What's special about us
Enjoy Zero Charges on All Commonly Used Savings Account Services
- About Us
- MD & CEO letter about the bank
- MD & CEO
- Our History
- Letter to Shareholders on the 1st Annual Report after Merger
- Letter to Shareholders on the 2nd Annual Report after Merger
- Letter to Shareholders on the 3rd Annual Report after Merger
- Letter to Shareholders on the 4th Annual Report after Merger
- Board of Directors
- Awards & Accolades
- News Room
- Investors
- Careers
- ESG
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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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Provides guaranteed* benefits in form of lump sum or regular income to help you achieve your life goals. *T&C Apply
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Provides an option of guaranteed early income* from 2nd year onwards under early income plan option. *T&C Apply
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Life Cover to provide your loved ones with financial security in your absence
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Tax benefits u/s 80C for premium paid and u/s 10(10D) for maturity benefit received
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Provides guaranteed* benefits in form of lump sum or regular income to help you achieve your life goals. *T&C Apply
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Provides an option of guaranteed early income* from 2nd year onwards under early income plan option. *T&C Apply
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Life Cover to provide your loved ones with financial security in your absence
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Tax benefits u/s 80C for premium paid and u/s 10(10D) for maturity benefit received
ICICI Pru Guaranteed Income For Tomorrow (GIFT)
Life is all about enjoying and creating moments of joy with your loved ones. To live these moments to the fullest 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.Read More
These are sacrosanct goals, for which you would need a financial plan that gives you the reassurance of a guarantee. Keeping this in mind, we present ICICI Pru Guaranteed Income For Tomorrow. A protection and savings oriented life insurance plan with guaranteed1 benefits to help you achieve your life goals.Read Less
FEATURES
Guaranteed Benefits1 in the form of a lump sum or regular income to match your needs *T&C Apply
Option to receive guaranteed income2 from 2nd year onwards
Higher Benefits for women3
Life Insurance Cover4 for financial security of your family
Get Guaranteed Income when you want it with Save the Date5 feature *T&C Apply
Tax benefits6 may be applicable on premiums paid and benefits received as per the prevailing tax laws
Option of taking Loan against policy to help you in case of financial emergencies
PLAN OPTIONS/VARIANTS
- Sum Assured on Death
- Sum Assured on Maturity X Death Benefit factor for Lump sum plan
- Sum Assured on Death is 10 X Single Premium or 1.25 X Single Premium as chosen by you
- Sum Assured on Death
- 105% of Total Premiums Paid up to the date of death
- Sum Assured on Maturity X Death Benefit factor for Lump sum plan, where,
- Sum Assured on Death is 10 X Annualised Premium
- Sum Assured on Death
- 105% of Total Premiums Paid up to the date of death
- Annual guaranteed1 Income X Death Benefit factor for Income Plan, where, 1T&C Apply
- Sum Assured on Death is 10 X Annualised Premium
- In case of death of the Life Assured during the Income Period, the Claimant will continue to receive the income. The Claimant shall have an option to receive the future income as a lump sum.
Lump Sum
1. Under this plan option, you have to pay premiums for a certain period of time and at the end of the policy term, you will receive a guaranteed1 lump sum. 1T&C Apply
2. You can choose the premium payment term (1, 5, 6, 7, 8,10,12) and the policy term (5, 10, 12, 15,16, 20) – based on PPT chosen) after which you want to receive the guaranteed1 lump sum. 1T&C Apply
3. Maturity Benefit (Guaranteed1 lump sum benefit): Once you pay all your premiums, at the end of your policy term, you will receive a guaranteed1 lump sum (known as the Sum Assured on Maturity). 1T&C Apply
4. Death Benefit: Single pay- Higher of
5. Death Benefit: other than Single pay- Higher of
Income
1. Under this plan option, you have to pay premiums for a certain period of time and at the end of the policy term, you will receive a guaranteed1 income for a certain period. 1T&C Apply
2. You can choose the premium payment term (5,6,7,8,10,12) and your policy term is PPT+1 and the life cover is available for the entire policy term.
