ICICI Prudential Life Raksha Plan, Policy, Premium and Maturity Calculator
ICICI Prudential Life Raksha Plan, Policy, Premium and Maturity Calculator - ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank, a premier financial powerhouse, and Prudential plc, a leading international financial services group. Life Raksha offered by ICICI Prudential Life is an ideal protection oriented plan that protects the family, in case of the policyholder’s untimely demise. Since this plan comes with a lump sum amount, it can be used to meet immediate liabilities, that may arise in the policyholder’s absence.
Eligibility Criteria - ICICI Prudential Life Raksha Term Insurance Plan and Policy
- Entry age (last birthday) - 18 years
- Maximum maturity age (last birthday) - 60 years
Features - ICICI Prudential Life Raksha Term Insurance Plan and Policy
. A few of the features are mentioned below:
- Minimum sum assured: Rs 50,000
- Maximum sum assured: Rs 500,000
- Policy term: Regular pay - 5 years
- Premium payment: Based on the policy taken
- Minimum and Maximum Premium: Depends on the minimum and maximum Sum Assured and age of the life assured
- Modes of available premium payment: Yearly, Half-yearly and Monthly. For monthly frequency there is a premium loading of 5% unless the payment is made by direct debit
Benefits - ICICI Prudential Life Raksha Term Insurance Plan and Policy
Getting a policy from ICICI Pru Life Raksha comes with a number of benefits. A few advantages of the plan are mentioned below:
- In the unfortunate event of death of the life covered (Life Assured) during the term of the policy, the nominee shall receive the Death Benefit.
- The insurance policy also offers tax benefits under section 80C of the Income Tax Act 1961.
Illustration Scenario - ICICI Prudential Life Raksha Term Insurance Plan and Policy
Mr. Sameer is 25 years old and has bought a two wheeler on credit. He purchases ICICI Pru Life Raksha with a Sum Assured of Rs 1 lakh and policy term of 5 years. His premium is just 831 each year minus the service tax and cesses. In case he meets an untimely death, the nominee will receive the entire sum assured of 1 lakh, which can be used to repay the loan.
ICICI Prudential Term Insurance Plans and Policy |
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| ICICI Prudential Saving Plans |
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| ICICI Prudential Cash Advantage |
| ICICI Prudential Saving Suraksha |
| ICICI Prudential Assured |
| ICICI Prudential Future Perfect |
| ICICI Prudential Retirement Plans |
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| ICICI Prudential Easy Retirement |
| ICICI Prudential Immediate Annuity Retirement |
| ICICI Prudential Group Insurance Plans |
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| ICICI Prudential Rural Insurance Plans |
| ICICI Prudential SarvJana Suraksha Rural |
| ICICI Prudential Anmol Bachat Rural |