ICICI Pru Gold is a protection and savings oriented participating life insurance plan that provides the protection of life cover along with a regular income for your chosen policy term or whole of life that can be used to meet your long-term recurring financial needs through participation in bonus. Click here for product disclaimer.
Key Benefits
Protection through life cover with policy term up to 99 years of age
Income up to 99 years of age, with option to start receiving income immediately or after a few years as per your needs. This income will be a combination of Guaranteed Income and income linked to bonus declaration
Option to accumulate/withdraw income any time or adjust future premiums from the income thus accumulated
Option to get Guaranteed boosters after every 5 years to boost your savings with Immediate Income with Booster plan variant
(In all plan options, guarantee is in the form of ‘Guaranteed income’ as regular income and ‘Sum assured on maturity’ as a part of Maturity Benefit. Additionally, in ‘Immediate Income with booster’ plan option, the ‘Guaranteed booster’ also forms a part of guaranteed benefits. Guaranteed returns are payable subject to all due premiums being paid and survival of the life assured.)
Tax benefits may be applicable on premiums paid and benefits received as per prevailing tax laws
To know detailed information related to exclusions, kindly read the Product Brochure.
Premium(s) paid by an individual or HUF under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961, subject to the conditions/ limits specified therein. Under Section 10 (10D) of the Income Tax Act, 1961, the benefits received from this policy are exempt from tax, subject to the conditions specified therein.
Please note that the above-mentioned benefits are as per the current tax rules. Your tax benefits may change if the tax rules are changed. You are requested to consult your tax advisor.
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Plan Variants |
Premium Payment Term (PPT) (in years) |
Min/Max Policy Term (PT) (in years) |
Min/Max Age at Entry (in years) |
Min/Max Age at Maturity (in years) |
Min/Max Annualized Premium |
|
Immediate Income |
5 |
30/99 |
0/50 |
30/99 |
Rs 50,000 p.a.*/ Subject to Board Approved Under-writing Policy |
|
6 |
0/55 |
||||
|
7 to 12 |
0/60 |
||||
|
Immediate Income with Booster |
6 |
0/50 |
|||
|
7 |
0/55 |
||||
|
8 to 12 |
0/60 |
||||
|
Deferred Income |
7 |
0/50 |
|||
|
8 |
0/55 |
||||
|
9 to 12 |
0/60 |
*Applicable Goods and Services Tax will be charged separately, as per applicable rates. The tax laws are subject to amendments from time to time.
The minimum Basic Sum Assured on Death will correspond to the minimum annualized premium and vary by the Death Benefit multiple as per age of entry of the Life Assured.
The maximum Basic Sum Assured on Death will be subject to board approved underwriting policy.
Premium Payment Frequency: Yearly, Half-Yearly, Monthly
Premium and Benefits will vary depending upon the plan variant chosen
