ICICI Pru GIFT Pro is an innovative income plan offering year-on-year increasing or constant regular income, with life cover for financial security. This non-participating savings product ensures family financial security. ICICI Pru GIFT Pro allows customers to customise the product to their unique needs by providing a choice of income benefits and premium payment terms, among other flexibilities.
ICICI Pru GIFT Pro provides customers with long-term income assurance and the option to receive a lump sum benefit. Customers can choose up to 100% of the premiums paid as a lump sum benefit and select the timing of receiving the benefit. This feature allows customers to plan for life’s milestones, such as owning a house, leaving a lasting legacy, or building a retirement corpus.
The feature ensures the nominee will continue receiving income in case of the policyholder’s death during the income period. ICICI Pru GIFT Pro offers premium payment terms ranging from 5 to 12 years, and from the 8th year onwards, they can start receiving income for up to 30 years. Mr. Amit Palta, Chief Distribution Officer, ICICI Prudential Life Insurance said, “Besides the life cover component in the product provides financial security to the family.
