| AssureInvest
Have you got a huge bonus that you would like to salt
away for a rainy day? Do you wish to invest for tax saving purposes? Here is an ideal plan
for a one-off investment with prospectively high returns and the added benefit of
insurance protection.
The ICICI Pru AssureInvest effectively combines savings with life cover.
It is a fixed term plan of 7 or 10 years against a one-time payment of premium.
If death occurs after the first year of the policy, the nominee will receive 10% of the
single premium as death benefit. 10% of the single premium will be payable as death
benefit; otherwise, on death due to other causes, no death benefit will be payable.
In case of death of the life assured during the term, the nominee has the option to take
cash value of the amount payable on the maturity date immediately. The cash value will be
quoted on the application.
On date of maturity, single premium along with the guaranteed additions between 7.60% and
8.95% (depending on the term and the single premium amount) compounded annually will be
payable.
Highlights
- Anyone in the age group 07-62 years can apply. The maximum cover-ceasing age is 67
years.
The minimum single premium you should apply for is Rs.25,000 and the maximum
is Rs.50
lakhs.
- Tax benefits under IT Sec 88 are available.
- Loans are available under this policy subject to the terms and conditions of the company
from time to time.
- Your policy acquires surrender value only after the first year. |