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:

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

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.

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

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.

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.