The scheme, named as Wise Monthly Income Bonds, has been designed to address the growing concern among the people who are at the verge of retirement or forced retirement to put their life long savings and earnings for assured monthly return for their livelihood. The company is already engaged in discussing and promoting the scheme among the employers who are either offering voluntary retirement scheme (VRS) for their employees or offering early retirement benefits. ``We are talking to 4-5 companies in this regard,'' said a spokesperson of ICICI.

However, the company is pondering over the idea of offering such bonds along with its regular public issue bonds under umbrella scheme or would it be offered as any time investable bonds forall people. In any case, the spokesperson said that the minimum assured return for an investment of Rs three lakh would be in the range of 13.75 to 14 per cent. The company is also toying with the idea of selling the product directly by recruiting agents and brokers across the country.