Life is peaceful when you can plan your goals ahead of time. You need a plan that can take care of your family's financial security with a life insurance cover¹ as well as secure your life goals like marriage, parenthood, children's education and retirement.

Presenting ICICI Pru GIFT Pro, a protection and savings-oriented life insurance plan which helps you build a safety net to provide financial protection to your family along with guaranteed² benefits. With ICICI Pru GIFT Pro, you can achieve your life goals like a PRO.

What makes ICICI Pru GIFT Pro suitable for you?

• Life Insurance Cover¹ for financial security of your family
• Flexibility of selecting duration of receiving Guaranteed Income² as per your needs
• Option to receive Guaranteed income² that either stays the same throughout the income duration or increases every year
• Flexibility to choose:
  • Percentage of MoneyBack Benefit³ i.e. sum of total annualised premiums paid: It can be any number from 0% to 100%
  • When you want to receive MoneyBack Benefit³: It can be paid at the maturity date or at the end of any policy year within the income period
• Option to enhance your Guaranteed Income² amount with Low Cover Income Booster⁴
• Option to receive income on date of your choice through Save the Date⁵ option
• Tax benefits⁶ may be applicable on premiums paid and benefits received as per the prevailing tax laws

A GIFT with many flexibilities

You pay premiums for a certain period of time (known as the premium payment term). After the completion of policy term, you will receive Guaranteed Income² (GI) at the end of every month/year for a certain period (known as the Income Period). Please go through the details given below to know about the various flexibilities available to you.

1. Flexibility to choose Guaranteed Income option (Level Guaranteed Income⁷ or Increasing Guaranteed Income⁷)

ICICI Pru GIFT Pro gives you the option to select whether you want to receive guaranteed income² that either

• remains at the same level throughout the Income Period, or
• increases every year

If you choose to receive an income that increases every year, your guaranteed income² will increase every year at a simple interest rate of 5% per annum

Let us take an example to understand this flexibility available under ICICI Pru GIFT Pro:

Bhavesh is a 35-year-old who wants to receive second income that increases every year to meet his future goals.

He decides to pay an annual premium of ₹1 lakh for 10 years in ICICI Pru GIFT Pro and receive 100% MoneyBack Benefit in the last year of the Income Period and gets a life cover of minimum ₹ 10.70 lakh for 11 years.

Below table shows Bhavesh’s income in respective policy year:

2. Flexibility to choose to receive a percentage of your total annualised premiums paid i.e., MoneyBack Benefit³

3). You will need to select the percentage of MoneyBack³ at inception

Let us take an example to understand this flexibility available under ICICI Pru GIFT Pro:

Bhavesh is a 35-year-old who wants to create a second income for himself so that he can plan for his future goals.

He decides to pay an annual premium of ₹1 lakh for 10 years towards ICICI Pru GIFT Pro. He gets a life cover¹ of minimum ₹ 10.70 lakh for 11 years. He also decides to receive 100% MoneyBack Benefit³ in the last year of the Income Period. He gets a life cover of minimum ₹10.70 lakh for 11 years.

Let’s say Bhavesh considers 100%, 80%, 50%, 30% or 0% as MoneyBack Benefit³ along with the last income

Below table shows Bhavesh’s income in respective policy year:

3. Flexibility to choose when you want to receive MoneyBack Benefit³

ICICI Pru GIFT Pro gives you 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 Benefit³. The MoneyBack Benefit³ will be payable at the end of the year, as chosen by you.

Please also note: In case of death of the Life Assured during the Income Period, the Claimant continues to receive the Guaranteed Income² and MoneyBack Benefit³ (if applicable and not paid earlier).

4. Flexibility to choose income on any date of your choice with Save the Date⁵

2 if you have opted to take Guaranteed Income² on an annual basis.

5. Flexibility to receive all future benefits as a lump sum benefit at a discounted value

For ease of access to the fund, you get the option to receive future benefits by converting them in the form of a lump sum at policy maturity or any time during the income period, at a discounted rate (if not already received). This flexibility is also available to the Claimant in case of unfortunate demise of the Life Assured during the Income Period.

6. Low Cover Income Booster⁴

At the inception of the policy, you can also choose to opt for “Low Cover Income Booster” wherein you will be able to enjoy increased income for opting a lower life cover.

Death Benefit

In the event 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 will be paid out as a lump sum to the person specified (known as the Claimant) in the policy.

Death Benefit is highest of:

• a. Sum Assured on Death (defined as Death Benefit multiple X Annualised Premium⁸)
• b. 105% of the Total premiums paid¹⁰ up to the date of death
• c. Death Benefit Factor X Maturity Sum Assured⁹ X {number of months for which premiums are paid up to date of death / (12 X Premium Payment Term)}
• d. Surrender value payable as on the date of death.

On payment of Death Benefit to the claimant, the policy will terminate and all rights, benefits and interests under the policy will stand extinguished.

Plan at a glance

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