You want to ensure the financial well-being of your loved ones always. For this, you want to stay financially prepared for all their needs, as well as ensure that they are financially secured in case of an unfortunate event.
ICICI Pru Protect N Gain offers the benefit of a term insurance plan as well as a Unit Linked Insurance Plan (ULIP). This new-age plan ensures financial security as well as growth of money. The plan offers a large life cover for the financial security of your loved ones in case of an unfortunate event. At the same time, it also provides you with market-linked returns for the financial goals of yourself and your loved ones.
ICICI Pru Protect N Gain: Combined Benefits of Term Insurance plan and ULIP
Below are some key benefits of ICICI Pru Protect N Gain:
- Life Insurance Cover^
The plan offers a large life cover that secures your family financially throughout the policy term.
- Flexibility to Choose Your Fund` Option
ICICI Pru Protect N Gain offers you equity, debt and balanced funds to choose from as per your risk appetite. You may choose to invest in high-performing equity funds that carry high risks, low-risk debt funds with stable returns or a mix of both.
- Flexibility to switch between funds`
Depending on the market conditions, you may want to switch between funds to secure your earnings or get higher returns. ICICI Pru Protect N Gain offers you an unlimited fund switching option without any extra cost.
- Portfolio Strategies
The plan offers multiple portfolio strategies to choose from:
1. Target Asset Allocation Strategy
This strategy allows you to choose an asset allocation that is best suited to your risk appetite and maintains it throughout the policy term. You can allocate your premiums between any two funds available with this policy, in the proportion of your choice. Your portfolio will be rebalanced every quarter to ensure that this asset allocation is maintained.
2. Trigger Portfolio Strategy 2
In this strategy, your investments will initially be distributed between two funds; Multi Cap Growth Fund, an equity-oriented fund, and Income Fund, a debt-oriented fund in a 75:25 percent proportion. If the fund allocation subsequently gets altered due to market movements, the funds will be re-balanced in the portfolio based on a pre-defined trigger event.
The trigger event is defined as a 10% upward or downward movement in NAV of Multi Cap Growth Fund since the previous rebalancing. Trigger Portfolio Strategy 2 enables you to take advantage of substantial equity market swings and invest on the principle of “buy low, sell high”.
3. Fixed Portfolio Strategy
With this strategy, you can choose to invest in different fund options in proportions of your choice. You can switch between the funds using the switch option. Fixed Portfolio Strategy enables you to manage your investments actively.
4. Lifecycle-based Portfolio Strategy 2
Under this strategy, your money will automatically be split between equity and debt funds~ based on your age. As you move closer to your retirement age, your money gets systematically invested in debt funds to protect your investment from short-term market fluctuations.
- Maturity Benefit#
At the time of policy maturity, you will receive a lump sum payout basis the returns from the plan. This amount can help you meet your long-term goals.
- Accidental Death and Disability Rider~
ICICI Pru Protect N Gain offers the ICICI Pru Linked Accidental Death and Disability Rider that enhances the coverage from the plan. An additional amount is paid in case of an unfortunate event or permanent disability due to an accident.
- Partial Withdrawals
The plan offers flexibility to make partial withdrawals after the initial five policy years. This keeps you financially prepared in case of any emergency.
- Tax* Benefits
Premiums paid under the policy are allowed as a deduction subject to conditions under Section 80C of The Income Tax Act, 1961 . The payouts received under the policy are tax-free subject to conditions prescribed under Section 10(10D) of the Income Tax Act, 1961.
How to Buy ICICI Pru Protect N Gain Online
Below is a step-by-step guide to purchasing ICICI Pru Protect N Gain:
1. Choose the sum assured
2. Choose the premium payment term and policy term as per your requirements
3. Select funds`/strategy basis your risk appetite and goals
4. Submit the required details and documents$
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*Tax benefits under the policy are subject to conditions under Sections 80C, 10(10D),115BAC and other provisions of the Income Tax Act, 1961. Goods and Service Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for more details.
#At policy maturity, an addition, known as Maturity Booster in the form of extra units (Units mean a specific portion or part of the Unit Linked Fund(s) in which you have saved your money) will be made to boost your Fund Value. This Maturity Booster will be equal to 20% percentage of the average of the Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters.
~Available through additional rider "ICICI Pru Linked Accidental Death and Disability Rider". Please refer to the rider brochure for more details
`Past performance is not indicative of future performance
$This is basis the current underwriting guidelines and are subject to change
ICICI Pru Protect N Gain UIN: 105L191V01