About ICICI Prudential Life Insurance Investment Plans

The plans from ICICI Prudential Life Insurance are basically low risk plans designed to help you save for definite goals in the future. ICICI Prudential Life Insurance Investment Plans provides you with the protection for your family from financial suffering in the event of your premature demise.

ICICI Pru Cash Advantage

  • This is a protection and savings oriented plan
  • Provides with a guaranteed Lump Sum at maturity, a guaranteed amount for 10 years, along with bonuses
  • The life cover offers financial defense to the family in the event of the death of the policyholder
  • As the payout term begins, ICICI Pru Cash Advantage offers liquidity immediately after the premium payment term
  • This plan guarantees:
    • Guaranteed Cash Benefit (GCB) which is equal to 1% of GMB each month over the 10 year payout tenure
    • At the end of the policy tenure, the policy offers Guaranteed Maturity Benefit (GMB)
  • The policy comes with a limited premium payment tenure 5 /7 and 10 years
  • Offers tax benefits as per the Income Tax Act
  • You can check the ICICI Prudential life insurance policy status online as to plan your finances and cover better

ICICI Pru Savings Suraksha

  • It is a protection and savings oriented plan
  • Offers the flexibility to opt for premium payment alternative on the basis of one’s requirements- pay premiums for the entire policy term (regular pay) or for a limited period (limited pay)
  • Under this plan, the life cover offers security for the whole policy term
  • ICICI Pru Savings Suraksha plan provides with savings with guarantees. At maturity, one receives the following:
    • Guaranteed Maturity Benefit (GMB)
    • Accrued Guaranteed Additions (GAs) which is offered during each of the first 5 policy years. The GA totaling 5% of GMB will accumulate to the policy
    • Terminal bonus (if there’s any)
    • Vested reversionary bonuses (if there’s any)
  • The policy offers flexibility to opt from different premium payment mode, policy term and Sum Assured as per needs. In case of limited pay option, one may also opt for the premium payment tenure
  • Offers tax benefits as per the Income Tax Act
  • Lets the policyholder keep a track on their savings and coverage by allowing them to check the ICICI Prudential life insurance policy status online

ICICI Pru Assured Savings Insurance Plan

  • Offers wealth growth along with guaranteed additions.
  • The policyholder can pay the premium as per his/her comfort.
  • The plan provides with a Lump Sum payout as well.
  • ICICI Pru Assured Savings Insurance Plan provides 10x of the Annual Premium as life cover.
  • The plan offers 5 pay alternatives
  • Coverage can be started with the minimum yearly premium of Rs. 30, 000/-.
  • The plan offers a term of 10 years with 5 payment options.

ICICI Pru Future Perfect

  • This plan offers Guaranteed Additions and Guaranteed Maturity benefits as long as the policyholder stays invested in it.
  • On the maturity of the plan, the policy provides with Revisionary and Terminal bonuses.
  • By offering wealth creation and life cover features, the plan also provides with financial defense to the family of the policyholder.
  • The policy offers tax benefits under Section 10(10D) and 80C of the India Income Tax Act.
  • Yearly premium of Rs. 12, 000 is the minimum premium by paying which a policyholder can start investing in this plan
  • Under this plan, the premiums can be paid for 5/ 7/ 10/ 15/ or 20 years as per the convenience of the policyholder.
  • This plan can last from 10 to 30 years.

It is always advisable that you compare every one of ICICI life insurance plans from other life insurers in India in order to pick the best life insurance policy that matches your requirements the most.