ICICI Pru Cash Advantage

Overview

ICICI Pru Cash Advantage is a non-linked, individual life insurance savings plan that offers comprehensive benefits of savings and protection. This plan provides a guaranteed monthly income for 10 years and an additional cash bonus for each policy year (if declared).

You can also avail a policy loan against ICICI Pru Cash Advantage for up to 80% of your surrender value. It is an ideal savings plan for individuals seeking a payout term immediately after the premium payment term.

ICICI Pru Cash Advantage is a diverse life insurance plan. Let's explore its benefits in detail:

• Guaranteed Monthly Cash Payout
• Tax Benefits
• Flexibility
• Life Cover
• Flexible Premium Payment Term (PPT)
• Loan Benefits

Benefits of ICICI Pru Cash Advantage

There are various benefits to buying the ICICI Pru Cash Advantage Plan. Let's understand each of them in detail:

Death Benefit

In case of the unfortunate demise of the life assured during the policy term, a death benefit will be paid to the nominee.

Maturity Benefit

Upon the life assured's survival till the end of the policy term, ICICI Pru Cash Advantage will provide a Guaranteed Maturity Benefit plus vested reversionary bonuses (if any) and a terminal bonus (if any). The plan also offers the flexibility to choose to receive the annual income under guaranteed, lifelong, and long-term income options.

Tax Benefits

This plan offers tax benefits under different sections, which can go up to INR 2.5 Lakh under Section 10(10)D.

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.

How to Buy ICICI Pru Cash Advantage

How to Buy the Plan on PolicyX.com

1. Visit the official website of PolicyX.com.
2. Click on the 'Investment' tab.
3. A new page will appear.
4. Fill out the form at the top of the page with the necessary details.
5. Select your income and city. Click on 'Proceed'.
6. Update your education and occupation details.
7. Choose your preferred plan and click on 'Buy this plan'.
8. Select the policy term, premium period, investment amount, and riders (if required), then proceed to pay.

How to Buy the Plan on ICICI Pru Life Insurance Website

1. Visit the official website of ICICI Pru Life Insurance.
2. Hover over 'Investment Plans' from the top menu.
3. Click on 'ICICI Cash Advantage'.
4. Click on 'Buy Now' to be redirected to a new page.
5. Enter your name and contact information. A representative will contact you to discuss quotes.
6. After discussion, you can make the premium payment and receive the policy documents.

Exclusions

• Suicide within 12 months of policy purchase.
• Death due to consumption of any intoxicants.
• Death due to any aviation accident.
• Death due to any adventurous sports.

Documents Required to Buy ICICI Pru Cash Advantage

Here is the list of documents required to buy the ICICI Cash Advantage Plan:

• Photo ID Proof

  Any one of the following: Passport, Aadhaar card, PAN card, Driving license.

• Age Proof

  Any one of the following: Passport, Aadhaar card, PAN card, Driving license.

• Address Proof

  Any one of the following: Utility bill, Passport, Voter ID, Ration card.

• Medical Records

  Medical records of the policyholder, if requested.

• Income Proof

  Any one of the following: Bank statement, last three months' salary slips (for salaried individuals).

Conclusion

If you are looking for an investment plan that offers guaranteed returns for you and your family, consider ICICI Pru Cash Advantage. This plan provides guaranteed benefits.

For more information related to this plan, you can visit PolicyX.com, or call us at 1800 - 420 - 0269. Our insurance experts will listen to your unique needs and suggest the best possible solution for you.