ICICI Pru Life Raksha

ICICI Pru
Life Raksha
A Term Insurance Plan

Why is ICICI Pru Life Raksha special?

Secure your loved ones even in your absence
You care for your family and wish to fulfill their needs. But life is uncertain. You would want that the needs of your loved ones are provided for in your absence. Presenting ICICI Pru Life Raksha, a plan that provides you and your family complete protection. Under this plan, in case of any unfortunate event during the policy term, your family receives a lump sum that will take care of their financial needs.

How much money will my loved ones receive in my absence?
In case of an unforeseen event during the policy term, the higher of the following will be paid to your family:

1. A fixed, minimum amount called Sum Assured

2. An amount equal to 10 times the annual premium*

3. 105% of the total premiums paid

*Excluding applicable premium payment frequency loading, if any, and taxes. Premium payment frequency loading is an extra charge that is added to your base premium when you choose to pay your premiums on a monthly basis.

Get tax benefits
With this plan, you can reduce your taxable income by paying up to Rs. 1.5 lakh as premium under Section 80C. This will help you save tax. What's more, the amount received on death is also tax free*.

*Tax benefits under the policy are subject to conditions under Section 80C, 10(10D) and other provisions of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time.

Product Snapshot
Securing the future of your family, their comfort and happiness has always been your priority. You would want them to be protected even when you are not around.

ICICI Pru Life Raksha plan takes care of this need to secure the future of your family. With this plan, in case of an unfortunate event, your loved ones are given a lump sum amount to help manage their regular expenses.

Product Information

Product at a Glance - ICICI Pru Life Raksha

Details

How many years do I have to pay premium for?
You have to pay the premiums throughout the policy term.

How long does the policy last?
The policy lasts for 5 years.

How much money will my loved ones receive in my absence?
Your family will receive a minimum Sum Assured# of Rs. 50,000 or a maximum of Rs. 5,00,000.

How much premium can I pay?
Your premium amount depends on the Sum Assured and your age.

At what age can I start this plan?
The minimum age of entry in this plan is 18 years and the maximum age should not exceed 60 years.

Can I pay the premium yearly, half-yearly or monthly?
Yes, you can choose to pay your premiums yearly, half-yearly or monthly.

If you choose to pay your premiums monthly, there is a premium loading* of 5%. There is no premium loading if you choose to pay your premiums by direct debit^.

*Premium loading is an extra charge that is added to your base premium for choosing the monthly premium payment mode.
^Direct Debit is a service that can be availed by giving instructions to your bank to automatically pay premiums to the insurance company on a date decided by you.
#Sum Assured is the fixed minimum amount that your nominee receives in your absence.
ICICI Pru Life Raksha

Benefit Illustrator