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• ICICI Prudential Future Perfect Saving Plan, Policy, Premium and Maturity Calculator

ICICI Prudential Future Perfect Saving Plan, Policy, Premium and Maturity Calculator

ICICI Prudential Future Perfect Saving Plan, Policy, Premium and Maturity Calculator - The ICICI Prudential Future Perfect Plan is non-linked insurance plan. This ICICI Prudential Life Insurance Plan can help you achieve your goals of purchasing a flat, securing your children’s future financial needs, going on your dream vacation, and eventually, living a peaceful life after retirement. This is an ideal savings and protection oriented plan. You can save with the comfort of guaranteed benefits, additions, and bonuses. You get life cover for the entire policy term. You also get to choose the premium payment term, the frequency and the policy term.

Eligibility Conditions - ICICI Prudential Future Perfect Saving Plan and Policy

Policy Terms - ICICI Prudential Future Perfect Saving Plan and Policy

Premium Payments - ICICI Prudential Future Perfect Saving Plan and Policy

Key Features - ICICI Prudential Future Perfect Saving Plan and Policy

Policy Details - ICICI Prudential Future Perfect Saving Plan and Policy

• You can choose the premium payment term and the policy term as per your needs.
• In case of demise of the policyholder during the policy term for a premium paying or a fully paid up premium, the dependent will get sum assured plus accrued bonuses or 105% of the premiums paid as on the date of death, whichever is higher.

Payment Options for the Premiums - ICICI Prudential Future Perfect Saving Plan and Policy

The policyholder can pay the premiums regularly using the following options –

• Yearly
• Half – Yearly
• Monthly

Advantages and Benefits - ICICI Prudential Future Perfect Saving Plan and Policy

The ICICI Prudential Future Perfect Plan provides the following key benefits:

• Maturity Benefits:

Maturity benefits are offered to those who survive till the end of the policy term provided all the premiums have been paid. The maturity benefit is the higher of D or E. D is Guaranteed Maturity Benefit plus Accrued Guaranteed Additions plus Subsisting reversionary bonuses plus terminal bonus, if any. E is 100.1% multiplied by the annualized premium plus loadings for modal premiums, if any.

• Death benefit is offered to the dependent of the policyholder if the policyholder dies during the policy term. The death benefit is sum assured plus accrued bonuses or 105% of the premiums paid as on the date of death, whichever is higher. All other policy benefits will cease on payment of the death benefit.

• If your policy term is 10 years, you will acquire surrender value after 3 full year’s payment. If your premium payment term is less than 10 years, you will acquire surrender value after 2 full year’s payment. On surrender, you will get Guaranteed Surrender Value plus the value of accrued Guaranteed Additions and Special Surrender Value.

• Exclusions under the policy:

  If the policyholder commits suicide within 12 months from the date of inception of the policy, the nominee will be entitled to 80% of the premiums paid. If the policyholder commits suicide within 12 months from the date of revival of the policy, the nominee will be entitled to 80% of the premiums paid or surrender value as on the date of death, whichever is higher.

Revival - ICICI Prudential Future Perfect Saving Plan and Policy

The policy will lapse if the premium is not paid within the days of the allotted grace period. A policy that has been discontinued can be revived within 2 years from the due date of the first unpaid premium.

Loan:

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

Assignment:

Assignment is available under this plan.

GST of 18% is applicable on life insurance effective from the 1st of July, 2017