¹Assured Income is guaranteed to be paid for the income term chosen, provided all due premiums have been

paid. 1Conditions apply.

 Understanding your needs

You always want to ensure the well-being of your loved ones even if
you are not around. At the same time, you also want to enjoy life to the
fullest and ensure that all non-negotiable goals are taken care of. For
this, you need to have assurance of a life cover to protect your loved
ones in case of any uncertainties and also plan for various life goals
like marriage, parenthood, children's education or a peaceful
retirement. A life insurance cover helps in ensuring peace of mind by
taking care of all these goals.
Keeping this in mind, we present ICICI Pru Guaranteed Income For
Tomorrow (Long-term). A protection and savings oriented life
insurance plan which helps you build a safety net to provide financial
~
protection to your family along with guaranteed benefits to help you
achieve your life goals.

~Guaranteed benefits are payable subject to all due premiums being paid.
 What makes
ICICI Pru Guaranteed Income For Tomorrow (Long-term)
suitable for you?

~
Life insurance cover Guaranteed income
for financial security for 15/20/25/30 years to
of your family help you save for your goals

Choice of four plan options-

1. Income 3. Assured Income and
2. Income with 110% ROP 4. Assured Income with 110% ROP
(return of premium) (return of premium)

Tax benefits may be

applicable on premiums Option of taking loan
paid and benefits received against policy to help you in
as per the prevailing tax laws case of financial emergencies

~Guaranteed benefits are payable subject to all due premiums being paid.
 Plan at a glance

Premium Income Policy Minimum Maximum Min/Max Age

Plan Option Payment Term Period* Term Age at Entry Age at Entry at Maturity
(in years) (in years) (in years) (in years) (in years) (in years)

7 23, 28, 33, 38 23/98

Income
10 26, 31, 36, 41 26/101
0
Income 7 23, 28, 33, 38 23/98
with 110%
ROP# 10 26, 31, 36, 41 26/101

8 10 18/68
7
9 9 18/69

Assured 11 7 18/71
10
Income 15, 20, 12 6 18/72
60
25 or 30 13 5 18/73
12
14 4 18/74

8 10 18/68
7
9 9 18/69
Assured
Income 11 7 18/71
10
with 12 6 18/72
110% ROP
13 5 18/73
12
14 4 18/74

*For Income & Income with 110% ROP plan options,

Income Period starts one year after the completion of premium payment term and is included in the policy term.
For Assured Income & Assured Income with 110% ROP plan options, Income Period starts at the end of the policy term.
#
ROP: Return of premium
Goods and Services Tax are applicable on premiums as per the prevailing Tax Laws. The tax laws are subject to amendments from time to time.
T&C apply
 Minimum Annual Premium: `30,000
Maximum Annual Premium: Subject to Board Approved Underwriting Policy (BAUP)
Minimum Sum Assured on Death: `3,00,000
Maximum Sum Assured on Death: Subject to Board Approved Underwriting Policy (BAUP)
Premium Payment Frequency: Annual, Half-Yearly, Monthly
Premium and Benefits will vary depending upon the plan option chosen.

Boundary conditions for POS variant:

Premium Income Policy Minimum Maximum Min/Max Age

Plan Option Payment Term Period* Term Age at Entry Age at Entry at Maturity
(in years) (in years) (in years) (in years) (in years) (in years)

8 10 57
7
9 9 56

Assured 11 7 54
10
Income 12 6 53
13 5 52
12
15, 20, 14 4 51
18/65
25 or 30 8 10 57
7
9 9 56
Assured
Income 11 7 54
10
with 12 6 53
110% ROP
13 5 52
12
14 4 51

Minimum Annual Premium: `30,000

Maximum Annual Premium: `2,50,000
Minimum Sum Assured on Death: `3,00,000
Maximum Sum Assured on Death: `25,00,000
Premium Payment Frequency: Annual, Half-Yearly, Monthly
Premium and Benefits will vary depending upon the plan option chosen. T&C apply
 Benefits in detail

This policy comes with 4 different options. Read on to understand the benefits under each of
these options:

