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ICICI Pru GIFT Pro is a non-linked, non-participating individual life insurance savings product designed to provide life cover and guaranteed income. Policyholders can select an income option suited to their future financial goals, subject to the policy terms.
Choose level or increasing guaranteed income, with flexible MoneyBack options and life cover.
The plan may suit people looking for a structured income stream and life cover rather than market-linked returns. Its main strengths are the choice between level and increasing income, flexible MoneyBack Benefit options and different income periods. Buyers should compare the premium commitment, policy term, income start date, surrender conditions and total benefits in the official benefit illustration before purchasing.
ICICI Prudential Life
Key Insights
Founded
2000
ICICI Prudential Life was established 26 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.3% CSR, calculated as a 3-year average
ICICI Prudential Life settles 99.3% of all claims it receives, demonstrating strong credibility.
Contact Details
1860-266-7766
Headquarters: Prulife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai, Maharashtra 400025, India.
Provides a death benefit during the policy term as defined in the policy wording.
The payable amount is determined by the policy formula and conditions.
Choose level income or increasing income, subject to the selected policy option.
Benefits are payable subject to policy terms and due premiums.
Choose an eligible MoneyBack Benefit percentage and payout timing at policy inception.
Available choices and limits are governed by the product version and policy terms.
Select from eligible income periods ranging from 5 to 30 years.
Availability depends on the chosen premium payment term and policy term.
Premiums may be paid annually, half-yearly or monthly.
Modal loadings may apply to non-annual payment frequencies.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
ICICI Prudential Life plans and claim process
It is a non-linked, non-participating individual life insurance savings product that combines life cover with guaranteed income benefits, subject to policy conditions.
The official product leaflet lists a minimum annual premium of ₹50,000. Taxes and other applicable charges may be extra.
The plan offers level or increasing guaranteed income options. The selected option and income period are governed by the policy terms.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official ICICI Prudential Life website before purchasing.
Official Website
iciciprulife.com
Visit the official ICICI Prudential Life website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
Yes. It provides life cover and a death benefit as defined in the policy wording.
The plan provides eligible MoneyBack Benefit options. The percentage and timing must follow the choices and conditions available under the policy.
The product is described as non-linked, so its benefits are not directly linked to market performance. Guaranteed benefits remain subject to the policy terms.
A surrender benefit may be available under the policy conditions. Review the official surrender-value rules before making a decision.
The policy may become paid-up or lapse depending on the premiums paid and applicable policy conditions. Check the policy wording for the consequences.
The product leaflet lists income-period options up to 30 years, subject to the chosen policy combination.
Tax treatment depends on prevailing tax laws and individual eligibility. Consult a qualified tax adviser for your circumstances.