Launch Date | UIN | Status |
29/6/2016 | 105N153V02 | Active |
The ICICI Prudential Future Perfect plan is a non-linked insurance plan. The plan ideally works as a savings-cum-protection plan. It is a support through which you can accomplish your future goals – be it your children’s marriage, their education, or investment savings. The plan provides various additions and bonuses along with guaranteed benefits.
Let’s understand this plan in brief before getting into the details.
Modes of Payment |
|
Claim Settlement Ratio of the Insurer |
96.68% |
USPs of the Policy |
|
Bonus Rate (If Any) |
The bonus rate is declared based on the financial performance of the company in that particular year. |
Illustration with Premium of INR 1.04 Lakh |
If an individual purchases this plan at INR 1,04,501 premium (yearly mode) for a policy term of 30 years and premium payment term (PPT) of 20 years, the policyholder stands to receive sum assured of INR 17,52,350 + guaranteed benefits of INR 22,07,350 + estimated bonus of INR 40,49,787 @ 8% and tax benefit of INR 19,46,669. The insured individual will receive a total amount of INR 62,57,137. |
Firstly, the individual decides the premium paying term and the policy term of his/her choice. The individual has to pay the minimum premium payable as per the PPT selected.
Now, let’s understand the various benefits offered with this plan:
Note: The fixed amount depends on various factors, such as age, gender, policy term, and PPT.
Note: Once the death benefit is paid by the insurance company, the policy is terminated and the coverage ends.
Along with all the benefits mentioned earlier, here are some more beneficial features of the ICICI Prudential Future Perfect plan:
BonusYear | RevBonus | |||||||||
---|---|---|---|---|---|---|---|---|---|---|
2017-18 | 2% |
Bonus explained: For a sum assured of Rs. 100000/-, if the bonus declared is 4.2% or Rs 42/- per thousand, then the amount of Rs 4200/- gets accumulated into the policy for that year.
The ICICI Prudential Future Perfect plan is a perfect combination of protection and savings and proves to be of great support in fulfilling your goals. The minimum and maximum age to purchase this plan depends on the premium payment term chosen by the individual. The following table will guide further:
Premium Payment Term |
Minimum Age at Entry |
Maximum Age at Entry |
5 years |
3 years |
45 years |
7 years |
1 year |
58 years |
10 years |
91 days |
55 years |
15 years |
91 days |
50 years |
20 years |
91 days |
45 years |
No riders are available with this plan.
ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank and Prudential plc, a leading player in financial services sector based in UK. ICICI Prudential Life began operations in 2000 and was one of the first private sector companies, in India, to get IRDA’s approval. Along with its 7 other bancassurance partners and large distribution network, ICICI Pr
Robinhood is known for its user & customer centric approach. We take care of all the phases of insurance, whether you've bought the policy from us or not.