Plan Option 1: Income `

Under this plan option,
Ÿ You pay premiums for a certain period of time (known as the premium payment term) and
~
Ÿ One year after the completion of premium payment term, you get Guaranteed Income at the
end of every month/year for a certain period (known as the Income Period)
Ÿ In case of death of the person whose life is covered by this policy during the Income Period,
Death Benefit (detailed below) gets paid and the policy terminates.
You can choose the premium payment term and the Income Period as per the table below:
You can choose to You can choose to get
You get Guaranteed~ Income from
pay premiums for Guaranteed~ Income for
End of 9th year
7 years (for example, if your last premium is paid on Jan 15, 2028,
~
your Guaranteed Income will start from Jan 15, 2031)
15 or 20 or 25
or 30 years End of 12th year
10 years (for example, if your last premium is paid on Jan 15, 2031,
~
your Guaranteed Income will start from Jan 15, 2034)

Table-1
In the above examples the frequency of premium payment and Guaranteed~ Income is annual.
~
Guaranteed Income benefit (Survival Benefit):

Once you pay all your premiums, depending on the premium payment term and the Income
Period selected by you, you will receive a Guaranteed~ Income upon survival on the date of each
income payment. To understand this benefit in greater detail, let us take an example.
~Guaranteed benefits are payable subject to all due premiums being paid.
Illustration:

Smita is a 35 year old, paying an annual premium of ` 1 lakh in ICICI Pru Guaranteed Income For
Tomorrow (Long-term). She wants to create an a second income for herself so that she can
retire early.
The table below shows the Guaranteed~ Income that Smita will receive, for different
combinations of premium payment term and Income Period.

Pay for Income Period

15 years 20 years 25 years 30 years

7 years `94,092 `79,582 `71,305 `66,931

10 years `1,50,198 `1,27,932 `1,16,731 `1,08,624

Smita pays `1,00,000 p.a. for 10 years She gets a Guaranteed~ Income of
`1,08,624 every year for 30 years

Year 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 …… 38 39 40 41
Jan 15, 2022 Jan 15, 2031 Jan 15, 2034 Jan 15, 2063

Life cover throughout the policy term

Smita pays a total of `10,00,000^ Smita gets a total of `32,58,720

Goods and Services tax and cesses (if any) will be charged extra, as per applicable rates.
^

In this example, Smita receives Guaranteed~ Income on an annual basis which is equal to ` 1,08,624.

~Guaranteed benefits are payable subject to all due premiums being paid.
Smita also has the flexibility to receive this Guaranteed~ Income on a monthly basis.
If she chooses to receive this income every month, the amount will be multiplied by 98%. In this
case, the Guaranteed~ Income will be `1,06,452 for the whole year. She will receive
`1,06,452/12 = ` 8,871 every month for 30 years starting from Feb 15, 2033.
Save the Date: As we all want to save for the non-negotiable goals in life, we also want to
ensure that our savings are used for the intended cause. For the same, we also let you choose
any date like your spouse's birthdate or your anniversary date or any special date of your choice
to receive the Guaranteed~ Income if you have opted to take Guaranteed~ Income on an annual
basis. Please refer to Clause 6 & 7 under Terms & Conditions.
Death Benefit:

If the person whose life is covered by this policy (known as the Life Assured) passes away,
during the term of the policy, the insurance cover amount will be paid out as a lump sum to the
person specified (known as the Claimant) in the policy.
Death Benefit is highest of:
a. 10 X Annualized Premium
b. 105% of Total Premiums Paid up to the date of death
c. Annual Guaranteed Income X Death Benefit factor for Guaranteed Income
Where,
Ÿ Annualized Premium means the premium amount payable in a year chosen by the
policyholder, excluding the taxes, rider premiums, underwriting extra premiums and
loadings for modal premiums, if any.
Ÿ Total Premiums Paid means the total of all premiums received, excluding any extra premium,
any rider premium and taxes.
Death Benefit factors, applicable at the inception of the policy, are guaranteed throughout the
policy term and do not change for existing business.
The Death Benefit factors are derived such that there is a smooth progression of Death Benefit towards
Maturity Benefit. Any change in Death Benefit factors will be subject to prior approval from IRDAI.
On payment of Death Benefit to the claimant, the policy will terminate and all rights, benefits
and interests under the policy will stand extinguished.
For policies issued on minor's life, the date of commencement of risk will be the date of
commencement of the policy.
~Guaranteed benefits are payable subject to all due premiums being paid.
 Plan Option 2: Income with 110% ROP

You will receive Guaranteed~ Income for a certain period in arrears/ at the end of every
month/year similar to plan option 1 as defined above in Table 1.
Additionally, along with the last income instalment, you will get a Terminal Benefit equal to
110% of Total Premiums paid by you (Maturity Benefit) at the end of the policy term.
To understand this benefit in greater detail, let us take an example.
Illustration:

Let's say Smita from the earlier example now saves in Income with 110% ROP plan option. The
table below shows the Guaranteed~ Income and the benefit on maturity benefit that Smita will
receive, for different combinations of premium payment term and Income Period.

