Guaranteed Return Plan

Q: Can Guaranteed plans help to save tax^?

Yes, Guaranteed plans help in saving tax^. The premiums paid for such plans are eligible for deduction under Section 80C^ and the Maturity amount is tax-free^ subject to conditions prescribed u/s 10(10D)^ of the Income Tax Act, 1961.

What is a Guaranteed Return Plan?

A guaranteed⁸ return plan, as the name suggests, lets you save your money and offers guaranteed⁸ returns for your future, with customisable income or return options as per your need.
There are plenty of reasons that can impact the financial market and affect your investments. This is why it is important to consider investing a portion of income in a guaranteed⁸ return product that provides fixed returns irrespective of changes in the market. A guaranteed⁸ return insurance plan enables you to save for your future expenses while offering a life cover^` that protects your loved ones in your absence.

⁸T&C Apply

How does Guaranteed Return Insurance plan work?

A guaranteed⁸ return investment plan allows you to save for your future and secure your loved ones financially in case of any unfortunate incident. The plan offers low-risk savings that can be used to cover varied financial goals. You can choose a sum assured based on your requirements on the basis of which the premium is determined. Upon maturity, your lump sum savings are given to you. Further, if any unfortunate incident occurs, your family gets the insurance payout that helps them live a comfortable life.

⁸T&C Apply

Why invest in a Guaranteed Return Plan?

Financial markets by nature are volatile, which in turn can affect your investments. In such a scenario, it is ideal to diversify your investment portfolio with a guaranteed⁸ return product. Since guaranteed⁸ return plans are low-risk, they are not affected by the movements of the market. So, you can rely on it for stable returns. Even though the returns may be low compared to other high-risk investments, there is no fear of losing your money or leaving your family members financially uncovered in their hour of need.

⁸T&C Apply

Guaranteed Return Plan How is a Guaranteed Return Plan more reliable?

A guaranteed⁸ return plan is a low-risk plan.

It is not affected by the movements of the market.

A guaranteed⁸ return plan offers stable returns.

Family members financially covered.

⁸T&C Apply

Benefits of Guaranteed Return Investment Plan

Guaranteed return plans, along with other similar savings plans constitute 85% of all insurance plans bought in India².
Here are some benefits of a guaranteed return investment plan that make these plans so popular:

Guaranteed^> Returns

You can expect guaranteed^> returns from such plans. The risk involved is low, so you can rely on these plans for your future.

^>Conditions apply

Life Cover^`

In case of an unfortunate incident during the policy term, your loved ones get the entire sum assured that can help them with their finances.

Tax Benefits^*

You can get deduction^{^} of premiums paid under Section 80C^{^} and Maturity amount is tax-free subject to conditions u/s 10(10D)^{^} of the Income Tax Act, 1961.

Let’s find the best plan for you Give your Savings the Power of Guarantee

Guaranteed income for short-term

Fixed Returns on your deposit

Guaranteed Income for Long-Term

Power your long-term goals with a Guarantee

Guaranteed Lifelong income (Annuity)

One smart investment today will build you a comfortable tomorrow

Guaranteed lump sum

Regular systematic savings today to build a tax-free^* fund for future

ICICI Pru Guaranteed Income For Tomorrow
(Income option)

Regular income guaranteed^{^^} for financial goals

Second income for yourself for your later years
EMI payment of any type of loan^☩
Regular expense of child’s education
Financial independence of spouse

Income received is completely tax-free subject to conditions u/s 10(10D)^* and also savings of ₹ 46,800 p.a. on premiums paid u/s 80C^*

Financial security of family is ensured as guaranteed^{^^} income continues even in your absence

Buy online and get up to 2.5% additional maturity benefit^~

^{^^}Conditions Apply

You Pay : ₹ 10,000 p.m. for 10 years

You Get : ₹ 23.14 lakh as income^Θ

Know More

ICICI Pru Guaranteed Income For Tomorrow
(Early Income option)

Guaranteed^< regular income as early as the 2^nd year after your investment starts

Additional guaranteed^< income over and above your salaried income
EMI payment for any type of loan^☩
Regular expenses of your child

Income received is completely tax-free subject to conditions u/s 10(10D)^* and also savings of ₹ 46,800 p.a. on premiums paid u/s 80C^*

Financial security of family is ensured as guaranteed^< income continues even in your absence

