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Why is ICICI Pru Future Perfect Endowment Plan special?
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ICICI Pru Future Perfect grows your wealth with the promise of protecting your money. This is done through two guaranteed features in the plan called Guaranteed Additions (GA) and Guaranteed Maturity Benefit (GMB). At the end of the policy term, you receive a sum that includes Guaranteed Maturity Benefit (GMB), Guaranteed additions (GA) and additional bonuses declared by the company, if any. Guaranteed benefits are payable subject to all due premiums being paid and the policy being in force on the date of maturity.
What are Guaranteed Additions?
Guaranteed Additions (GAs) are additional benefit that will be added throughout the policy term, if all premiums due till that year are paid. GAs as a percentage of annualized premium is set out in the following table:
| Policy year/PPT | 5 years or 7 years | 10 years, 15 years or 20 years |
|---|---|---|
| 1 - 5 | 8% | 10% |
| 6 - 10 | 10% | 12% |
| 11 - 15 | 12% | 15% |
| 16 onwards | 15% | 18% |
During Premium Paying Term(PPT) GA will accrue on premium payment* and after PPT, GA will accrue at the beginning of policy year.
* In case of monthly premium frequency, 1/12th; times GA will be accrued every month on premium payment. For half yearly premium frequency, 0.5 times GA will be accrued on premium payment.
What is Guaranteed Maturity Benefit?
Guaranteed Maturity Benefit (GMB) is the guaranteed lump sum payable at the end of the policy term. Your GMB will be set at policy inception and will depend on age, policy term, premium amount, premium payment term and gender. Your GMB may be lower than your Sum Assured on death.
ICICI Pru Future Perfect provides you and your family all-round protection. In case of an unfortunate event during the policy term, your family receives a lump sum amount. This amount ensures that even in your absence, your loved ones are able to live the life you planned for them.
How much money will my family receive in my absence?
Your family will receive the higher of:
A fixed Sum Assured including Guaranteed Additions and Bonuses*
Guaranteed Maturity Benefit including Guaranteed Additions and Bonuses*
Minimum Life Cover that is equal to 105% of sum of premiums paid till date **
*Consists of vested reversionary bonuses, interim bonus and terminal bonus, if any.
.
**Including extra Mortality Premiums and excluding taxes. The cost of providing a Life Cover under the policy is called Mortality Premium.
With this plan, you can reduce your taxable income by investing up to 
1.5 lakh under Section 80C. This will help you save tax. The money you get on maturity or death is also completely 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.
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Product Snapshot
In our day to day lives, we strive towards achieving our goals: purchasing a flat, securing our children’s future needs, dream vacation in an exotic location and living peacefully after retirement. We bring you an ideal savings and protection oriented plan, ICICI Pru Future Perfect to help you fulfill these goals.
ICICI Pru Future Perfect gives you the dual assurances of guaranteed benefits and life cover, while complementing your investment corpus with bonuses that offers potentially higher returns. You have the flexibility to choose a premium payment option based on your needs.
- product information
- benefit illustrator
- Asset Allocation
- Five Pay
- Seven Pay
- Ten Pay
- Fifteen Pay
- Twenty Pay
How much premium can I pay?
You need to pay a minimum of `40,000 per year.
Can I pay the premiums yearly, half-yearly or monthly?
Yes, you can choose to pay your premiums yearly, half-yearly or monthly.
How long does the policy last?
The policy can continue from 10 to 15 years*.
At what age can I start this plan?
The minimum age of the Life Assured is 3 years and the maximum age should not be more than 45 years.
How old should I be when the plan reaches maturity?
The minimum age of the Life Assured at policy maturity should be 18 years. But, the maximum age should not exceed 60 years.
How much premium can I pay?
You need to pay a minimum of `18,000 per year.
Can I pay the premiums yearly, half-yearly or monthly?
Yes, you can choose to pay your premiums yearly, half-yearly or monthly.
How long does the policy last?
The policy can continue from 12 to 17 years*.
At what age can I start this plan?
The minimum age of the Life Assured is 1 year and the maximum age should not be more than 58 years.
How old should I be when the plan reaches maturity?
The minimum age of the Life Assured at policy maturity should be 18 years. But, the maximum age should not exceed 70 years.
How much premium can I pay?
You need to pay a minimum of `12,000 per year.
Can I pay the premiums yearly, half-yearly or monthly?
Yes, you can choose to pay your premiums yearly, half-yearly or monthly.
How long does the policy last?
The policy can continue from 15 to 20 years*.
At what age can I start this plan?