Income Period
Pay for Benefit on maturity
15 years 20 years 25 years 30 years

7 years `63,564 `61,079 `59,884 `59,246 `7,70,000

10 years `1,07,353 `1,01,956 `98,642 `96,358 `11,00,000

Smita pays `1,00,000 p.a. for 10 years She gets `11,00,000 at the end of 41st year
She gets a Guaranteed~ Income of
`96,358 every year for 30 years

Years 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14.……….... 38 39 40 41

Jan 15, 2022 Jan 15, 2031 Jan 15, 2034 Jan 15, 2063
Life cover throughout the policy term

Smita pays a total of `10,00,000^ She gets a total of `39,90,740

Goods and Services tax and cesses (if any) will be charged extra, as per applicable rates.
^

~Guaranteed benefits are payable subject to all due premiums being paid.
Just like the Income plan option, the following flexibility are available with Smita in this plan
option too:
a. Taking income in annual or monthly mode
b. Choosing Save the Date to receive Guaranteed~ Income on any special date.

Death Benefit:

If the person whose life is covered by this policy (known as the Life Assured) passes away,
during the term of the policy, the insurance cover amount will be paid out as a lump sum to the
person specified (known as the Claimant) in the policy.

Death Benefit is highest of:

a. 10 X Annualized Premium
b. 105% of Total Premiums Paid up to the date of death
c. Annual Guaranteed Income X Death Benefit factor for Guaranteed Income + Terminal
Benefit X Death Benefit factor for Terminal Benefit
Death Benefit factors, applicable at the inception of the policy, are guaranteed throughout the
policy term and do not change for existing business.
The Death Benefit factors are derived such that there is a smooth progression of Death Benefit
towards Maturity Benefit. Any change in Death Benefit factors will be subject to prior approval
from IRDAI.
On payment of Death Benefit to the claimant, the policy will terminate and all rights, benefits
and interests under the policy will stand extinguished.
For policies issued on minor's life, the date of commencement of risk will be the date of
commencement of the policy.

~Guaranteed benefits are payable subject to all due premiums being paid.
 Plan Option 3: Assured Income `
Under this plan option,
Ÿ You pay premiums for a certain period of time (known as the premium payment term) and
Ÿ After the completion of policy term, you get Guaranteed Income at the end of every
month/year for a certain period (known as the Income Period)
Ÿ In case of death of the person whose life is covered by this policy during the Income Period,
the Claimant continues to receive the Income (as detailed below under “Death Benefit”
section).
You can choose the premium payment term, policy term and the Income Period as per the table below:

You can choose You can choose You can choose

to pay to save to get Guaranteed You get Guaranteed~ Income from
premiums for in the policy for Income for

End of 9th year

7 years 8 years (for example, if your last premium is paid
~
on Jan 15, 2028, your Guaranteed Income will
start from Jan 15, 2031)

End of 10th year

7 years 9 years (for example, if your last premium is paid
~
on Jan 15, 2028, your Guaranteed Income will
start from Jan 15, 2032)
15 or 20 or
25 or 30 years
End of 12th year
(for example, if your last premium is paid
10 years 11 years ~
on Jan 15, 2031, your Guaranteed Income will
start from Jan 15, 2034)

End of 13th year

(for example, if your last premium is paid
10 years 12 years ~
on Jan 15, 2031, your Guaranteed Income will
start from Jan 15, 2035)
~Guaranteed benefits are payable subject to all due premiums being paid.
 You can choose You can choose You can choose
to pay to save to get Guaranteed You get Guaranteed~ Income from
premiums for in the policy for Income for

End of 14th year

12 years 13 years (for example, if your last premium is paid
~
on Jan 15, 2033, your Guaranteed Income will
start from Jan 15, 2036)
15 or 20 or
25 or 30 years
End of 15th year
12 years 14 years (for example, if your last premium is paid
~
on Jan 15, 2033, your Guaranteed Income will
start from Jan 15, 2037)

Table-2

In the above examples the frequency of premium payment and Guaranteed Income is annual.
~
Guaranteed Income benefit (Maturity Benefit):

Upon survival of the Life Assured at the completion of the policy term, you will be paid
Guaranteed Income at the end of every month/ year, for an Income Period as chosen by you.
To understand this benefit in greater detail, let us take an example.
Illustration:

Let’s say Smita from the earlier example now saves in Assured Income plan option to secure a
second income for herself, or her family, in case she is not around.
The table below shows the Guaranteed Income that Smita will receive, for different
combinations of premium payment term, policy term and Income Period.

