Icici - Cash Advantage

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  • 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
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1Guaranteed Cash Benefit is a regular payout which you will receive each month of the 10 year period, starting from the beginning of the payout phase. Your regular payout will be equal to 1% of the Guaranteed Maturity Benefit. You can also chose to receive this payout every year instead of every month. In this case your regular payout will be 11.5% of Guaranteed Maturity Benefit. Guaranteed benefits are available only if all premiums are paid as per the premium paying term and the policy is in–force till the completion of entire policy term opted. Guaranteed Cash Benefit is payable at the beginning of each policy month during the payout term in case the cash benefit mode is monthly and at the beginning of each policy year during the payout term in case the cash benefit mode is annual.

2Reversionary bonuses may be declared every financial 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. Contingent reversionary bonus may be declared every financial year and will accrue only when a policy is made paid-up or a fully paid policy is surrendered. Contingent reversionary bonus, if any, will be paid on maturity, surrender or earlier death. A terminal bonus may also be payable at maturity or on earlier death.

3You can take loans under this policy after the policy acquires a surrender value. Loans of up to 80% of the surrender value can be availed. The Company shall be entitled to call for repayment of the loan with all due interest by giving three months' notice if the amount outstanding is greater than the surrender value and if the policy is in paid-up state. In the event of failure to repay by the required date, the policy will be foreclosed

Tax benefits are subject to conditions of section 80C, 80CCC, 80D, 10(10D) and 10(10A) 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.

#Includes Reversionary bonuses which may be declared every financial 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. A terminal bonus if any, may also be payable at maturity or on earlier death. If the policy offers guaranteed returns, then these will be clearly marked “guaranteed”. Since the policy offers variable returns, the given illustration shows two different rates of assumed future investment returns. The returns shown above are not guaranteed and they are not the upper or lower limits of what you might get back, as the maturity value of policy depends on a number of factors including future investment performance.

ICICI Prudential Life Insurance Company Limited. IRDAI Regn No. 105. CIN: L66010MH2000PLC127837.
© 2015, ICICI Prudential Life Insurance Company Limited. Registered Address: - ICICI Pru Life Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. Reg No: - 105. UIN of the ICICI PRU Cash Advantage - 105N132V01. For more details on the risk factors, term and conditions please read sales brochure carefully before concluding the sale. Tax benefits under the policy are subject to conditions under Sec. 80C, 80D and Sec 10(10D) 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. Call us on 1-860-266-7766 (10am-7pm, Monday to Saturday, except national holidays and valid only for calls made from India). Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. Advt: W/II/0412/2016-17
BEWARE OF SPURIOUS PHONE CALLS & FICTITIOUS/FRAUDULENT OFFERS
IRDAI clarifies to public that
  • IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.