Why is ICICI Pru Future Perfect special?

ICICI Pru Future Perfect grows your wealth with the promise of protecting your money. This is done through two guaranteed features in the plan called Guaranteed Additions (GA) and Guaranteed Maturity Benefit (GMB). At the end of the policy term, you receive a sum that includes Guaranteed Maturity Benefit (GMB), Guaranteed additions (GA) and additional bonuses declared by the company, if any. Guaranteed benefits are payable subject to all due premiums being paid and the policy being in force on the date of maturity.

What are Guaranteed Additions?

Guaranteed Additions (GAs) are additional benefit that will be added throughout the policy term, if all premiums due till that year are paid. GAs as a percentage of annualized premium is set out in the following table:

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%

During Premium Paying Term(PPT) GA will accrue on premium payment* and after PPT, GA will accrue at the beginning of policy year.

* In case of 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.

What is Guaranteed Maturity Benefit?

Guaranteed Maturity Benefit (GMB) is the guaranteed lump sum payable at the end of the policy term. Your GMB will be set at policy inception and will depend on age, policy term, premium amount, premium payment term and gender. Your GMB may be lower than your Sum Assured on death.

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. 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 the higher of:

  • A fixed Sum Assured including Guaranteed Additions and Bonuses*

  • Guaranteed Maturity Benefit including Guaranteed Additions and Bonuses*

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

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

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. 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

In our day to day lives, we strive towards achieving our goals: purchasing a flat, securing our children’s future needs, dream vacation in an exotic location and living peacefully after retirement. We bring you an ideal savings and protection oriented plan, ICICI Pru Future Perfect to help you fulfill these goals.

ICICI Pru Future Perfect gives you the dual assurances of guaranteed benefits and life cover, while complementing your investment corpus with bonuses that offers potentially higher returns. You have the flexibility to choose a premium payment option based on your needs.

How much premium can I pay?

You need to pay a minimum of `40,000 per year.

Can I pay the premiums yearly, half-yearly or monthly?

Yes, you can choose to pay your premiums yearly, half-yearly or monthly.

How long does the policy last?

The policy can continue from 10 to 15 years*.

At what age can I start this plan?

The minimum age of the Life Assured is 3 years and the maximum age should not be more than 45 years.

How old should I be when the plan reaches maturity?

The minimum age of the Life Assured at policy maturity should be 18 years. But, the maximum age should not exceed 60 years.

How much premium can I pay?

You need to pay a minimum of `18,000 per year.

Can I pay the premiums yearly, half-yearly or monthly?

Yes, you can choose to pay your premiums yearly, half-yearly or monthly.

How long does the policy last?

The policy can continue from 12 to 17 years*.

At what age can I start this plan?

The minimum age of the Life Assured is 1 year and the maximum age should not be more than 58 years.

How old should I be when the plan reaches maturity?

The minimum age of the Life Assured at policy maturity should be 18 years. But, the maximum age should not exceed 70 years.

How much premium can I pay?

You need to pay a minimum of `12,000 per year.

Can I pay the premiums yearly, half-yearly or monthly?

Yes, you can choose to pay your premiums yearly, half-yearly or monthly.

How long does the policy last?

The policy can continue from 15 to 20 years*.

At what age can I start this plan?

The minimum age of the Life Assured is 90 days and the maximum age should not be more than 55 years.

How old should I be when the plan reaches maturity?

The minimum age of the Life Assured at policy maturity should be 18 years. But, the maximum age should not exceed 70 years.

How much premium can I pay?

You need to pay a minimum of `9,600 per year.

Can I pay the premiums yearly, half-yearly or monthly?

You can choose to pay your premiums yearly, half-yearly or monthly.

How long does the policy last?

The policy can continue from 20 to 25 years*.

At what age can I start this plan?

The minimum age of the Life Assured is 90 days and the maximum age should not be more than 50 years.

How old should I be when the plan reaches maturity?

The minimum age of the Life Assured at policy maturity should be 18 years. But, the maximum age should not exceed 70 years.

How much premium can I pay?

You need to pay a minimum of ` 8,400 per year.

Can I pay the premiums yearly, half-yearly or monthly?

Yes, you can choose to pay your premiums yearly, half-yearly or monthly.

How long does the policy last?

The policy can continue from 25 to 30 years*.

At what age can I start this plan?

The minimum age of the Life Assured is 90 days and the maximum age should not be more than 45 years.

How old should I be when the plan reaches maturity?

The minimum age of the Life Assured at policy maturity should be 18 years. But, the maximum age should not exceed 70 years.

 

*Subject to maximum age at maturity boundary conditions. ICICI Pru Future Perfect UIN:105N153V01.

 

 

#ARR is Assumed rate of returns.

These illustrations are for a healthy male life assured. The guaranteed benefits under the policy are clearly marked as “guaranteed”. The reversionary bonuses and terminal bonuses are not guaranteed and are dependent on future performance. The benefits in the illustration given above are indicative and are shown at different rates of assumed future investment returns. The maturity benefit of your policy is dependent on a number of factors, including future performance.

