ICICI Pru – Cash Advantage
Non-Linked Life Insurance Plan
A unique savings and protection oriented plan which offers you a guaranteed amount every month for 10 years, a guaranteed lump sum at maturity, along with bonuses and life cover that provides financial security to your family in case of your death.
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Why you need this Plan ?
GET LUMP-SUM TO ACHIEVE YOUR FUTURE GOALS
1
This plan is combination of money back and endowment plan.
2
On purchase of plan, Guaranteed Maturity Benefit (GMB) will be computed based on Age, PPT, policy term and gender. This is generally 65% – 90% of Total Annual Premiums paid.
3
Guaranteed Cash Benefit (GCB) as % of Guaranteed Maturity Benefit (GMB) will be paid either monthly or annually
| Cash Benefit Mode | Guaranteed Cash Benefit |
|---|---|
| Monthly | 1% of GMB |
| Annually | 11.5% of GMB |
4
Plan offers 2 kinds of bonuses as below
- Revisionary bonus: Declared every year, compounded annually and paid at maturity
- Terminal bonus: Declared at the end of policy term and paid at maturity
5
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.
6
Benefit illustrator as below
