Icici Prudential Future Perfect Plan vs Lic Single Premium Endowment

Build wealth, secure dreams: ICICI Prudential Future Perfect Plan for a brighter future.

Savings alone won't make your dreams come true; you need to grow your money to reach your future goals. A investment plan like ICICI Pru Future Perfect helps grow your wealth with the promise of protecting your money. Typically, it is an ideal savings and protection-oriented plan. It offers dual assurances of guaranteed benefits and life cover.

In addition, the plan also offers the extra features of investment that help you build a corpus with bonuses that offer potentially higher returns. Under the ICICI Pru Future Perfect plan, the insurer pays a cash bonus to the policyholder at the end of each financial year, if any is declared. You can even choose a premium payment term based on your needs.

ICICI Pru Future Perfect is a versatile savings plan life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding.

ICICI Pru Future Perfect Plan offers you a range of benefits including:

• Guaranteed benefits
• Tax benefits
• Flexibility

• Special surrender value
• Loan benefit
• Life cover 

It is a traditional endowment with death and maturity benefits to the policyholder. Even a bonus facility is given along. In this plan, the premium is paid in the starting which is paid in a lump sum amount. It serves the investment purpose and even secures you if you face an untimely demise. There is a sure short return on them which means these plans are secure and provide people with financial benefits. These plans including the LIC'S single premium plan provide insurance cover for the policyholder which means that if any unfortunate incident takes place to the insured then a lump sum amount will be given to the family. So if the person is the breadwinner of the family, there might not be a problem if this plan is availed. Even rebates are offered by LIC's single premium policy. One can even avail loan on these plans. Under the Income-tax Act, tax benefits are there for the people who take these policies.

LIC Single Premium Endowment Plan offers you a range of benefits including:

• Maturity Benefits
• Death Benefits
• Multiple rider options

• Loan Facility
• Survival Benefits