 

The actual asset allocation of ICICI Pru Future Perfect product in Equity is 38.25% as on June 30, 2017. The equity portfolio is as follows:

NIC Industry Weight*
Financial and insurance activities 22.81%
Manufacture of motor vehicles, trailers and semi-trailers 12.28%
Manufacture of chemicals and chemical products 8.32%
Computer programming, consultancy and related activities 8.16%
Manufacture of coke and refined petroleum products 5.63%
Electricity gas steam and air conditioning supply 5.44%
Housing Industry 4.48%
Manufacture of tobacco products 4.19%
Civil engineering 3.87%
Telecommunications 3.84%
Manufacture of pharmaceuticals, medicinal, chemical and botanical products 3.15%
Manufacture of textiles 2.34%
Manufacture of food products 1.90%
Manufacture of other non-metallic mineral products 1.74%
Manufacture of electrical equipment 1.74%
Manufacture of other transport equipment 1.71%
Broadcasting and programming activities 1.44%
Manufacture of Basic Metals 1.42%
Manufacture of electrical equipment 1.25%
Manufacture of basic metals 1.16%
Publishing activities 1.09%
Manufacture of machinery and equipment n.e.c. 1.01%
Extraction of crude petroleum and natural gas 0.98%
Mining of coal and lignite 0.71%
Architecture and engineering activities; technical testing and analysis 0.65%
Air transport 0.38%
Other manufacturing 0.22%
Accommodation 0.21%
Construction of buildings 0.20%
Manufacture of rubber and plastics products 0.13%
Wholesale trade except of motor vehicles and motorcycles 0.04%
Grand Total 100.00%
EQUITY SECURITY NAME WEIGHT*
HDFC BANK 9.96%
ITC LTD 4.19%
INDUSIND BANK 4.11%
LARSEN & TOUBRO LIMITED 3.65%
INFOSYS LIMITED 3.63%
MARUTI SUZUKI INDIA LIMITED 3.24%
HOUSING DEVELOPMENT FINANCE CORPORATION 3.13%
AXIS BANK LIMITED 3.07%
BHARTI AIRTEL LIMITED 2.97%
TATA MOTORS 2.97%
TATA CONSULTANCY SERVICES LIMITED 2.66%
RELIANCE INDUSTRIES LIMITED 2.40%
MAHINDRA & MAHINDRA LIMITED 2.16%
MOTHERSON SUMI SYSTEMS LIMITED 2.07%
GRASIM INDUSTRIES LTD 1.91%
STATE BANK OF INDIA 1.89%
YES BANK LIMITED 1.80%
SUNDARAM CLAYTON LIMITED 1.55%
ZEE ENTERTAINMENT ENTERPRISES LIMITED 1.44%
KOTAK MAHINDRA BANK LTD 1.40%
LIC HOUSING FINANCE LIMITED 1.34%
PETRONET LNG LIMITED 1.33%
BHARAT PETROLEUM CORP LIMITED  1.31%
GAIL (INDIA) LIMITED 1.28%
POWER GRID CORPORATION OF INDIA LTD  1.27%
GODREJ CONSUMER PRODUCTS LIMITED 1.24%
HCL TECHNOLOGIES LIMITED 1.12%
NTPC LIMITED 1.03%
SUN PHARMA LIMITED  1.02%
TATA STEEL LIMITED 1.00%
DEEPAK FERTILIZERS & PETROCHEMICALS CORP LIMITED 0.92%
ASIAN PAINTS LIMITED 0.91%
ONGC CORPORATION LIMITED 0.91%
IDEA CELLULAR LTD 0.86%
HINDUSTAN PETROLEUM CORPORATION LIMITED 0.84%
CUMMINS INDIA LIMITED 0.83%
AMBUJA CEMENTS LIMITED 0.80%
TATA CHEMICALS 0.79%
COROMANDEL INTERNATIONAL LIMITED 0.79%
JAGRAN PRAKASH LIMITED 0.72%
COAL INDIA LIMITED 0.71%
NESTLE INDIA LIMITED 0.67%
UPL LIMITED 0.66%
L&T TECHNOLOGY SERVICES LIMITED 0.65%
KANSAI NEROLAC PAINTS LIMITED 0.62%
PIDILITE INDUSTRIES LIMITED 0.62%
TVS MOTOR COMPANY LIMITED 0.61%
JYOTHY LABORATORIES LIMITED 0.61%
CROMPTON GREAVES CONSUMER ELECTRICALS LIMITED 0.61%
MARICO LIMITED 0.60%
ALKEM LABORATORIES LIMITED 0.60%
LUPIN LIMITED 0.60%
DABUR INDIA LIMITED 0.58%
AKZO NOBEL INDIA LIMITED 0.58%
HERO MOTOR CORP LIMITED 0.58%
HAVELLS INDIA LIMITED 0.57%
BRITANNIA INDUSTRIES LIMITED  0.57%
EXIDE INDUSTRIES LIMITED  0.56%
INDIAN OIL CORPORATION LIMITED  0.54%
SATLUJ JAL VIDYUT NIGAM LIMITED  0.54%
CASTROL INDIA LIMITED 0.53%
BAJAJ HOLDING AND INVESTMENT LIMITED 0.53%
DR REDDY LABORATORIES  0.52%
BAJAJ AUTO LIMITED 0.52%
ULTRATECH CEMENT LIMITED  0.51%
CYIENT LIMITED 0.50%
ASSOCIATED CEMENT COMPANIES LIMITED 0.43%
HINDALCO INDUSTRIES LIMITED 0.43%
ARVIND LIMITED 0.42%
CIPLA LIMITED 0.41%
DB CORPORATION LIMITED 0.38%
INTERGLOBE AVIATION (INDIGO) 0.38%
ASHOK LEYLAND LIMITED 0.30%
MPHASIS LIMITED 0.23%
TITAN COMPANY LIMITED 0.22%
SADBHAVE ENGINEERING LIMITED 0.21%
INDIAN HOTELS LIMITED 0.21%
MAHINDRA LIFESPACE DEVELOPERS LIMITED 0.20%
VOLTAS LIMITED 0.18%
ASTRAL POLY TECHNIK LIMITED 0.13%
OIL INDIA LIMITED 0.07%
CHOLAMANDALAM FINANCE 0.04%
SHANKARA BUILDING PRODUCTS LIMITED 0.04%
WIPRO LIMITED 0.01%
GRAND TOTAL 100.00%

* % on total equity portfolio

W/II/1065/2016-17

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