ICICI Life Capital Guarantee Solution

What is ICICI Life Capital Guarantee Solution?

The ICICI Life Capital Guarantee Solution is an investment plan that offers you the assurance of protecting your initial investment (capital) from potential losses. This is an insurance product that provides a combination of investment opportunities of a ICICI Life EzyGrow - 105L189V08 - Unit Linked Insurance Plan (ULIP) and a safety net of a ICICI Life GIFT Assure - 105N224V03-Non-Linked, Non-Participating Guaranteed Plan. It ensures that you receive at least the amount you initially invested, regardless of market conditions.

Here are the key features of the plan:

• Capital guarantee: Under ICICI Life GIFT Assure (UIN: 105N224V03), a non-linked, non-participating guaranteed plan, 100% of the total premiums paid are fully guaranteed to be returned at maturity regardless of market performance, ensuring your principal remains completely protected even during market downturns.

• Market-linked investments: A portion of your premium is invested in market-linked funds, giving you the opportunity to earn higher market-backed returns alongside the flexibility to manage your investment risk through ICICI Life EzyGrow (UIN: 105L189V08).

• Life cover: The plan also provides life cover, which means that your loved ones will receive a lump sum payment in the event of your death.

ICICI Life Save N Grow Plus Plan

ICICI Life Insurance Save N Grow Plus Plan is a combination of two individual products named (1) ICICI Life EzyGrow - A Unit-Linked, Non-Participating, Individual Life Savings Insurance Plan (UIN: 105L189V08) and (2) ICICI Life GIFT Assure - A Non-Linked, Non-Participating, Individual, Life Insurance Savings Plan (UIN: 105N224V03). These products are also available for sale individually without the combination offered/suggested. The customer is advised to refer to the detailed sales brochure of the respective individual products mentioned herein before concluding the sale. While the guaranteed return insurance part helps you secure your savings, the ULIP part of the plan helps you get market-linked returns. That means insurance coverage and market-linked growth give you the dual benefit of financial security and growth.

Here are some of the key features of the ICICI Life Save N Grow Plus Plan:

• 100% capital guarantee on your investment

• Potential for market-linked returns

• Life cover

• Tax benefits

What are the Benefits of ICICI Life Capital Guarantee Solution?

Here are some of the key benefits:

• Capital Guarantee: The plan ensures that the amount invested will be returned as a 100% guaranteed lump sum at maturity. This means your principal is secure, and you won't incur any losses on the amount invested.

• Wealth Creation Potential: The solution provides the opportunity to create wealth and achieve your financial goals. You have the flexibility to choose from different funds across equity, balanced, and debt options. This diversification allows you to potentially earn higher returns based on your risk appetite and market conditions.

• Tax Benefits: Under Section 80C and 10(10D) of the tax regulations, you can avail tax benefits on the premiums paid and the returns received. This helps in reducing your tax liability and enhances the overall post-tax returns.

• Life Cover for Financial Security: Throughout the plan term, a life cover is available to protect your loved ones in case of unfortunate events. This ensures that your family remains financially secure even in your absence.

• No Premium Allocation Charges: The market linked component i.e. ICICI Life EzyGrow - 105L189V08 policy comes with no premium allocation charges, which means the entire premium amount paid goes towards investment, maximizing your wealth creation potential.

• Maturity Booster: ICICI Life EzyGrow - 105L189V08 adds additional units to your fund value at the end of the policy term, acting as a maturity booster. This helps in boosting your final corpus and increasing potential returns.

• Free Switches Between Funds: Under the market linked component i.e. ICICI Life EzyGrow - 105L189V08 you have the flexibility to switch between the available funds under ICICI Life Capital Guarantee Plans as many times as you want, and this facility is provided at no additional cost. This allows you to realign your investments based on market conditions or changing financial goals.

Eligibility of ICICI Life Save N Grow Capital Guarantee Solution

Who Should Buy ICICI Life Capital Guarantee Solution Plan?

This investment product is suitable for:

1. First-Time Investors:

   This plan is ideal for individuals who are new to investing and want to explore market-linked returns with relatively lower risk. First-time investors can benefit from this plan as it provides a level of security while still participating in market growth.

2. Monthly Savers:

   If you are someone who prefers making regular monthly deposits and desires market-linked returns without risking your invested amount, this plan is designed for you. Monthly savers can enjoy the potential benefits of market movements without worrying about the risk associated with their principal amount.

3. Regular Investors:

   This plan caters to individuals who are actively involved in the market and seek a financial instrument that allows them to save and grow their money consistently. With the flexibility of investment and withdrawal, regular investors can take advantage of this plan's low charges and potentially build significant wealth over time.

4. Young Parents:

   Young parents who want to secure their child's future, especially considering the rising costs of education, can find this plan beneficial. It helps in building wealth over the long term to fulfill important milestones and non-negotiable dreams for their children.

5. Tax-Saver:

   For individuals looking to save on taxes while also seeking returns, this plan offers tax benefits on premiums paid and returns received, subject to conditions under Sections 80C and 10(10D). It can be an efficient way of saving tax while growing your investment.

How to Buy ICICI Life Capital Guarantee Solution Plan through Policybazaar?

Follow these steps to buy ICICI Life Capital Guarantee Solution Plan through Policybazaar:

Step 1: Go to the official website of Policybazaar Investment Section (https://investmentlife.policybazaar.com/)

Step 2: To get accurate quotes and information about the ICICI Life Capital Guarantee Solution Plan, you'll need to provide some essential details like investment amount, how long you want to stay invested for and the policy term.

Step 3: After entering your information, Policybazaar will provide you with a list of insurance plans that match your criteria. Look for the ICICI Life Capital Guarantee Solution Plan in the list.

Step 4: Click on the ICICI Life Capital Guarantee Solution Plan to view its complete details, coverage features, terms, and conditions.

Step 5: Policybazaar will also give an estimate of the amount that you will get on maturity based on the factors you have selected.

Step 6: Once you are satisfied with the plan, you can proceed to fill in the application form for the ICICI Life Capital Guarantee Solution Plan.

Step 7: You will be required to submit certain documents for verification, such as identity proof, address proof, and income-related documents.

Step 8: Make the premium payment for the chosen plan using your preferred payment method. Policybazaar supports various payment options, including credit/debit cards, net banking, UPI, etc.

After successful payment and verification of documents, you will receive the policy document via email or courier at your registered address.

Wrapping it up!

ICICI Life Capital Guarantee Solution presents a diverse range of investment plans cater to various investor profiles and financial objectives. Whether you are a first-time investor seeking market-linked returns or a regular investor, a young parent aiming to secure your child's future, or a tax-saver interested in efficient tax planning, ICICI Life's Capital Guarantee Solution offers market linked returns along with capital guarantee.