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Presenting ICICI Pru Future Perfect for your child, an insurance + savings plan which offers guaranteed benefits~ along with bonus# so that you can get better returns on your savings and you secure your child's future by providing financial protection through life cover.




ICICI Pru Future Perfect grows your wealth with the promise of protecting your money.This is done through two guaranteed features in the plan

  1. Guaranteed Additions (GA)
  2. Guaranteed Maturity Benefit (GMB)

What are Guaranteed Additions?

GA between 8-18% of your annual premium would be added to your investment every year, on premium payment.Guaranteed Additions (GAs) help to grow your money. For details on GA, please check the table below:

Policy year PPT 5 years or 7 years 10 years, 15 years or 20 years
1 - 5 8% 10%
6 - 10 10% 12%
11 - 15 12% 15%
16 onwards 15% 18%

What is Guaranteed Maturity Benefit?

Guaranteed Maturity Benefit (GMB)^^ is the guaranteed lump sum payable at the end of the policy term.

You will get two types of bonus with this plan that may help to grow your investment further.

  1. Reversionary bonuses
  2. Reversionary Bonus if any, is the bonus declared every year as a percentage of (Guaranteed Maturity Benefit + Accrued Revisionary Bonuses). It is payable on death of the life assured or maturity of the policy.

  3. Terminal bonuses
  4. Terminal bonus is a one-time bonus declared at the time of the maturity for participating policy.

Premium payment and maturity proceeds will be tax free under section 80C and 10(10D) respectively.

You get tax benefits under two sections of Income Tax Act:

  1. Section 80 C : All premium payments made during a financial year to ensure that your life insurance plan remains active, will get tax deductions. As per the law, the maximum limit to claim tax rebate has been kept at ` 1,50,000/- per annum.
  2. Section 10(10D) : Any proceeds received under a life insurance policy, including the sum allocated by way of bonus on such policy is exempt from tax.

If you are in need of money, you can take a loan on the policy which is up to 80% of the Surrender Value. You can take this loan from 2nd or 3rd year onwards depending on the policy term.

You can avail a loan against the policy up to 80% of the current surrender value of the policy at an attractive interest rate of 8.18%** per annum. If the Premium Paying Term of your policy is 10 years or more, the policy will acquire a surrender value after payment of three full years’ premium. If Premium paying term is less than 10 years, the policy will acquire a surrender value after payment of two full years’ premium.

ICICI Pru Future Perfect 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.

How much money will my family receive in my absence?

Your family will receive the higher of:

  1. A fixed Sum Assured including accrued Guaranteed Additions and accrued Bonuses1
  2. Guaranteed Maturity Benefit including accrued Guaranteed Additions and accrued Bonuses1
  3. Minimum Life Cover that is equal to 105% of sum of premiums paid till date2





Alok is a 30 years old marketing consultant. He has recently been blessed with a healthy baby and wants to ensure a perfect future for his child. Alok wants to be well prepared for the future and searches for investment options that guarantees the returns on his investment.


ICICI Pru Future Perfect Plan provides the perfect solution for his needs. Alok invests in the plan which comes with life cover of 3 lakhs. He pays monthly premium of Rs. 2500 for 10 years and wants the policy to continue for 20 years.


At age 50 Alok receives the maturity benefit of Rs. 6,34,005 (@ 8% assumed rate of return) or Rs. 3,90,145 (@ 4% assumed rate of return) which he uses to meet the educational expenses of his child.



Future Perfect: Savings Plan Calculator Online by ICICI Pru Life

ICICI Pru Future Perfect

  • Minimum monthly premium starts at   2,500
  • 2 months premium should be paid when making the first payment.
  • The duration for which you wish to pay premium
  • This is how long your policy will continue.



Along with Guaranteed Additions (GA) & Guaranteed Maturity Benefit (GMB) you may also get Bonus amount that will grow your investment.

This Bonus would be paid to you at the time of maturity3 along with maturity amount or in case of death4 of the person insured during the policy term. Bonus would be paid along with the insurance amount.

Returns shown are at 4% and 8% as per IRDAI guidelines (Circular reference "IRDAI/Life/CIR/ADV/209/11/2015").
If the policy offers guaranteed returns, then these will be clearly marked “guaranteed” in the Benefit Illustration. Since the policy offers variable returns, the given illustration shows two different rates of assumed future investment returns w.r.t future performance of the company
You can avail a loan against the policy up to 80% of the current surrender value of the policy at an attractive interest rate of 8.18%** per annum. If the Premium Paying Term of your policy is 10 years or more, the policy will acquire a surrender value after payment of three full years’ premium. If Premium paying term is less than 10 years, the policy will acquire a surrender value after payment of two full years’ premium.




*Premium rate mentioned is for ICICI Pru Future Perfect with a payment term of 20 years and policy term of 25 years and monthly premium payment of Rs.700 p.m(annual premium will be Rs. 8,400) and age up to 45 years and is excluding taxes.


Tax benefits under the policy are subject to conditions under Sec. 80C and Sec 10(10D) of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Goods & Services Tax and Cess (if any) will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time.


**Interest rates on loan valid for the period 16th Oct, 2017 to 15th Nov, 2017. Interest rates are subject to change on monthly basis.


~Guaranteed benefits are payable subject to all due premiums being paid and the policy being in force on the date of maturity.

The guaranteed benefits under the policy are clearly marked as “guaranteed”. The benefits in the illustration given above are indicative and are shown at different rates of assumed future investment returns. The maturity benefit of the policy is dependent on a number of factors, including future performance.”


^ Assumed rate of interest charged by Indian banks for disbursing personal loans

All the policy benefits are subject to the policy being in force. A policy is in force if it is premium paying, fully paid-up or partly paid-up.

3. Death benefit

Death Benefit = Higher of (A,B),

Where A = Sum Assured on Death, plus subsisting bonuses already accrued, plus accrued guaranteed additions

B = 105% of all the premiums paid as on date of death

All policy benefits cease on payment of the death benefit.


4. Maturity benefit: = Higher of (D, E)

Where, D = Guaranteed Maturity Benefit (GMB) + accrued Guaranteed Additions + subsisting reversionary bonuses already accrued to the policy, if any + terminal bonus, if any E = 100.1% X (annualized premium plus loadings for modal premiums, if any)


^^Your GMB will be set at policy inception and will depend on age, policy term, premium, premium payment term and gender. Your GMB may be lower than your Sum Assured on death.



The reversionary bonuses and terminal bonuses are not guaranteed and are dependent on future performance. Reversionary bonus, if any, will be declared each year during the term of the policy starting from the first policy year and will accrue to the policy if it is premium paying or fully paid.

Reversionary bonus once declared is guaranteed and will be paid out at maturity or on earlier death. Reversionary bonuses will be applied through the compounding bonus method. All reversionary bonuses will be declared as a proportion of the sum of the GMB and the accrued reversionary bonuses, if any. Contingent reversionary bonus may be declared every financial year and will explicitly accrue only when a policy is made paid-up or a fully paid policy is surrendered. Contingent reversionary bonus will be a part of the paid up benefit and will be paid on maturity, surrender or earlier death. A terminal bonus may also be payable at maturity or on earlier death. 


1.Consists of vested reversionary bonuses, interim bonus and terminal bonus, if any.
2.Including extra Mortality Premiums and excluding taxes. The cost of providing a Life Cover under the policy is called Mortality Premium.


URN : W/II/0985/2017-18

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