ICICI Pru
Guaranteed Income For Tomorrow (Long-term)
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 | `92,191 | `77,517 | `69,125 | `64,529 |
| 10 years | `1,47,396 | `1,24,831 | `1,13,322 | `1,04,938 |
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:
- 10 X Annualized Premium
- 105% of Total Premiums Paid up to the date of death
- Annual Guaranteed Income X Death Benefit factor for Guaranteed Income
- 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 | `59,782 | `57,552 | `56,503 | `55,966 | `7,70,000 |
| 10 years | `1,02,410 | `97,262 | `94,044 | `91,835 | `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:
- 10 X Annualized Premium
- 105% of Total Premiums Paid up to the date of death
- Annual Guaranteed Income X Death Benefit factor for Guaranteed Income + Terminal Benefit X Death Benefit factor for Terminal Benefit
- 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 | `89,539 | `76,476 | `68,825 | `64,813 |
| 7 years | 9 years | `94,140 | `80,558 | `72,602 | `68,612 |
| 10 years | 11 years | `1,40,499 | `1,18,537 | `1,11,161 | `1,03,920 |
| 10 years | 12 years | `1,47,837 | `1,24,810 | `1,17,495 | `1,10,019 |
| 12 years | 13 years | `1,79,572 | `1,50,769 | `1,39,937 | `1,29,448 |
| 12 years | 14 years | `1,89,174 | `1,58,963 | `1,47,282 | `1,36,588 |
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:
- 10 X Annualized Premium
- 105% of Total Premiums Paid up to the date of death
- Annual Guaranteed Income X Death Benefit factor for Guaranteed Income
- 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 | `58,441 | `58,294 | `58,408 | `57,738 | `7,70,00 |
| 7 years | 9 years | `63,643 | `62,913 | `62,855 | `61,900 | `7,70,00 |
| 10 years | 11 years | `95,503 | `94,653 | `93,113 | `1,05,409 | `11,00,000 |
| 10 years | 12 years | `1,03,571 | `1,01,927 | `1,05,120 | `92,394 | `11,00,000 |
| 12 years | 13 years | `1,24,167 | `1,15,934 | `1,24,965 | `1,23,604 | `13,20,000 |
| 12 years | 14 years | `1,34,749 | `1,24,727 | `1,34,085 | `1,32,276 | `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:
- 10 X Annualized Premium
- 105% of Total Premiums Paid up to the date of death
- Annual Guaranteed Income X Death Benefit factor for Guaranteed Income + Terminal Benefit X Death Benefit factor for Terminal Benefit
- 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
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