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.

Pay for Income Period
15 years 20 years 25 years 30 years
7 years `91,505 `76,940 `68,610 `64,111.00
10 years `1,46,299 `1,23,902 `1,12,479 `1,04,157

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. 10 X Annualized Premium
  2. 105% of Total Premiums Paid up to the date of death
  3. Annual Guaranteed Income X Death Benefit factor for Guaranteed Income
  4. Surrender value payable as on date of death

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.

Pay for Income Period Smita will get Maturity Benefit equal to
15 years 20 years 25 years 30 years
7 years `59,337.00 `57,124 `56,082 `55,550 `7,70,000
10 years `1,01,648 `96,538 `93,344 `91,152 `11,00,000

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.

Death Benefit is highest of:

  1. 10 X Annualized Premium
  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
  4. Surrender value payable as on date of death

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:

<
Pay for(Premium Payment Term) Save for
(Policy Term)		 Income Period
15 years 20 years 25 years 30 years
7 years 8 years `88,873 `75,906 `68,313 `64,330
7 years 9 years `93,439 `79,958 `72,061 `68,101
10 years 11 years `1,39,453 `1,17,654 `1,10,333 `1,03,147
10 years 12 years `1,46,735 `1,23,881 `1,16,620 `1,09,200
12 years 13 years `1,78,236 `1,49,647 `1,38,895 `1,28,484
12 years 14 years `1,87,765 `1,57,779 `1,46,186 `1,35,571

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.

Death Benefit is highest of:

  1. 10 X Annualized Premium
  2. 105% of Total Premiums Paid up to the date of death
  3. Annual Guaranteed Income X Death Benefit factor for Guaranteed Income
  4. Surrender value payable as on date of death

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:

Pay for
(Premium Payment Term)		 Save for
(Policy Term)		 Income Period Terminal Benefit (110% ROP)
15 years 20 years 25 years 30 years
7 years 8 years `58,006 `57,860 `57,973 `57,308 `7,70,00
7 years 9 years `63,169 `62,445 `62,387 ` 61,439 `7,70,00
10 years 11 years `94,792 `93,949 `92,420 `91,707 `11,00,000
10 years 12 years `1,02,800 `1,01,168 `1,04,337 `1,04,624 `11,00,000
12 years 13 years `1,23,243 `1,15,071 `1,24,035 `1,22,684 `13,20,000
12 years 14 years `1,33,746 `1,23,799 `1,33,087 `1,31,291 `13,20,000

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.

Death Benefit is highest of:

  1. 10 X Annualized Premium
  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
  4. Surrender value payable as on date of death

Sum Assured on Death is 10 X Annualized Premium

Plan at a Glance

Plan Option Premium Payment Term
(in years)		 Income Period*
(in years)		 Policy Term
(in years)		 Minimum Age at Entry
(in years)		 Maximum Age at Entry
(in years)		 Min/Max Age at Maturity
(in years)
Income 7 15, 20, 25 or 30 23, 28, 33, 38 0 60 23/98
10 26, 31, 36, 41 26/101
Income with 110% ROP# 7 23, 28, 33, 38 23/98
10 26, 31, 36, 41 26/101
Assured Income 7 8 10 18/68
9 9 18/69
10 11 7 18/71
12 6 18/72
12 13 5 18/73
14 4 18/74
Assured Income with 110% ROP# 7 8 10 18/68
9 9 18/69
10 11 7 18/71
12 6 18/72
12 13 5 18/73
14 4 18/74

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

# ROP: Return of premium

W/II/1311/2022-23

FAQs

Guaranteed2 Income Insurance Plan FAQs

1. What is a guaranteed2 income insurance plan?

A guaranteed2 income insurance plan is a type of savings plan that offers you guaranteed2 regular income either during or after policy term. These plans provide you with the dual benefits of life cover1 and low-risk savings. The life cover1 protects your loved ones financially in case of an unfortunate event, while the growth of your money helps you fulfil your financial goals.

2. Is it good to invest in a guaranteed2 income plan?

A guaranteed2 income insurance plan provides you with returns that are fixed at the time of purchase of the plan. These returns are free from market volatility. The guaranteed2 returns from the plan ensure that you are financially prepared to meet your goals. Guaranteed2 income insurance plans also provide you with a life cover that secures your loved ones financially in case of an unfortunate event.

3. Are guaranteed2 income insurance plans tax*-free?

Guaranteed2 income insurance plans provide you with the below tax3 benefits:

Tax benefits under the policy are subject to conditions under Section 123 (read with Schedule XV, Sr. No. 1, 2 & 4), Section 11 (read with Schedule II, Sr. No. 2), Section 202 and other provisions of the Income Tax Act, 2025. Taxes, if any will be charged as per applicable rates. The tax laws are subject to amendments from time to time. Please consult your tax advisor for more details.

4. Who should buy a guaranteed2 income insurance plan?

You may consider buying a guaranteed2 income insurance plan if you are looking to:

Invest in a low-risk plan to meet your financial goals

Protect your loved ones financially in case of an unfortunate event

5. What are the plan options available with Guaranteed Income Insurance Plan (Long-Term)?

The product has 4 plan options:

  • Income – In this plan option the customer receives a guaranteed income that starts after the premium payment term and deferment and is paid till policy maturity.
  • The Income with 110% ROP- In this plan option the customer receives a guaranteed income that starts after the premium payment term and deferment and is paid till policy maturity along with 110% of total premium paid as ROP on maturity.
  • Assured Income- In this plan option, customer gets a life cover throughout the tenure of premium payment term + deferment period and on policy maturity a regular guaranteed income will be paid as per the income term chosen.
  • Assured Income with 110% ROP- In this plan option, customer gets a life cover throughout the tenure of premium payment term + deferment period and on policy maturity a regular guaranteed income will be paid as per the income term chosen An ROP of 110% of total premiums paid will be paid to the customer along with the last guaranteed income.

