ICICI Prudential Life Insurance has launched the ICICI Pru GIFT Pro, an innovative income plan that offers increasing or fixed income for up to 30 years. The plan is designed to provide regular income along with lump sum benefits, allowing customers to choose the amount and timing of the lump sum benefit as per their needs. The non-participating savings product ensures financial security for families.
ICICI Pru GIFT Pro allows customers to customize the product to their unique needs by providing income benefits and premium payment terms. Customers can choose any amount up to 100% of the premiums paid as a lump sum benefit and select the timing of receiving the benefit.
This feature also ensures the nominee will continue to receive the income in case of the policyholder’s death during the income period. The premium payment terms range from 5 to 12 years, and from the 8th year onwards, customers can start receiving income for up to 30 years.Mr. Amit Palta, Chief Distribution Officer, ICICI Prudential Life Insurance said, “We are excited to introduce ICICI Pru GIFT Pro, a long-term savings product with built-in flexibilities that will allow customers to adjust the product to suit their unique needs.”
