ICICI Pru – Future Perfect
Non-Linked Insurance Plan
An ideal savings and protection oriented plan, ICICI Pru Future Perfect to help you fulfill these goals
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Why you need this Plan ?
A SAFE JOURNEY TO A RISING FUTURE
1
This is traditional plan.
2
Limited premium paying term of 5, 7, 10, 15 or 20 years
3
On purchase of plan, Guaranteed Maturity Benefit will be declared immediately based on Age, PPT, policy term and gender. This is generally 65% – 90% of Total Annual Premiums paid during PPT
| Cash Benefit Mode | Guaranteed Cash Benefit |
|---|---|
| Monthly | 1% of GMB |
| Annually | 11.5% of GMB |
4
Guaranteed Additions as % of Annual premium gets added as shown below
| Policy Year / PPT | 5 or 7 years | 10, 15 or 20 years |
|---|---|---|
| 1 – 5 years | 8% | 10% |
| 6 – 10 years | 10% | 12% |
| 11 – 15 years | 12% | 15% |
| 16 years onwards | 15% | 18% |
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5.Revisionary bonus gets added at Compounded Interest rate every year which is declared as % of Guaranteed Maturity Benefit (GMB)
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Terminal Bonus will also be added at Maturity which will be % of GMB. One can expect it to be 70% – 85% of GMB
7
Premium paid get tax exempted under sec. 80 C. Maturity benefit & Death benefit gets exempted under Sec 10 (10 D)* for S.A. selected as 10 X of Annual premium.
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In case of death, total benefit will be summation of S.A. + G.A. added for completed years in policy + Revisionary Bonus for completed policy years.