ICICI Prudential
ICICI Pru Cash Advantage is a non-linked individual life insurance sav ...Read More
ICICI Pru Cash Advantage is a non-linked individual life insurance savings plan. It offers comprehensive benefits of savings and protection in the same plan. This plan provides guaranteed monthly income for 10 years.
A quick read on what this ICICI Prudential term plan covers and why it might be a fit for you.
ICICI Pru Cash Advantage is a non-linked individual life insurance savings plan. It offers comprehensive benefits of savings and protection in the same plan. This plan provides guaranteed monthly income for 10 years. It also offers an additional cash bonus for each policy year ( if declared).
You can also avail yourself of a policy loan against ICICI Pru Cash Advantage for up to 80% of your surrender value. In short, this is a perfect saving plan for individuals who are looking for a payout term immediately after the premium payment term.
ICICI Pru Cash Advantage is a diverse insurance plan life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding.
ICICI Pru Cash Advantage Plan offers you a range of benefits including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the ICICI Pru Cash Advantage Plan works with a simple premium illustration.
Sanchit Jain, a 30-year-old is looking for an investment plan to create long-term wealth for his child.
His financial advisor advised him to buy the ICICI Cash Advantage. He visited PolicyX.com
Let's understand how the ICICI Cash Advantage Plan works for him with a premium illustration table.
| Age of policyholder | Guaranteed Cash Benefit | Guaranteed Maturity Benefit | Bonuses | Life cover |
| 30 years | Rs.5,307 per month | Rs. 5.31 lakh | Rs. 10.63 lakh | Rs. 10 Lakh |
There are various benefits to buying the ICICI Pru Cash Advantage Plan. Let’s understand each of them in detail:
Key features that make ICICI Pru Cash Advantage stand out.
Guaranteed Benefit
It offers the Guaranteed Cash Benefit (GCB), equal to 1% of GMB every month for a payout term of 10 years.
Life Cover
You get life coverage throughout the entire policy term.
Loan Benefit
You can avail of loan benefits depending upon your surrender value.
Flexible Payments
It offers limited premium payment terms, including, 5,7, and 10 years.
Keep these documents handy when applying for ICICI Pru Cash Advantage.
Photo ID Proof
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Age Proof
Age Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Address Proof
Address Proof (either of one) - Utility bill, passport, voter ID, ration card.
Medical Records
Medical Records of the policyholder if requested.
Income Proof
Income Proof ( either of one) - bank statement, last three months' salary slips (if you are salaried).
You can buy the ICICI Pru Cash Advantage Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.
Here are the key features of the ICICI Pru Cash Advantage.
Conclusion
If you are looking for an investment plan that offers guaranteed returns for you and your family you must opt for ICICI Pru Cash Advantage. This plan offers guaranteed benefits.
The 7 most-asked questions about ICICI Pru Cash Advantage, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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