Get an additional 3%~ on both income and MoneyBack Benefit amount
Guaranteed^ Income as per your choice¶
Customisable MoneyBack Benefit1
Flexibility to choose income period$
View more benefits
₹ 1 Lakh p.a. for 10 years
Total Benefit of ₹ 51.78 Lakh4 over 30 years
Guaranteed^ Income Calculator
What is ICICI Pru GIFT Pro?
It is a highly customisable protection and savings-oriented life insurance plan that provides financial security to your family with a life cover+ and fulfils your goals with guaranteed^ benefits. This plan is designed to fit all your needs so that you can plan your goals ahead of time and achieve them like a PRO.
Second Income Cushion
Investors who would like to diversify their portfolio with guaranteed^ short-term income along with MoneyBack Benefit at the end of the income period. This money can be used to take care of their goals or for reinvestment purposes
Second Income Cushion
Salaried professionals who are looking for a second source of income to supplement their salary and upgrade their lifestyle. For self-employed, this plan is ideal to get a stable second source of guaranteed^ income to support lifestyle and financial needs
Investors who want a regular source of income and a lumpsum to fulfil long-term goals like buying a home, children’s education and short-term goals like vacations, upgrading lifestyle and more without compromising on the financial security of the family
Secure your retirement years with guaranteed income and avail the Moneyback1 benefit at the start of your investment. This can help you give a head-start on your retirement and fulfil your goals.
How the plan works?
Explore the two options available under ICICI Pru GIFT Pro.
He is a 30-year-old IT professional
He invests in a
Guaranteed^ return plan to ensure increasing returns with no worries.
₹1 lakh p.a. for 10 years
Life cover throughout the policy term of 12 years
He gets a first guaranteed^ income of ₹80,160 which will increase by 5%~ every year
at the end of 42nd year
Money Back Benefits
Total Premium paid:10 lakh
Total Benefits received₹51.78 lakh
Tax Benefits 80C* & 10(10D)*
^ Goods and Services tax and cesses (if any) will be charged extra, as per applicable rates.
~ In the increasing income plan option, the guaranteed^ income increases by 5% (Simple Interest) every year.
Does ICICI Pru GIFT Pro offer completely guaranteed^ benefits?
Yes - all benefits offered under ICICI Pru GIFT Pro are completely guaranteed^. The guaranteed^ benefits are mentioned in the Key Feature Document, Benefit Illustration and the Policy Schedule.
What kind of needs can be fulfilled by GIFT Pro?
GIFT Pro will help you to fulfill short-term as well as long-term income needs. You will also have an option of receiving a MoneyBack Benefit (one time lumpsum amount)
What are the different income options available under ICICI Pru GIFT Pro?
ICICI Pru GIFT Pro provides you the flexibility of either selecting Level (Constant) Income or Increasing Income stream.
What is Level Income option?
Level Income option is an income option which will provide you a constant income (does not increase or decrease) throughout the income period.
What is Increasing Income option?
Increasing Income option is an income option which will provide you an increasing income throughout the income period. Your income will increase by 5% p.a simple interest. Example: If your Guaranteed^ Income if Rs. 100,000 p.a in the first year, in second year you will receive an income of Rs. 105,000, third year your income will be Rs. 110,000 and so on.
For how many years will I get income under the Increasing/Level Income option?
You can choose to receive income for a period of 5/7/10/12/15/20/25/30. This is known as Guaranteed^ Income period for both Increasing and level income options
Can I take Guaranteed^ Income under Level/Increasing Income option in half-yearly or monthly frequency?
You can take Guaranteed^ Income only in monthly or annual frequency. There is no option to take it half-yearly.
When does the income start under the Level/Increasing Income plan option?
Under both Level Income and Increasing Income plan options, your income will start after the completion of policy term (premium payment term plus few years). Based on the option chosen, you can start receiving the income on
Guaranteed^ Income Due Date (Which can be upto 5 years after completion of the premium payment term)
Any special date such as date of maturity of the policy, birthday, anniversary date, etc.
What is MoneyBack Benefit and MoneyBack Benefit %?
You can choose to receive any percentage from 0% to 100% of the sum total of all annualized premiums payable by you as a one time lump sum benefit (known as MoneyBack Benefit). You will need to select the percentage of MoneyBack at inception.
Example: If sum total of all annualized premiums payable is Rs. 10 Lacs and you have selected a MoneyBack Benefit of 50%, your MoneyBack Benefit amount will be Rs. 5 Lacs (Rs. 10 Lacs x 50%).
