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About ICICI Pru Guaranteed Income For Tomorrow (GIFT)

A savings plan that gives you guaranteed1 benefits in the form of a lump sum or regular income8 depending on the plan option chosen. It also provides you a Life cover3 for the entire policy term so that your family is financially secured even in your absence

  • 100% guaranteed1 and tax-free4 income for a secured future
  • 3.5% additional maturity benefit7 on online purchase
  • Option to receive guaranteed early income2 from 2nd year onwards
  • Life cover3 for the financial security of your loved ones in your absence
  • Tax4 benefits upto ₹54,600 on premiums paid
  • Get Guaranteed1 Income when you want it with Save the Date5 feature
  • Option to avail loan6 against the policy

1 Conditions Apply

Illustration

Nidhi is a 35 year old Marketing professional. She wants to create an alternate source of income for herself so that she can plan to retire early. She decides to invest in ICICI Pru Guaranteed Income For Tomorrow - Income Plan option8

income-illustration

She also gets tax benefits4 on both premiums paid and benefits received

Nidhi can also get Guaranteed Income" when she wants with Save the Date5 feature

Configure my plan

A little bit About

icici-prudential-logo
  • 20+

    year Legacy

  • 5.68Cr0

    Lives covered as on March 31, 2021

  • ₹1.73 Lakh Cr!

    Benefits paid up to March 31, 2021

  • Claims & Customer service excellence award@

    in life category, by FICCI Insurance Industry 2021

  • Innovation During Covid 19 award&

    in life category, by FICCI Insurance Industry 2021

FAQs and Disclaimers

When is the right time to buy a Savings Insurance Plan?

Although a savings plan is suitable for all ages, the right time to buy it is as soon as possible. If you have a family to look after and want to secure their future in your absence, a savings plan can help you. The returns from such plans increase with time and can cover expenses like children’s education, loans repayments, etc.

What is the policy term of a Savings Insurance Plan?

The tenure of the policy can be between 5 and 20 years basis plan selected. The minimum age at the time of policy maturity should be 18 years, and the maximum age at the time of policy maturity should be 65 years or less.

Is there any additional benefits for buying this plan online?

Yes, one will get additional maturity benefits for buying this plan online as mention below

Plan options Plan options
Income 2.5% of Guaranteed Income
Early Income 3.5% of Guaranteed Income
Lump Sum(Limited Pay) 2.5% of Sum Assured on Maturity
Lump Sum(Single Pay) 1.0% of Sum Assured on Maturity

Under this plan, what are the premium paying modes available?

Premium paying modes available under this plan are Single Pay, Monthly, Half-Yearly and Yearly.

What documents are required to buy a Savings Insurance Plan?

  • Basic documents: Age Proof, ID Proof, Address Proof, PAN card, KYP- Live Photo.
  • Onboarding document: Customer declaration form/OTP.
  • Underwriting relate document case to case basis: Income proof, Medicals etc.

What happens if you discontinue your Savings Insurance Plan Premiums?

If you have reached the bar for surrender value, you will be given the surrender value if you discontinue the plan. You will receive the guaranteed surrender value and the cash value of the vested bonuses. However, if your policy has not reached the surrender value, you will not receive any benefits.

How to download premium payment certificate for life insurance?

To view or download your premium paid certificate, click here and enter your policy number and date of birth.
(https://www.iciciprulife.com/services/download-premium-paid-certificate.html)

How to update details of life insurance policy?

To update life insurance policy related details, click here.

What is the process of claim settlement for ICICI Pru Guaranteed Income For Tomorrow (GIFT) savings plan?

Step 1 : Claim Reporting

The first step involves reporting your claims. You can report your claims online, at our branches, at our central office, on our central ClaimCare helpline, through SMS or e-mail~

Step 2 : Claim Processing

Our special ClaimCare team will assess your claim, and inform you in case any further documents need to be submitted.

Step 3: Claim Settlement

Once your claim is intimated, and we receive all the relevant documents, decision will be made on your claim.


~Claim will be formally registered after we receive a written request of your claim at our branch or Claims Cell office. Physical documents will be required to start the process.

How can your nominee file for a claim?

Your nominee can report a claim in various ways:

  • Online through the website www.iciciprulife.com
  • Send an SMS ICLAIM Policy number to 56767
  • Send an email to claimsupport@iciciprulife.com
  • Helpline number 18602667766
  • At any of our branch
  • At given address (Personal visit/Post/Courier): ICICI Prudential Life Insurance Company Limited, Unit no. 1A & 2A, Raheja Tipco Plaza, Rani Sati Marg, Malad East, Mumbai-400097

To get a list of the documents* required while reporting a Death Claim, Please click here .

*Recent passport size photograph and Pan Card copy/Form 16 is mandatory of claimant.

