Why is ICICI Pru Future Perfect Endowment Plan 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 37.66% as on December 31, 2018. The equity portfolio is as follows:

NIC Industry Weight*
Financial service activities, except insurance and pension funding 28.24%
Computer programming, consultancy and related activities 12.86%
Manufacture of coke and refined petroleum products 7.69%
Manufacture of chemicals and chemical products 6.21%
Manufacture of motor vehicles, trailers and semi-trailers 6.12%
Housing Industry 5.21%
Civil engineering 4.78%
Manufacture of tobacco products 4.21%
Manufacture of food products 2.33%
Electricity, gas, steam and air conditioning supply 2.22%
Manufacture of other transport equipment 2.10%
Manufacture of other non-metallic mineral products 2.04%
Manufacture of Basic Metals 2.03%
Manufacture of electrical equipment 1.93%
Mining of coal and lignite 1.72%
Extraction of crude petroleum and natural gas 1.51%
Manufacture of pharmaceuticals,medicinal chemical and botanical products 1.43%
Manufacture of textiles 1.38%
Employment activities 0.97%
Telecommunications 0.94%
Other manufacturing 0.80%
Manufacture of machinery and equipment n.e.c. 0.63%
Manufacture of rubber and plastics products 0.54%
Broadcasting and programming activities 0.53%
Publishing activities 0.33%
Construction of buildings 0.30%
Manufacture of computer, electronic and optical products 0.26%
Land transport and transport via pipelines 0.25%
Food and beverage service activities 0.20%
Retail trade, except of motor vehicles and motorcycles 0.19%
Other financial activities 0.06%
Manufacture of fabricated metal products, except machinery and equipment 0.01%
Grand Total 100.00%
EQUITY SECURITY NAME WEIGHT*
HDFC Bank Limited 11.06%
Reliance Industries Limited 5.82%
Housing Development Finance Corpn. 5.02%
Larsen & Tourbo Limited 4.24%
ITC Limited 4.21%
Infosys Limited 4.16%
Axis Bank Limited 3.91%
Tata Consultancy Services Limited 3.65%
Indusind Bank Limited 2.74%
Kotak Bank 2.54%
Mahindra & Mahindra Limited 2.13%
Coal India Limited 1.72%
Maruti Suzuki India Limited 1.65%
State Bank Of India 1.48%
Asian Paints Limited 1.24%
Oil & Natural Gas Corpn. Limited 1.21%
Grasim Industries Limited 1.17%
Hindustan Unilever Limited 0.99%
Tech Mahindra Limited 0.97%
Motherson Sumi Systems Limited 0.94%
L&T Technology Services Limited 0.93%
Bajaj Finance Limited 0.89%
Indian Oil Corp. Limited 0.89%
Hindalco Industries Limited 0.88%
Bajaj Auto Limited 0.87%
Larsen & Toubro Infotech Limited 0.82%
Godrej Consumer Products Limited 0.81%
Titan Company Limited. 0.80%
HCL Technologies Limited 0.78%
Bharti Airtel Limited 0.78%
Britannia Industries Limited 0.77%
NTPC Limited 0.77%
Cholamandalam Investment & Finance Co. 0.76%
Dr. Reddys Laboratories Limited 0.73%
KPIT Technologies Limited 0.71%
Bajaj Holdings & Investment Limited 0.69%
Jindal Steel & Power Limited 0.69%
L&T Finance Holdings Ltd 0.68%
Cyient Limited 0.67%
Yes Bank Limited 0.66%
Tata Motors Limited 0.64%
Dabur India Limited 0.61%
Ultratech Cement Limited 0.61%
United Phosphorus Limited 0.59%
Nestle India Limited 0.56%
Petronet Lng Limited 0.55%
Shriram Transport Finance Co. Limited 0.55%
Sadbhav Engineering Limited 0.55%
Marico Limited 0.54%
Astral Poly Limited 0.54%
Magma Fincorp Limited 0.54%
Shree Cement Limited 0.54%
Zee Entertainment Enterprises Limited 0.53%
Bharat Petroleum Corp Limited 0.52%
Exide Industries Limited 0.51%
Amara Raja Batteries Limited 0.49%
Teamlease Services Limited 0.49%
TVS Motor Co. Limited 0.49%
Power Grid Corpn. Of India Limited 0.48%
Quess Corp Limited 0.48%
Creditaccess Grameen Limited 0.46%
Associated Cement Companies Limited 0.46%
Tata Steel Limited 0.45%
Glaxosmithkline Consumer Healthcare 0.45%
Mahindra & Mahindra Financial Services Ltd 0.45%
Havells India Limited 0.44%
Sun Pharmaceutical Inds. Limited 0.42%
Voltas Limited 0.42%
Indostar Capital Finance (Indostar) Ltd 0.42%
Sundaram Clayton Limited 0.41%
Bank Of Baroda 0.40%
Hero Motocorp Limited 0.38%
Hindustan Petroleum Corp. Limited 0.38%
GAIL (India) Limited 0.38%
Eicher Motors Limited 0.35%
Ashok Leyland Limited 0.35%
Coromandel International Limited 0.35%
Solar Industries India Limited 0.33%
Oil India Limited 0.30%
Mahindra Lifespace Developers Limited 0.30%
Ambuja Cements Limited 0.29%
Crompton Greaves Consumer Elect. 0.26%
Gujarat State Petronet Limited 0.25%
Kansai Nerolac Paints Limited 0.25%
ABB Limited 0.23%
Akzo Nobel India Limited 0.22%
Tata Chemicals Limited 0.21%
Dixon Technologies (India) Limited 0.21%
TCNS Clothing Co. Ltd 0.21%
Westlife Development Limited 0.20%
Galaxy Surfactants Limited 0.20%
Db Corp Limited 0.19%
LIC Housing Finance Limited 0.19%
Aditya Birla Fashion & Retail 0.19%
Deepak Fertilisers & Petrochemicals 0.17%
Mphasis Limited 0.17%
Idea Cellular Limited 0.16%
Odisha Cement Limited 0.16%
Lupin Limited 0.15%
Jagran Prakashan Limited 0.14%
Pidilite Industries Limited 0.13%
Alkem Laboratories Limited 0.12%
Schaeffler India Limited 0.12%
Jyothy Laboratories Limited 0.10%
Timken India Limited 0.09%
Castrol India Limited 0.09%
Reliance Nippon Life Amc 0.06%
Amber Enterprises India Limited 0.05%
SJVN Limited 0.04%
Bharat Heavy Electricals Limited 0.01%
Grand Total 100.00%

* % on total equity portfolio

W/II/1065/2016-17

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