Guaranteed Return Plan

Q: Can Guaranteed plans help to save tax^?

Yes, Guaranteed plans help in saving tax^. The premiums paid for such plans are eligible for deduction under Section 80C^ and the Maturity amount is tax-free^ subject to conditions prescribed u/s 10(10D)^ of the Income Tax Act, 1961.

What is a Guaranteed Return Plan?

A guaranteed⁸ return plan, as the name suggests, lets you save your money and offers guaranteed⁸ returns for your future, with customisable income or return options as per your need.
There are plenty of reasons that can impact the financial market and affect your investments. This is why it is important to consider investing a portion of income in a guaranteed⁸ return product that provides fixed returns irrespective of changes in the market. A guaranteed⁸ return insurance plan enables you to save for your future expenses while offering a life cover^` that protects your loved ones in your absence.

⁸T&C Apply

How does Guaranteed Return Insurance plan work?

A guaranteed⁸ return investment plan allows you to save for your future and secure your loved ones financially in case of any unfortunate incident. The plan offers low-risk savings that can be used to cover varied financial goals. You can choose a sum assured based on your requirements on the basis of which the premium is determined. Upon maturity, your lump sum savings are given to you. Further, if any unfortunate incident occurs, your family gets the insurance payout that helps them live a comfortable life.

⁸T&C Apply

Why invest in a Guaranteed Return Plan?

Financial markets by nature are volatile, which in turn can affect your investments. In such a scenario, it is ideal to diversify your investment portfolio with a guaranteed⁸ return product. Since guaranteed⁸ return plans are low-risk, they are not affected by the movements of the market. So, you can rely on it for stable returns. Even though the returns may be low compared to other high-risk investments, there is no fear of losing your money or leaving your family members financially uncovered in their hour of need.

⁸T&C Apply

Guaranteed Return Plan How is a Guaranteed Return Plan more reliable?

A guaranteed⁸ return plan is a low-risk plan.

It is not affected by the movements of the market.

A guaranteed⁸ return plan offers stable returns.

Family members financially covered.

⁸T&C Apply

Benefits of Guaranteed Return Investment Plan

Guaranteed return plans, along with other similar savings plans constitute 85% of all insurance plans bought in India².
Here are some benefits of a guaranteed return investment plan that make these plans so popular:

Guaranteed^> Returns

You can expect guaranteed^> returns from such plans. The risk involved is low, so you can rely on these plans for your future.

^>Conditions apply

Life Cover^`

In case of an unfortunate incident during the policy term, your loved ones get the entire sum assured that can help them with their finances.

Tax Benefits^*

You can get deduction^{^} of premiums paid under Section 80C^{^} and Maturity amount is tax-free subject to conditions u/s 10(10D)^{^} of the Income Tax Act, 1961.

Add-on Benefits

You can add riders or add-on benefits, such as an accidental death benefit, critical illness cover or waiver of premium, to your guaranteed return plan. This helps provide additional financial security to you and your family at affordable rates.

Death benefits

These plans provide financial security to your loved ones in case of an unfortunate event during the tenure of the plan.

Maturity Benefits

The guaranteed return investment plan offers maturity benefits on completing the plan duration. This amount can be used to fulfil your financial goals like buying a house, your child’s higher education or wedding, investing for retirement, and more.

Let’s find the best plan for you Give your Savings the Power of Guarantee

Guaranteed Income

Power your short and long-term goals with a guarantee

Guaranteed Lifelong Pension (Annuity)

One smart investment today will build you a comfortable tomorrow

Guaranteed Lump-sum

Regular systematic savings today to build a tax-free^* fund for future

ICICI Pru GIFT Pro

100% Guaranteed^>, tax-free^* income for short-term and long-term needs

Option^¶ to get constant or increasing guaranteed^> income

Flexibility to choose percentage of lump sum MoneyBack¹ benefit and when you want to get MoneyBack¹ benefit

Enjoy tax^* benefits under Section 10(10D) & also save tax up to ₹ 46,800/-^* p.a. on premiums paid under Section 80C^*

