Personalised proposal for securing your
Guaranteed Income Needs
with
A Non-Participating Non-Linked
Life Individual Savings Insurance Plan
Dear SWAPNA K,
Congratulations for securing the future of your loved ones with guaranteed income and a
life insurance cover.
Kindly go through the quote details below and connect with your advisor to purchase
this plan.
Life Insurance Guaranteed Regular
Cover Income
Key
Features
Flexible Options Loan against policy
Snapshot of the plan
Details of Life Assured (person covered under the policy)
Name Age Gender
SWAPNA K 41 Female
Guaranteed Income every year for 19 years +
100% of total premiums payable as Maturity Benefit ` 9,76,080/-
Last Income: ` 52,149/-
Feb 2045
First Income: ` 21,669/-
Feb 2027
............................
Feb 2025 Feb 2034 Maturity Benefit
Feb 2045
Monthly premium of ` 8,500/- for 10 years
Benefits in detail
Your life insurance cover will be ₹ 9,76,080/- for 20 years i.e. till Feb 2045
Receive yearly Receive 100% of total
guaranteed income of premiums payable which
₹ 21,669/- during first year. amounts to
This income will increase by ₹ 9,76,080/- in
5% compound interest every Feb 2045
year. In last year your
yearly guaranteed income
will be ₹ 52,149/-
#
CashBack amount is payable on policy issuance and realization of
first premium. CashBack is applicable only for first year.
*This is the minimum life insurance cover available under the product
Total Income received Total Income received Total Income received
in 1st income year in 2nd income year in 3rd income year
……. and
₹ 21,669/- ₹ 22,752/- ₹ 23,890/- so on
+5% p.a +5% p.a
Total Guaranteed Benefits
Total Guaranteed Income Maturity Benefit
₹ 16,37,830/-
Additional Flexibilities
Loan on Flexibility to
Policy postpone income
In case of any immediate In case you do not have an
financial requirement, you immediate need for income,
can avail a loan on your you can postpone your
policy within 24 hours at a incomes. You will earn
competitive interest rate. interest on these
postponed incomes.
Please refer sales brochure for more information on flexibilities.
Premium Details Payment Term Premium Amount
Premium to be paid every month 10 years ₹ 8,500/-
Detailed break-up of premium and years
Monthly Applicable Total Monthly
Duration
Premium taxes Premium
Monthly Premium During 1st year ₹ 8,500/- ₹ 384/- ₹ 8,884/-
From 2nd year onwards, applicable taxes will be ₹ 192/-
Why choose us:
₹ 9.84 Cr ₹ 2.87 Lakh Cr ₹ 3.08 Lakh Cr Quick claim Tax Saving
Lives covered Benefits paid Assets under settlement settlement
as on till management process process
June 30, 2024 June 30, 2024 as on available available
June 30, 2024
Please Note:
The Income mentioned here is an indicative amount based on the date on which you applied for this policy. The exact income will be as per the date of issuance of your
policy and is specified in the Policy Schedule attached in your welcome kit.
Tax benefits as per prevailing tax laws.
ICICI Prudential Life Insurance Company. IRDAI Regn No. 105. CIN:L66010MH2000PLC127837. ICICI Prudential Life Insurance Company Limited.
Registered Address: 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025.. For more details on the risk factors, terms & conditions, please read the policy
document. ICICI Pru GIFT Select, UIN: 105N223V01 . COMP/DOC/Jan/2025/211/8168
Benefit Illustration of ICICI Pru GIFT Select
Name of Prospect/Policyholder : Mrs. SWAPNA K Name of the Product : ICICI Pru GIFT Select
Age of the Policyholder at policy : 11-Jul-1983 (41 years) Tag Line : A Non-Participating
inception Non-Linked Life Individual
Savings Insurance Plan
Gender of the Policyholder : FEMALE
Name of the Life Assured : Mrs. SWAPNA K Unique Identification No. : 105N223V01
Age of the Life Assured at inception : 11-Jul-1983 (41 years) GST Rate for Year 1 : 4.50%
Gender of the Life Assured : FEMALE GST Rate For Year 2 Onwards : 2.25%
Policy Term : 20 years Sales Channel : Agency
Premium Payment Term : 10 years
Annualized Premium (without GST) : Rs. 97,608/-
Mode of payment of premium : Monthly
This benefit illustration is intended to show year – wise premiums payable and benefits under the Policy.
