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 37.74% as on March 31, 2018. The equity portfolio is as follows:

NIC Industry Weight*
Financial service activities, except insurance and pension funding 22.10%
Manufacture of chemicals and chemical products 10.77%
Manufacture of motor vehicles, trailers and semi-trailers 9.21%
Computer programming, consultancy and related activities 5.75%
Manufacture of coke and refined petroleum products 5.35%
Electricity gas steam and air conditioning supply 4.74%
Civil engineering 3.21%
Housing Industry 3.18%
Telecommunications 2.94%
Manufacture of Basic Metals 2.86%
Manufacture of other transport equipment 2.77%
Manufacture of other non-metallic mineral products 2.66%
Manufacture of electrical equipment 2.56%
Manufacture of food products 2.53%
Manufacture of pharmaceuticals,medicinal chemical and botanical products 1.99%
Other manufacturing 1.82%
Manufacture of tobacco products 1.70%
Architecture and engineering activities, technical testing and analysis 1.42%
Wholesale trade, except of motor vehicles and motorcycles 1.24%
Manufacture of machinery and equipment n.e.c. 1.24%
Air transport 1.15%
Broadcasting and programming activities 1.08%
Publishing activities 0.98%
Manufacture of textiles 0.96%
Employment activities 0.92%
Manufacture of rubber and plastics products 0.83%
Manufacture of computer, electronic and optical products 0.81%
Construction of buildings 0.79%
Land transport and transport via pipelines 0.71%
Activities of head offices; management consultancy activities 0.60%
Extraction of crude petroleum and natural gas 0.56%
Mining of coal and lignite 0.53%
Accommodation 0.03%
Grand Total 100.00%
EQUITY SECURITY NAME WEIGHT*
HDFC Bank 9.09%
Indusind Bank 4.17%
Maruti Suzuki India Limited 3.97%
Reliance Industries Limited 3.33%
Larsen & Toubro Limited 3.17%
Yes Bank Limited 3.13%
Housing Development Finance Corporation 3.01%
Bharti Airtel Limited 2.20%
Infosys Limited 2.19%
Mahindra & Mahindra Limited 1.92%
Titan Company Limited 1.82%
ITC Limited 1.70%
Cholamandalam Finance 1.62%
Tata Consultancy Services Limited 1.61%
HCL Technologies Limited 1.54%
Godrej Consumer Products Limited 1.46%
L&T Technology Services Limited 1.42%
Motherson Sumi Systems Limited 1.35%
Tata Motors 1.20%
Interglobe Aviation (Indigo) 1.15%
Axis Bank Limited 1.14%
Jyothy Laboratories Limited 1.12%
UPL Limited 1.10%
Shankara Bulding Products Limited 1.08%
Zee Entertainment Enterprises Limited 1.08%
NTPC Limited 1.02%
Britannia Industries Limited 1.00%
Alkem Laboratories Limited 1.00%
Eicher Motors Limited 1.00%
Petronet LNG Limited 0.98%
Pidilite Industries Limited 0.97%
Grasim Industries Limited 0.96%
Havells India Limited 0.96%
Hindalco Industries Limited 0.95%
Tata Steel Limited 0.95%
Jindal Steel & Power Limited 0.95%
Deepak Fertilizers & Petrochemicals Corporation Limited 0.94%
Kansai Nerolac Paints Limited 0.94%
L&T Finance Holdings Limited 0.94%
Marico Limited 0.92%
Crompton Greaves Consumer Electricals Limited 0.92%
Asian Paints Limited 0.91%
Dabur India Limited 0.91%
Voltas Limited 0.90%
Bajaj Holding And Investment Limited 0.89%
Hero Motocorp Limited 0.85%
Teamlease Services Limited 0.85%
Ultratech Cement Limited 0.84%
Astral Poly Technik Limited 0.83%
Mahindra Lifespace Developers Limited 0.79%
Power Grid Corporation Of India Limited 0.75%
IDEA Cellular Limited 0.74%
Gujarat State Petronet Limited 0.71%
Solar Industries India Limited 0.70%
Indraprastha Gas Limited 0.69%
Exide Industries Limited 0.68%
Satluj Jal Vidyut Nigam Limited 0.67%
Ambuja Cements Limited 0.67%
Dixon Technologies (India) Limited 0.66%
Gail (India) Limited 0.63%
Kotak Mahindra Bank Limited 0.62%
Nestle India Limited 0.61%
Associated Cement Companies Limited 0.60%
Dalmia Bharat Limited 0.60%
Bharat Petroleum Corp Limited 0.57%
Jagran Prakashan Limited 0.56%
ONGC Corporation Limited 0.55%
Shree Cements Limited 0.55%
Ashok Leyland Limited 0.54%
Coal India Limited 0.53%
Castrol India Limited 0.53%
Akzo Nobel India Limited (ICI Limited) 0.50%
Galaxy Surfactants Limited 0.49%
TVS Motor Company Limited 0.47%
Hindustan Petroleum Corporation Limited 0.46%
Bajaj Auto Limited 0.46%
Indian Oil Corporation Limited 0.45%
Hindustan Unilever Limited 0.44%
Db Corporation Limited 0.42%
Dr Reddy Laboratories 0.42%
Lupin Limited 0.39%
Bank Of Baroda 0.29%
Timken Ind 0.25%
Cyient Limited 0.24%
Sundaram Clayton Limited 0.23%
State Bank Of India 0.21%
LIC Housing Finance Limited 0.16%
Westlife Development Limited 0.16%
Bharat Electronics Limited 0.16%
Coromandel International Limited 0.13%
Tata Chemicals 0.13%
Sun Pharma Limited 0.12%
Persistent System Limited 0.12%
Cummins India Limited 0.09%
Quess Corp Limited 0.07%
Cipla Limited 0.05%
Sadbhav Engineering Limited 0.05%
Mphasis Limited 0.04%
Indian Hotels Limited 0.03%
Oil India Limited 0.01%
Wipro Limited 0.00%
Grand Total 100.00%

* % on total equity portfolio

W/II/1065/2016-17

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