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ICICI Pru Future Perfect Plan

The ICICI Prudential Future Perfect Plan is non-linked insurance plan. This ICICI Prudential Life Insurance Plan can help you achieve your goals of purchasing a flat, securing your children’s future financial needs, going on your dream vacation, and eventually, living a peaceful life after retirement. This is an ideal savings and protection oriented plan. You can save with the comfort of guaranteed benefits, additions, and bonuses. You get for the entire policy term. You also get to choose the premium payment term, the frequency and the policy term.

Eligibility Conditions for the ICICI Prudential Future Perfect Plan:

Minimum Entry Age The minimum age at entry for the various premium payment term options is as follows: 5 years term - 3 years 7 years term - 1 year 10 years term - 91 days 15 years term - 91 days 20 years term - 91 days
Maximum Entry Age The maximum age at entry for the various premium payment term is as follows: 5 years term - 45 years 7 years term - 58 years 10 years term - 55 years 15 years term - 50 years 20 years term - 45 years
Minimum Maturity Age 18 years
Maximum Maturity Age 5 years term - 60 years 7 years term - 70 years 10 years term - 70 years 15 years term - 70 years 20 years term - 70 years

Policy Terms for the ICICI Prudential Future Perfect Plan

Premium payment term (in years) Policy term (in years)
5 10 - 15
7 12 - 17
10 15 - 20
15 20 - 25
20 25 - 30

Premium Payments Offered by the ICICI Prudential Future Perfect Plan

Minimum Premium 5 years term - Rs.40,000 7 years term - Rs.18,000 10 years term - Rs.12,000 15 years term - Rs.9,600 20 years term - Rs.8,400
Minimum basic sum assured on death 5 years term - Rs.4,00,000 7 years term - Rs.1,80,000 10 years term - Rs.1,20,000 15 years term - Rs.96,000 20 years term - Rs.84,000
Premium payment Five Pay option:
  • The policy lasts for 10 to 15 years.
  • The minimum premium payable is Rs.40,000.
  • Minimum age to start the plan is 3 years and the maximum is 45 years.
  • The minimum policy maturity age is 18 years and the maximum cannot exceed 60 years.
Seven Pay option:
  • The policy lasts for 12 to 17 years.
  • The minimum premium payable is Rs.18,000.
  • Minimum age to start the plan is 1 year and the maximum is 58 years.
  • The minimum policy maturity age is 18 years and the maximum cannot exceed 70 years.
Ten Pay option:
  • The policy lasts for 15 to 20 years.
  • The minimum premium payable is Rs.12,000.
  • Minimum age to start the plan is 90 days and the maximum is 55 years.
  • The minimum policy maturity age is 18 years and the maximum cannot exceed 70 years.
Fifteen Pay option:
  • The policy lasts for 20 to 25 years.
  • The minimum premium payable is Rs.9,600.
  • Minimum age to start the plan is 90 days and the maximum is 50 years.
  • The minimum policy maturity age is 18 years and the maximum cannot exceed 70 years.
Twenty Pay option:
  • The policy lasts for 25 to 30 years.
  • The minimum premium payable is Rs.8,400.
  • Minimum age to start the plan is 90 days and the maximum is 45 years.
  • The minimum policy maturity age is 18 years and the maximum cannot exceed 70 years.

Key Features of ICICI Prudential Future Perfect Plan

Type of Plan Non-linked savings insurance plan.
Premium Payment options Yearly, Half – Yearly, Quarterly, Monthly
Free look period 15 days from the date you received the policy. If the policy has been purchased through distance marketing, then the free look period is 30 days.
Loans Loan amount of up to 80% of the surrender value can be availed.
Revival A policy that has been discontinued can be revived within 2 years from the due date of the first unpaid premium.
Surrender benefit 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.

What you need to know about ICICI Prudential Future Perfect Plan

  • You can choose the premium payment term and the policy term as per your needs.
  • 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 –

  • Yearly
  • Half – Yearly
  • Monthly

Advantages and Benefits of ICICI Prudential Future Perfect Plan

The provides the following key benefits:

  • 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.

  • 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.

  • 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.

  • 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.

