LIC Premium and Maturity Calculator

ICICI Prudential Life Raksha Plan, Policy, Premium and Maturity Calculator

ICICI Prudential Life Raksha Plan, Policy, Premium and Maturity Calculator - ICICI Prudential Life Insurance Company is a joint venture between ICICI Bank, a premier financial powerhouse, and Prudential plc, a leading international financial services group. Life Raksha offered by ICICI Prudential Life is an ideal protection oriented plan that protects the family, in case of the policyholder’s untimely demise. Since this plan comes with a lump sum amount, it can be used to meet immediate liabilities, that may arise in the policyholder’s absence.

Eligibility Criteria - ICICI Prudential Life Raksha Term Insurance Plan and Policy

  • Entry age (last birthday) - 18 years
  • Maximum maturity age (last birthday) - 60 years

Features - ICICI Prudential Life Raksha Term Insurance Plan and Policy

. A few of the features are mentioned below:

  • Minimum sum assured: Rs 50,000
  • Maximum sum assured: Rs 500,000
  • Policy term: Regular pay - 5 years
  • Premium payment: Based on the policy taken
  • Minimum and Maximum Premium: Depends on the minimum and maximum Sum Assured and age of the life assured
  • Modes of available premium payment: Yearly, Half-yearly and Monthly. For monthly frequency there is a premium loading of 5% unless the payment is made by direct debit

Benefits - ICICI Prudential Life Raksha Term Insurance Plan and Policy

Getting a policy from ICICI Pru Life Raksha comes with a number of benefits. A few advantages of the plan are mentioned below:

  • In the unfortunate event of death of the life covered (Life Assured) during the term of the policy, the nominee shall receive the Death Benefit.
  • The insurance policy also offers tax benefits under section 80C of the Income Tax Act 1961.

Illustration Scenario - ICICI Prudential Life Raksha Term Insurance Plan and Policy

Mr. Sameer is 25 years old and has bought a two wheeler on credit. He purchases ICICI Pru Life Raksha with a Sum Assured of Rs 1 lakh and policy term of 5 years. His premium is just 831 each year minus the service tax and cesses. In case he meets an untimely death, the nominee will receive the entire sum assured of 1 lakh, which can be used to repay the loan.

ICICI Prudential Term Insurance Plans and Policy

 

ICICI Prudential ULIP Plans
ICICI Prudential Life Time Classic
ICICI Prudential Elite Life Super
ICICI Prudential Elite Wealth Super
ICICI Prudential Guaranteed Wealth Protector
ICICI Prudential Smart Life
ICICI Prudential Smart Kid Solution
ICICI Prudential Saving Plans
ICICI Prudential Cash Advantage
ICICI Prudential Saving Suraksha
ICICI Prudential Assured
ICICI Prudential Future Perfect
ICICI Prudential Retirement Plans
ICICI Prudential Easy Retirement
ICICI Prudential Immediate Annuity Retirement

ICICI Prudential Group Insurance Plans
ICICI Prudential Loan Protect Group Insurance Plan
ICICI Prudential Loan Protect Plus Group
ICICI Prudential Group Term Plus
ICICI Prudential Group Gratuity
ICICI Prudential Group Superannuation
ICICI Prudential Group Leave Encashment Group
ICICI Prudential Group Immediate Annuity
ICICI Prudential Group Insurance Plans
ICICI Prudential Rural Insurance Plans
ICICI Prudential SarvJana Suraksha Rural
ICICI Prudential Anmol Bachat Rural