1 Guaranteed benefits in the form of lump sum will be payable under Lump Sum Plan option. Guaranteed benefits in the form of regular income will be payable under Income Plan option and Early Income Plan option. Guaranteed benefits are payable subject to all due premiums being paid.

2 Guaranteed Early Income is the income that you receive from 2nd year during your policy term. The frequency of Guaranteed Early Income is same as that of your premium payment. Benefits from 2nd year onwards is available under the Early Income plan option

3 Life insurance cover is the benefit payable on death of the life assured during the policy term.

4 Tax benefits of ₹ 54,600(₹ 46,800 u/s 80C & ₹ 7,800 u/s 80D) is calculated at highest tax slab rate of 31.20%(including cess excluding surcharge) on life insurance premium u/s 80C of ₹ 1,50,000 and health premium u/s 80D of ₹ 25,000. Tax benefits under the policy are subject to conditions under Section 80C, 80D,10(10D), 115BAC and other provisions of the Income Tax Act,1961. Good 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 details, before acting on above.

5 Save the Date: You can choose to receive income on any one date succeeding the due date of first income to coincide with any special date.

6 Loan amount up to 80% of the surrender value can be availed

7 Additional Maturity Benefit is offered for online sales: For Lump Sum Plan option, 2.5% of Sum Assured on Maturity is applicable for Limited pay. In case of Single Pay in Lump Sum Plan option, 1% of Sum Assured on Maturity is applicable. For Income Plan option, 2.5% of Guaranteed Income is applicable. For Early Income Plan option, 3.5% of Guaranteed Income is applicable. For Single Pay Income Plan option, 1% of Guaranteed Early Income is applicable.

"Guaranteed Income is the income that you receive during the Income Period under Income and Early Income plan options.

8 ICICI Pru Guaranteed Income For Tomorrow offers four plan options namely 'Lump sum', 'Income', 'Early Income' and 'Single Pay Income'. The customer can choose any plan option from the four available options. Please refer to the product brochure for more details.

9 The total income is calculated for a 35-year-old healthy female with a premium paying term of 10 years, policy term of 11 years and income period of 10 years taking income in annual instalment under Income plan option in online mode. The premium shown is exclusive of taxes and the mentioned annual income of Rs. 197884 is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.

*The total income is calculated for a 30-year-old healthy male paying premium in monthly mode for 10 years, policy term of 11 years and income period of 10 years taking income in annual instalment under Income plan option of ICICI Pru Guaranteed Income for Tomorrow policy purchased in online mode. The premium shown is exclusive of taxes and the mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted

**Calculated for a 30-year-old healthy male paying premium in monthly mode for 7 years and a policy term of 15 years for Lump Sum plan option of ICICI Pru Guaranteed Income for Tomorrow policy purchased in online mode. The premium shown is exclusive of taxes and the mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted

^Calculated for a 25 year old healthy male paying premium in monthly mode for 7 years, policy term of 15 years for a lumpsum plan option of ICICI Pru Guaranteed Income for Tomorrow in online mode. The premium shown is exclusive of taxes and the mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.

0 - Data regarding lives covered is as per Annual report 2020 – 2021. Please refer the same for further details

! - As per financial statement ( Schedule 4- benefits paid (Gross) of the company, benefits paid since inception up to march 31, 2021

@ - ICICI Prudential Life Insurance adjudged winner in the Life Insurance category for "Excellence in Claims and Customer Experience" by FICCI Insurance Industry Awards, September 2021 (Validity of the award is 1 year)

& - ICICI Prudential Life Insurance adjudged winner in the Life Insurance category for "Innovation During COVID 19" by FICCI Insurance Industry Awards 2021, September 2021 (Validity of the award is 1 year

(c) ICICI Prudential Life Insurance Company Limited. IRDAI Regn. No. 105. CIN: L66010MH2000PLC127837. ICICI Prudential Life Insurance Company Limited. Registered Address: ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. Call us on 1-860-266-7766 (10am-7pm, Monday to Saturday, except national holidays and valid only for calls made from India). ICICI Pru Guaranteed Income for Tomorrow. UIN: 105N182V03. Advt. No.: W/II/4339/2021-22.

The above listed insurance products are available online with ICICI Securities Ltd. For details on the complete list of all insurance products please get in touch with your Relationship Manager.

ICICI Securities Ltd. ( I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 2288 2460, 022 - 2288 2470. I-Sec acts as a Composite Corporate agent having registration number –CA0113. Please note, Insurance related services are not Exchange traded products and I-Sec is acting as a corporate agent to solicit these products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Investments in securities market are subject to market risks, read all the related documents carefully before investing. Insurance is the subject matter of solicitation. ICICI Securities Ltd. does not underwrite the risk or act as an insurer. The advertisement contains only an indication of the cover offered. For more details on risk factors, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale.

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