GST of 18% is applicable on life insurance effective from the 1st of July, 2017

 4.0 / 5.0   by 930 users
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Plan Benefits

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Policy Coverage

Customer Service

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ICICI Pru Future Perfect Plan Reviews

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  • ICICI Prudential Life Insurance
    "Good Plan"
    0.5 4.0/5 "Great!"
    I have taken my term insurance from ICICI prudential. I have trusted this bank because its a top most high, that is the reason i have chosen them. I'm happy about the claim ratio. I'm satisfied with the sum assured amount. I have chosen the annual payment mode after 1 year, i will change the payment mode on a monthly basis.
    Was this review helpful? 0
    , rajahmundry
    Reviewed on Dec 05, 2019
  • ICICI Prudential
    ICICI Prudential Life Insurance
    "Not that much good Policy"
    0.5 1.0/5 "Really Bad"
    I took my life insurance policy from ICICI prudential and the agent cheated by saying the benefits. In this plan, i need to pay for 7 years with the amount of Rs. 50000. Once i paid the money, there is a lock in period of 8 years but the interest rates are getting less and i feel like end of the term i won't get any additional benefit.
    Was this review helpful? 1
    , tirupur
    Reviewed on Nov 26, 2019
  • ICICI Prudential Life Insurance
    "Not worthy"
    0.5 1.0/5 "Really Bad"
    Earlier i was having a life insurance policy from ICICI Prudential. Agent were explained me about the policy details. They said my money will get doubled after 5 years hence i have paid the premium amount of Rs. 25000 annually for 3 years and there is a lock in period for 2 years. Once i went to withdraw the policy i got Rs. 1000 extra.
    Was this review helpful? 1
    , tiruchirapalli
    Reviewed on Nov 25, 2019
  • ICICI Prudential Life Insurance
    "Good insurer"
    0.5 4.5/5 "Excellent!"
    I have taken term insurance with ICICI PRUDENTIAL on 4 years before. They have updated same policy so I discontinued old one and opened new policy. It is a term policy with tenure period of 30 years. I use to pay premium amount on annual basis of 18K. Agent has provided all the details and I received soft copy. One drawback with this insurer is their rates are high.
    Was this review helpful? 0
    , bangalore
    Reviewed on Nov 12, 2019
  • ICICI Prudential Life Insurance
    "Average Service"
    0.5 3.0/5 "Satisfactory"
    Taken my life insurance policy from ICICI Prudential one of my friend has recommended me about this policy. It was a systematic investment plan. I have paid the premium amount of Rs. 1,500 on every month. Total term period of policy is 3 years.
    Was this review helpful? 0
    , chennai
    Reviewed on Nov 08, 2019
  • ICICI Prudential Life Insurance
    "Daring policy"
    0.5 4.0/5 "Great!"
    My life insurance was taken from ICICI Prudential. I have a kid so that i have thought of investing them . ICICI people have suggested me a good product based on my investment amount. If i invest of Rs. 1 lakh per year for the payment of 6 years and the next 15 years, i don't need to pay any money after 21 years, i get some lumpsum sum assured amount. They are providing the life insurance policy worth of Rs. 10 lakhs for myself. They will give some ULIP when i pay the premium. Its a market based policy.
    Was this review helpful? 0
    , nellore
    Reviewed on Nov 07, 2019
  • ICICI Prudential Life Insurance
    "Good Service"
    0.5 4.0/5 "Great!"
    On 5 years before I have taken a life insurance from ICICI PRUDENTIAL. The policy is for 15 years. I am paying premium in the annual package the amount of 13 thousands which is nominal. It is a retirement policy for the amount of 15 lakhs. While getting a policy my agent has given an information about the policy details. It covers my whole family.
    Was this review helpful? 0
    , bangalore
    Reviewed on Oct 31, 2019
  • ICICI Prudential Life Insurance
    "Good "
    0.5 4.0/5 "Great!"
    I took term insurance policy with ICICI PRUDENTIAL on one year before , they have given clear details about benefits and are good. The agent has given hard copy documents on time. My premium is paying through credit card on monthly basis for 14 thousands. The tenure period for 20 years.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Oct 24, 2019
  • ICICI Prudential Life Insurance
    "Average"
    0.5 4.0/5 "Great!"
    I have taken a life insurance in ICICI PRUDENTIAL on 6 months before. The policy is for 15 years. Now I am paying premium for 25 thousands rupees. While getting a policy my agent has given an information about the policy details, however there are some charges applicable.
    Was this review helpful? 0
    , saharsa
    Reviewed on Oct 14, 2019
  • ICICI Prudential Life Insurance
    "Better"
    0.5 3.0/5 "Satisfactory"
