ICICI Pru Future Perfect Plan

Policy Terms for the ICICI Prudential Future Perfect Plan

Premium Payments Offered by the ICICI Prudential Future Perfect Plan

Key Features of ICICI Prudential Future Perfect Plan

What you need to know about ICICI Prudential Future Perfect Plan

1. You can choose the premium payment term and the policy term as per your needs.
2. In case of demise of the policyholder during the policy term for a premium paying or a fully paid up premium, the dependent will get sum assured plus accrued bonuses or 105% of the premiums paid as on the date of death, whichever is higher.

Payment Options for the Premiums offered by ICICI Prudential Future Perfect Plan

The policyholder can pay the premiums regularly using the following options -

1. Yearly
2. Half - Yearly
3. Monthly

Advantages and Benefits of ICICI Prudential Future Perfect Plan

The provides the following key benefits:

1. Maturity Benefits: Maturity benefits are offered to those who survive till the end of the policy term provided all the premiums have been paid. The maturity benefit is the higher of D or E. D is Guaranteed Maturity Benefit plus Accrued Guaranteed Additions plus Subsisting reversionary bonuses plus terminal bonus, if any. E is 100.1% multiplied by the annualized premium plus loadings for modal premiums, if any.
2. Death Benefits: Death benefit is offered to the dependent of the policyholder if the policyholder dies during the policy term. The death benefit is sum assured plus accrued bonuses or 105% of the premiums paid as on the date of death, whichever is higher. All other policy benefits will cease on payment of the death benefit.
3. Surrender Benefits: If your policy term is 10 years, you will acquire surrender value after 3 full year's payment. If your premium payment term is less than 10 years, you will acquire surrender value after 2 full year's payment. On surrender, you will get Guaranteed Surrender Value plus the value of accrued Guaranteed Additions and Special Surrender Value.
4. Exclusions under the policy: If the policyholder commits suicide within 12 months from the date of inception of the policy, the nominee will be entitled to 80% of the premiums paid. If the policyholder commits suicide within 12 months from the date of revival of the policy, the nominee will be entitled to 80% of the premiums paid or surrender value as on the date of death, whichever is higher.

Revival of ICICI Prudential Future Perfect Plan:

The policy will lapse if the premium is not paid within the days of the allotted grace period. A policy that has been discontinued can be revived within 2 years from the due date of the first unpaid premium.

Loan: Loan amount of up to 80% of the surrender value can be availed.

Assignment: Assignment is available under this plan.