The minimum age of the Life Assured is 90 days and the maximum age should not be more than 55 years.
How old should I be when the plan reaches maturity?
The minimum age of the Life Assuredat policy maturity should be 18 years. But, the maximum age should not exceed 70 years.
How much premium can I pay?
You need to pay a minimum of `9,600 per year.
Can I pay the premiums yearly, half-yearly or monthly?
You can choose to pay your premiums yearly, half-yearly or monthly.
How long does the policy last?
The policy can continue from 20 to 25 years*.
At what age can I start this plan?
The minimum age of the Life Assured is 90 days and the maximum age should not be more than 50 years.
How old should I be when the plan reaches maturity?
The minimum age of the Life Assured at policy maturity should be 18 years. But, the maximum age should not exceed 70 years.
How much premium can I pay?
You need to pay a minimum of `8,400 per year.
Can I pay the premiums yearly, half-yearly or monthly?
Yes, you can choose to pay your premiums yearly, half-yearly or monthly.
How long does the policy last?
The policy can continue from 25 to 30 years*.
At what age can I start this plan?
The minimum age of the Life Assured is 90 days and the maximum age should not be more than 45 years.
How old should I be when the plan reaches maturity?
The minimum age of the Life Assuredat policy maturity should be 18 years. But, the maximum age should not exceed 70 years.
*Subject to maximum age at maturity boundary conditions.
#Your Guaranteed Maturity Benefit (GMB) will be set at policy inception and will depend on age, policy term, premium, premium payment term and gender. Your GMB may be lower than your Sum Assured on death. ICICI Pru Future Perfect UIN:105N153V02.
#ARR is Assumed rate of returns.
These illustrations are for a healthy male life assured. The guaranteed benefits under the policy are clearly marked as “guaranteed”. The reversionary bonuses and terminal bonuses are not guaranteed and are dependent on future performance. The benefits in the illustration given above are indicative and are shown at different rates of assumed future investment returns. The maturity benefit of your policy is dependent on a number of factors, including future performance.
The actual asset allocation of ICICI Pru Future Perfect product in Equity is 37.56% as on March 31, 2024. The equity portfolio is as follows:
| NIC Industry | Weight* |
|---|---|
| Financial and insurance activities | 27.15% |
| Computer programming, consultancy and related activities | 10.60% |
| Infrastructure | 9.85% |
| Manufacture of co*ke and refined petroleum products | 8.16% |
| Manufacture of motor vehicles, trailers and semi-trailers | 6.10% |
| Others | 6.08% |
| Manufacture of chemicals and chemical products | 4.86% |
| Manufacture of pharmaceuticals,medicinal chemical and botanical products | 4.14% |
| Manufacture of Basic Metals | 4.09% |
| Manufacture of tobacco products | 3.20% |
| Manufacture of other non-metallic mineral products | 2.17% |
| Retail trade, except of motor vehicles and motorcycles | 2.09% |
| Manufacture of other transport equipment | 1.88% |
| Manufacture of food products | 1.88% |
| Other manufacturing | 1.70% |
| Food and beverage service activities | 1.17% |
| Information service activities | 0.88% |
| Air transport | 0.85% |
| Manufacture of computer, electronic and optical products | 0.75% |
| Real estate activities | 0.54% |
| Human health activities | 0.52% |
| Manufacture of rubber and plastics products | 0.38% |
| Manufacture of wearing apparel | 0.31% |
| Manufacture of electrical equipment | 0.26% |
| Employment activities | 0.21% |
| Motion picture, video and television programme production, sound recording | 0.11% |
| Wholesale trade, except of motor vehicles and motorcycles | 0.08% |
| Grand Total | 100.00% |
| EQUITY SECURITY NAME | WEIGHT* |