When will I receive MoneyBack Benefit?
You have the flexibility to choose any year, on or after the maturity date of the policy up to the last income year, to receive the MoneyBack Benefit.
Example: If you have opted to receive MoneyBack Benefit in 6th income year, you will receive MoneyBack Benefit at the end of 6th income year.
Can I opt to not receive any MoneyBack Benefit?
Yes. If you select your MoneyBack Benefit % as 0%, you will not receive any MoneyBack Benefit.
What will be the impact of MoneyBack Benefit on Guaranteed^ Income amount?
A higher MoneyBack Benefit will mean a lower Guaranteed^ Income. Also, MoneyBack year will have an impact on the Guaranteed^ Income amount. Later the MoneyBack Benefit year, higher will be the income.
Can I change MoneyBack Benefit % and year after purchasing the policy ?
No. MoneyBack Benefit % and year has to chosen at the inception of the policy. This cannot be changed later.
What is Low Cover Income Booster?
Low Cover Income Booster is a flexibility that provides you an option to opt for a lower Life Insurance Cover and enjoy additional (higher) Guaranteed^ Income.
When can I opt for Low Cover Income Booster
You can opt for Low Cover Income Booster at the inception of the policy. Once chosen, it cannot be changed later.
What happens in case of death of the Life Assured during the Policy Term?
In case of death of the Life Assured during the Policy Term, the death benefit will be paid to the Claimant and the policy shall terminate.
What happens in case of death of the Life Assured between the period of completion of policy term & start of the income term?
Nominee will continue to receive Guaranteed^ income for the entire income period, in case of death of the Life Assured after the Policy Term.
Is Life Insurance Benefit applicable during the Income Period? What happens in case of death of the Life Assured during the Income period?
Since Income period in not included in the policy term, Life Insurance Benefit will not be applicable during the income period. Nominee will continue to receive guaranteed^ income for the entire income period, in case of death of the Life Assured during income period.
What is 'Save the Date' feature?
You have an option to receive GI every year on a Special Date of your choice preceding the due date of first GI pay-out during the Income Period. The Special date can be chosen to coincide with any date such as, Date of Maturity, birth date or anniversary date etc. Payment of GI will commence from this Special Date and all further GIs will be paid every year on this Special Date chosen. You can select the Special Date at policy inception or any time before two months of the completion of the policy term.
In case the policy is taken on the life of a minor life assured (age less than 18 years), what will happen on him/her turning age 18 years (attaining majority)?
In case of a policy taken on a minor life assured, once the life assured turns major (i.e. age 18 years), the ownership of the policy transfers to the life assured. He/She then becomes the proposer of the policy and is liable to pay future premiums, if any and will also be entitled to the benefits payable under the policy.
< ClaimForSure: 1 Day Death Claim Settlement is available for the following:
a) Policies that have been active for 3 consecutive years. All due premiums in the policy have been paid and the policy has been active for 3 consecutive years preceding life assured's death.
b) All mandatory claim documents are submitted at the branch. Mandatory documents to be submitted at Branch Office-Claimant statement form,Original policy certificate,Copy of death certificate issued by local authority, AML KYC documents-Nominee's recent photograph, Copy of Nominee's pan card,Nominee's current address proof, photo identity proof, Cancelled cheque/Copy of bank passbook,Copy of medico legal cause of death,Medical records (Admission notes,Discharge/Death summary,Test reports, etc). For accidental death-Copy of FIR, Panchnama,Inquest report,Postmartem report,Driving license.
c) Total claim amount of all the life policies held by the Life Assured <=₹ 1.5 Crore
d) Claim does not require any on-ground investigation
< 1 Day is a working day, counted from date of receipt of all relevant documents from the claimant, additional information sought by the Company and any clarification received from the claimant. The Company will be calling the claimants for verification of information submitted by the Claimant which will also be considered as part of relevant documents. Working day will be counted as Monday to Friday and excluding National holidays/Bank holidays/Public holidays.
∆ Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. In case of breach in regulatory turnaround time, interest will be paid as per IRDAI regulations.
+ Life Insurance Cover is the benefit payable on death of the Life Assured during the policy term
^ Guaranteed Benefits will be payable subject to all due premiums being paid
1 You can choose to receive any percentage from 0% to 100% of the sum total of all annualized premiums payable by you as MoneyBack Benefit. This will be paid as a Lump sum amount. Additionally, you also have the flexibilty to choose any year, on or after the maturity date of the policy up to the last income year, to receive this MoneyBack Benefit. Your Guaranteed Income amount will be adjusted based on the MoneyBack Benefit % and payout year selected by you.
