ICICI Prudential Life Launched ICICI Pru Guaranteed Pension Plan Flexi

Current Context: ICICI Prudential Life Insurance has launched the ICICI Pru Guaranteed Pension Plan Flexi with Benefit Enhancer on 17th January 2024.

• This is an industry-first annuity plan that provides customers with the option to receive a 100% refund of premiums paid at any time starting from the date of purchase.
• Key features of this plan include:
• Flexibility of regular savings for a lifelong guaranteed income.
• Flexibility to choose how long you want to pay premiums.
• Flexibility to choose when to start your annuity/income.
• Flexibility to receive annuity on a Monthly, Quarterly, Half-yearly, or Yearly basis.
• Wide range of annuity options to suit your retirement needs.
• “Save the Date” feature to receive your annuity on any date of your choice.
• Option to “Top-up” your plan as and when you have additional funds to invest.
• The plan offers 7 options to choose from as per your retirement needs.
• Notably, the Joint life option comes with a Waiver of Premium option.

Question:

Q.1 What is a unique feature of the ICICI Pru Guaranteed Pension Plan Flexi?
a. Option to receive a 50% refund of premiums paid
b. Option to receive a 100% refund of premiums paid
c. Option to receive a 150% refund of premiums paid
d. None of the above