Pays premium of
₹1,07,095 p.a. for 12 years
Total₹15.88 Lakh
Tax saving
On premium paid Praneet can claim tax benefits of ₹4.0 Lakh under section 80C in 12 years
Claims Corner
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IN ULIPS, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE
POLICYHOLDERU.
The Linked Insurance Products do not offer any liquidity during the first five years
of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Linked
Insurance Products completely or partially till the end of the fifth year
Unit Linked Insurance Plan
Superior Protection +
Maximize Wealth Creation
Large Life Cover1L + Accidental Death &
Disability Cover7
Market-linked returns~ with tax* benefits
Get Maturity Booster5 @ 20% added to your fund
Enhanced life cover1
Additional protection with riders7
Earn market-linked returns
Tax benefits*
+4 more benefits
ICICI Pru Protect n Gain Life Calculator
Recommended For
Term Plan Seekers
People in the market who are looking for a financial instrument that protects
their loved ones in their absence and has the potential to return~ more than their
premium amount paid on maturity
Comprehensive Protection Seekers
People in the market who want to ensure complete financial protection for
their family with large life cover1L, while also seeking additional protection
against accidental death and disability.
Tax Savers
Those who want to enjoy tax* benefits on premiums paid with
savings up to ₹46 800/year subject to conditions u/s 80C and on market linked
returns~ received u/s 10(10D). The death benefit received by the nominee on demise of
the insured person is exempt from tax under Section 10(10D)
Balanced Investor
Investors who would like to diversify their portfolio can choose from
multiple equity, balanced and debt fund options with unlimited free switches6, and
potential to gain market-linked returns~ at a relatively low risk.
Retirement Planners
Salaried individuals looking for a long-term investment to build a corpus for
their retirement can get tax*-benefits on market-linked returns~
Young Parents
Young, salaried parents who are looking for adequate coverage and financial
security for their child can get life cover1 up to ₹ 40 crore (depending on financial
eligibility). They can also earn regular income through the Systematic Withdrawals3
feature and secure their child’s future with a lump sum market-linked return~
receivable on maturity.
What is ICICI Pru Protect N Gain For Life?
"ICICI Pru Protect N Gain " is a protection-oriented, unit-linked savings
life insurance plan, designed to fulfil your long-term goals. This plan is a one-stop solution for your
Insurance and Investment needs, which can help you live stress-free and protect your family’s life goals, no
matter what.
How does the plan work?
Explore ICICI Pru Protect N Gain Life
Plan Snapshot
Charges
Return of charges4 from 11th year onwards.
Comprehensive protection
Life cover1 , Accidental Death & Disability Cover
Fund Options
23 funds across all fund classes
Min. Investment
₹52,113 p.a
Maturity Booster5
20% additional units to boost your fund value at maturity
Premium Payment Term Options
Limited Pay
Tax Savings
Tax benefit* on premiums paid and tax-free* claims payout
and returns.
Fund Switches
Unlimited free fund switches6
Wealth Creation Story
Meet Praneet
He is a 35-year oldMarketing Professional
He invests in
Savings plan with market-linked returns to help him build wealth
Values are inclusive of taxes.
Policy Term - 40 years
Life Cover - ₹1 Crore
Accidental Death Cover - ₹1 Crore
Disability Cover - ₹1 Crore
Maturity Booster5
ICICI Prudential Life adds 20% extra at the end of the policy maturity to boost your fund value
₹1.03 Crore
Total maturity amount
₹28 Lakh
Tax Savings On maturity
₹55.58 Lakh
Return of charges
ARR (Assumed Rate of Return) refers to the standard assumption for the rate of
return of 8% and 4%, as specified by IRDAI. This is just an illustration and not indicative of the
actual returns you may get. Please look at our fund performance below to track the actual returns.
Loading Fund Performance...
The above mentioned benchmark is the benchmark used by the company to track the
performance of the funds.
How to maximize your returns?
