Over the past few decades, India has been a shining star in the global playing field. With a 7.6-7.7% growth projection for 2017-181, we are the fastest-growing major economy in the world, with our GDP expected to reach $9.6 trillion by 20202.
With progress, both rural and urban parts of India have seen a rise in newer and better work opportunities. As a result, our disposable income has increased and along with it our lifestyle. We want to give our loved ones, amongst other things, a better life, access to better education, healthcare, international vacations and so on.
To fulfil these aspirations, there is a need not just to save money but also for growing it. However, as Indians, we are ‘savers’ and security is our foremost concern when it comes to financial decisions, be it retirement planning, saving for our child’s marriage and education or buying a dream home.
While as aspirational Indians we want good returns, as people of traditional Bharat, we want safety for our money. This is why, we present a crossover product - ICICI Pru Future Perfect. This non-linked insurance plan offers you both security and the growth of your money. This plan invests a part of your premiums in equity and debt funds which offer your money the opportunity to grow. And at the same time, it guaranteeso that your money will stay safe, no matter what.
Let’s look at some of the major benefits of this plan:
Safety of Capital protection to ensure your investment is safe.
It offers life cover3 to protect your loved ones in your absence.
Guaranteed additions* and bonuses^ offered by the company from the very first year.
Tax benefits~ to add to your savings.
To know more about ICICI Pru Future Perfect, click here.
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1 7.6-7.7% growth projection for 2017-18 - Source: http://www.business-standard.com/article/economy-policy/world-bank-cuts-forecast-for-india-s-growth-to-7-6-7-7-116060800003_1.html
2 GDP expected to reach $9.6 trillion by 2020 - Source: http://www.forbes.com/sites/kenrapoza/2011/05/26/by-2020-china-no-1-us-no-2/#550565e45d40
^ Additional bonus: includes Reversionary bonuses which may be declared every financial year and will accrue to the policy if it is premium paying or fully paid. A reversionary bonus once declared is guaranteed and will be paid out at maturity or on earlier death. A terminal bonus if any, may also be payable at maturity or on earlier death. Guaranteed benefits are available only if all premiums are paid as per the premium payment term; the policy is in force till the completion of the entire policy term. Conditions apply.
* Conditions apply. Guaranteed Additions will accrue to the policy throughout the policy term on payment of premiums and it varies as per the premium payment term. Guaranteed Additions (GAs) are a percentage of the annualised premiums.
i) During PPT: GA will accrue on premium payment*
ii) After PPT: GA will accrue at the beginning of the policy year
where * is “for monthly premium frequency, 1/12th times GA will be accrued every month on premium payment. For half-yearly premium frequency, 0.5 times GA will be accrued on premium payment.”
under the policy are subject to conditions under provisions of the Income Tax Act, 1961. Applicable taxes will be charged as per applicable rates. Tax laws are subject to amendments from time to time.
~ Tax benefits are subject to conditions under Sections 80C, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Service Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on the above.
o Guaranteed benefits are payable subject to all due premiums being paid and the policy being in force on the date of maturity.
Advt No- W/II/0567/2016-17 3 Life Cover is the benefit payable on the death of the life assured during the policy term. ICICI Pru Future Perfect - UIN: 105N153V02
Advt No- W/II/0567/2016-17
3 Life Cover is the benefit payable on the death of the life assured during the policy term.
ICICI Pru Future Perfect - UIN: 105N153V02