Up to 3.5% Additional Guarantee income on buying online^~

^<Conditions Apply

You Pay : ₹ 5,000 p.m. for 10 years

You Get : ₹ 9.08 lakh as income^†

Know More

ICICI Pru Guaranteed Income For Tomorrow
(Long-term)

Guaranteed^> regular income for as long as 15, 20, 30 years as per your financial goals

Income for your retirement
Key milestones of your Child’s life, such as education, wedding, and other milestones of life

2 different income options available to choose from basis your financial goal

Income option: Invest for 7 or 10 years and ensure guaranteed^> income for as long as 30 years
Income with money back: 110% premiums are paid back^@

Income received is completely tax-free subject to conditions u/s 10(10D)^* and also savings of ₹ 46,800 p.a. on premiums paid u/s 80C^*

Financial security of family is ensured as guaranteed^> income continues even in your absence

Up to 2% Additional Guarantee income^~~ on buying online

^>Conditions Apply

You Pay : ₹ 10,000 p.m. for 10 years

You Get : ₹ 49.61 lakh as income³

Know More

ICICI Pru Guaranteed Pension Plan

Creating a guaranteed^” regular flow of income with just one investment

Convert savings into lifelong income source
Financing post-retirement needs
Securing the income for your loved ones

Lock-in the interest rates for entire life^%

Option to get higher income with deferment

Get higher income on higher investment

Tax^{^} benefits on premiums paid as per prevailing tax laws

^”Conditions Apply

You Pay : ₹ 11 lakh just once

You Get : ₹ 10,206 p.m. guaranteed for life⁴

Know More

ICICI Pru Guaranteed Pension Plan Flexi

Creating a guaranteed^$ regular flow of income with systematic investment

Funding regular expenses post retirement
Maintaining the same superior lifestyle
Creating a source of income for family

Financially secure your loved ones with Waiver of Premium ^≤

Get your entire investment back in the end^Ω

Choice to get additional income in the old age

Option to secure income even if you miss the premiums

Tax^{^} benefits on premiums paid as per prevailing tax laws

^$Conditions Apply

You Pay : ₹ 10,000 p.m. for 15 years

You Get : ₹ 11,195 p.m. guaranteed for life⁵

+ ₹ 18 lakh back⁵

Know More

ICICI Pru Guaranteed Income For Tomorrow (Lump Sum - Limited Pay)

Guaranteed^! amount at maturity after investing regularly yearly, monthly or half-yearly

Tax-free^* returns for financial needs such as

Acting as an emergency fund
Fund for child’s higher education, starting a business or buying a house

Income received is completely tax-free subject to conditions u/s 10(10D)^* and also savings of ₹ 46,800^* p.a. on premiums paid u/s 80C

Financial security of family is ensured as guaranteed^! income continues even in your absence

Buy online and get up to 2.5% additional maturity benefit^~

^{^^}Conditions Apply

You Pay : ₹ 10,000 p.m. for 10 years

You Get : ₹ 26.49 lakh on the 20^th year⁶

Know More

ICICI Pru Assured Savings Insurance Plan

Guaranteed⁺ amount paid at maturity

Guaranteed addition of 9% or 10% is added to your invested amount every year of your policy term⁺⁺

Flexibility in payment: Pay in Monthly, Half-Yearly or Yearly premium payment mode^÷

Protection: Get life cover^` for the entire policy term

Tax savings on premiums paid under section 80C^{^} & Maturity amount is tax-free subject to conditions u/s 10(10D)^{^}

⁺Conditions Apply

You Pay : ₹ 5,000 p.m. for 5 years

You Get : ₹ 4.19 lakh on the 10^th year⁷

Know More

What are the steps to buying a Guaranteed Return Investment Plan?

Here are the steps of buying a guaranteed return investment plan:

Create your savings plan

Fill application

Make payment & upload document

Plan
Issued

When should you buy a Guaranteed Return Plan?

Like all investments, guaranteed return plans should be connected to your financial goals. These goals will depend on what stage of life you are at. Some may be looking to secure their child’s future; some may look for savings and a second stream of income, others may look for an income post retirement free from market risks. A guaranteed return plan will be suitable at any age for any life goal.

Who Should Buy Guaranteed Return Investment Plans?