Start Investing Early
Pay premiums regularly
Right Asset Allocation
Make fund switches to safeguard your gains
Buy Online in 3 simple steps
Choose premium amount
Select your choice of funds
Fill Application form & Make Payment
Policy Issued
Need Help? Call us Today
1800-209-9777
Why choose ICICI Prudential Life?
9.69 Crore
Lives covered as on
March 31, 2024T
March 31, 2024T
₹2.77 Lakh Crore
Benefits paid till
March 31, 2024`!
March 31, 2024`!
₹2.94 Lakh Crore
Assets under
management as on
March 31, 2024^^
management as on
March 31, 2024^^
1 Day<
Claim Settlement
Frequently Asked Questions
How is this plan different from traditional ULIP plan?
A ULIP plan offers protection upto 10 times of the annualized premium. ICICI
Pru Protect N Gain provides the opportunity to offer protection of upto 125 times of the
annualized premium along with the wealth creation through market linked returns.
Can riders be opted along with this plan?
How is my premium going to get split?
When will I get the refund of deducted charges?
Why should I buy Protect N Gain from online?
What are the tax benefits under this policy?
Key Terminology
Sum Assured
The nominee of the policy is liable to receive a fixed amount in case of the
demise of the policy holder during the policy term. This amount is called the Sum Assured. When
purchasing a ULIP, you must ensure that the Sum Assured you opt for is sufficient for your
dependents to continue with their lives in case something happens to you.
Fund value
The premiums you pay in a ULIP are invested in funds, which grow over time.
The fund value indicates the total value of your fund on the current date. This is calculated by
multiplying the number of units you own by the Net Asset Value (NAV) or the monetary value of
each unit.
Net Asset Value (NAV)
In a ULIP, Net Asset Value (NAV) means the value of a single unit of your
investment. An investment fund, which is a pool of investments from multiple investors (minus
any liabilities), is divided by the number of outstanding units. The NAV of a fund is therefore
the price of a single unit.
Premium
Premiums are the payments you make towards your plan. As an investor, you can
pay premiums monthly, quarterly, half-yearly, or annually as per the mode selected by you while
investing. Failure to pay the premiums on time may lead to the lapse of the ULIP Policy.
Death benefit
The death benefit is the total amount payable to the nominee by the insurance
company on the policyholder’s unfortunate demise. It can either be the sum assured or the fund
value, whichever is higher. What your beneficiary gets would depend on the plan you opt for. The
nominees can obtain the death benefit either as a lump-sum or in monthly instalments.
Maturity benefit
Maturity benefit is offered to the policyholder when the policy tenure gets
over. You can avail tax-free* maturity amount as per Section 10 (10D) of the Income
Tax Act 1961, subject to the provisions stated therein.
Riders
Riders or add-ons are the additional benefits provided by insurance
companies, which enhance the value of the coverage. Typically, the most common riders offered
are critical illness rider, waiver of premium rider, accidental cover, and so forth. However,
these riders vary depending upon the company.
Lock-in period
Lock-in period is a stipulated time till which you cannot withdraw your
investments. In case of ULIP, if a policyholder surrenders the policy before the completion of
the lock-in period, the fund value is shifted to a discontinuation fund. The policyholder can
withdraw the amount once the lock-in period is over. A ULIP has a lock-in period of 5 years.
Switching option
A ULIP plan allows an individual to invest in multiple fund options at the
same time. However, the policyholders also have the freedom to switch between these ULIP funds.
The number of switches allowed depends on the company’s policies. ICICI Pru’s Protect-N-Gain
plan allows unlimited free switches7 between funds.
ULIP returns
The returns of a ULIP policy depend upon the performance of the market as
well as your fund selection. One needs to stay invested for long term to be able to maximise
their returns.
Top-ups
As the name suggests, the top-up premium is an additional amount paid over
base premium. If a ULIP policyholder wants to increase the amount of his/her investment in
funds, he/she can do so through top-ups.
ULIP charges
Insurance companies levy certain charges on a ULIP. Under a ULIP, a few of
the levied charges are as follows:
- Policy administration charge
- Fund management charge
- Mortality charge
- Premium allocation charge
Disclaimer
