ICICI Pru Cash Advantage
Why is ICICI Pru Cash Advantage special?
How much Guaranteed Cash Benefit do I receive?
The regular Guaranteed Cash Benefit (GCB) starts from the year when your premium payment term ends. It is paid every year post that till the end of your policy. You can choose to receive this benefit either monthly or yearly as shown below:
|Cash Benefit Mode||Guaranteed Cash Benefit (GCB)|
|Monthly||1 % of Guaranteed Maturity Benefit*|
|Yearly||11.5 % of Guaranteed Maturity Benefit|
*Guaranteed Maturity Benefit or GMB is the fixed amount you receive at maturity.
How much money do I get at policy maturity?
At the end of the entire duration of the policy, you receive a lump sum pay-out called Maturity Benefit, provided all premiums until that year are paid. It will be the higher of:
- Guaranteed Maturity Benefit (GMB) plus Bonuses declared by the company, if any
- 100.1% of total premiums paid*
*Excluding any extra mortality premium, service tax and cesses, less GCB received.
A weekend getaway with family, a couple’s gym membership or guitar classes for your child! Do you have to choose between these? Presenting ICICI Pru Cash Advantage, a plan that gives you money at regular intervals and a lump sum amount at maturity, so that you do not have to choose between your dreams.
How many years do I have to pay premiums for?
You can pay the premium for 10 years.
When does my pay-out period start?
The pay-out period starts from the 11th year.
How long does the pay-out period last?
Cash benefit will be available for 10 years.
How long does the policy last?
The policy lasts for 20 years.
How much premium can I pay?
You can pay a minimum of `12,000 per year. There is no upper limit on the premium that you can pay
At what age can I start this plan?
There is no minimum age to start this plan. The maximum age should not exceed 60 years.
How old should I be when the plan reaches maturity?
Your minimum age at policy maturity should be 18 years and the maximum age should not be more than 80 years.