Income Period
Pay for Save for
15 years 20 years 25 years 30 years

7 years 8 years `94,884 `82,099 `74,715 `71,019

7 years 9 years `1,00,326 `86,961 `79,258 `75,719

T&C apply
 Income Period
Pay for Save for
15 years 20 years 25 years 30 years

10 years 11 years `1,50,599 `1,28,738 `1,21,995 `1,15,143

10 years 12 years `1,59,511 `1,36,461 `1,29,786 `1,22,698

12 years 13 years `1,94,936 ` 1,65,940 `1,55,744 `1,45,632

12 years 14 years `2,06,736 `1,76,067 `1,64,949 `1,54,654

Smita pays `1,00,000 p.a. for 10 years She gets a Guaranteed~ Income of
`1,15,143 every year for 30 years

Year 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 …… 38 39 40 41
Jan 15, 2022 Jan 15, 2031 Jan 15, 2034 Jan 15, 2063

Life cover throughout the policy term

of 11 years
Smita pays a total of `10,00,000^ Smita gets a total of `34,54,290

Goods and Services tax and cesses (if any) will be charged extra, as per applicable rates.
^

Just like the above plan options, the following flexibilities are available with Smita in this plan
option too:
a. Taking income in annual or monthly mode
b. Choosing Save the Date to receive Guaranteed Income on any special date.

On the date of maturity or any time during the Income Period, Smita shall have an option to
receive the discounted value of future income, in the form of a lump sum benefit. Please refer to
Clause 13 under Terms & Conditions.
T&C apply
Death Benefit:

If the person whose life is covered by this policy (known as the Life Assured) passes away,
during the term of the policy, the insurance cover amount will be paid out as a lump sum to the
person specified (known as the Claimant) in the policy.
Death Benefit is highest of:
a. 10 X Annualized Premium
b. 105% of Total Premiums Paid up to the date of death
c. Annual Guaranteed Income X Death Benefit factor for Guaranteed Income
Where,
Ÿ Death Benefit factors, applicable at the inception of the policy, are guaranteed throughout
the policy term and do not change for existing business.
Ÿ The Death Benefit factors are derived such that there is a smooth progression of Death
Benefit towards Maturity Benefit. Any change in Death Benefit factors will be subject to prior
approval from IRDAI.
On payment of Death Benefit to the claimant, the policy will terminate and all rights, benefits
and interests under the policy will stand extinguished.
For policies issued on minor’s life, the date of commencement of risk will be the date of
commencement of the policy.
Death Benefit is not applicable in case of death of the Life Assured during the Income Period. If
Life Assured dies during the Income Period, the Claimant will continue to receive the income.
The Claimant shall have an option to receive the discounted value of future income, in the form
of a lump sum benefit. Please refer to Clause 13 under Terms & Conditions.

Plan Option 4: Assured Income with 110% ROP

You will receive Guaranteed Income for a certain period at the end of every month/ year similar
to plan option 3 as defined above in Table 2.
Additionally, along with the last income instalment, you will get Terminal Benefit, which is equal
to 110% of Total Premiums paid by you at the end of the Income Period.
To understand this benefit in greater detail, let us take an example. T&C apply
Illustration:

Let's say Smita from the earlier example now saves in Assured Income with 110% ROP plan
option. The table below shows the Guaranteed Income and 110% ROP that Smita will receive,
for different combinations of premium payment term, policy term and Income Period.

