ICICI Prudential Money Back Plan Review
ICICI Prudential Money Back Plan is offered by the ICICI Prudential Life Insurance Company. Money Back Plan means the insured gets a percentage of sum assured at periodic intervals. Some of the plans provide the bulge sum amount at the end of the policy term. This ICICI Guaranteed Cash Advantage Plan also provides the maturity sum assured, on the death of insured. To fulfill your family desires, this Money Back Plan will provide the sum assured at regular intervals. This Life Money Back Plan offers the money for important/special occasions such as starting a business, a family vacation, even owning that dream house, saving for your children’s education, developing their career, Parents Medical Expenses, and planning for their wedding. It is an endowment plan that has a benefit of liquidity. So, buy this ICICI Prudential Money Back Plan to avail benefits. Visit the official website of ICICI Pru Life to purchase this policy through online.
To achieve your financial goals, ICICI Guaranteed Cash Benefits will help the policyholder by giving 100% sum assured benefits. There is an advantage of choosing your premium. The premium will be calculated based on the Age, Premium Payment Mode, Policy Term, Basic Sum Assured.
ICICI Prudential Money Back Plan is a unique savings and protection oriented plan which gives the guaranteed amount for 10 years. And guaranteed maturity sum assured is also given by the company. On the death of the insured person, it gives financial security to his family. On the death of insured, the nominee will get the sum assured and other guaranteed additional benefits. The policyholder can also save tax as per the premiums paid and the income received in installments are extant tax laws. For more information refer www.taxqueries.in
ICICI Money Back Plans Benefits
ICICI Pru offers the best policies with a broad range of benefits for you and your family. For ICICI Pru Life Money Back Plans, there are salient features, benefits that mentioned below. ICICI Prudential Money Back Plan offers customized policy that can enclose almost any need that you might have.
ICICI Cash Back Plans Benefits
- Death Benefit: The sum assured on death is equal to sum assured plus accrued Guaranteed Additions and Bonuses and Minimum death benefit.
- Death Benefit = Maximum (A, B, C).
- Where, A = Sum Assured plus accrued Guaranteed Additions and Bonuses.
- B = GMB plus accrued Guaranteed Additions and Bonuses.
- C = Minimum Death Benefit.
- Bonuses consist of vested reversionary bonuses, terminal bonus, and in term bonus.
- Maturity Benefit: Bulge sum of maturity with 100% sum assured plus bonus.
Maturity Benefit = Guaranteed Maturity Benefit (GMB) + Accrued Guaranteed Additions + vested reversionary bonuses, if any + terminal bonus, if any.
- Cash Benefit: Guaranteed Cash Benefit (GCB) is given in advance. It depends on the premium payment mode of installments. GCB is a percentage of the Guaranteed Maturity Benefit (GMB) and depends on cash benefits mode as shown below.
Cash Benefits Mode
|Guaranteed Cash Benefit|
|Monthly||1% of GMB|
|Annual||11.5 of GMB|
- Tax Benefit: You can get tax benefit on ICICI Prudential Money Back Plan for premiums paid under section 80(80C) as per IT (Income Tax) Act for the death benefit received by the insured family members. For more information refer www.taxqueries.in
As per the plan adopted, ICICI Prudential Money Back Plan benefits are varied.
ICICI Life Money Back Plans
ICICI Pru Life Insurance Company provides the best and all types of ICICI Prudential Money Back Plans. They give the guaranteed additional benefits and eligibility criteria details in the ICICI Prudential Money Back Plan. The benefits are covered as per the plan opted. So please refer the ICICI Prulife Money Plans that were given below.
List of ICICI Prulife Money Back Plans
- ICICI Pru Cash Advantage.
- ICICI Pru Savings Suraksha.
Overview of ICICI Life Insurance Money Back Plans
ICICI Pru Cash Advantage has a unique savings and protection oriented plan which offers the guaranteed income for 10 years. And a guaranteed bulge sum of maturity along with bonuses. The premium paying terms are 5, 7, and 10 years. Guaranteed Cash Benefit is equal to 1% of GMB every month. ICICI Prudential Money Back Plan – Cash Advantage offers Cash Benefit along with Maturity Benefits and Death Benefits. Maturity benefit has additional bonuses. To know the additional bonuses and other benefits of this plan, visit the below link.
ICICI Pru Cash Advantage Plan
ICICI Pru Savings Suraksha policy is an ideal savings and protection oriented plan. ICICI Prudential Money Back Plan – Savings Suraksha offers you the flexibility to choose a premium payment option based on your needs. Along with Maturity Benefits, Death Benefits Guaranteed Additions and Reversionary bonus are available in this plan. For information regarding the ICICI Prudential Savings Suraksha Plan, Refer the link below.
ICICI Pru Savings Suraksha Plan
ICICI Prudential Life Insurance Contact Details
For any queries call to the ICICI Prudential Life Insurance Customer care. (Or) Visit the nearest branch of ICICI Prudential Life Insurance.
The Toll-Free Number is 1860 266 7766.
Telephone: +91 22 6193 0777 ( Outside India).
The official website of ICICI Prudential Life Insurance is www.iciciprulife.com.
ICICI Prudential email id is email@example.com.
ICICI Prudential Money Back Plan Related Posts
We are providing the ICICI Prudential Money Back Plan related posts Here. Click the below links to know the details about the ICICI Prudential Online Payment, ICICI Prudential Money Back Plan Premium Calculator, ICICI Prudential Life Money Back Claim Forms, and Documents.