You always want to ensure the well-being of your loved ones. At the same time, you also want to enjoy life to the fullest and ensure that all non-negotiable goals are taken care of. For this, you need to have assurance of a life cover to protect your loved ones in case of any uncertainties and also plan for various life goals like marriage, parenthood, children’s education or a peaceful retirement.

Keeping this in mind, we present ICICI Pru Guaranteed Income For Tomorrow (Long-term). A protection and savings oriented life insurance plan with guaranteed² benefits to help you achieve your life goals.

²Conditions apply

What makes ICICI Pru Guaranteed Income For Tomorrow (Long-term) suitable for you?

• Life Insurance Cover¹ for financial security of your family
• Guaranteed² income to help you save for your goals
• Tax³ benefits may be applicable on premiums paid and benefits received as per the prevailing tax laws
• Option of taking loan⁴ against policy to help you in case of financial emergencies

What is Income plan option?

Under this plan option, you can choose to pay premiums for 7 or 10 years (PPT) and choose to receive Guaranteed2 Income for 15, 20, 25 or 30 years.

Your policy term is PPT+1+Income Period and the life cover is available for the entire policy term.

Smita is a 35-year-old female, paying an annual premium of `1 lakh in ICICI Pru Guaranteed Income For Tomorrow (Long-term). She wants to create an alternate source of income for herself so that she can plan to retire early.

The table below shows the Guaranteed2 Income that Smita will receive, for different combinations of premium payment term and Income Period.

Smita also has the flexibility to receive the Guaranteed2 Income either every year or every month during the Income Period.

Guaranteed² Income on an annual basis for a premium payment term of 10 years and income period of 30 years is `1,02,424.

If she chooses to receive this income every month, the amount will be ` 1,00,376 for the whole year i.e. she will receive ` 1,00,376/12 = ` 8,365 every month for 30 years.

Life Insurance Benefit (Death Benefit):

If the person whose life is covered by this policy (known as the Life Assured) passes away, during the term of the policy, the insurance cover amount will be paid out as a lump sum to the person specified (known as the Claimant) in the policy

Life Insurance Benefit is highest of:

1. Sum Assured on Death
2. 105% of Total Premiums Paid up to the date of death
3. Annual Guaranteed Income X Death Benefit factor for Guaranteed Income, where,

Sum Assured on Death is 10 X Annualized Premium

What is Income with 110% ROP plan option?

Under this plan option, you can choose to pay premiums for 7 or 10 years (PPT) and also choose to receive Guaranteed² Income for 15, 20, 25 or 30 years. Additionally, you will get 110% of Total Premiums paid by you (Maturity Benefit) at the end of the policy term along with the last income instalment. Your policy term is PPT+1+Income Period and the life cover is available for the entire policy term.

Smita is a 35 year old female, paying an annual premium of ₹1 lakh in ICICI Pru Guaranteed Income For Tomorrow (Long-term). She wants to create an alternate source of income for herself so that she manage regular expenses and also use the lump sum at the end for her son’s wedding.

The table below shows the Guaranteed² Income that Smita will receive, for different combinations of premium payment term, policy term and Income Period.

Smita also has the flexibility to receive the Guaranteed2 Income either every year or every month during the Income Period.

Guaranteed² Income on an annual basis for a premium payment term of 10 years and income period of 30 years is `89,305.

If she chooses to receive this income every month, the amount will be `87,519 for the whole year i.e. she will receive `87,519/12 = `7,293 every month for 30 years.

Life Insurance Benefit (Death Benefit):

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

Life Insurance Benefit is highest of:

1. Sum Assured on Death
2. 105% of Total Premiums Paid up to the date of death
3. Annual Guaranteed Income X Death Benefit factor for Guaranteed Income + Maturity benefit X Death Benefit factor for Maturity benefit, where,

Sum Assured on Death is 10 X Annualized Premium

What is Assured Income plan option?

Under this plan option, you can choose to pay premiums for 7, 10 or 12 (PPT) and also choose to receive Guaranteed2 Income for 15, 20, 25 or 30 years.

Life cover is available for the entire policy term. The policy term for this option can either be PPT+1 or PPT+2 years

Smita is a 35-year-old female, paying an annual premium of ₹ 1 lakh in ICICI Pru Guaranteed Income For Tomorrow (Long-term). She wants to create an alternate source of income for herself so that she can plan to retire early.

The table below shows the Guaranteed² Income and the Maturity Benefit benefit that Smita will receive, for different combinations of premium payment term, policy term and Income Period:

Smita also has the flexibility to receive the Guaranteed² Income either every year or every month during the Income Period.

Guaranteed² Income on an annual basis for a premium payment term of 10 years and income period of 30 years is ` 1,01,301.

If she chooses to receive this income every month, the amount will be 99,275 for the whole year i.e. she will receive ` 99,275/12= ` 8,273 every month for 30 years.

Life Insurance Benefit (Death Benefit):

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

Life Insurance Benefit is highest of:

1. Sum Assured on Death
2. 105% of Total Premiums Paid up to the date of death
3. Annual Guaranteed Income X Death Benefit factor for Guaranteed Income, where,

Sum Assured on Death is 10 X Annualized Premium

What is Assured Income with 110% ROP plan option?

Under this plan option, you can choose to pay premiums for 7, 10 or 12 years (PPT) and also choose to receive Guaranteed2 Income for 15, 20, 25 or 30 years. Additionally, you will get 110% of Total Premiums paid by you (Terminal Benefit) at the end of the policy term along with the last income instalment.

Life cover is available for the entire policy term. The policy term for this option can either be PPT+1 or PPT+2 years

Smita is a 35 year old female, paying an annual premium of ₹1 lakh in ICICI Pru Guaranteed Income For Tomorrow (Long-term). She wants to create an alternate source of income for herself so that she manage regular expenses and also use the lump sum at the end for her son’s wedding.

The table below shows the Guaranteed² Income and the Maturity Benefit benefit that Smita will receive, for different combinations of premium payment term, policy term and Income Period:

Smita also has the flexibility to receive the Guaranteed²Income either every year or every month during the Income Period.

Guaranteed² Income on an annual basis for a premium payment term of 10 years, policy term of 11 years and income period of 30 years is `89,556.

If she chooses to receive this income every month, the amount will be 1,00,032 for the whole year i.e. she will receive `1,00,032/12= `8,336 every month for 30 years..

Life Insurance Benefit (Death Benefit):

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

Life Insurance Benefit is highest of:

1. Sum Assured on Death
2. 105% of Total Premiums Paid up to the date of death
3. Annual Guaranteed Income X Death Benefit factor for Guaranteed Income + Terminal Benefit X Death Benefit factor for Terminal Benefit, where,

Sum Assured on Death is 10 X Annualized Premium

Plan at a Glance

^* Income Period starts one year after the completion of premium payment term

^# ROP: Return of premium