1a Total Premiums Paid means the total of all premiums received, excluding any extra premium, any rider premium and taxes
2 If you opt for “Low Cover Income Booster” the sum assured on death will be lower and your guaranteed income will be increased.
# You have an option to receive Guaranteed Income every year on a Special Date of your choice preceding the due date of first GI pay-out during the Income Period, if you have opted for annual mode of income. The Special date can be chosen to coincide with any date such as, Date of Maturity, birth date or anniversary date etc. Payment of Guaranteed Income will commence from this Special Date and all further GIs will be paid every year on this Special Date chosen. You can select the Special Date at policy inception or any time before two months of the completion of the policy term.
* Tax benefits may be applicable on premiums paid and benefits received as per the prevailing tax laws. Tax benefits under the policy are subject to conditions under provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for more details
¶ Level Income and Increasing Income are income options available under GIFT Pro. Guaranteed Benefits will be payable subject to all due premiums being paid. Under Level Income, the Guaranteed Income will remain constant throughout the income period. If Increasing Income is selected, the Guaranteed Income will increase at a simple interest rate of 5% p.a. You can either opt for Level Income or Increasing Income option. This option has to be selected at inception and cannot be changed later.
3 Maturity Sum Assured is the discounted value of future GIs and MoneyBack Benefit (if applicable) computed at discount rate of 8.00% p.a. at the end of the policy term.
4 The total amount is calculated for a 30-year-old healthy male with a premium paying term of 10 years, deferment period of 2 years, income period of 30 years taking income in annual instalment along with 100% MoneyBack with the last income under Increasing Income plan option. The premium shown is exclusive of taxes and the mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.
$$ The returns are derived basis age, gender and premium of the customer, pre-populated from the information provided at the time of filling the personal details in the calculator.
~ Additional Benefit is offered for online sales: For both Level Income/Increasing Income Plan option, Extra 3% of Guaranteed Income and Moneyback Benefit is applicable.
$ ICICI Pru GIFT Pro offers 8 options in income period namely 5,7,10,12,15, 20, 25 and 30 years. The customer can choose any plan option from the eight available options. Please refer to the brochure for more details.
☩ You can take a policy loan after your policy acquires a surrender value. The maximum loan amount will be 80% of the surrender value.
^^ Data regarding AUM is as per Annual Report of the Company for FY2023.
T 77.1 mn lives covered across our individual and group customers as per ICICI Prudential Life Council Report .
∞ Policies issued on or after April 01, 2023 where aggregate premium in respect of Non - Unit linked life insurance policies more than ₹ 5 lakh p.a. is not exempt u/s 10(10D) of the Income Tax Act, 1961. Tax benefits under the policy are subject to conditions under Sections 80C, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any will be charged extra as per applicable rates. Tax laws are subject to amendments from time to time. Please consult your tax advisor for more details.
ICICI Prudential Life Insurance Company Limited. IRDAI Regn No. 105. CIN: L66010MH2000PLC127837. ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. For enquires related to new policies purchased online, please call us on 1-860-266-7766 and select option 4 on our Interactive Voice System. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. ICICI Pru GIFT Pro, A Non-Linked Non-Participating Individual Savings Life Insurance Plan
UIN : 105N201V02 Advt No.: W/II/0444/2023-24
BEWARE OF SPURIOUS / FRAUD PHONE CALLS!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Guaranteed^ Income as per your choice¶
Choose to get a constant guaranteed^ income or increasing guaranteed^ income at simple interest of 5% every year to take care of increasing expenses
Customisable MoneyBack Benefit1
Flexibility to choose the percentage1 of the premiums1a paid to get as MoneyBack (between 0% to 100%) in any year of your choice1 during the Income Period, as per your future goals
Flexibility to choose income period$
Choose the duration$ for which you want to receive your guaranteed^ income: 5/7/10/12/15/20/25/30 years
Save upto ₹46,800 p.a. on premiums paid u/s 80C* and get tax-free returns u/s 10(10D)*
Withdraw future benefits as a lumpsum3
You have the option to receive all future guaranteed^ income and MoneyBack Benefit by converting them into a lump sum3 to fulfil your goals
Low Cover Income Booster2
Enjoy additional income as per your needs by opting for a lower life cover2