Home > Insurance > ICICI Prudential Insurance > ICICI Premium Guarantee Plans >

InvestShield Life New

ICICI Prudential has brought for you a one of its kind insurance plan where in the policyholder has the chance of enjoying the potentially higher returns of a market linked instrument. The underlying investment fund in InvestShield Life has up to 40% investment in equities and other related securities.

InvestShiled Life is a downside protected plan and this is so because it ensures that in case of the market returns being negative, the sum of all the premiums paid is to be returned to the policyholder when the plan will mature.

Not only this, the insurer also gets a life insurance cover for protecting his/her family against the financial implications in case of his/her death.

Policy at a Glance:

Minimum/Maximum Entry Age - 0-65 years
Maximum Age of Maturity -0 years and 75 years
Minimum/Maximum Term - 10-30 years
Minimum Premium -Rs 8000 per annum
Maximum Age -80 years
Tax Benefit - Premium paid for the policy will be eligible for tax benefit under Sec. 80C. Any amount paid to you will be eligible for tax benefits under Sec. 10 (10D) as per prevailing Income Tax laws.

Features and benefits of Immediate Annuity

Premium Guarantee: Sum of all premiums paid is guaranteed on maturity of the policy or death of the policyholder. This value is referred to as Guaranteed Value. The Guaranteed value will come into play only if all the premiums due from the policyholder have been paid.
Maturity Benefit: On completion of term of the policy, the higher of the fund value or guaranteed value is paid to the policyholder
Death Benefit: On death of the policyholder, Sum Assured PLUS higher of fund value or guaranteed value at the time of death, will be paid out to the nominee of the life assured.
Tax Benefits: The premiums paid towards this policy are eligible for tax deductions u/s 80 C. Maturity proceeds and death benefits are eligible for tax exemption u/s 10 (10 d) as per prevailing tax laws.