Life goals like buying a house, child’s education and a comfortable life after retirement are important goals which need proper financial planning. With a proper plan, you can receive a steady flow of income which will cover your living costs and help you fulfil your life goals. ICICI Pru Guaranteed Income For Tomorrow (GIFT) is one such protection and savings oriented life insurance plan. It provides guaranteed¹ returns based on your financial needs to ensure your financial stability.

Here’s why this plan is an excellent investment tool for every financial need.

Life Cover⁴

Ensuring your loved ones^’ financial well-being against uncertainties is the first step towards a secure financial future. GIFT provides a life cover⁴ so that your loved ones are always financially protected. Additionally, in case of an unfortunate event after the completion of the premium payment period, the regular income is still paid out to your loved ones, ensuring their financial independence. This income can also be converted into a one-time lump sum payout.

Guaranteed¹ Benefits

The plan provides the guarantee¹ of a fixed payout that can help you plan for future expenses. This amount is fixed at the time of purchasing the plan. You can choose to receive a lump sum payout to fund life goals such as buying property or celebrating a milestone in your life. You can also choose a monthly or yearly income option to supplement your regular earnings. Future payouts can be converted into a lump sum amount in case of any contingencies.

This plan also has a “Save the Date³” feature that allows you to choose the date on which you will receive the guaranteed¹ income. This can be on any date after the due date of the first payout. The income earns an interest throughout the period between the payout due date and the date you select. This allows you to plan for a special occasion as well.

Get Returns from 2nd Year Onwards

Under the Early Income Option, you start receiving a guaranteed¹ early income from the 2nd policy year itself^*. This continues till the end of the payment term, after which, you receive a larger amount as guaranteed¹ income. This option helps cover your everyday expenses as well.

Loan Against Policy

Unforeseen expenses can give rise to an urgent need for funds. In such circumstances, instead of digging into your life savings or selling assets, you can take a loan against your GIFT policy^**.

These loans are typically easier to get sanctioned and are processed relatively faster. Often the interest rates for such loans are lower than other forms of credit as well. Thus, with GIFT, you can quickly meet any intermediate needs for funds, such as children’s admission fees or medical expenses.

Tax² Benefits

You can receive tax² benefits on the premiums paid and the payouts received.

Conclusion

It becomes easier to plan for your goals when you have the assurance of receiving a guaranteed¹ income. ICICI Pru Guaranteed Income For Tomorrow is one such plan that helps fulfil your goals and create a better tomorrow. Also, the life cover⁴ ensures that your loved ones are secured in case of an unfortunate event. Invest today and give yourself and your family the GIFT of guarantee¹.

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