‘ICICI Pru Guaranteed Income for Tomorrow’ (GIFT) – this new goal-based savings product has been launched by ICICI Prudential Life Insurance. GIFT provides guaranteed income to policyholders to help them achieve their long-term financial goals.
This non-participating savings product can enable customers to eliminate the uncertainty of future income streams to a large extent. The life cover provides financial security to the family, which is essential for a robust financial plan. Mr. Amit Palta, Chief Distribution Officer, ICICI Prudential Life Insurance, said, “This feature-rich product is designed to offer smoothened returns and provides customers the flexibility to start receiving the benefits as early as the second year, enabling them to develop a robust financial plan.” The 3 variants of this goal-based savings product are: Income, Early income and Single pay lump sum. Another unique aspect of ‘ICICI Pru Guaranteed Income for Tomorrow’ is the ‘Save The Date’ feature. Customers can use this feature to make milestones in their personal lives extra special. For instance, they can choose to start receiving income on special dates such as their wedding anniversary, birthday of spouse, etc.
