Q: What does the income comprise of under all plan options?

Immediate Income: The income will comprise of – Guaranteed 2 Income (GI) and Income which will be linked to Bonus, if declared; referred to as Cash Bonus (CB) Immediate Income with booster: The income will comprise of – Guaranteed 2 Income (GI) and Guaranteed 2 Booster (GB), and Cash Bonus 2 , if declared (CB) Deferred Income: The income will comprise of – Guaranteed 2 Income (GI) and Income which will be linked to Bonus, if declared; referred to as Cash Bonus (CB)

Q: How much income will I receive under all the plan options?

The Guaranteed 2 Income and Cash Bonus, if declared will be a percentage of Annualized Premium respectively and may vary by age, premium payment term and annualized premium. The GI and CB will be computed as: Guaranteed 2 Income = Guaranteed 2 Income rate multiplied by Annualized Premium (This is set at inception of the policy and remains guaranteed 2 to be paid every year/month throughout the Income Term) Cash Bonus = Cash Bonus rate multiplied by Annualized Premium

Q: What is guaranteed 2 booster in the Immediate Income with booster plan option?

Guaranteed 2 booster is a benefit which is payable every 5 th policy year and will be equal to 100% of the Guaranteed ^ Income. ^ Conditions apply

Question 1

What are the different plan options available under this plan?

Accepted Answer

ICICI Prudential Gold offers three different plan options. You can choose any one of the following at inception.

Immediate Income²: Provides a regular income or increasing income at the end of every policy year/month, starting from the first policy year till the end of the policy term followed by a lump sum on maturity.
Immediate Income with booster²: Provides a regular income at the end of every policy year/month, starting from the first policy year till the end of the policy term. Along with the regular income, it also provides a benefit (known as Guaranteed² Booster) every 5^th policy year followed by a lump sum on maturity.
Deferred Income²:Provides a regular income or increasing income after a few years (known as the deferment period) instead of starting immediately, as per your income requirements. You can start this income as early as 2^nd policy year or as late as Premium Payment Term plus 1 year. Also, get a lump sum on maturity of the policy

Question 2

What does the income comprise of under all plan options?

Accepted Answer

Immediate Income: The income will comprise of –
- Guaranteed² Income (GI) and
- Income which will be linked to Bonus, if declared; referred to as Cash Bonus (CB)
Immediate Income with booster: The income will comprise of –
- Guaranteed² Income (GI) and
- Guaranteed² Booster (GB), and
- Cash Bonus², if declared (CB)
Deferred Income: The income will comprise of –
- Guaranteed² Income (GI) and

Income which will be linked to Bonus, if declared; referred to as Cash Bonus (CB)

Question 3

What does the maturity benefit ^& comprise of under all plan options?

Accepted Answer

For all the three plan options, the maturity benefit is party guaranteed² and partly non-guaranteed. The maturity benefit will be a sum of:

Sum Assured on Maturity (i.e. equal to sum of all Annualized Premiums payable), plus
Balance in Savings Wallet (if any), plus
Terminal Bonus (if declared)

Question 4

How much income will I receive under all the plan options?

Accepted Answer

The Guaranteed² Income and Cash Bonus, if declared will be a percentage of Annualized Premium respectively and may vary by age, premium payment term and annualized premium. The GI and CB will be computed as:

Guaranteed² Income = Guaranteed² Income rate multiplied by Annualized Premium (This is set at inception of the policy and remains guaranteed² to be paid every year/month throughout the Income Term)

Cash Bonus = Cash Bonus rate multiplied by Annualized Premium

Question 5

What is guaranteed² booster in the Immediate Income with booster plan option?

Accepted Answer

Guaranteed² booster is a benefit which is payable every 5^th policy year and will be equal to 100% of the Guaranteed^{^} Income.

^{^}Conditions apply

Question 6

What deferment periods can I select under Deferred plan option?

Accepted Answer

You will have an option to defer the income by as early as 2^nd policy year(Deferment period 1) or as late as Premium Payment Term plus 1 year(Deferment period PPT+1)

Question 7

What are the modes of payment of Income?

Accepted Answer

You can choose to receive the Income in either monthly or annual mode. The frequency needs to be chosen at policy inception which cannot be changed later during the policy term. The income payout will begin from end of each month/year from 1^st policy year.

Question 8

When does my income start in the Immediate Income and Immediate Income with booster plan option?

Accepted Answer

The income in a policy starts from end of year/month starting from the 1^st policy year. Ex: If the policy issue date is Jan 2023,

If income frequency is monthly, then the income start date will be Feb 2023
If guaranteed² income frequency is yearly, then the income start date will be Jan2024.

Question 9

What are the premium payment frequencies available in the plan?

Accepted Answer

You can choose to pay the premiums in either monthly, half yearly or annual mode.

Question 10

What happens if I die during the policy term?

Accepted Answer

For all the three plan variants discussed above, If the person whose life is covered by this policy (known as the Life Assured) passes away, during the term of the policy, the Death Benefit (insurance cover amount) will be paid out as a lump sum to the person specified (known as the Claimant) in the policy.

Death Benefit is equal to:

Sum Assured on Death, plus
Balance in Savings Wallet (if any), plus
Interim Survival Benefit (if any), plus
Terminal Bonus (if declared)

Where, the Sum Assured on Death is the highest of:

7 times the Annualized Premium,
105% of the Total Premiums Paid as on the Date of Death
Death Benefit multiple (as given in Appendix II) times Annualized Premium.

Annualized Premium is the premium amount payable in a year chosen by policyholder, excluding the taxes, rider premiums, underwriting extra premium and loadings for modal premium, if any.

Total Premiums Paid means the total of all the premiums received, excluding any extra premium, any rider premium and taxes.

Question 11

Are there any loadings for different modes of premium payments?