2T&Cs apply

Annual Premium ₹1L, Premium Payment Term of 10 years, Deferment of 1 year and income term of 30 years
Plan Option Age 30 Age 40 Age 50
Income Income Rs 1,02,840 Rs 1,01,790 Rs 99,722
Assured Income Income Rs 1,01,690 Rs 1,01,310 Rs 99,783
Assured Income with 110% ROP Income Rs 89,976 Rs 89,596 Rs 88,064
Maturity Rs 11,00,000 Rs 11,00,000 Rs 11,00,000
Income with 110% ROP Income Rs 88,941 Rs 90,745 Rs 93,485
Maturity Rs 11,00,000 Rs 11,00,000 Rs 11,00,000

Exclusions

Below is the exclusion under the product:

Suicide: If the Life Assured whether sane or insane, commits suicide within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as applicable, the Claimant shall be entitled to 80% of the total premiums paid till the date of death or the Surrender Value available as on the date of death whichever is higher, provided the policy is in force.

The Policy will terminate on making such a payment and all rights, benefits and interests under the Policy will stand extinguished. For more information, refer to Part F, Clause 11 of policy document.

  • Officially Valid Document (OVD) for identity and address proof
  • Recent Passport-size Photograph
  • Age Proof (if not established through OVD)
  • PAN (or Form 97, wherever applicable)
  • Payout Mandate – Bank account details
  • CDF - Customer declaration
  • Agent confidential report (Based on login source)
  • Passport (Applicable for NRI)
  • FATCA/CRS declaration (where applicable)
  • Any other document, as may be required by the Company on a case to case basis

For processing a death claim under this Policy, We will require the following documents (as may be relevant):

  • Duly filled and signed Claimant Statement Form
  • Copy of Death Certificate of the Life Assured, issued by government authority
  • Claimant address proof
  • Claimant photo identity proof
  • Recent photograph of the claimant
  • Pan card / Form 97 of the claimant
  • Duly filled and signed Payout mandate form with bank account details of the claimant
  • Copy of cancelled cheque / bank statement / bank passbook with printed account number and name of the claimant

A. In case of death due to Unnatural causes such as Accidents (Road / Rail / Air etc), Murder, Suicide, etc.

  • Medico-legal cause of death certificate
  • First Information Report (FIR) from the police authority
  • Inquest/ Panchnama Report
  • Final police investigation report
  • Post Mortem Report (PMR) issued by the hospital
  • Viscera / Chemical examination report
  • Newspaper Cutting, if any
  • Driving License (of the Life Assured driving the vehicle in case of death due to a road accident)
  • Hospitalization / treatment records if any
  • Duly filled in Medical/ Hospital Attendant Certificate
  • Duly filled in Employer Certificate (only if Life Assured was a salaried individual)

B. In Case of death due to Natural or medical causes (death at home, hospital)

  • Medico-legal / Medical cause of death certificate
  • Past medical records and treatment papers
  • All hospitalization records of the Life Assured such as:
    • Admission form
    • Indoor Case Papers (ICPs)
    • Discharge summary
    • Diagnostic test reports such as USG, Pathology / Lab reports etc.,
  • Duly filled in Treating Doctor Certificate
  • Duly filled in Medical/ Hospital Attendant Certificate

For processing a Settlement/maturity claim under this Policy, We will require the following documents from the Claimant:

a) Cancelled Cheque for processing electronic payment

b) KYC of Proposer of the policy

c) Settlement option form, if opted

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1Life insurance cover is the benefit payable on death of the life assured during the policy term

2Guaranteed 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.

3Tax benefits under the policy are subject to conditions under Section 123 (read with Schedule XV, Sr. No. 1, 2 & 4), Section 11 (read with Schedule II, Sr. No. 2), Section 202 and other provisions of the Income Tax Act, 2025. Taxes, if any will be charged as per applicable rates. The tax laws are subject to amendments from time to time. Please consult your tax advisor for more details.

4You can take a policy loan after the policy acquires a surrender value. Loan amount up to 80% of the surrender value can be availed.

5This benefit is available under Income with 110% ROP plan option.

Additional points to note:
• 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 is applicable only for annual mode of income
• Premium, premium payment term and policy term chosen at inception of policy cannot be changed. You have the flexibility to change the frequency of premium payment
• 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%

For further details, please refer to the policy document and the sales brochure.

**Guaranteed Returns or Income as a feature is available with products like

ICICI Pru Guaranteed Income For Tomorrow (Long-term), ICICI Pru Guaranteed Pension Plan and ICICI Pru Guaranteed Pension Plan Flexi.

Guaranteed Returns or Income as a feature is also available in products across the industry and not only with a few selected products of ICICI Prudential Life Insurance.

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

W/II/0834/2026-27

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© ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. Regn. No. 105. CIN: L66010MH2000PLC127837.

Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600. Customer helpline number - (Help us to serve you better by calling us from your registered mobile number). Timings – 10:00 A.M. to 7:00 P.M., Monday to Saturday (except national holidays). Member of the Life Insurance Council. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license.

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