Policy Details
Plan Option Increasing Income Sum Assured on Maturity (Guaranteed Maturity Benefit) Rs. 976,080/-
Guaranteed Income start year Year 2 Sum Assured on Death (at inception of the policy) Rs. 976,080/-
Option of Low Cover Income No
Booster chosen
Premium Summary
Base Plan Total Instalment Premium
Instalment Premium without GST Rs. 8,500/- Rs. 8,500/-
Instalment Premium with First Year GST Rs. 8,884/- Rs. 8,884/-
Instalment Premium with GST 2nd Year Onwards Rs. 8,692/- Rs. 8,692/-
Summary of Guaranteed Survival Benefits payable over the course of the Policy Term
Instalment Guaranteed Income as per frequency chosen by you During year 1: Rs. 21,669 Instant Cashback Benefit Rs. 0/-
During last year: Rs. 52,149
Frequency of Guaranteed Income Annual (arrear) Total Guaranteed Survival Benefit Rs. 661,750/-
payable
Guaranteed Income payable in a year During year 1: Rs. 21,669 Income term (in years) 19 years
During last year: Rs. 52,149
Policy Annualized Guaranteed Benefits Non-Guaranteed Benefits
year premium
Instant Guaranteed Maturity Benefit Minimum Death Guaranteed Death Benefit Special Surrender
CashBack Income Benefit Surrender Value Higher of (6, 9) Surrender Value Benefit Higher of
Benefit (7, 9)
1 2 3 4 5 6 7 8 9 10
1 97,608 0 0 0 976,080 15,300 976,080 55,311 55,311
2 97,608 0 21,669 0 976,080 61,200 976,080 102,687 102,687
3 97,608 0 22,752 0 976,080 85,431 976,080 154,600 154,600
4 97,608 0 23,890 0 976,080 159,579 976,080 213,919 213,919
5 97,608 0 25,085 0 976,080 186,689 976,080 281,491 281,491
6 97,608 0 26,339 0 976,080 212,604 976,080 358,246 358,246
7 97,608 0 27,656 0 976,080 237,265 976,080 445,222 445,222
8 97,608 0 29,039 0 976,080 287,782 976,080 543,560 543,560
9 97,608 0 30,490 0 976,080 343,801 976,080 654,538 654,538
10 97,608 0 32,015 0 1,071,000 405,080 1,071,000 779,559 779,559
11 0 0 33,616 0 1,071,000 407,031 1,071,000 804,005 804,005
12 0 0 35,297 0 1,071,000 407,483 1,071,000 828,608 828,608
13 0 0 37,061 0 1,071,000 406,152 1,071,000 853,302 853,302
14 0 0 38,914 0 1,071,000 403,057 1,071,000 878,025 878,025
15 0 0 40,860 0 1,071,000 398,211 1,071,000 902,688 902,688
16 0 0 42,903 0 1,071,000 391,317 1,071,000 927,231 927,231
17 0 0 45,048 0 1,071,000 382,380 1,071,000 951,537 951,537
18 0 0 47,301 0 1,071,000 371,400 1,071,000 975,507 975,507
19 0 0 49,666 0 1,071,000 358,065 1,071,000 999,022 999,022
20 0 0 52,149 976,080 1,071,000 308,399 1,071,000 1,021,940 1,021,940
Note: Annualized Premium excludes underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any,
and Goods & Service Tax, if any.
Important points to note:
1. In case 'Instant CashBack Benefit' is opted, the said amount will be paid post issuance of the policy, subject to realisation of the first year's premium
by the company. In case, free look-in is exercised or policy is cancelled for whatsoever reason, any amount paid out as Instant CashBack will be
recovered from the cancellation refund amount.
2. The Guaranteed Income benefits are payable as per the frequency chosen and from the policy year chosen at inception. The payments will continue
to be paid on the due date(s) as applicable till the last policy year, provided the Life Assured is alive. The payments will stop once the policy matures.
3. At any point during the income term, you will have the option to accumulate the accrued Guaranteed Income Benefits and withdraw the accumulated
balance partly / fully any time during the contract. If not withdrawn earlier, any balance left will be paid out along with death, surrender or maturity
payment, whichever happens first. For more details, please refer to the policy document.