Accepted Answer

For monthly and half-yearly modes of premium payments, additional loadings will be applied to both the base premium and the extra mortality premium. The additional loadings, expressed as a percentage of the annual premium will be as given below.

Mode of Premium Payment	Loading (% of Annual Premium)
Half-yearly	2.5%
Monthly	4.5%
Yearly	Nil

Question 12

What is ‘Save the date’ feature available under this plan?

Accepted Answer

With ‘Save the date’, you have the option to receive income on any one date, during the policy year prior to the policy anniversary, to coincide with any special date like birth date or anniversary date.

This option is available only if you have chosen annual mode of income payout. This option needs to be selected at policy inception and cannot be changed during the policy tenure.

In case you opt for a Special Date other than the policy anniversary, the Survival Benefit payable each year would be adjusted by multiplying the amount with the following Save the Date factors, varying by the policy month in which the Special Date.

Save The Date factors

Policy Month	Factor	Policy Month	Factor	Policy Month	Factor
1	92%	5	94%	9	97%
2	93%	6	95%	10	98%
3	93%	7	96%	11	98%
4	94%	8	96%	12	99%

Question 13

How will the guaranteed² booster be paid under Save the date feature?

Accepted Answer

Guaranteed² Booster shall be adjusted by multiplying the amount with the Save the Date factors, varying by the policy month in which the Special Date.

²Conditions apply

Question 14

Can I change the date selected under ‘Save the date’?

Accepted Answer

You have to choose the date selected under ‘Save the date’ at policy inception but it can be changed any time before the completion of the Premium Payment Term.

Question 15

Can I change the premium payment frequency?

Accepted Answer

Yes, change in mode of premium payment is allowed during the Premium Payment Term, but only on policy anniversary.

Question 16

Can income frequency be changed during the policy term?

Accepted Answer

The frequency needs to be chosen at policy inception which cannot be changed later during the policy term.

Question 17

Can the feature of ‘Save the date’ be chosen during the policy term?

Accepted Answer

This option needs to be selected at policy inception and cannot be changed during the policy tenure.

Question 18

What are the boundary conditions for ICICI Pru Gold?

Accepted Answer

Plan Variants	Premium Payment Term (PPT) (in years)	Min/Max Policy Term (PT) (in years)	Min/Max Age at Entry (in years)	Min/Max Age at Maturity (in years)	Min/Max Annualized Premium
Immediate Income	5	20/99	0/55	20/99	₹50,000 p.a.* Subject to Board Approved Under- writing Policy
	6 to 8	20/99	0/60	20/99
	9 to 12	30/99	0/60	30/99
Immediate Income with Booster	6	30/99	0/60	30/99
	7		0/60
	8 to 12		0/60
Deferred Income	7		0/60
	8		0/60
	9 to 12		0/60

*Applicable Taxes will be charged separately, as per applicable rates. The tax laws are subject to amendments from time to time.

Get tax-free* income in 7 days

What are Participating Plans?

A highly customisable lifelong income plan

Gold variants

Immediate Income²

Immediate Income with Booster²

Deferred Income²

Immediate Income²

Immediate Income with Booster²

Deferred Income²

Total benefits payable till maturity

How the plan works?

Savings Wallet Feature³

Steps to buy

Why Choose ICICI Prudential life?

Frequently Asked Question

What are the different plan options available under this plan?

What does the income comprise of under all plan options?

What does the maturity benefit ^& comprise of under all plan options?

How much income will I receive under all the plan options?

What is guaranteed² booster in the Immediate Income with booster plan option?

What deferment periods can I select under Deferred plan option?

What are the modes of payment of Income?

When does my income start in the Immediate Income and Immediate Income with booster plan option?

What are the premium payment frequencies available in the plan?

What happens if I die during the policy term?

Are there any loadings for different modes of premium payments?

What is ‘Save the date’ feature available under this plan?

How will the guaranteed² booster be paid under Save the date feature?

Can I change the date selected under ‘Save the date’?

Can I change the premium payment frequency?

Can income frequency be changed during the policy term?

Can the feature of ‘Save the date’ be chosen during the policy term?

What are the boundary conditions for ICICI Pru Gold?

Get tax-free* income in 7 days

What are Participating Plans?

A highly customisable lifelong income plan

Gold variants

Immediate Income2

Immediate Income with Booster2

Deferred Income2

Immediate Income2

Immediate Income with Booster2

Deferred Income2

Total benefits payable till maturity

How the plan works?

Savings Wallet Feature3

Steps to buy

Why Choose ICICI Prudential life?

Frequently Asked Question

What are the different plan options available under this plan?

What does the income comprise of under all plan options?

What does the maturity benefit & comprise of under all plan options?

How much income will I receive under all the plan options?

What is guaranteed2 booster in the Immediate Income with booster plan option?

What deferment periods can I select under Deferred plan option?

What are the modes of payment of Income?

When does my income start in the Immediate Income and Immediate Income with booster plan option?

What are the premium payment frequencies available in the plan?

What happens if I die during the policy term?

Are there any loadings for different modes of premium payments?

What is ‘Save the date’ feature available under this plan?

How will the guaranteed2 booster be paid under Save the date feature?

Can I change the date selected under ‘Save the date’?

Can I change the premium payment frequency?

Can income frequency be changed during the policy term?

Can the feature of ‘Save the date’ be chosen during the policy term?

What are the boundary conditions for ICICI Pru Gold?

Immediate Income²

Immediate Income with Booster²

Deferred Income²

Immediate Income²

Immediate Income with Booster²

Deferred Income²

Savings Wallet Feature³

What does the maturity benefit ^& comprise of under all plan options?

What is guaranteed² booster in the Immediate Income with booster plan option?

How will the guaranteed² booster be paid under Save the date feature?