A guaranteed return insurance plan can be ideal for anyone and everyone. From a salaried individual to a business owner to a first time jobber or a person nearing retirement, Guaranteed Return insurance plan is a suitable plan for anyone and in any age-group. Since the policy terms for these plans range from 10 to 30 years, such plans can be suitable for saving for your future financial needs.

Frequently Asked Questions

Factors affecting returns

The returns are dependent on the policy term, premium payment term, investor’s age and income period.

Age - The earlier you invest the more will be your returns.
Gender - Returns are higher for women investors vs male due to mortality rate.
Policy Term - You also get higher returns for staying invested for longer. The longer you stay in the policy, the greater will be your returns.
For example, "if you pay for 5 years and get income for 10 years, the rate of return would be higher compared to what you pay for 5 years and opt for income for 5 years, since you stay for a longer duration."

How much money should I save every month/year?

There is no fixed rule as to how much money should one save every month or year. The obvious answer would be, the more the better. Then there are certain thumb rules like the 50/30/20 rule^ˇ, which states that 50% of your budget or income should be kept for essentials like rent and food, 30% for discretionary spending, and at least 20% for savings. This too can vary depending on age and income. At a younger age, when one is starting a professional career, income and responsibilities may be lesser. When one is older income may be higher but so will be the responsibilities. The ideal way would be to have financial goals in mind and to work towards achieving them by saving accordingly.

Can Guaranteed plans help to save tax^{^}?

Yes, Guaranteed plans help in saving tax^{^}. The premiums paid for such plans are eligible for deduction under Section 80C^{^} and the Maturity amount is tax-free^{^} subject to conditions prescribed u/s 10(10D)^{^} of the Income Tax Act, 1961.

Who is eligible to invest in a Guaranteed plan?

A guaranteed plan can be suitable for all types of investors. Be it first-time investors, salaried professionals, business owners and even those planning for their retirement. This plan has policy term options that can make it a good choice for anyone between the ages of 18 and 60 years.

Should I pick a long-term or a short-term Guaranteed plan?

Guaranteed plans should be selected basis an individual's financial goals and life stage/age, that he or she may be in. For example; a long-term guaranteed plan would best suit a young professional who has just started his/her career as the premium amount is affordable as tenure is spread over a long-term and the amount invested gets more time to give better returns. Similarly, someone who would be close to retiring and wishes to add to a guaranteed source of income may consider a short-term guaranteed plan.

ICICI PRU PROMISEWhy Choose ICICI Pru Life?

₹2.40 lakh Cr^%

Assets under management

₹ 58.1 Cr^&

Lives covered

₹ 2.04 lakh Cr^$$

Benefits paid till March 31, 2022

1.5 days^>>

average claim settlement time

Disclaimers

^`Life cover is the benefit payable on death of the Life Assured during the policy term.

^!! As per IRDAI Annual Report 2021-22

^<< Claim statistics are for Financial Year FY2021-22 and is computed on individual basis claims settled over total individual claims for the financial year. For details, refer to Annual Report on our website.

^** As per IRDAI Annual Report 2021-22, average turnaround time for non-investigated retail death claims from receipt of last requirement.

^% Data regarding AUM is as per Annual Report of the Company for FY2022.

^& 58.1 mn lives covered across our individual and group customers as per ICICI Prudential Life Council Report.

^$$ As per Financial Statements (Schedule 4- Benefits paid (Gross)) of the company, benefits paid since inception up to March 31, 2022.

^>> Average turnaround time for non-investigated retail death claims from receipt of last requirement as per Annual report for FY2022

^ˇ How much should you Save Every Month for a Secured Future? - https://www.canarahsbclife.com/blog/term-insurance/how-much-should-you-save-every-month-for-a-secured-future.html

ICICI Pru Guaranteed Income for Tomorrow (Income option)

^{^^} Guaranteed benefits in the form of lump sum will be payable under Lump Sum Plan option. Guaranteed benefits in the form of regular income will be payable under Income Plan option and Early Income Plan option provided all due premiums have been paid.

^☩ You can take a policy loan after your policy acquires a surrender value. The maximum loan amount will be 80% of the surrender value.

^* Tax benefits of ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium u/s 80C of ₹1,50,000. Tax benefits under the policy are subject to conditions under Sections 80C, 80D, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Good and Service tax and Cesses, if any will be charged extra as per prevailing rates. The Tax-Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on the above.

