Life is all about enjoying and creating moments of joy with your loved ones. To live these moments to the fullest 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. These are sacrosanct goals, for which you would need a financial plan that gives you the reassurance of a guarantee.

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

² Conditions apply

• Guaranteed Benefits¹ in the form of a lump sum or regular income to match your needs
• Option to receive guaranteed income² from 2nd year onwards
• Higher Benefits for women³
• Life Insurance Cover⁴ for financial security of your family
• Get Guaranteed Income when you want it with Save the Date⁵ feature
• Tax benefits⁶ may be applicable on premiums paid and benefits received as per the prevailing tax laws
• Option of taking Loan against policy to help you in case of financial emergencies

Under this plan option, you can choose to pay premiums for 6, 7, 8, 10 or 12 years (PPT) and you will receive regular income from the 2^nd year onwards.

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

The income that you receive from 2^nd year onwards till the end of the policy term is known as Guaranteed Early Income. The income that you receive after the policy term is known as Guaranteed Income.

Saurav is a 35-year-old male, paying an annual premium of `1 lakh in ICICI Pru Guaranteed Income For Tomorrow. He wants to create an alternate source of income for himself so that he can plan to retire early. Moreover, he wants some income to start off from the very next year to take care of his son’s school fees.

The table below shows the regular income that Saurav will receive, for different combinations of premium payment term and policy term.

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 Early Income plan option,
4. Surrender value payable as on date of death

Sum Assured on Death is 10 X Annualised Premium
In case of death of the Life Assured during the Income Period, the Claimant will continue to receive the income. The Claimant shall have an option to receive the future income as a lump sum.

Under this plan option, you can choose to pay premiums for 7, 8, 10 or 12 years (PPT) and also choose to receive Guaranteed Income for 5, 7 or 10 years. Your policy term is PPT+1 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. She wants to create an alternate source of income for herself so that she can plan to retire early.

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

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 Income plan option, where,
4. Surrender value payable as on the date of death

Sum Assured on Death is 10 X Annualised Premium
In case of death of the Life Assured during the Income Period, the Claimant will continue to receive the income. The Claimant shall have an option to receive the future income as a lump sum.

Under this plan option, you have to pay premiums for a certain period of time and at the end of the policy term, you will receive a guaranteed lump sum.

You can choose the premium payment term i.e. the number of years for which you have to pay premiums and the policy term i.e. the number of years after which you want to receive the guaranteed lump sum.

Details of the premium payment term and the policy term are shown in the table below:

Illustration:
Anmol is a 35-year-old male, paying an annual premium of ` 1 lakh in ICICI Pru Guaranteed Income For Tomorrow. He wants to create a corpus to fund the higher education of his son.

The table below shows the guaranteed lump sum that Anmol will receive, for different combinations of premium payment term and policy term.

Do note that the above table shows only some of the combinations of premium payment term and policy term that you can choose from. The complete set of combinations available under this option is given in “Table 1” above.

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.

For other than Single Pay

Life Insurance Benefit is highest of:

1. Sum Assured on Death
2. 105% of Total Premiums Paid up to the date of death
3. Sum Assured on Maturity X Death Benefit factor for Lump sum plan
4. Surrender value payable as on date of death

Sum Assured on Death is 10 X Annualised Premium

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