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ICICI Pru Lakshya Lifelong Income

A Plan To Power Your Financial Goals

ICICI pru Lakshya Lifelong Income

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About ICICI Pru Lakshya Lifelong Income

    This is a Non-Linked, Participating Life Insurance Plan. A plan that helps you fulfil your family’s financial goals and protects their future in your absence. It helps you in building wealth with Guaranteed Value Benefits and Bonus along with Sum Assured on maturity.

Product Features

  • Enjoy Guaranteed Income and Cash Bonus every year after Income start date till the age of 99 years
  • Grow your wealth with bonuses in form of Regular Additions
  • Get Guaranteed Capital protection in the form of ‘Sum Assured on Maturity’
  • Life cover protection till the age of 99 years to secure your family’s future in your absence
  • Receive a one-time Terminal Bonus
  • In case of financial emergency during the policy term rest assured with liquidity benefit
  • Tax benefits on premiums paid and benefits received as per prevailing tax laws

How this plan works

Sanjay is a 35-year-old IT employee. He understands the importance of planning ahead in life for a financially secure future.
ICICI Pru Lakshya Lifelong Income is best solution for his needs:
  • Annual Premium: INR 1,00,000
  • Premium payment term: 10 years
  • Policy term: 64 years
  • Life cover: INR 10,00,000

Sanjay will receive a lump sum of INR 1,50,000 at 15th policy year

Every year Sanjay will receive survival benefit of INR 47,610 at 4% ARR and INR115,610 at 8% ARR upto 99 years.

On maturity at 64th year, Sanjay will receive maturity benefit of INR 1,000,000 at 4% ARR and INR 1,200,000 at 8% ARR

In case of Sanjay’s unfortunate demise during the 11th year, Sanjay’s nominee will get INR1,373,746 at 8% ARR and  INR 1,118,720 at 4% ARR.

He also gets tax benefits on both premiums paid and benefits received.

The Death/Maturity Benefit in this plan can be taken either as a lump sum or income.

ARR stands for Assumed rate of return. If the policy offers guaranteed returns, then these will be clearly marked “guaranteed” in the Benefit Illustration. Since the policy offers variable returns, the given illustration shows two different rates of assumed future investment returns. The returns shown above are not guaranteed and they are not the upper or lower limits of what you might get back, as the maturity value of policy depends on a number of factors including future investment performance.

Bonuses consist of accrued Regular Additions net of encashment (if any), Interim Regular Addition and Terminal Bonus, if declared, before Income Start Date (ISD). Bonuses consist of Interim Cash Bonus and Terminal Bonus, if declared, after ISD.



The insurance products offered here are underwritten by ICICI Prudential Life Insurance Company Limited.


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.

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