Icici Pru Cash Advantage
vs
Lic Bima Diamond

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Icici Pru Cash Advantage vs Lic Bima Diamond

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...

Lic Bima Diamond

LIC launched the Bima Diamond Plan (table No. 841) on September 19, 2016. This is a non-linked plan, i.e. it doesn't depend on the share market. It is a limited premium paying money-back plan in which the policyholder would be paying fewer premiums for a more extensive policy coverage period. It pro...

PLAN DETAILS

Icici Pru Cash Advantage


Lic Bima Diamond

Premium Including GST
Key Features
(Key features of the plan)
  • Guaranteed Cash Benefit
  • Life cover
  • Policy Loan
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Uniqueness
  • Guaranteed Cash Benefit
  • Life cover
  • Policy Loan
  • Death Benefits
  • Auto Cover
  • Loyalty Addition
Plan Maturity age Maximum Maturity Age - 75 years Maximum Maturity Age - 65 years
Premium payment term 5/10 Years 10 to 15 years
Plan Entry Age Minimum Age - 30 Days Maximum Age - 60 Years Minimum Age - 14 years Maximum Age - 45 years
Sum assured Minimum - 7 times / Maximum - 10 times the available SA Rs 1 lakh to Rs 5 lakh
Premium payment frequency Annual / Half-yearly / Monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 15 to 20 years 16, 20, 24 years
Claim Settlement Ratio (2023-24) Minimum Age - 5 year 98.62

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.