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.

#Your Guaranteed Maturity Benefit (GMB) will be set at policy inception and will depend on age, policy term, premium, premium payment term and gender. Your GMB may be lower than your Sum Assured on death. 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 36.22% as on September 30, 2018. The equity portfolio is as follows:

NIC Industry Weight*
Financial service activities, except insurance and pension funding 23.13%
Computer programming, consultancy and related activities 15.26%
Manufacture of coke and refined petroleum products 8.20%
Manufacture of chemicals and chemical products 7.28%
Manufacture of motor vehicles, trailers and semi-trailers 5.74%
Manufacture of tobacco products 4.15%
Electricity, gas, steam and air conditioning supply 3.84%
Housing Industry 3.83%
Civil engineering 3.83%
Manufacture of other non-metallic mineral products 2.30%
Manufacture of pharmaceuticals,medicinal chemical and botanical products 2.20%
Manufacture of electrical equipment 2.11%
Manufacture of food products 2.06%
Manufacture of other transport equipment 1.97%
Manufacture of Basic Metals 1.89%
Manufacture of textiles 1.40%
Architecture and engineering activities; technical testing and analysis 1.18%
Mining of coal and lignite 1.02%
Telecommunications 1.02%
Employment activities 1.02%
Other manufacturing 0.93%
Extraction of crude petroleum and natural gas 0.75%
Wholesale trade, except of motor vehicles and motorcycles 0.70%
Manufacture of machinery and equipment n.e.c. 0.64%
Manufacture of computer, electronic and optical products 0.61%
Manufacture of rubber and plastics products 0.60%
Land transport and transport via pipelines 0.52%
Broadcasting and programming activities 0.51%
Publishing activities 0.51%
Construction of buildings 0.50%
Activities of head offices; management consultancy activities 0.31%
Grand Total 100.00%
EQUITY SECURITY NAME WEIGHT*
HDFC Bank 9.55%
Reliance Industries Limited 6.42%
Infosys Limited 5.67%
ITC Limited 4.15%
Housing Development Finance Corporation 3.44%
Larsen & Toubro Limited 3.37%
Tata Consultancy Services Limited 3.35%
Indusind Bank 3.16%
Axis Bank Limited 2.86%
Larsen & Toubro Infotech Limited 2.17%
Mahindra & Mahindra Limited 1.97%
Maruti Suzuki India Limited 1.82%
Gail (India) Limited 1.54%
Sun Pharma Limited 1.35%
Grasim Industries Limited 1.22%
L&T Technology Services Limited 1.18%
HCL Technologies Limited 1.12%
State Bank Of India 1.04%
Coal India Limited 1.02%
Kotak Mahindra Bank Limited 1.02%
Cyient Limited 1.01%
Godrej Consumer Products Limited 0.99%
Titan Company Limited 0.93%
Motherson Sumi Systems Limited 0.88%
Britannia Industries Limited 0.87%
Asian Paints Limited 0.81%
Bharti Airtel Limited 0.79%
Dabur India Limited 0.78%
Bajaj Holding And Investment Limited 0.77%
L&T Finance Holdings Limited 0.77%
Associated Cement Companies Limited 0.75%
Tech Mahindra Limited 0.75%
Magma Fincorp Limited 0.74%
Kpit Technologies Limited 0.73%
Pidilite Industries Limited 0.71%
Petronet LNG Limited 0.71%
Cholamandalam Finance 0.70%
Hindalco Industries Limited 0.69%
NTPC Limited 0.67%
Hero Motocorp Limited 0.66%
Yes Bank Limited 0.64%
Bajaj Finance Limited 0.63%
UPL Limited 0.63%
Tata Steel Limited 0.62%
Marico Limited 0.62%
Bajaj Auto Limited 0.62%
Astral Poly Technik Limited 0.60%
Ultratech Cement Limited 0.59%
ONGC Corporation Limited 0.58%
Crompton Greaves Consumer Electricals Limited 0.58%
Jindal Steel & Power Limited 0.58%
Ashok Leyland Limited 0.57%
Nestle India Ltd 0.57%
Indostar Capital Finance (Indostar) Limited 0.55%
Kansai Nerolac Paints Limited 0.55%
Shree Cements Limited 0.54%
Teamlease Services Limited 0.54%
Bharat Petroleum Corp Limited 0.54%
Indian Oil Corporation Limited 0.54%
Credit Access Grameen Limited 0.53%
Amara Raja Batteries Limited 0.53%
Exide Industries Limited 0.53%
Gujarat State Petronet Limited 0.52%
Zee Entertainment Enterprises Limited 0.51%
Dixon Technologies (India) Limited 0.51%
Mahindra Lifespace Developers Limited 0.50%
Voltas Limited 0.49%
Tata Motors 0.49%
Shankara Bulding Products Limited 0.49%
Quess Corp Limited 0.48%
Coromandel International Limited 0.48%
Hindustan Petroleum Corporation Limited 0.48%
Havells India Limited 0.47%
Solar Industries India Limited 0.47%
Mphasis Limited 0.47%
Sadbhav Engineering Limited 0.46%
Hindustan Unilever Limited 0.45%
Power Grid Corporation Of India Limited 0.44%
Ambuja Cements Limited 0.42%
LIC Housing Finance Limited 0.39%
Deepak Fertilizers & Petrochemicals Corporation Limited 0.39%
TVS Motor Company Limited 0.37%
Jyothy Laboratories Limited 0.36%
Eicher Motors Limited 0.33%
Dalmia Bharat Limited 0.31%
Indraprastha Gas Limited 0.30%
Dr Reddy Laboratories 0.30%
Db Corporation Limited 0.30%
Akzo Nobel India Limited (ICI Limited) 0.29%
Alkem Laboratories Limited 0.28%
Galaxy Surfactants Limited 0.27%
Castrol India Limited 0.24%
IDEA Cellular Limited 0.23%
Lupin Limited 0.22%
Westlife Development Limited 0.21%
Jagran Prakashan Limited 0.20%
TCNS Clothing Company Limited 0.18%
Bank Of Baroda 0.17%
Satluj Jal Vidyut Nigam Limited 0.17%
Oil India Limited 0.16%
Timken Ind 0.15%
Tata Chemicals 0.09%
Bharat Electronics Limited 0.08%
Cipla Limited 0.05%
Amber Enterprises India Limited 0.02%
Grand Total 100.00%

* % on total equity portfolio

W/II/1065/2016-17

Back to Top