ICICI Prudential Life Insurance has launched ICICI Pru Gold, an innovative long-term savings product designed to provide customers with guaranteed lifelong income and financial security. It also includes a life cover component to provide financial security. This product is available in three variants: Immediate Income, Immediate Income with Booster and Deferred Income. Customers can choose to receive income after 30 days from the policy issuance, creating a supplementary source of lifelong income.
Customers who purchase the “Immediate Income with Booster” variant receive additional guaranteed income every fifth policy year, as well as lifelong income after 30 days from the policy issuance date. The ‘Deferred Income’ variant allows customers to choose when they want their income to start, from the second policy year to the 13th policy year. This gives them the flexibility to receive income as per their financial goals.
ICICI Pru Gold offers customers the option to accumulate their income in a Savings Wallet and withdraw it, either partially or in full, depending on their financial needs. The Premium Offset option enables customers to pay their future premiums from the accumulated corpus. Mr. Amit Palta, Chief Distribution Officer, ICICI Prudential Life Insurance, said, “This innovative long-term savings product provides customers with a guaranteed source of income cushioned from market fluctuations”.