4. The Surrender Value (benefit amount payable on policy surrender) and Death Benefit (benefit amount payable on death of the Life Assured)
mentioned above are illustrated assuming that the event occurs during the last month of the respective policy year before the payment of any
guaranteed income benefit due in that policy month. The surrender values may be different than those illustrated above if surrender takes place
before or after receipt of the due guaranteed income benefit during the policy month or if all the instalment premiums payable in that policy year have
not been paid. The Special Surrender Value is not guaranteed and may be revised depending on prevailing market conditions.
5. The Maturity Benefit is payable at the end of the policy term. Post payment of this benefit, the policy terminates and no further benefit is payable.
6. Please refer to your sales brochure and policy document for more details. In case of any discrepancy between this document and policy document,
the latter shall prevail.
7. For any further clarifications, policyholder can contact their advisor or the Company.
I, __________________________________(Name), have explained I, ______________________________(Name), having received the
the premiums, and benefits under the policy fully to the information with respect to the above, have understood the
prospect / policyholder. above statement before entering into the contract.
Place : Place :
Date : Signature of Agent / Intermediary / Official Date: Signature of Prospect / Policyholder
ICICI Prudential Life Insurance Company Limited.
1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025
Email: lifeline@iciciprulife.com
www.iciciprulife.com
CUSTOMER INFORMATION SHEET/KNOW YOUR POLICY
This document provides key information about your policy. You are also advised to
go through your policy document.
Sl Title Description Policy Clause
No Number
(Please refer to applicable Policy Clause
Number in next column)
1 Name of Insurance Policy schedule
ICICI Pru GIFT Select
Product and Unique
Identification Number UIN: 105N223V01
(UIN)
2 Policy number Policy schedule
3 Type of Insurance A Non-Participating Non-Linked Life Individual Policy schedule
Policy Savings Insurance Plan
4 Basic Policy details Sum Assured on Death (at inception of Policy schedule
the policy) (in ₹): 9,76,080/-
Instalment Premium(in ₹) : 8,500/-
Premium Payment frequency: Monthly
Premium payment term : 10 years
Policy term: 20 years
5 Policy Benefits payable on maturity- Part C, Clause
Coverage/benefits For a fully paid policy, on survival of the Life 1,2,3,5
payable Assured until the Date of Maturity, Guaranteed
Maturity Benefit (if applicable and chosen) is Part D ,Clause 2
payable to You. Upon payment of this benefit,
the policy shall terminate with all rights and
benefits thereunder.
For more information, refer to Part C , Clause 3
of policy document.
Benefits payable on death-
Upon death of the Life Assured during the
Policy Term, for a Premium paying or Fully paid
policy, Death Benefit payable to the Claimant
shall be the highest of:
a. Sum Assured on Death
b. 105% of Total Premiums Paid up to the
date of death, and
c. Surrender Value payable as on date of
death
For more information, refer to Part C , Clause 1
of policy document.
Surrender benefits-
You may surrender the Policy anytime after
payment of at least one full Policy Years’
Premium. Prior to receipt of one full year’s
premium, no Surrender Value is payable.
On Policy Surrender, we will pay the Surrender
Value equal to the higher of the following:
a. Guaranteed Surrender Value (GSV)
b. Special Surrender Value (SSV)
For more information related to surrender, refer
to Part D, Clause 2 of policy document.
Survival Benefits excluding that payable on
maturity-
There are two types of Survival Benefits offered
under the policy – Guaranteed Income (GI) and
Instant CashBack Benefit. Instant CashBack
Benefit shall be payable only if specifically
opted by You .The Survival Benefits shall be
payable to You only for an In-force Policy
For more information, refer to Part C , Clause 2
of policy document.
Options to policyholders for availing benefits, if
any, covered under the policy-
Flexi Save Benefit is also available.. This benefit
is only applicable if opted by you
For more information, refer to Part C , Clause
5 of policy document.
Other benefits/options payable, specific to the
policy, if any- Not applicable.
6 Options available (in
case of Linked Not applicable
Insurance Products)
7 Option available (in Not applicable
case of Annuity
product)
8 Riders opted, if any Rider schedule
Not Applicable
and Policy
schedule
9 Exclusions (events Suicide: In case of death due to suicide within Part F, Clause
where insurance 12 months from the date of commencement of 11
coverage is not risk under the policy or from the date of revival
payable), if any of the policy, as applicable, the Claimant shall
be entitled to 80% of the Total Premiums Paid
till the date of death or the Surrender Value
available as on the date of death whichever is
higher, provided the Policy is in force.
