ICICI Prudential Life Guard - Single Premium
ICICI Prudential Lifeguard Level Term Single Premium Plan of ICICI Prudential is a single premium variant of pure term plan with level cover throughout the policy tenure. This is also a vanilla term plan like Lifeguard Level Premium Term Plan where the nominee would be paid out the Sum Assured if the life insured dies within the policy term but if he doesn’t then there is nothing payable to him on maturity. Only in this case, the premium needs to be paid upfront instead of every year payment.
Compare this plan with other Term Plans
ICICI Prudential Life Guard - Single Premium - Key Features
It is a pure Term Insurance Policy with Death Benefit only
Premium needs to be paid upfront only
Rider benefits are also available
ICICI Prudential Life Guard - Single Premium - Benefits
Like a simple term plan, death benefit is payable if life insured expires within the policy tenure.
Nothing is payable on maturity.
Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C...
There are 2 riders in this plan
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Eligibility conditions in ICICI Prudential Lifeguard Single Premium Plan
| Minimum | Maximum | |
| Sum Assured (in Rs.) | 2,50,000 | 10,00,000 |
| Policy Term (in years) | 3 | 15 |
| Premium Payment Term (in years) | Single | Single |
| Entry Age of Policyholder | 18 | 55 |
| Age at Maturity | - | 65 |
| Single premium | Nothing specified | Nothing specified |
| Payment modes |
Single |
|
ICICI Prudential Life Guard - Single Premium - FAQs
There is no question of not paying the premium as the entire premium is paid up front.
Option to surrender this policy is not available.
Loan facility is not available under this policy.
