Why is ICICI Pru Cash Advantage special?

Adds to your regular income

With ICICI Pru Cash Advantage, as soon as your premium payment term ends, you start receiving money at regular intervals. This regular pay-out is called Guaranteed Cash Benefit (GCB).

How much Guaranteed Cash Benefit do I receive?

The regular Guaranteed Cash Benefit (GCB) starts from the year when your premium payment term ends. It is paid every year post that till the end of your policy. You can choose to receive this benefit either monthly or yearly as shown below:

Cash Benefit Mode Guaranteed Cash Benefit (GCB)
Monthly 1 % of Guaranteed Maturity Benefit*
Yearly 11.5 % of Guaranteed Maturity Benefit

*Guaranteed Maturity Benefit or GMB is the fixed amount you receive at maturity.

Gives you a lump sum pay-out to secure your future

At the end of the policy term, you will receive a lump sum pay-out called Guaranteed Maturity Benefit, which helps you fulfill your family’s dreams.

How much money do I get at policy maturity?

At the end of the entire duration of the policy, you receive a lump sum pay-out called Maturity Benefit, provided all premiums until that year are paid. It will be the higher of:

  • Guaranteed Maturity Benefit (GMB) plus Bonuses declared by the company, if any

  • 100.1% of total premiums paid*

*Excluding any extra mortality premium and taxes, less GCB received.

Secure your loved ones even in your absence

ICICI Pru Cash Advantage provides you and your family all-round protection. In case of an unfortunate event during the policy term, your family receives a lump sum amount. This amount ensures that even in your absence, your loved ones are able to live the life you planned for them.

How much money will my family receive in my absence?

Your family will receive a lump sum amount which will be the maximum of:

  • Sum Assured plus Bonuses

  • Guaranteed Maturity Benefits (GMB) plus Bonuses

  • Minimum Life Cover amount that is equal to 105% of sum of all premiums paid till date

Pay premiums as per your comfort

This plan allows you to choose the number of years for which you wish to pay premiums. You can opt for either the Five Pay option (payment of premiums for 5 years), the Seven Pay option (payment of premiums for 7 years) or the Ten Pay option (payment of premiums for 10 years).

While multiple premium payment options are available, it is advisable to stay invested for at least 10 years to enjoy the maximum benefits offered by the policy.

Get tax benefits

With this plan, you can reduce your taxable income by investing up to

₹ 1.5 lakh under Section 80C. This will help you save tax. What's more, the money you get on maturity or death is also completely tax-free*.

*Tax benefits under the policy are subject to conditions under Section 80C, 10(10D) and other provisions of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time.

Product Snapshot

A weekend getaway with family, a couple’s gym membership or guitar classes for your child! Do you have to choose between these? Presenting ICICI Pru Cash Advantage, a plan that gives you money at regular intervals and a lump sum amount at maturity, so that you do not have to choose between your dreams.

product information

Product at a Glance - ICICI Pru Cash Advantage

Ten Pay

How many years do I have to pay premiums for?

You can pay the premium for 10 years.

When does my pay-out period start?

The pay-out period starts from the 11th year.

How long does the pay-out period last?

Cash benefit will be available for 10 years.

How long does the policy last?

The policy lasts for 20 years.

How much premium can I pay?

You can pay a minimum of ₹ 12,000 per year. There is no upper limit on the premium that you can pay

At what age can I start this plan?

There is no minimum age to start this plan. The maximum age should not exceed 60 years.

How old should I be when the plan reaches maturity?

Your minimum age at policy maturity should be 18 years and the maximum age should not be more than 80 years.

Seven Pay

How many years do I have to pay premium for?

You can pay the premium for 7 years.

When does my pay-out period start?

The pay-out period starts from the 8th year.

How long does the pay-out period last?

Cash benefit will be available for 10 years.

How long does the policy last?

The policy lasts for 17 years.

How much premium can I pay?

You can pay a minimum premium of ₹ 18,000 per year. There is no upper limit on the premium that you can pay

At what age can I start this plan?

The minimum age to start this plan is 1 year. The maximum age should not exceed 60 years.

How old should I be when the plan reaches maturity?

Your minimum age at policy maturity should be 18 years and the maximum age should not be more than 80 years.

Five Pay

How many years do I have to pay premiums for?

You can pay the premium for 5 years.

When does my pay-out period start?

The pay-out period starts from the 6th year.

How long does the pay-out period last?

Cash benefit will be available for 10 years.

How long does the policy last?

The policy lasts for 15 years.

How much premium can I pay?

You can pay a minimum of ₹ 30,000 per year. There is no upper limit on the premium that you can pay

At what age can I start this plan?

The minimum age to start this plan is 3 years. The maximum age should not exceed 60 years.

How old should I be when the plan reaches maturity?

Your minimum age at policy maturity should be 18 years and the maximum age should not be more than 80 years.

Bonus Declared

Bonus Declared

Know More