Income Period
Pay for Save for Terminal Benefit
15 years 20 years 25 years 30 years (110% ROP)

7 years 8 years `65,041 `64,738 `64,799 `64,070 `7,70,000

7 years 9 years `70,929 `70,010 `69,887 `69,006 `7,70,000

10 years 11 years `1,06,925 `1,05,765 `1,04,073 `1,03,292 `11,00,000

10 years 12 years `1,16,310 `1,14,284 `1,17,483 `1,17,793 `11,00,000

12 years 13 years `1,40,792 `1,31,874 `1,40,998 `1,39,574 `13,20,000

12 years 14 years `1,53,106 `1,42,373 `1,51,699 `1,49,818 `13,20,000

Smita pays `1,00,000 p.a. for 10 years She gets `11,00,000 at the end of 41st year
She gets a Guaranteed~ Income of
`1,03,292 every year for 30 years

Years 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14.……….... 38 39 40 41

Jan 15, 2022 Jan 15, 2031 Jan 15, 2034 Jan 15, 2063
Life cover throughout the policy term
of 11 years
Smita pays a total of `10,00,000^ She gets a total of `41,98,760
^
Goods and Services tax and cesses (if any) will be charged extra, as per applicable rates.
~Guaranteed benefits are payable subject to all due premiums being paid.
Just like the above plan options, the following flexibilities are available with Smita in this plan
option too:
a. Taking income in annual or monthly mode
b. Choosing Save the Date to receive Guaranteed Income on any special date.

On the date of maturity or any time during the Income Period, Smita shall have an option to
receive the discounted value of future income and Terminal benefit, in the form of a lump sum
benefit. Please refer to Clause 13 under Terms & Conditions.

Death Benefit:

If the person whose life is covered by this policy (known as the Life Assured) passes away,
during the term of the policy, the insurance cover amount will be paid out as a lump sum to the
person specified (known as the Claimant) in the policy.

Death Benefit is highest of:

a. 10 X Annualized Premium
b. 105% of Total Premiums Paid up to the date of death
c. Annual Guaranteed Income X Death Benefit factor for Guaranteed Income + Terminal
Benefit X Death Benefit factor for Terminal Benefit
Death Benefit factors, applicable at the inception of the policy, are guaranteed throughout the
policy term and do not change for existing business.
The Death Benefit factors are derived such that there is a smooth progression of Death Benefit towards
Maturity Benefit. Any change in Death Benefit factors will be subject to prior approval from IRDAI.
On payment of Death Benefit to the claimant, the policy will terminate and all rights, benefits and
interests under the policy will stand extinguished.
For policies issued on minor’s life, the date of commencement of risk will be the date of
commencement of the policy.
Death Benefit is not applicable in case of death of the Life Assured during the Income Period. If
Life Assured dies during the Income Period, the Claimant will continue to receive the income.
The Claimant shall have an option to receive the discounted value of future income and
Terminal benefit, in the form of a lump sum benefit. Please refer to Clause 13 under Terms &
Conditions.
~Guaranteed benefits are payable subject to all due premiums being paid.
 What happens if you stop paying your premiums?

It is recommended that you pay all premiums for the

period selected to be able to enjoy all policy benefits.
However, at any stage if you stop paying premiums
the following shall be applicable:
Ÿ If you stop paying premiums in the first two years,
no benefits will be payable.
Ÿ If you stop paying premiums after you have
completed payment of premiums for first two full
years, the policy can continue with reduced benefits.
Ÿ All reduced benefits will be calculated by
multiplying the original benefits as specified in
“Benefits in detail” section to the extent of the
proportion of premiums paid to the total number of
premiums payable (number of premiums
paid/number of premiums payable).

The paid-up benefits will be calculated as follows:

Paid-Up Death Benefit under Income / Assured Income plan option is higher of
Ÿ Paid-Up Sum Assured on Death
Ÿ Paid-up annual GI X Death Benefit factor for GI
Paid-Up Death Benefit under Income with 110% ROP / Assured Income with 110% ROP plan
option is higher of
Ÿ Paid-Up Sum Assured on Death
Ÿ Paid-up annual GI X Death Benefit factor for GI + Paid-up Terminal Benefit X Death Benefit
factor for Terminal Benefit
Paid-up Sum Assured on Death = Sum Assured on Death X {number of months for which
premiums are paid / (12 X Premium Payment Term)}
Paid-up GI = Annual GI X {number of months for which premiums are paid / (12 X Premium
Payment Term)}
Paid-up Terminal Benefit = Terminal Benefit X {number of months for which premiums are
paid / (12 X Premium Payment Term)}
Where, Sum Assured on Death is equal to 10 X Annualized Premium.
Under Assured Income and Assured Income with 110% ROP plan options, you/ Claimant, as
applicable, shall have an option to receive the discounted value of future paid-up GI and paid-
up Terminal Benefit, if applicable, in the form of a lump sum benefit. Please refer to Clause 13
under Terms & Conditions.

