, prescriptions) The plan’s network of doctors and hospitals The cost of premiums, deductibles, copays, and out-of-pocket maximums Coverage for specialized care or treatments Compare the different plans and benefits to find one that meets your needs.

What happens if I don't have health insurance? +

If you don’t have health insurance, you can still access some health care services, such as emergency care, in-network doctors, and in-network hospitals. You may be eligible for Medicaid, which provides some health care services at no cost to you.

What is life insurance? +

Life insurance is a contract between you and an insurance company, where you pay regular premiums in exchange for a lump sum payment (death benefit) to your beneficiaries upon your death.

What are the different types of life insurance? +

Term Life Insurance: Provides coverage for a specific period (e.g., 10, 20, or 30 years). If you pass away during this term, your beneficiaries receive the death benefit. It does not build cash value. Whole Life Insurance: Offers lifetime coverage with a death benefit and also builds cash value over time, which you can borrow against or use. Universal Life Insurance: A flexible policy that allows you to adjust the premiums and death benefit while also building cash value.

How much life insurance coverage do I need? +

The amount of coverage you need depends on factors like your income, debts, family needs, and long-term financial goals. A common rule is to have coverage worth 10 to 15 times your annual income, but this can vary based on your individual situation.

What is the difference between beneficiaries and policyholders? +

The policyholder is the person who owns the life insurance policy and pays the premiums, while the beneficiary is the person or group that receives the death benefit when the policyholder passes away.

Can I change my beneficiaries? +

Yes, you can change your beneficiaries at any time during the life of the policy, as long as the policy is in force and you follow the correct procedure with the insurance company.

What is the contestability period? +

The contestability period is the time during which you have the right to contest the decision of the insurer to pay the death benefit. This period varies depending on the type of life insurance policy and the insurer.

Does life insurance cover accidental death? +

Some life insurance policies include accidental death coverage, while others may require a separate rider for this benefit. Be sure to review your policy to understand what’s covered.

Can I cancel my life insurance policy at any time? +

Yes, you can cancel your life insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is cash value? +

Cash value is the accumulated value of the life insurance policy that can be used to pay for expenses, such as medical bills or funeral expenses.

How do I borrow against cash value? +

You can borrow against the cash value of your life insurance policy, but it will need to be repaid, and any unpaid loan will reduce the death benefit.

What is the difference between whole life and universal life insurance? +

Whole life insurance provides coverage for a specific period (e.g., 10, 20, or 30 years) and builds cash value over time. Universal life insurance offers lifetime coverage with a death benefit and also builds cash value over time.

How are life insurance premiums determined? +

Life insurance premiums are based on factors like age, health, lifestyle (e.g., smoking), coverage amount, and type of policy. Generally, younger, healthier individuals pay lower premiums.

Can I borrow money from my life insurance policy? +

If you have a whole life or universal life policy, it may build cash value over time. You can borrow against this cash value, but it will need to be repaid, and any unpaid loan will reduce the death benefit.

What happens if I stop paying my life insurance premiums? +

If you stop paying premiums, your policy may lapse. For permanent policies like whole or universal life, the cash value may cover the premiums for a time, but eventually, if premiums are not paid, the policy will end.

What is auto insurance? +

Auto insurance is a contract between you and an insurance company that provides financial protection against damage or injury caused by accidents, theft, or other incidents involving your vehicle. It covers both liability and your vehicle's repair costs depending on the type of policy.

What types of auto insurance coverage are available? +

There are several types of auto insurance coverage, including liability, collision, comprehensive, uninsured/underinsured motorist, and additional coverage like roadside assistance and collision damage waiver.

How much auto insurance do I need? +

The amount of coverage you need depends on factors such as the value of your car, your driving habits, your state's legal requirements, and whether you own or lease your vehicle. A good starting point is to meet your state's minimum required coverage, but you may want additional coverage for added protection.

Can I cancel my auto insurance policy at any time? +

Yes, you can cancel your auto insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is the difference between liability and comprehensive coverage? +

Liability coverage covers the damages and injuries caused by accidents, while comprehensive coverage also covers non-accident damages, such as theft or vandalism.

How do I choose the right auto insurance policy? +

When selecting an auto insurance policy, consider factors such as the type of coverage you need, your driving habits, the value of your vehicle, and your state's legal requirements.

What factors affect my auto insurance premium? +

Several factors impact your insurance premium, including: Your driving history (accidents, tickets), The make, model, and age of your car, Your location (accident rates in your area), Your age, gender, and marital status, The level of coverage you choose, Your credit score (in some states).

What is a deductible? +

A deductible is the amount you must pay out of pocket before your insurance policy starts to cover the remaining cost of repairs or claims. For example, if you have a $500 deductible and incur $2,000 in damages, you will pay $500, and your insurer will pay the remaining $1,500.

What is the difference between comprehensive and collision coverage? +

Collision coverage pays for repairs to your vehicle after a collision with another vehicle or object, regardless of who is at fault. Comprehensive coverage covers non-collision incidents, such as theft, vandalism, or damage from natural disasters.

Can I get uninsured/underinsured motorist coverage? +

Yes, uninsured/underinsured motorist coverage is available in some states. This coverage provides financial protection for you if another driver is uninsured or underinsured.

Is auto insurance required by law? +

Yes, in most states, you are required to have a minimum level of liability insurance. Some states also require additional coverage like Personal Injury Protection (PIP) or uninsured motorist coverage. The requirements vary by state, so it’s important to check your local laws.

What happens if I don’t have auto insurance? +

If you drive without insurance, you risk facing legal penalties, fines, and the possibility of your driver's license being suspended. If you're involved in an accident, you could be held responsible for the damages.

Can I add other drivers to my auto insurance policy? +

Yes, you can add other drivers, such as family members or friends, to your policy. However, their driving record and age may affect your premium. It's important to inform your insurer about all the drivers in your household.

What should I do if I get into an accident? +

If you're in an accident, follow these steps: Ensure safety by moving to a safe location if possible. Call the police and file a report. Exchange contact and insurance information with the other driver(s). Take photos of the accident scene, vehicle damage, and injuries. Notify your insurance company about the accident as soon as possible.

What is home insurance? +

Home insurance is a contract between you and an insurance company that provides financial protection against damage or loss caused by natural disasters, theft, or other incidents.

What types of home insurance coverage are available? +

There are several types of home insurance coverage, including flood, fire, burglary, and liability. You may also have coverage for water damage, mold, and other property damage.

How much home insurance do I need? +

The amount of home insurance coverage you need depends on the value of your property, the type of coverage you want, and your insurance provider. You may also need additional coverage for water damage, mold, and other property damage.

Can I cancel my home insurance policy at any time? +

Yes, you can cancel your home insurance policy at any time, provided you follow the correct procedure with the insurance company.

What is the difference between flood and fire coverage? +

Flood coverage covers damage caused by floods, while fire coverage covers damage caused by fires.

How do I choose the right home insurance policy? +

When selecting home insurance, consider factors such as the type of coverage you need, the value of your property, and your insurance provider.

What factors affect my home insurance premium? +

Factors such as the type of coverage you need, the value of your property, and your insurance provider can significantly impact your premium.