strictly for internal circulation and/or for training/ education of employees/advisors/ corporate...

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…


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.


Marriage

Lifestage – recently marriedLifestage – recently married

Ensuring lifestyle of family


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


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


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


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


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


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


RidersRiders

Additional protection at nominal cost

ADBR (Accidental Death & Disability Benefit Rider)

ABR(Accident Benefit Rider)

Critical Illness Rider (Accelerated)


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)


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)


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)}


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)


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


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



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

strictly for internal circulation and/or for training/ education of employees/advisors/ corporate...

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