strictly for internal circulation and/or for training/ education of employees/advisors/ corporate...
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Strictly for internal circulation and/or for training/ education of employees/advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. 1
A target savings plan with theadvantage of Liquidity and Life Cover
An insurance plan with the advantage of liquidity
Presenting…Presenting…
Strictly for internal circulation and/or for training/ education of employees/advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. 2
Arun, 31 years, works as an executive in a multinational firm while Preeti is a home maker
Meet Arun and Preeti…Meet Arun and Preeti…
This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.
Strictly for internal circulation and/or for training/ education of employees/advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. 3
Marriage
Lifestage – recently marriedLifestage – recently married
Ensuring lifestyle of family
Strictly for internal circulation and/or for training/ education of employees/advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. 4
The PlanThe Plan
Ideal for those who are looking at a plan which offers them Protection, Savings and Liquidity
A fixed term policy of 15 or 20 years
Premium has to be paid regularly during the chosen term
Survival benefit payments are paid at regular intervals to provide you with liquidity
Strictly for internal circulation and/or for training/ education of employees/advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. 5
Arun buys ICICI Pru CashBak with Sum Assured of 10 lacs
Arun pays premium every year
3rd Year
10% of SA1st payout = 1 lac
6th year
15% of SA2nd payout = 1.5 lacs
9th year
20% of SA3rd payout = 2 lacs
12th year
25% of SA4th payout = 2.5 lacs
15th year
Payout: 50% of SA + GA + VB
Rs. 5 lacs + VB + GA
Option 1 – Fifteen year termOption 1 – Fifteen year term
Strictly for internal circulation and/or for training/ education of employees/advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. 6
Option 2 - Twenty year TermOption 2 - Twenty year Term
Arun buys ICICI Pru CashBak with Sum Assured of 10 lacs
Arun pays premium every year
4th Year
10% of SA1st payout = 1 lac
8th year
15% of SA2nd payout = 1.5 lacs
12th year
20% of SA3rd payout = 2 lacs
16th year
25% of SA4th payout = 2.5 lacs
20th year
Payout: 50% of SA + GA + VB
Rs. 5 lacs + VB + GA
Strictly for internal circulation and/or for training/ education of employees/advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. 7
Survival BenefitsSurvival Benefits
Policy Term(15 year Term)
BenefitsPolicy Term
(15 year Term)
3 10% of SA 4
6 15% of SA 8
9 20% of SA 12
12 25% of SA 16
Liquidity at regular intervals to take care of Arun’s short term needs
Strictly for internal circulation and/or for training/ education of employees/advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. 8
How ICICI Pru CashBak can help?How ICICI Pru CashBak can help?
At the end of 15 or 20 year Term
50% of SAGA @ 3.5% (Compounded annually for first 4 years)
Vested bonuses
Maturity Benefit
To take care of Arun’s long term needs
Strictly for internal circulation and/or for training/ education of employees/advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. 9
In case of Arun’s unfortunate untimely death
ProtectionProtection
On death of the Life Assured, the beneficiary will get the full Sum Assured, the guaranteed additions and the vested bonuses, irrespective of the survival benefits already paid
Strictly for internal circulation and/or for training/ education of employees/advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. 10
RidersRiders
Additional protection at nominal cost
ADBR (Accidental Death & Disability Benefit Rider)
ABR(Accident Benefit Rider)
Critical Illness Rider (Accelerated)
Strictly for internal circulation and/or for training/ education of employees/advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. 11
RidersRiders
Death due to Accident 100% of ADBR Sum Assured is paid immediately
Death due to Accident in Land Mass Public transport
200% of ADBR Sum Assured is paid immediately
Total & permanent disability due to accident 10% of ADBR Sum Assured is paid every year for
the next 10 years
ADBR (Accidental Death & Disability Benefit Rider)
Strictly for internal circulation and/or for training/ education of employees/advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. 12
If the Life Assured is diagnosed with any of the specified illnesses, then the Life Assured is paid the rider Sum Assured
In case of death due to Accident100% of ABR Sum Assured is paid immediately
RidersRiders
ABR(Accident Benefit Rider)
Critical Illness Rider (Accelerated)
Strictly for internal circulation and/or for training/ education of employees/advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. 13
Policy surrenderPolicy surrender
Policy acquires a surrender value after 3 premium years.
The guaranteed surrender value is 35% of {All premiums paid – (first year’s premiums + rider premiums + extra premiums)}
Strictly for internal circulation and/or for training/ education of employees/advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. 14
Tax Benefits Tax Benefits
For premiums paid u/s 80 C and for Maturity/
Death Benefit/ Withdrawals received
will be tax free u/s 10(10D)
Strictly for internal circulation and/or for training/ education of employees/advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. 15
Minimum Sum Assured Rs 75,000 (Seventy Five Thousand)
Maximum Sum Assured Rs 1,00,00,000 (One Crore)
Min/max Age at Entry 16 / 55 Years
Maximum Maturity Age 70 Years
Term 15 Years & 20 Years
Premium Payment Frequencies
Yearly, Half-yearly and Monthly
Minimum Premium Rs 12000 p.a.
ICICI Pru CashBak – At a glanceICICI Pru CashBak – At a glance
* To know more about the product, please refer to the product brochure
Strictly for internal circulation and/or for training/ education of employees/advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. 16
Death Benefit During The Term Of The Policy
Sum Assured + Guaranteed Additions at 3.5% Compounded Annually (for the first 4 years) + Vested Bonuses (if any)
Survival Benefit (15 Years Plan / 20 Years Plan)
3rd Year / 4th Year = 10% of Sum Assured
6th Year / 8th Year = 15% of Sum Assured
9th Year / 12th Year = 20% of Sum Assured
12th Year / 16th Year = 25% of Sum Assured
15th Year / 20th Year = 50% of Sum Assured + Guaranteed Additions at 3.5% compounded annually (for the first 4 years) + Vested Bonuses (If Any)
Total = 120%
Maturity Benefits50% of Sum Assured + Guaranteed Additions at 3.5% compounded annually (for the first 4 years) + Vested Bonuses (If Any)
Riders Allowed
Accident & Disability Benefit Rider (ADBR)
Accident Benefit Rider (ABR)
Critical Illness Benefit Rider (Accelerated) – CIBR
ICICI Pru CashBak – BenefitsICICI Pru CashBak – Benefits