Icici Pru Cash Advantage
vs
Kotak Single Invest Advantage

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Icici Pru Cash Advantage vs Kotak Single Invest Advantage

Icici Pru Cash Advantage

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 ca...

Kotak Single Invest Advantage

Kotak Single Invest Advantage is a unit-linked insurance plan (ULIP) offered by Kotak Life Insurance. It combines the benefits of investment and insurance in a single package. To face every market situation, this plan offers three different investment strategies and five unique funds to diversify yo...

PLAN DETAILS

Icici Pru Cash Advantage


Kotak Single Invest Advantage

Premium Including GST
Key Features
(Key features of the plan)
  • Guaranteed Cash Benefit
  • Life cover
  • Policy Loan
  • Single premium payment option
  • Choice of 5 different funds
  • 3 investment strategies
Plan Uniqueness
  • Guaranteed Cash Benefit
  • Life cover
  • Policy Loan
  • Tax benefits
  • Loyalty additions
  • Fund options
Plan Maturity age Maximum Maturity Age - 75 years Maximum maturity age: 78 years
Premium payment term 5/10 Years Single
Plan Entry Age Minimum Age - 30 Days Maximum Age - 60 Years Minimum entry age: 3 years Maximum entry age: 45 years
Sum assured Minimum - 7 times / Maximum - 10 times the available SA 10 times the basic sum assured
Premium payment frequency Annual / Half-yearly / Monthly Single
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 15 to 20 years 10 and 15 years
Claim Settlement Ratio (2023-24) Minimum Age - 5 year Minimum Age - 5 year

Know More About Plans

Overview

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:

why-choose
  • Guaranteed Monthly Cash Payout
  • Tax Benefits
  • Flexibility
  • Life cover
  • Flexible PPT 
  • Loan benefits

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Bijender Singh

Reviewed By: Bijender Singh

With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.