Policy Revival

You can revive your policy benefits for their full value within
five years from the due date of the first unpaid premium by
paying all due premiums together with interest before the
termination date of the policy.
Revival will be based on prevailing Board Approved
Underwriting Policy. Revival interest rate will be equal to
1.50% plus the prevailing yield on 10 year Government
Securities. The yield on 10 year Government Securities will
be sourced from www.bloomberg.com. The revival interest
rate for February 2023 is 8.87% p.a. compounded half-
yearly. The revival interest rate will be reviewed on the 15th
day of every month by the company based on the 10-year
G-Sec yield of one day prior to such review.
Any change in revival conditions will be subject to prior approval from IRDAI and will be
disclosed to policyholders.

Once you start paying premiums again, the reduced benefits will be restored to their full value.
 Surrender Benefit

It is recommended that you continue with your

policy to avail all benefits. However, at any stage
after payment of first two full years' premium, if
you are not able to continue your policy, a
surrender value will be payable.
On policy surrender, you will get higher of the
following:
Ÿ Guaranteed Surrender Value (GSV)
Ÿ Special Surrender Value (SSV)
The Guaranteed Surrender Value (GSV) and
Special Surrender Value (SSV) will be calculated
as follows:
For Income/ Assured Income plan options:
GSV = GSV factor for premiums X total premiums paid, less GI paid, if any with a minimum of zero.
SSV for policies surrendering before premium payment of four full policy years will be GSV. SSV
for policies surrendering after premium payment of four full policy years will be as follows:
SSV = SSV factor for GI X Paid-up GI

For Income with 110% ROP / Assured Income with 110% ROP options:
GSV = GSV factor for premiums X total premiums paid, less GI paid, if any with a minimum of zero.
SSV for policies surrendering before premium payment of four full policy years will be GSV. SSV
for policies surrendering after premium payment of four full policy years will be as follows:
SSV = SSV factor for GI X Paid-up GI + SSV factor for Terminal Benefit X Paid-up Terminal
Benefit
For details on GSV factors, please refer to the policy document.
The final SSV will be calculated after applying surrender timing factors.
 Taking a policy loan

You can take a policy loan after your policy

acquires a surrender value. Loan amount up to
80% of the surrender value can be availed.
a. For other than in-force and fully paid-up
policies, if the outstanding loan amount
including interest exceeds the surrender
value, the policy will be foreclosed after
giving intimation and reasonable opportunity
to the policyholder to continue the policy.
b. In the event of failure to repay by the required
date, the policy will be foreclosed, the policy
will terminate, and all rights, benefits and
interests under the policy will stand
extinguished. An in-force and fully paid-up
policy will not be foreclosed.
c. Loans may be granted on proof of title to the Policy.
d. The policy shall be assigned conditionally to and be held by us as security for repayment of
the loan and interest thereon.
e. Before any Benefits are paid out, loan outstanding together with the interest thereon will
be deducted and the balance amount will be payable.
f. Applicable interest rate will be equal to 1.50% plus the prevailing yield on 10 year
Government Securities. The yield on 10 year Government Securities will be sourced from
www.bloomberg.com. The loan interest rate for February 2023 is 8.87% p.a.
compounded half-yearly. The basis for computing loan interest will be reviewed from time
to time and may be revised subject to the prior approval of the IRDAI.
g. The loan interest rate will be reviewed on the 15th day of every month by the company
based on the 10-year G-Sec yield of one day prior to such review.
 Terms & Conditions

1. Suicide clause: In case of death due to suicide within 12 months from the date of commencement of
risk under the policy or from the date of revival of the policy, as applicable, the Claimant shall be
entitled to at least 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. The Policy will
terminate on making such a payment and all rights, benefits and interests under the Policy will stand
extinguished.
2. Free look period: If you are not satisfied with the terms and conditions of the policy, please return the
policy document to the Company with reasons for cancellation within
Ÿ 15 days from the date you received it, if your policy is not purchased through Distance marketing*
Ÿ 30 days from the date you received it, in case of electronic policies or if your policy is purchased
through Distance marketing*
On cancellation of the policy during the free look period, we will return the premium subject to the
deduction of:
a. Stamp duty under the policy,
b. Expenses borne by the Company on medical examination, if any
c. Proportionate risk premium for the period of cover
The policy shall terminate on payment of this amount and all rights, benefits and interests under this
policy will stand extinguished.
*Distance marketing includes every activity of solicitation (including lead generation) and sale of
insurance products through the following modes: (i) Voice mode, which includes telephone-calling
(ii) Short Messaging service (SMS) (iii) Electronic mode which includes e-mail, internet and
interactive television (DTH) (iv) Physical mode which includes direct postal mail and newspaper &
magazine inserts and (v) Solicitation through any means of communication other than in person.
3. Tax benefits may be available as per prevailing tax laws. Tax benefits under the policy are subject to
prevailing conditions and provisions of the Income Tax Act, 1961. Goods and Services Tax and
Cesses, if any, will be charged extra as per applicable rates. The tax laws are subject to amendments
made thereto from time to time. Please consult your tax advisor for details, before acting on above.