3. One can choose to receive guaranteed1 income for 5, 7 & 10 years. 1T&C Apply
4. Maturity Benefit: Once you pay all your premiums, depending on the premium payment term and the Income Period selected by you, you will receive a guaranteed1 income. 1T&C Apply
5. Death Benefit: Higher of
- Sum Assured on Death
- 105% of Total Premiums Paid up to the date of death
- Annual Guaranteed Income2 X Death Benefit factor for Early Income Plan, where, 2T&C Apply
- Sum Assured on Death is 10 X Annualised Premium
- Under this plan option, you will pay premium only once and receive guaranteed2 regular income (known as the Guaranteed Early Income2) for a fixed period starting from the end of 2nd year till end of 10th year. 2T&C Apply
- Survival Benefit (Guaranteed Early Income2): This option offers regular income every year starting from the end of 2nd year till end of 10th year. 2T&C Apply
- Death Benefit: If 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 nominee/ Claimant. Life insurance benefit is the sum assured on death.
- Sum Assured on Death = 10 X Single Premium or 1.25 X Single Premium.
Early Income
1. Under this option, you get the policy benefit in the form of a regular income like in the Income option. However, the key difference is that under this option, you will receive regular income starting from as early as the 2nd year of the policy.
2. Survival Benefit(Guaranteed Early Income2): Guaranteed Early Income2 is a fixed percentage of the premium you pay in a year and is based on the number of years for which you choose to pay your premiums – PPT for 6/7/8/10/12 years – early income of 15%/ 20%/25% of annual premium respectively. 2T&C Apply
3. Maturity Benefit (Guaranteed Income benefit2): Once you pay all your premiums, you will receive a Guaranteed Income2 for a fixed period at the end of the policy term. 2T&C Apply
4. Death Benefit: other than Single pay- Higher of
Single Pay Income
ELIGIBILITY
Eligibility
- Click on Know More for Eligibility
Documentation
FREQUENTLY ASKED QUESTIONS
1. Is there any additional benefits for buying this plan online?
Yes, one will get additional maturity benefits for buying this plan online as mention below:
Plan options |
Online benefit |
Income |
2.5% of Guaranteed Income |
Early Income |
3.5% of Guaranteed Income |
Lump Sum(Limited Pay) |
2.5% of Sum Assured on Maturity |
Lump Sum(Single Pay) |
1.0% of Sum Assured on Maturity |
2. What will happen if I discontinue paying premiums?
If one discontinues paying premiums after policy has acquired a surrender value, then the policy will continue as “paid-up” policy with reduced benefits. In case one discontinues paying premium before your policy has acquired a surrender value, then the policy will lapse and no benefits will be paid. For more details, please refer to the brochure.
3. Under this plan, what are the premium paying modes available?
Premium paying modes available under this plan are, Single Pay, Monthly, Half-Yearly and Yearly.
Disclaimer
1A guaranteed lump sum or regular income will be payable based on the plan option selected.
2This benefit is available under the Early Income plan option.
3For a female life assured, the benefits will be those applicable to male life assured two year younger.
4Life insurance cover is the benefit payable on death of the life assured during the policy term.
5Save the Date: You can choose to receive income on any one date succeeding the due date of first income to coincide with any special date.
6Tax benefits under the policy are subject to conditions under Section 80C, 10(10D), 115BAC and other 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 from time to time. Please consult your tax advisor for details, before acting on above.
The frequency of Guaranteed Early Income is same as that of your premium payment.
Premium, premium payment term and policy term chosen at inception of policy cannot be changed. You have the flexibility to change the frequency of premium payment.Read More
IDFC FIRST Bank Limited having its registered office at KRM Tower, 8th Floor, No. 1, Harrington Road, Chetpet, Chennai – 600031, is authorized by the Insurance Regulatory and Development Authority of India to act as a Corporate Agent of ICICI Prudential Life Insurance Company Ltd for procuring or soliciting life insurance business under license number CA0106. The purchase of Insurance products by IDFC FIRST Bank’s customers is purely on voluntary and not linked to availing of any other services from the bank. Tel: 1800 4194 332
ICICI Prudential Life Insurance Company Limited 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 (GIFT). A Non Linked Non Participating Life Individual Savings Product. UIN 105N182V05, Advt. No.: W/II/3918/2021-22. To know more, please visit www.iciciprulife.com.
BEWARE OF SPURIOUS /FRAUD PHONE CALLS! IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
IRDAI CAUTIONS PUBLIC AGAINST SPURIOUS CALLS AND FICTITIOUS OFFERSRead Less
