The program gives assured rewards in the type of a lump sum or standard earnings to match the demands.
ICICI Prudential Life Insurance has launched a new purpose-based savings item – ‘ICICI Pru Guaranteed Income for Tomorrow’ (Present), which supplies a assured earnings to policyholders to aid them realize their extended-term monetary targets. This non-participating savings item can allow one to remove the uncertainty of future earnings streams to a massive extent. The life cover supplies monetary safety to the loved ones, which is important for a robust monetary program. Present is a protection and savings oriented life insurance coverage program with assured rewards to aid one realize their life targets.
The 3 variants of this purpose-based savings item are:
Income: The policyholder can opt to acquire the maturity advantage in the type of Guaranteed Income for a period of 5, 7 or 10 years. For instance, this choice can be excellent for buyers organizing their child’s education exactly where the versatile premium payment and earnings period selections aid to align the earnings with educational targets.
Under this program choice, you can opt for to spend premiums for 5, 7 or 10 years (PPT) and also opt for to acquire Guaranteed Income for 5, 7 or 10 years. Your policy term is PPT+1 and the life cover is readily available for the complete policy term.
Early earnings: This variant gives a special function, which enables buyers to get started getting earnings from the second year of the policy, identified as Guaranteed Early Income. The Guaranteed Early Income choice eliminates the have to have for buyers to wait till the maturity of the policy to acquire standard earnings. This choice enables buyers to acquire rewards although their savings continue to develop.
Under this program choice, you can opt for to spend premiums for 7 or 10 years (PPT) and you will acquire standard earnings from 2nd year onwards. Your policy term is PPT+1 and the life cover is readily available for the complete policy term. The earnings that you acquire from 2nd year onwards till the finish of the policy term is identified as Guaranteed Early Income. The earnings that you acquire immediately after the policy term is identified as Guaranteed Income.
Single spend lump sum: In this variant, buyers have to have to spend the premium only when at the time of obtain and opt for the policy tenure immediately after which they would like to acquire the Guaranteed lump sum advantage. Customers will also love the added rewards of assured returns coupled with life cover.
Another special aspect of ‘ICICI Pru Guaranteed Income for Tomorrow’ is the “Save The Date” function. One can use this function to make milestones in their individual lives further unique. For instance, they can opt for to get started getting earnings on unique dates such as their wedding anniversary, the birthday of the spouse, and so on.