Disclaimer: ICICI Pru Lakshya LifeLong Income - Saru's Vlog
SOM/II/1644/2020-21
Lifelong income consists of both Guaranteed (Guaranteed Income) and Non-Guaranteed (Cash bonus) components. Regular Income is in the form of cash bonus and guaranteed income (GI). GI will be set at policy inception. Guaranteed Income is a multiple of Annual Premium and Cash Bonus is a proportion of Sum Assured on Maturity.
Capital protection is sum Assured on Maturity which is equal to your total contribution throughout the policy term.
Tax benefits under the policy will be as per the prevailing Income Tax laws. Goods and Services tax will be charged extra, as per applicable rates. The tax laws are subject to amendments from time to time.
Income Start Date (ISD) is fifth policy anniversary after the Premium Payment Term.
Sum Assured on Maturity is equal to your total contribution throughout the policy term.
Bonus may be declared annually from the first year as ‘Regular Additions’ and will be a percentage of the ‘Sum Assured on Maturity’. Terminal Bonus may be declared by the Company and will be payable at policy maturity or on death.
You can avail loans under this policy after the policy acquires surrender value. Loan amount of up to 80% of the Surrender Value can be availed. You have an option to en-cash regular addition after 2 full years’ premium payment.
© ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. Regn. No. 105. CIN: L66010MH2000PLC127837.Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600. Member of the Life Insurance Council.
For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. ICICI Pru Lakshya Lifelong Income. UIN: 105N179V01.