^~ Additional Maturity Benefit is offered for online sales: For Lump Sum Plan option, 2.5% of Sum Assured on Maturity is applicable for Limited pay. In case of Single Pay in Lump Sum Plan option, 1% of Sum Assured on Maturity is applicable. For Income Plan option, 2.5% of Guaranteed Income is applicable. For Early Income Plan option, 3.5% of Guaranteed Income is applicable. For Single Pay Income Plan option, 1% of Guaranteed Early Income is applicable.

ICICI Pru Guaranteed Income for Tomorrow (Early Income option)

^< This benefit is available under the Early Income plan option.

^☩ You can take a policy loan after your policy acquires a surrender value. The maximum loan amount will be 80% of the surrender value.

^* Tax benefits of ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium u/s 80C of ₹1,50,000. Tax benefits under the policy are subject to conditions under Sections 80C, 80D, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Good and Service tax and Cesses, if any will be charged extra as per prevailing rates. The Tax Free income is subject to conditions specified under Section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on the above.

ICICI Pru Guaranteed Income for Tomorrow (Long-term)

^> Guaranteed benefits are payable depending on the plan option chosen, subject to all due premiums being paid. ICICI Pru Guaranteed Income For Tomorrow (Long-term) offers two plan options namely 'Income' and 'Income with 110% ROP'. The customer can choose any plan option from the two available options. Please refer to the product brochure for more details.

^@ This benefit is available under Income with 110% ROP plan option.

^* Tax benefits of ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium u/s 80C of ₹1,50,000. Tax benefits under the policy are subject to conditions under Sections 80C, 80D, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Good and Service tax and Cesses, if any will be charged extra as per prevailing rates. The Tax Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on the above.

^~~ Additional Benefit is offered for online sales: For Income Plan option, 1.5% of Guaranteed Income is applicable. For Income with 110% ROP Plan option, 2% of Guaranteed Income is applicable.

^{^} Tax benefits are subject to conditions under Sections 80C, 80D, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses 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 details, before acting on the above.

¹ Higher benefit for women: For a female life assured, the rates will be those applicable to male life assured two year younger.

^# Guaranteed benefits are payable subject to all due premiums being paid and the policy being in force on the date of maturity.

^## Guaranteed Additions (GAs) rate will be 9% for policy term of 10 years and 10% for policy term of 15 years. GAs will be added to the policy at the end of every policy year if all due premiums have been paid. Each GA will be calculated as GA rate multiplied by the total premiums paid till date (excluding extra mortality premiums, Goods & Services Tax and Cess (if any)).

ICICI Pru Guaranteed Pension Plan

^“ Annuity will be payable in arrears. The frequency of annuity payments can be monthly, half-yearly, quarterly or annually as chosen by the annuitant at the time of purchasing the annuity. The annuity amount chosen at policy inception is guaranteed for life.

^% Annuity rates applicable would be as per the annuity rate prevailing on the day of purchase.

ICICI Pru Guaranteed Pension Plan Flexi

^$ Your annuity/income is informed to you when you buy the plan and is guaranteed~ and unchanged for life.

^Ω With the ROP option, your nominee gets back all your premiums paid after you

^≤ This option is available solely with Joint-Life options.

ICICI Pru Guaranteed Income For Tomorrow (Lump sum)

^! Guaranteed benefits in the form of lump sum will be payable under Lump Sum Plan option. Guaranteed benefits in the form of regular income will be payable under Income Plan option and Early Income Plan option provided all due premiums have been paid.

^* Tax benefits of ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium u/s 80C of ₹1,50,000. Tax benefits under the policy are subject to conditions under Sections 80C, 80D, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Good and Service tax and Cesses, if any will be charged extra as per prevailing rates. The Tax Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on the above.

ICICI Pru Assured Savings Insurance Plan

⁺ Guaranteed Maturity Benefit (GMB): Your GMB will be set at policy inception and will depend on policy term, premium, premium payment term, age and gender.

⁺⁺ Guaranteed Additions (GAs) rate will be 9% for policy term of 10 years and 10% for policy term of 15 years. GAs will be added to the policy at the end of every policy year if all due premiums have been paid. Each GA will be calculated as GA rate multiplied by the total premiums paid till date (excluding extra mortality premiums, Goods & Services Tax and Cess (if any)).