For more information, refer to Part F, Clause 11
of policy document
10 Waiting /lien Period, if Not Applicable
any
11 Grace Period 15 days-For monthly frequency of premium Part C-Clause 7
payment
30 days- For other frequencies of premium
payment
For more information, refer to Part C, Clause 7
of policy document
12 Free Look Period 30 days Part D -Clause
1
For more information, refer to Part D, Clause 1
of policy document
13 Lapse, paid-up and Lapse: The Policy shall lapse with all benefits Part D -Clause
revival of the Policy and the insurance cover shall cease, if 3,5,6
premium payment is discontinued before at
least one full years’ premium is paid. No
benefits are payable under a lapsed policy. If
the policy is not revived within the Revival
Period, then the policy shall foreclose and all
rights and benefits under the policy shall stand
extinguished.
For more details, refer to Part D, Clause 6 of
policy document
Paid up: If Premium payment is not made
within the grace period any time after at least
one full years’ premium is paid, the Policy shall
continue as a Paid-up Policy with reduced
benefits
For more details, refer to Part D, Clause 3 of
policy document
Revival:
A Policy which has discontinued payment of
Premium may be revived subject to Board
Approved Underwriting Policy and certain
conditions. The application for revival is made
within 5 years from the due date of the first
unpaid premium and before the Date of
Maturity. Revival will be based on the
prevailing Board approved underwriting
policy.
For more details, refer to Part D, Clause 5 of
policy document
14 Policy Loan, if Loans are available provided a positive Part D -Clause
applicable Surrender Value is payable under the Policy 4
at the time of disbursement of the same.
Loan amount of up to 80% of Surrender Value
can be availed.
For more information, refer to Part D, Clause 4
of policy document
15 Claims/Claims Turn around Time – For TAT details for death Part F, Clause
Procedure claim refer to 10
https://www.iciciprulife.com/contact-us/our-
services-turn-around-times.html
For any assistance on Claims, you can call Us
on 18002660 (for calls within India) or +91
8069385555 (for calls outside India). You can
also register a health or a death claim by
sending us an email at
claimsupport@iciciprulife.com
The claim form can be downloaded from the
following links:
Digital Claim Form Link:
https://buy.iciciprulife.com/buy/Claim-
Intimation.htm?execution=e2s1
Physical Claim Form Link:
https://www.iciciprulife.com/insurance-
library/life-insurance-claims-related-
faqs.html#linked_content
For information on documents required to
process claims, please refer to the policy
document (Part F, Clause 10) under the
section ‘Specimen Policy Document’ available
on our website at
https://www.iciciprulife.com/services/downloa
d-centre.html
16 Policy Servicing Turn around Time – For TAT details for policy Part G
servicing - refer to
https://www.iciciprulife.com/contact-us/our-
services-turn-around-times.html
For any clarification or assistance, You may
contact Our advisor or call Our customer
service representative (between 10.00 a.m. to
7.00 p.m, Monday to Saturday; excluding
national holidays) on 18002660 or visit Our
website: www.iciciprulife.com.
Alternatively, You may communicate with Us
at any of our branches or the customer service
helpline number 18002660 or email at
lifeline@iciciprulife.com. For updated contact
details, We request You to regularly check Our
website.
17 Grievances /Complaints 1. You may write to gro by visiting the Part G
grievance redressal page of our website:
https://www.iciciprulife.com/services/griev
ance-redressal.html. Alternatively, you can
contact the Grievance redressal officer at
our branches or write to us at
gro@iciciprulife.com
2. https://www.iciciprulife.com/services/griev
ance-redressal.html
3. Kindly refer the Insurance Ombudsman
details under part G under the ‘Specimen
Policy Document’ available at Download
Centre | ICICI Prulife . This is subject to
change from time to time
Additionally, the contact details of
Ombudsman can be accessed through
https://www.cioins.co.in/Ombudsman
Note: In case of any conflict, the terms and conditions mentioned in the policy
document shall prevail.
Declaration by the Policyholder
I have read the above and confirm having noted the details.
Place:
Date:
(Signature of the Policyholder)
