ICICI Pru Future Perfect Plan is a savings investment plan, which offers guaranteed benefits. The policy helps assured lives to get maturity benefits, surrender benefits, death benefits, etc., as per the policy norms. The policyholders also get the flexibility to choose from five different premium payment terms at their convenience. They must follow the minimum premium limit and other policy norms mentioned to get optimum policy benefits. As the policy offers tax benefits, the policyholders will save more if they choose to pay a high premium and make fewer withdrawals. The policyholders must pay all the due premiums on time and continue the policy over a more extended period to successfully secure their life and financial commitments.
|Plan Name||ICICI Pru Future Perfect|
|Premium Payment Terms(PPT)||Limited Pay (5 years/ 7 years/ 10 years/ 15 years/ 20 years)|
|Premium Payment Mode||Monthly, Half-Yearly, Annually|
|Maturity Age||Minimum: 18 years Maximum:
|Grace Period||Not Available|
|Sum Assured||Minimum Basic Sum Assured on death:
|Liquidity||The policy offers a loan facility once it reaches surrender value.|
ICICI Pru Future Perfect Policy offers flexibility to choose different premium payment terms and premium modes as per the convenience. However, the policyholders must consider the minimum premium amount and other eligibility conditions set by the company.
The policy offers a loan facility once it reaches surrender value. The policyholders can claim up to 80%* of the surrender value to take as a loan. (*Standard T&C Apply)
The policyholders will get either guaranteed surrender value including bonuses and additions as applicable or special surrender value if the policy is surrendered after at least two years of policy terms, provided all the premiums are paid on time.
On survival till maturity of ICICI Pru Future Perfect Policy, the policyholders will get the higher amount between guaranteed maturity benefits with accrued additions and bonuses as applicable and 100.1%* of annualized premiums and additional loadings as appropriate. (*Standard T&C Apply)
The policy will offer the following death benefit in case all the premiums are paid to date.
The policy offers tax benefits* as Section 80(C) and Section 10(10D) of the Income Tax Act 1961. (*Tax benefit is subject to changes in tax laws)
The policy offers flexibility to choose different premium payment terms and premium payment modes. The policyholders must consider the minimum annualized premium payment limit as below.
It is recommended to calculate the premium amount at ICICI Pru Future Perfect calculator available online to choose the amount.
The applicants must submit the following documents to help in the KYC process of policy management.
The interested individuals must follow the steps below if they want to buy ICICI Pru Future Perfect.
It is advised that the applicants must read ICICI Pru Future Perfect reviews available online before making the final purchase decision.
ICICI Pru Future Perfect Policy does not offer any death benefits if the death of assured life is due to suicide. However, the nominee will receive the higher amount between 80% of total premiums paid until the date or Policy Surrender Value applicable at the date of death, if the death takes place within a year starting from the risk commencement date or policy revival date.