ICICI Prudential Life Insurance has launched an innovative income plan, ICICI Pru GIFT Pro, which provides customers the option to receive either a year-on-year increasing income or a constant regular income. In addition, the life cover component of this non-participating savings product ensures the family has financial security. ICICI Pru GIFT Pro offers customers customizable benefits, premium payment terms, and income benefits to suit their specific needs.
ICICI Pru GIFT Pro offers long-term income assurance and the option to receive a lump sum benefit. Customers can choose up to 100% of premiums paid as a lump sum benefit and select the timing. This feature allows for planning life milestones like owning a house, leaving a lasting legacy, or building a retirement corpus.
The feature ensures the nominee will continue receiving income in case of the policyholder’s death during the income period. Premium payment terms range from 5 to 12 years, with up to 30 years starting from the 8th year. Mr. Amit Palta, Chief Distribution Officer, ICICI Prudential Life Insurance said, “Besides the life cover component in the product provides financial security to the family.
