ICICI Pru Future Perfect Plan

What is the Plan all About?

ICICI Prudential Future Perfect plan is a non-linked endowment plan which secures the future of your loved ones by providing a safe journey. This plan helps you to achieve your life goals like buying a house, securing kids future needs, saving for old age, etc. ICICI Pru Future Perfect plan helps you to plan systematically to achieve the bigger financial objectives in life.

What are the Key Features?

Saving plan with guaranteed benefits
Flexibility to opt the premium paying term
Get life protection along with savings
Secure Tax Benefit

What are the Plan Benefits?

Death Benefit

On the death of the life insured during the policy term in an active policy, the payout to the nominee will be higher of Sum assured plus accrued bonuses or 105% of all premium paid till date.

Maturity Benefit

Maturity benefit is payable on survival of the policy term which is higher of (Guaranteed Maturity Benefit (GMB) + accrued Guaranteed Additions and bonuses plus terminal bonus, if any or 100.1% X (annualized premium plus loadings for modal premiums, if any).

Bonus

Bonuses comprise of vested reversionary bonuses, interim bonus and terminal bonus, as applicable. Reversionary bonus is declared for the first policy year annually during the term of the policy. The bonuses declared under this plan may vary as per the premium payment term options.

Loan Benefit

The policyholder is eligible for loans up to 80% of the Surrender Value.

Surrender Value

On policy surrender, the policyholder will get higher of Guaranteed Surrender Value (GSV) or Special Surrender value. If the PPT (premium paying term) is 10 years or more, the policy will acquire a surrender value after payment of three full years’ premium. If PPT is less than 10 years, the policy will acquire a surrender value after payment of two full years’ premium.

Tax Benefit

Premiums paid, are eligible for the tax benefits as per Section 80C and the death benefit qualify for tax benefits under section 10 (10D) of the Income Tax Act.

Who can Buy the Plan?

Factor	Minimum	Maximum
Age (as on last birthday)	91 Days	58 Years
Age at Maturity	18 Years	70 Years
Policy Tenure	10 Years	30 Years
Premium Paying Term	Limited Pay( 5/7/10/15/20) Only	-
Premium Paying Mode	Monthly, Semi Annually & Annually	-
Premium Amount	Rs 12,000	No Limit (subject To Underwriting)
Sum Assured	Rs 84,000	Rs 4 Lacs
Freelook Period	15 Days/ 30 Days (for Distance Marketing Channel) From The Receipt Of The Policy	-
Grace Period	30 Days (15 Days For Monthly Mode)	-
Plan Type	Offline	-