|---|---|
| HDFC Bank Limited | 9.29% |
| Reliance Industries Limited | 7.45% |
| Larsen & Tourbo Limited | 5.43% |
| Infosys Limited | 5.03% |
| Bharti Airtel Limited | 4.27% |
| ICICI Prudential Bank ETF | 3.53% |
| Tata Consultancy Services Limited | 3.21% |
| ITC Limited | 3.20% |
| Axis Bank Limited | 3.12% |
| State Bank of India | 2.82% |
| Bajaj Finance Limited | 2.57% |
| HDFC Mutual Fund Banking ETF | 2.55% |
| Hindustan Unilever Limited | 1.93% |
| Mahindra & Mahindra Limited | 1.93% |
| Sun Pharmaceutical Industrial Limited | 1.92% |
| Ultratech Cement Limited | 1.78% |
| Titan Company Limited | 1.70% |
| HCL Technologies Limited | 1.62% |
| Kotak Mahindra bank Limited | 1.45% |
| Maruti Suzuki India Limited | 1.44% |
| SBI Life Insurance Company Limited | 1.28% |
| Bank Of India | 1.28% |
| Hindalco Industries Limited | 1.27% |
| Tata Motors Limited | 1.13% |
| Tata Steel Limited | 1.12% |
| Nestle India Limited | 0.98% |
| Jindal Steel & Power Limited | 0.91% |
| Avenue Supermarts Limited | 0.89% |
| Zomato Limited | 0.88% |
| Bajaj Auto Limited | 0.86% |
| Interglobe Aviation Limited | 0.85% |
| Cipla Limited | 0.84% |
| Union Bank of India | 0.82% |
| Bharat Electronics Limited | 0.75% |
| Asian Paints Limited | 0.68% |
| Britannia Industries Limited | 0.68% |
| TVS Holdings Limited | 0.66% |
| HDFC Life Insurance Company Limited | 0.64% |
| Trent Limited | 0.63% |
| Hero Motocorp Limited | 0.63% |
| Indian Bank | 0.61% |
| Godrej Consumer Products Limited | 0.58% |
| DLF Limited | 0.54% |
| Dr. Reddys Laboratories Limited | 0.54% |
| Sapphire Foods India Limited | 0.53% |
| Max Healthcare Institute Limited | 0.52% |
| Indusind Bank Limited | 0.47% |
| Shriram Finance Limited | 0.44% |
| SRF Limited | 0.44% |
| Aurobindo Pharma Limited | 0.44% |
| Samvardhana Motherson International Limited | 0.42% |
| Eicher Motors Limited | 0.39% |
| Ashok Leyland Limited | 0.39% |
| RBL Bank Limited | 0.38% |
| Torrent Pharmaceuticals Limited | 0.37% |
| Dabur India Limited | 0.36% |
| Hindustan Petroleum Corp. Limited | 0.36% |
| Grasim Industries Limited | 0.35% |
| Bharat Petroleum Corp Limited | 0.35% |
| LIFE INSURANCE CORPORATION OF INDIA | 0.33% |
| Sona BLW Precision Forgings Limited | 0.32% |
| WESTLIFE FOODWORLD LIMITED | 0.31% |
| SBI Cards SBI Cards & Payment Services L | 0.30% |
| AU Small Finance Bank Limited | 0.30% |
| Endurance Technologies Limited | 0.28% |
| FSN E-Commerce Ventures Limited | 0.26% |
| The Jammu & Kashmir Bank Limited | 0.25% |
| Restaurant Brand Asia | 0.25% |
| Star Health & Allied Insurance Co Limited | 0.25% |
| Astral Limited | 0.25% |
| Crompton Greaves Consumer Elect. | 0.24% |
| Pi Industries Limited | 0.23% |
| UPL Limited | 0.23% |
| Marico Limited | 0.22% |
| Shree Cement Limited | 0.22% |
| CreditAccess Grameen Limited | 0.22% |
| Quess Corp Limited | 0.21% |
| LTIMindtree Limited | 0.21% |
| Motherson Sumi Wiring India Limited | 0.19% |
| Page Industries Limited | 0.19% |
| Cyient Limited | 0.19% |
| Go Fashion (India) Limited | 0.19% |
| ACC Limited | 0.17% |
| L&T Finance Holdings Limited | 0.17% |
| Wipro Limited | 0.16% |
| Cello World Limited | 0.14% |
| Bata India Limited | 0.12% |
| Sundaram-Clayton Limited | 0.12% |
| Vedant Fashions | 0.12% |
| PVR Inox Limited | 0.11% |
| Indraprastha Gas Limited | 0.11% |
| Coforge Limited | 0.11% |
| Suryoday Small Finance Bank Limited | 0.09% |
| Jubilant Foodworks Limited | 0.08% |
| Honasa Consumer Limited | 0.08% |
| Sonata Software Limited | 0.08% |
| Kansai Nerolac Paints Limited | 0.06% |
| Bandhan Bank Limited | 0.05% |
| Lupin Limited | 0.04% |
| Gujarat State Petronet Limited | 0.04% |
| Indostar Capital Finance (Indostar) Limited | 0.03% |
| Havells India Limited | 0.03% |
| Grand Total | 100.00% |
* % on total equity portfolio
COMP/DOC/Jul/2022/217/0818
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