4. Grace Period: If the policyholder is unable to pay an installment premium by the due date, a grace
period of 15 days will be given for payment of due installment premium for monthly frequency, and
30 days will be given for payment of due installment premium for any other frequency, commencing
 from the premium due date. The life cover continues during the grace period. In case of Death of Life
Assured during the grace period, the Company will pay the applicable Death Benefit.
If the premium is not paid within the grace period before the policy acquires a surrender value, the
policy shall lapse and cover will cease.
5. The payout dates shown in the illustrations in this document are only indicative and the actual
payouts will be within a period of one week from the stated dates.
6. You can choose to receive income on any one date succeeding the due date of first income to
coincide with any special date. You can select this option at policy inception or any time before
the completion of premium payment term.
7. If you have chosen a specific date to receive Guaranteed~ Income, the Guaranteed~ Income payable
from this date will be increased for the deferment period i.e. the period between the due date of first
GI pay-out and the specific date chosen, at an interest rate of 3.00% p.a. compounded monthly. Any
change in interest rate will be subject to prior approval from IRDAI. The last GI will be paid on the end
date of income period chosen by you at the time of purchase of the policy and not on the special date
chosen by you and therefore, the interest rate mentioned above shall not be applicable for the last GI.
8. Premium, premium payment term, income period and policy term chosen at inception of policy
cannot be changed. You have the flexibility to change the frequency of premium payment.
9. A fully paid policy is a policy for which all premiums have been paid, as per the premium payment
term selected, and no further premiums are due. A premium paying policy is policy for which all due
premiums have been paid till date, but future premiums are payable for the rest of the premium
payment term.
10. If the policy has been taken on the life of a minor, on attaining the age of majority i.e. 18 years, the
policy will vest on him/her. Thereafter, the Life Assured shall become the policyholder who will then be
entitled to all the benefits and subject to all liabilities as per the terms and conditions of the policy.
11.If the policy has been taken on the life of a major and the Policyholder is different from the Life
Assured, then upon death of the Policyholder and subsequent intimation of the death with the
Company, the policy shall vest on the Life Assured. Thereafter, the Life Assured shall become the
Policyholder and will be entitled to all benefits and subject to all liabilities as per the terms and
conditions of the policy.
12. The product is also available for sale through online mode.

13.The proportion of applicable Guaranteed Income payable for monthly and half-yearly modes of
premium payments, expressed as a percentage of the annual premium are given below.

~Guaranteed benefits are payable subject to all due premiums being paid.
 Mode of Premium Payment Proportion of benefits
Monthly 94%
Half-yearly 97%
Yearly 100%