Secure your family financially with Life Cover⁺ throughout the policy term

3% additional income and moneyback benefit online^~~

^>Conditions Apply

You Pay : ₹ 1 lakh p.a. for 10 years

You Get : ₹ 51.78 Lakh^{2^} over 30 years as total benefit

(Income + Moneyback)

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ICICI Pru Guaranteed Pension Plan Flexi

Get Guaranteed^$ lifelong pension (annuity) with easy systematic investment

Financially secure your loved ones with Waiver of Premium^≤ option

Get your entire investment back in the end through Return of Premium^Ω

Benefit of additional annuity when you pay higher premiums^{6^}

Tax^* benefits on premiums paid as per prevailing tax laws

^$Conditions Apply

You Pay : ₹ 10,000 p.m. for 15 years

You Get : ₹ 13,056 p.m. guaranteed^$ for life⁶

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ICICI Pru Saral Pension Plan

Pay once and get Guaranteed^~ pension (annuity) for Life

Buy online and get 1% extra every year throughout life^†

Nominee can get back the entire invested amount through Return of purchase price

Option for single-life or joint-life⁷ to financially secure your family

Higher annuity on higher investment^{8^}

Tax^* benefits on premiums paid as per prevailing tax laws

^~Conditions Apply

You Pay : ₹ 25 lakh just once

You Get : ₹ 13,750 p.m. guaranteed^~ for you and your spouse⁹

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ICICI Pru Guaranteed Income For Tomorrow (Lump Sum - Limited Pay)

Guaranteed^! amount at maturity on investing regularly monthly, half-yearly or yearly

Tax-free^* returns for your financial needs

Amount received is completely tax-free^* subject to conditions u/s 10(10D) & also save tax up to ₹ 46,800/-^* p.a. on premiums paid under Section 80C

Get life cover^`` for the entire policy term

Financial security of family is ensured as guaranteed income continues even in your absence

Buy online and get up to 2.5% additional maturity benefit^~*

^!Conditions Apply

You Pay : ₹ 10,000 p.m. for 10 years

You Get : ₹ 27.92 lakh guaranteed^! on the 20^th year¹⁰

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ICICI Pru Assured Savings Insurance Plan

Guaranteed⁺ amount paid at maturity

Guaranteed addition⁺⁺ of 9% or 10% added to your invested amount every year of your policy term

Flexibility in payment: Pay in Monthly, Half-yearly, or Yearly premium payment mode^÷

Get life cover^` for the entire policy term

Tax savings on premiums paid u/s 80C^* & maturity amount ins tax-free subject to conditions u/s 10(10D)^*

⁺Conditions Apply

You Pay : ₹ 5,000 p.m. for 5 years

You Get : ₹ 4.23 lakh guaranteed⁺ on the 10^th year¹¹

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Factors to Consider when Buying a Guaranteed Return Plan

Below are some factors to consider when buying a guaranteed return insurance plan:

Financial Goals

You may have financial goals like buying a house, starting a new venture, saving for retirement and more. When choosing a guaranteed return plan, you must consider your financial goals. You should choose a plan that aligns with your goals and helps you achieve them.

Policy Tenure

The tenure of your guaranteed return investment plan is an important factor in achieving your financial goals. You must consider the time to achieve your financial goals and your life stage when purchasing a plan. A longer tenure can potentially yield better returns. While a shorter policy tenure can be subject to market fluctuations. You should take all these factors into consideration when choosing a plan that aligns with your goals.

Premium Payments

You should look for a plan that provides you with the flexibility of paying premiums one-time, annually, half-yearly or monthly as per your convenience. This can help you manage your financial situation and also achieve your goals.

Adequate Returns

It is essential to evaluate the guaranteed returns offered by the plan and ensure they align with your financial goals. Additionally, you must also check for any additional returns through bonuses or additions from the plan which can enhance your payouts.

COMP/DOC/Mar/2024/123/5656

What are the steps to buying a Guaranteed Return Investment Plan?

Here are the steps of buying a guaranteed return investment plan:

Create your savings plan

Fill application

Make payment & upload document

Plan
Issued

When should you buy a Guaranteed Return Plan?