    My term insurance is with ICICI Prudential because of the good benefits. The tenure is 2years, if Incase any demise happened then nominee would be getting 2L from the insurer. I am paying monthly Rs.258 through ECS. The customer service is not up to the mark.
    Was this review helpful? 0
    , bangalore
    Reviewed on Oct 10, 2019
  • ICICI Prudential Life Insurance
    "Better Policy"
    0.5 5.0/5 "Blown Away!"
    ICICI prudential is providing me a best policy so i have taken them. Its ULIP (Unit Linked Insurance Policy) policy. I am paying the premium amount of Rs. 30000 every year. I pay the sum assured amount of Rs. 2.10 lakhs. I used to pay the premium through online.
    Was this review helpful? 0
    , dibrugarh
    Reviewed on Oct 04, 2019
  • ICICI Prudential Life Insurance
    "Good Policy"
    0.5 5.0/5 "Blown Away!"
    ICICI Prudential premium was less for my life insurance so i chosen. I am holding the policy for past 3 years and they are providing me a satisfactory coverage amount. This is a term policy. Its covers with the accidental cover and disability cover.
    Was this review helpful? 0
    , pune
    Reviewed on Oct 03, 2019
  • ICICI Prudential Life Insurance
    "Good policy"
    0.5 4.5/5 "Excellent!"
    My husband is working in ICICI Prudential so have taken 2life insurance policy. They are giving better benefits than others. I am not sure about the tenure details and premium because it has been dealt by husband. The payment mode is online.
    Was this review helpful? 0
    , thiruvananthapuram
    Reviewed on Sep 29, 2019
  • ICICI Prudential Life Insurance
    "Happy with the benefits"
    0.5 5.0/5 "Blown Away!"
    I have taken an accidental policy with ICICI prudential. They have insured me 1crore and the premium is very low which am happy. I have taken the policy last year and got the insurance paper on time. They are offering information time to time and the response was very nice.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Sep 24, 2019
  • ICICI Prudential Life Insurance
    "Benefits need to be increased"
    0.5 3.5/5 "Pretty good"
    From ICICI Prudential I took term plan it has the premium Rs. 511 per month, if there is any accident at the time the family member get Rs. 10 lakhs of coverage. They gave me the acknowledge from their end but response is lacking and I feel its not good plan which has other benefits after the maturity.
    Was this review helpful? 0
    , bangalore
    Reviewed on Sep 22, 2019
  • ICICI Prudential Life Insurance
    "Good policy "
    0.5 4.0/5 "Great!"
    I want to all the financial portfolio to be with ICICI hence i am using all the services through ICICI so i took the term insurance policy from ICICI prudential. I am paying the premium amount of Rs. 10000 every year and this policy has coverage value of Rs. 50 lakhs. This covers upto 75 years of my age.
    Was this review helpful? 0
    , new delhi
    Reviewed on Sep 19, 2019
  • ICICI Prudential Life Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    I am having a good relationship with ICICI BANK so I have taken life plan from ICICI Prudential. I need to pay the premium for 7 years and the maturity is 10 years. I am paying monthly 5K through auto debit and am not sure about the benefits. I got the insurance paper.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Sep 17, 2019
  • ICICI Prudential Life Insurance
    "Very Good Policy"
    0.5 5.0/5 "Blown Away!"
    My company has provided me a life insurance policy from ICICI Prudential. Its a life insurance policy which gives for the customer who takes the loan. This policy has a coverage value of Rs. 10 lakhs. I'm paying the premium amount of Rs. 5000 and i have chosen the annual payment mode.
    Was this review helpful? 0
    , coimbatore
    Reviewed on Sep 10, 2019
  • ICICI Prudential Life Insurance
    "Secure life with a term policy"
    0.5 4.0/5 "Great!"
    Bought my term plan from ICICI Prudential and i have closed the fore-closed policy from ICICI prudential which is a pension policy and wealth plus hence i have chosen the term plan. It was a ULIP plan earlier. In this ICICI terms, critical illness also covered. I am satisfied with the coverage value. I need to keep a balance in my account when they are taking a premium.
    Was this review helpful? 0
    , mumbai
    Reviewed on Aug 27, 2019
  • ICICI Prudential Life Insurance
    "Not recommendable policy"
    0.5 2.0/5 "Expected more"
    The money which i invested its not in a growth mode hence i won't recommend the Life insurance policy from ICICI Prudential. That time I was an agent for ICICI thats the reason, i have taken this policy. I am paying the premium amount of RS. 14000 in a yearly basis. Total sum assured amount is Rs. 2 to 5 lakhs. No one has contacted me from ICICI. This is a market based policy.
    Was this review helpful? 1
    , mumbai
    Reviewed on Aug 27, 2019
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