14. Under the plan options Assured Income and Assured Income with 110% ROP, the discount rate used
to convert future GI and Terminal Benefit, as applicable to a lump sum benefit will depend on when
you/ Claimant exercise the option, and is detailed below:
Ÿ On the date of policy maturity: 8.00% p.a., guaranteed at policy inception.
Ÿ Any time during the income period, after policy maturity date: 30 year Government Securities yield
+ 0.50%. The current discount rate is 8.00% p.a.
The discount rate, applicable for commutation to lump sum during income period, will be reviewed
twice every year on 1st of June and 1st of December. Any change in discount rate will be subject to
prior approval from IRDAI.
Further, kindly note that on payment of all due GI and Terminal Benefit, if applicable or the discounted
value of future GI and Terminal Benefit, if applicable, to you/ Claimant (as applicable), the policy will
terminate and all rights, benefits and interests under the policy will stand extinguished.
15. Policies sourced through POS Channel will not have any medical examination.
16. Nomination: Nomination shall be as per Section 39 of the Insurance Act, 1938 as amended from time
to time. For more details on this section, please refer to our website.
17. Assignment: Assignment shall be as per Section 38 of the Insurance Act, 1938 as amended from time
to time. For more details on this section, please refer to our website.
18. Section 41: In accordance with Section 41 of the Insurance Act, 1938 as amended from time to time,
no person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to
take or renew or continue an insurance in respect of any kind of risk relating to lives or property in
India, any rebate of the whole or part of the commission payable or any rebate of the premium shown
on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate,
except such rebate as may be allowed in accordance with the published prospectuses or tables of
the insurer.
Any person making default in complying with the provisions of this section shall be punishable with
fine which may extend to ten lakh rupees.
19. Section 45 of the Insurance Act, 1938, as amended from time to time:
1) No policy of life insurance shall be called in question on any ground whatsoever after the expiry of
 three years from the date of the policy, i.e., from the date of issuance of the policy or the date of
commencement of risk or the date of revival of the policy or the date of the rider to the policy,
whichever is later.
2) A policy of life insurance may be called in question at any time within three years from the date of
issuance of the policy or the date of commencement of risk or the date of revival of the policy or the
date of the rider to the policy, whichever is later, on the ground of fraud: Provided that the insurer shall
have to communicate in writing to the insured or the legal representatives or nominees or assignees
of the insured the grounds and materials on which such decision is based.
3) Notwithstanding anything contained in sub-section (2), no insurer shall repudiate a life insurance
policy on the ground of fraud if the insured can prove that the mis-statement of or suppression of a
material fact was true to the best of his knowledge and belief or that there was no deliberate intention
to suppress the fact or that such mis-statement of or suppression of a material fact are within the
knowledge of the insurer: Provided that in case of fraud, the onus of disproving lies upon the
beneficiaries, in case the policyholder is not alive.
4) A policy of life insurance may be called in question at any time within three years from the date of
issuance of the policy or the date of commencement of risk or the date of revival of the policy or the
date of the rider to the policy, whichever is later, on the ground that any statement of or suppression of
a fact material to the expectancy of the life of the insured was incorrectly made in the proposal or
other document on the basis of which the policy was issued or revived or rider issued: Provided that
the insurer shall have to communicate in writing to the insured or the legal representatives or
nominees or assignees of the insured the grounds and materials on which such decision to repudiate
the policy of life insurance is based: Provided further that in case of repudiation of the policy on the
ground of misstatement or suppression of a material fact, and not on the ground of fraud, the
premiums collected on the policy till the date of repudiation shall be paid to the insured or the legal
representatives or nominees or assignees of the insured within a period of ninety days from the date
of such repudiation.
5) Nothing in this section shall prevent the insurer from calling for proof of age at any time if he is
entitled to do so, and no policy shall be deemed to be called in question merely because the terms of
the policy are adjusted on subsequent proof that the age of the Life Insured was incorrectly stated in
the proposal.
20. For further details, please refer to the policy document and the benefit illustration.
 About ICICI Prudential Life Insurance
ICICI Prudential Life Insurance Company Limited is a joint venture between ICICI Bank Limited and
Prudential Corporation Holdings Limited, a part of the Prudential group. ICICI Prudential began its
operations in Fiscal 2001 after receiving approval from Insurance Regulatory Development
Authority of India (IRDAI) in November 2000.
ICICI Prudential Life Insurance has maintained its focus on offering a wide range of savings and
protection products that meet the different life stage requirements of customers.

For More Information:

Customers calling from anywhere in India, please dial 1860 266 7766
Do not prefix this number with “+” or “91” or “00” (local charges apply)
Call Centre Timings: 10.00 am to 7.00 pm
Monday to Saturday, except National Holidays.
To know more, please visit www.iciciprulife.com

© ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered with Insurance Regulatory & Development
Authority of India (IRDAI) as Life Insurance Company. Regn. No. 105. CIN: L66010MH2000PLC127837. Reg. Off.:
ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600. Customer
helpline number - 1860 266 7766. Timings – 10:00 A.M. to 7:00 P.M., Monday to Saturday (except national holidays).
Member of the Life Insurance Council. For more details on the risk factors, term and conditions please read the
product brochure carefully before concluding the sale. Trade Logo displayed above belongs to ICICI Bank Ltd &
Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. ICICI Pru
Guaranteed Income For Tomorrow (Long-term). Form No.: E32. UIN:105N185V11. Advt No.:L/II/2029/2022-23.

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Public receiving such phone calls are requested to lodge a police complaint.