ICICI Prudential Life Insurance has launched an innovative income plan called ICICI Pru GIFT Pro, offering customers the option to receive either year-on-year increasing income or constant regular income. The non-participating savings product ensures financial security for families. Customers can customize the plan by choosing income benefits and premium payment terms. ICICI Pru GIFT Pro also provides a lump sum benefit, allowing customers to choose up to 100% of the premiums paid and select the timing of receiving the benefit.
It allows customers to plan for life’s milestones, such as owning a house, leaving a lasting legacy, or building a retirement corpus. The policyholder’s death during the income period ensures the nominee will continue to receive the income.
ICICI Pru GIFT Pro offers premium payment terms ranging from 5 to 12 years, and from the 8th year onwards, up to 30 years of income. The product empowers customers to receive income according to their financial needs and allows them to decide the timing and amount of lump sum funds they want.Mr. Amit Palta, Chief Distribution Officer, ICICI Prudential Life Insurance said, “We believe it offers a perfect blend of financial protection and income with maximum flexibility to tailor the plan to suit one’s needs.”
