ICICI Pru Gift Pro (UIN: 105N201V05)

*Income Period starts at the end of the policy term.

#Goods and Services Tax are applicable on premiums as per the prevailing Tax Laws. The tax laws are subject to amendments from time to time.

1.Level Income and Increasing Income are income options available under ICICI Pru GIFT Pro. Guaranteed Benefits will be payable subject to all due premiums being paid. Under Level Income, the Guaranteed Income will remain constant throughout the income period. If Increasing Income is selected, the Guaranteed Income will increase at a simple interest rate of 5% p.a. You can either opt for Level Income or Increasing Income option. This option has to be selected at inception and cannot be changed later.

2.You can choose to receive any percentage from 0% to 100% of the sum total of all annualized premiums payable by you as MoneyBack Benefit. This will be paid as a Lump sum amount. Additionally, you also have the flexibilty to choose any year, on or after the maturity date of the policy up to the last income year, to receive this MoneyBack Benefit. Your Guaranteed Income amount will be adjusted based on the MoneyBack Benefit % and payout year selected by you.

3.Life Insurance Cover is the benefit payable on death of the Life Assured during the policy term. Sum assured is dependent on the age of the policy holder. Please refer to sales brochure for more detail.

4.If you opt for “Low Cover Income Booster” the sum assured on death will be lower and your guaranteed income will be increased.

5.You can choose to convert all future guaranteed income and MoneyBack Benefit (if applicable and not already received) into a lump sum. This flexibility is also available to the Claimant in case of an unfortunate demise of the Life Assured during the Income Period. The value of lump sum benefit will depend on when you/ the Claimant exercise the option and is detailed below: • On the date of policy maturity: equal to ‘Maturity Sum Assured’. • Any time during the income period after policy maturity date: Future GIs and MoneyBack Benefit (if applicable) discounted at 30 year Government Securities yield + 1.00%, rounded to nearest 0.25%. The yield on 30-year Government Securities will be sourced from www.bloomberg.com. The discount rate, applicable for commutation to lump sum during income period, will be reviewed twice every year on 1st of June and 1st of December.

6.You have an option to receive Guaranteed Income every year on a Special Date of your choice preceding the due date of first GI pay-out during the Income Period, if you have opted for annual mode of income. The Special date can be chosen to coincide with any date such as, Date of Maturity, birth date or anniversary date etc. Payment of Guaranteed Income will commence from this Special Date and all further GIs will be paid every year on this Special Date chosen. You can select the Special Date at policy inception or any time before two months of the completion of the policy term. For more details, please refer to the sales brochure