ICICI Prudential Future Secure Plan
ICICI Prudential Future Secure Plan is a Participating Endowment Plan with Bonus facility.
Key Features
Benefits
In case of death of the Life Insured within the Policy Tenure, the nominee gets the Sum Assured + accrued Reversionary Bonus + Terminal Bonus (if any) + Interim Bonus as Death Benefit and the policy terminates. However, the risk on a child’s child starts only after the child is at least 7 years old.
On Policy Maturity, the Sum Assured + Vested Reversionary Bonus + Terminal Bonus (if any) would be paid as Maturity Benefit to the Life Insured and the policy would be terminated.
Life Insurance premiums paid up to Rs. 1,50,000 are allowed as a deduction from the taxable income each year under section 80C and the Maturity Proceeds are tax free under section 10(10)D subject to fulfilment of terms and conditions.
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- Accident and Disability Benefit Rider,
- Critical Illness Rider and
- Income Benefit Rider
How it works
Eligibility
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Minimum
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Maximum
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|
Sum Assured (in Rs.)
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1,00,000
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No Limit
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|
Policy Term (in years)
|
10
|
30
|
|
Premium Payment Term (in years)
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Equal to PT
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|
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Entry Age of Life Insured (in years)
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0
|
60
|
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Age at Maturity (in years)
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18
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70
|
|
Premium (in Rs.)
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6000 p.a.
|
No Limit
|
|
Payment modes
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Yearly, Half-Yearly and Monthly
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FAQs
What happens if policyholder stop paying the premiumIf you stop paying the premiums the policy lapses and all benefits cease. However, the policy can also be revived within 2 years from the due date of the first unpaid premium and before the date of maturity of the policy.
What happens if policyholder want to surrender the policyWhat happens if policyholder want a loan against your policyLoan facility is available after the policy acquires a Surrender Value upto 80% of the Surrender Value.
