ICICI Pru Guaranteed Income For Tomorrow Calculator

¹The total 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.

²The 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 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 the sum of all incomes payable under the Income plan option.

⁴Calculated for a 30-year-old healthy male with a premium paying term of 7 years and a policy term of 15 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.

⁵Calculated for a 6-year-old healthy male with a premium paying term of 7 years and a policy term of 15 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.

⁶Calculated for a 30-year-old healthy male with one-time premium payment and a policy term of 10 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.

⁷Higher benefits for women: For a female life assured, the rates will be those applicable to male life assured two year younger.

^##Save the Date: You can choose to receive income on any one date succeeding the due date of first income to coincide with any special date. This option is available only for Income and Early Income options. This option needs to be selected at policy inception or before the maturity date. The GIs payable from the special date will be increased for the deferment period i.e. the period between the due date of first GI pay-out and the special date, at an interest rate of 3.00% p.a. compounded monthly. Any change in interest rate will be subject to prior approval from IRDAI.

^`In case of death of the Life Assured during the Income Period under Income plan &Early Income plan options, the nominee will continue to receive the Guaranteed Incomes (GIs) till the end of the Income Period. At any time during the income period, the claimant has the option to receive the future GIs discounted at a rate of 9.00% p.a., in the form of a lump sum benefit. This discount rate is not guaranteed and is computed with reference to prevailing yield on 10 year Government. Any change in discount rate/formula will be subject to prior approval from IRDAI.

^{^^}Assets Under Management, Lives Covered, Average Claim Settlement Time: Source - https://www.iciciprulife.com/content/dam/icicipru/about-us/FinancialInformation/AnnualReports/FY2021-AnnualReport.pdf

^``Bonus declared for policyholders: Source - https://www.livemint.com/insurance/news/icici-pru-life-declares-highest-ever-bonus-of-rs-867-cr-for-policyholders-check-if-you-are-eligible-11623058111199.html

⁺Life Cover is the benefit payable on death of the life assured during the policy term.

^*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 Section 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 above.

^‘Our Life insurance policies cover COVID-19 claims under life insurance claims, subject to applicable terms and conditions of policy contract and extant regulatory framework.

^**Benefits from 2nd year onwards is available under the Early Income plan option.

^''Guaranteed Income is the income that you receive during the Income Period under Income and Early Income plan options. 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.

^~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.

^{^}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.

^~~Death due to any reason: Death due to reasons other COVID-19 will also be covered here. For more details on exclusions under this, please refer to the brochure.

^#Hospitalization Benefit is available with ICICI Pru Corona Protect Rider. ICICI Pru Guaranteed Income For Tomorrow can be purchased without this rider. Hospitalization admission in a Hospital should be for a minimum period of seventy two (72) consecutive 'In-patient care’ hours for the treatment of COVID-19. Please refer to the terms and conditions for detailed definition of Hospitalization.

^¶ICICI Pru Guaranteed Income For Tomorrow offers four plan options namely 'Lump sum', 'Income', 'Early Income' and 'Single Pay Income'. The customer can choose any plan option from the four available options. Please refer to the brochure for more details.

^¶¶The total income is calculated for a 7-year-old healthy male with a premium paying term of 10 years, policy term of 11 years and income period of 5 years and 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 calculation is made under the assumption that the child starts college at the age of 18 years and completes college at the age of 20 years, the child starts higher education at the age of 21 years and completes higher education at the age of 22 years.

^$Additional Maturity Benefit is offered for ICICI Group Employees: For Lump Sum Plan option, 6.5% of Sum Assured on Maturity is applicable for Limited pay. In case of Single Pay in Lump Sum Plan option, 2% of Sum Assured on Maturity is applicable. For Income Plan option, 6.5% of Guaranteed Income is applicable. For Early Income Plan option, 9% of Guaranteed Income is applicable.

⁺⁺6.12% is the IRR (internal rate of return) calculated not considering taxes chargeable on premiums paid for a 30 year old healthy male selecting Annual Premium as ₹1,00,000, Premium payment term as 10 years, policy term of 11 years and income period of 10 years taking income in annual instalment under Income plan option.

^$$The returns are derived basis age, gender and premium entered by the customer, pre-populated from the information provided at the time of filling the personal details in the calculator.

⁸ Premium recommendation is based on age and annual income while the returns is derived basis age and gender of the existing customer, pre-populated from the information provided at the time of previous policy purchase.

⁹ Interest rates are declining: Source - "https://www.livemint.com/money/personal-finance/rbi-keeps-interest-rates-low-despite-economic-revival-11628615514999.html

¹¹The total amount is calculated for a 30-year-old healthy male with a premium paying term of 10 years paying premiums in monthly mode, policy term of 11 years and income period of 10 years taking income in annual installment 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. Total benefit of ₹ 1,00,24,540 is calculated by taking the sum of all guaranteed incomes payable over the entire income duration.

^-Average turn-around-time for non-investigated claims from receipt of last requirement

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

^☩☩1 Cr Returns: The total amount is calculated for a 30-year-old healthy male with a premium paying term of 10 years paying premiums of Rs. 38,000 in monthly mode and a policy term of 20 years for Lump Sum plan option. The premium shown is exclusive of taxes and ₹ 1,01,52,150 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.

^OCalculated for a 30-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 of ₹ 1,01,52,150 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 5 years, policy term of 6 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

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

^--The total benefits is for a 30-year-old healthy male with a premium paying term of 7 years, policy term of 8 years and income period of 7 years taking income in monthly 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.

Comp code.(Existing Customer Message) - COMP/DOC/Dec/2020/1412/5002

Comp code.(Corona Protect Rider) - COMP/DOC/Apr/2021/54/5577

Comp code.(How it works, Online Benefit, Tax Saving) - COMP/DOC/Oct/2021/410/6682

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 Guaranteed Income For Tomorrow UIN:105N182V04. Advt. No.: W/II/5043/2021-22.