^÷ The proportion of applicable Guaranteed Income payable for monthly and half-yearly modes of premium payments, expressed as a percentage of the annual premium are given below:

Mode of Premium Payment	Proportion of benefits
Monthly	94%
Half-yearly	97%
Yearly	100%

² Why smart customers dodge the investment-cum-insurance policy trap - https://www.livemint.com/money/personal-finance/why-smart-customers-dodge-the-investment-cum-insurance-policy-trap-11598979971575.html

^Θtotal income is calculated for a 30-year-old healthy male with a premium paying term of 10 years, policy term of 11 years and income period of 10 years taking income in annual instalment under 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 total benefits is for a 30-year-old healthy male with a premium paying term of 10 years, policy term of 11 years and income period of 10 years taking income in annual instalment under Early 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 total benefits is the sum of all incomes payable under the Early Income plan option.

³The regular income is for a 30-year-old healthy male with a premium paying term of 10 years, policy term of 41 years and income period of 30 years taking income in annual instalment under Assured Income with 110% ROP 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 total benefits is the sum of all guaranteed incomes payable.

⁴This pension amount has been calculated for a male of age 60, with Purchase Price = ₹ 11 lakh(exclusive of GST), and choosing the option "Deferred Single Life with Return of Purchase Price" with a deferment period of 10 years.

⁵The given annuity is calculated for a 40-year-old male. The premium chosen is ₹ 10,000 p.m. (excluding taxes) for 15 years under the “Single life with ROP” option. The deferment period is 15 years & the guaranteed addition option is GA-II. 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

⁶Calculated for a 6-year-old healthy male with a premium paying term of 10 years and a policy term of 20 years for Lump Sum 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.

⁷Calculated for a 30-year-old healthy male with a premium paying term of 5 years and a policy term of 10 years. 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.

⁸Guaranteed benefits are payable subject to all due premiums being paid and the policy being in force on the date of maturity.

ICICI Pru Guaranteed Income For Tomorrow UIN 105N182V06 (A Non-linked Non-participating Individual Annuity Plan)

ICICI Pru Guaranteed Income For Tomorrow (Long-term) UIN 105N185V11 (A Non-Linked Non-Participating Individual Life Insurance Savings Plan)

ICICI Pru Assured Savings Insurance Plan UIN 105N144V08 (A Non-Linked Non-Participating Life Individual Savings Product)

ICICI Pru Guaranteed Pension Plan UIN 105N181V02 (A Non-linked Non-participating Individual Annuity Plan)

ICICI Pru Guaranteed Pension Plan Flexi 105N187V04 (A Non-linked Non-participating Individual Deferred Annuity Plan)

W/II/1484/2022-23

People like you also read...

How to Save Money

Importance of Savings

How to Invest Money

Why Investing Early is Important

CHECK RETURNS

Guaranteed Return Plan

Guaranteed Return Plan

Guaranteed Return Plan How is a Guaranteed Return Plan more reliable?

Benefits of Guaranteed Return Investment Plan

Guaranteed> Returns

Life Cover`

Tax Benefits*

Let’s find the best plan for you Give your Savings the Power of Guarantee

Guaranteed income for short-term

Guaranteed Income for Long-Term

Guaranteed Lifelong income (Annuity)

Guaranteed lump sum

ICICI Pru Guaranteed Income For Tomorrow (Income option)

ICICI Pru Guaranteed Income For Tomorrow (Early Income option)

ICICI Pru Guaranteed Income For Tomorrow (Long-term)

ICICI Pru Guaranteed Pension Plan

ICICI Pru Guaranteed Pension Plan Flexi

ICICI Pru Guaranteed Income For Tomorrow (Lump Sum - Limited Pay)

ICICI Pru Assured Savings Insurance Plan

What are the steps to buying a Guaranteed Return Investment Plan?

Frequently Asked Questions

ICICI PRU PROMISEWhy Choose ICICI Pru Life?

₹2.40 lakh Cr%

₹ 58.1 Cr&

₹ 2.04 lakh Cr$$

1.5 days>>

Disclaimers

People like you also read...

Guaranteed^> Returns

Life Cover^`

Tax Benefits^*

ICICI Pru Guaranteed Income For Tomorrow
(Income option)

ICICI Pru Guaranteed Income For Tomorrow
(Early Income option)

ICICI Pru Guaranteed Income For Tomorrow
(Long-term)

₹2.40 lakh Cr^%

₹ 58.1 Cr^&

₹ 2.04 lakh Cr^$$

1.5 days^>>