Over the past few decades, India has been a shining star in the global playing field. With 7.6-7.7% growth projection for 2017-181, we are the fastest growing major economy in the world, with our GDP expected to reach $9.6 trillion by 20202.

With progress, both rural and urban parts of India have seen a rise in newer and better work opportunities. As a result, our disposable income has increased and along with it, our lifestyle. We want to give our loved ones, amongst other things, a better life, access to better education, healthcare, international vacations and so on.

To fulfill these aspirations, there is a need for not just saving money but also for growing it. However, as Indians, we are ‘savers’ and security is our foremost concern when it comes to financial decisions, be it retirement planning, saving for our child’s marriage and education or buying a dream home.

While as aspirational Indians we want good returns, as people of traditional Bharat, we want safety for our money. Which is why, we present a crossover product – ICICI Pru Future Perfect. This non-linked insurance plan offers you both security and growth of your money. This plan invests a part of your premiums in equity and debt funds which offers your money the opportunity to grow. And at the same time, it guarantees that your money will stay safe, no matter what.

Let’s look at some of the major benefits of this plan:

  • Capital protection to ensure your investment is safe.
  • It offers life cover to protect your loved ones in your absence.
  • Guaranteed additions* and bonuses^ offered by the company from the very first year.
  • Tax benefits to add to your savings.

 

To know more about ICICI Pru Future Perfect , click here.

http://www.business-standard.com/article/economy-policy/world-bank-cuts-forecast-for-india-s-growth-to-7-6-7-7-116060800003_1.html

http://www.forbes.com/sites/kenrapoza/2011/05/26/by-2020-china-no-1-us-no-2/#550565e45d40

Disclaimers

^Additional bonus: includes Reversionary bonuses which may be declared every financial year and will accrue to the policy if it is premium paying or fully paid. Reversionary bonus once declared is guaranteed and will be paid out at maturity or on earlier death. A terminal bonus if any, may also be payable at maturity or on earlier death. Guaranteed benefits are available only if all premiums are paid as per the premium payment term; the policy is inforce till the completion of entire policy term.

*Guaranteed Additions will accrue to the policy throughout the policy term on payment of premiums and it varies as per the premium payment term. Guaranteed Additions (GAs) are as a percentage of annualized premium.

  1. i) During PPT: GA will accrue on premium payment*
  2. ii) After PPT: GA will accrue at the beginning of policy year

where * is “for monthly premium frequency, 1/12th times GA will be accrued every month on premium payment. For half yearly premium frequency, 0.5 times GA will be accrued on premium payment.”

Tax : Tax benefits under the policy are subject to conditions under provisions of the Income Tax Act, 1961. Service tax and applicable cesses will be charged as per applicable rates. Tax laws are subject to amendments from time to time.

Advt No- W/II/0567/2016-17

ICICI Pru Future Perfect – UIN: 105N153V01

About The Author

ICICI Prudential Life Insurance Company Limited is one of the leading life insurance companies in India. We provide insurance plans & policies that include a range of products like term insurance, ULIPs, tax saving plans and pension & retirement plans.

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