Like all investments, guaranteed return plans should be connected to your financial goals. These goals will depend on what stage of life you are at. Some may be looking to secure their child’s future; some may look for savings and a second stream of income, others may look for an income post retirement free from market risks. A guaranteed return plan will be suitable at any age for any life goal.

Who Should Buy Guaranteed Return Investment Plans?

A guaranteed return insurance plan can be ideal for anyone and everyone. From a salaried individual to a business owner to a first time jobber or a person nearing retirement, Guaranteed Return insurance plan is a suitable plan for anyone and in any age-group. Since the policy terms for these plans range from 10 to 30 years, such plans can be suitable for saving for your future financial needs.

Frequently Asked Questions

Are the returns fixed, or can they increase over time?

The returns in a guaranteed return plan are fixed, meaning you know exactly how much you’ll get at maturity. Unlike market-linked plans, these don’t fluctuate with market performance. It is ideal if you prefer stability over potential for higher, but less certain, gains.

What are the maturity benefits in a Guaranteed Return Plan?

At maturity, you receive a lump sum payout that’s pre-determined at the start of the plan. This amount can be used for various financial goals, such as funding a child’s education or retirement.

Which investment gives the highest return in the long run?

Generally, equity investments and mutual funds have the potential to yield the highest returns over the long run, though they come with risks. If you prefer guaranteed returns, these plans offer stability but may not be able to compete with high-risk options in terms of returns.

Can I add riders to enhance the coverage of my Guaranteed Return Plan?

Yes, many guaranteed return plans offer optional riders for added protection. You can include riders like disability rider or accidental death benefits, which provide extra financial support during emergencies. This can make your investment more comprehensive and suitable for unforeseen situations.

What are the factors to consider when buying Guaranteed Return Plan?

Consider your financial goals, investment horizon, and risk tolerance. Look at the plan’s maturity benefits, premium payment options, and any available riders. Also, check if the returns match inflation rates, as this impacts your actual purchasing power versue the returns over time.

Where should I invest my money for guaranteed returns?

For guaranteed returns, you can consider options like guaranteed return plans offered by life insurance companies. These plans provide life cover along with fixed returns, making them a balanced choice for securing your financial future.

Factors affecting returns

The returns are dependent on the policy term, premium payment term, investor’s age and income period.

Age - The earlier you invest the more will be your returns.
Gender - Returns are higher for women investors vs male due to mortality rate.
Policy Term - You also get higher returns for staying invested for longer. The longer you stay in the policy, the greater will be your returns.
For example, "if you pay for 5 years and get income for 10 years, the rate of return would be higher compared to what you pay for 5 years and opt for income for 5 years, since you stay for a longer duration."

How much money should I save every month/year?

There is no fixed rule as to how much money should one save every month or year. The obvious answer would be, the more the better. Then there are certain thumb rules like the 50/30/20 rule^ˇ, which states that 50% of your budget or income should be kept for essentials like rent and food, 30% for discretionary spending, and at least 20% for savings. This too can vary depending on age and income. At a younger age, when one is starting a professional career, income and responsibilities may be lesser. When one is older income may be higher but so will be the responsibilities. The ideal way would be to have financial goals in mind and to work towards achieving them by saving accordingly.

Can Guaranteed plans help to save tax^{^}?

Yes, Guaranteed plans help in saving tax^{^}. The premiums paid for such plans are eligible for deduction under Section 80C^{^} and the Maturity amount is tax-free^{^} subject to conditions prescribed u/s 10(10D)^{^} of the Income Tax Act, 1961.

Who is eligible to invest in a Guaranteed plan?

A guaranteed plan can be suitable for all types of investors. Be it first-time investors, salaried professionals, business owners and even those planning for their retirement. This plan has policy term options that can make it a good choice for anyone between the ages of 18 and 60 years.

Should I pick a long-term or a short-term Guaranteed plan?

Guaranteed plans should be selected basis an individual's financial goals and life stage/age, that he or she may be in. For example; a long-term guaranteed plan would best suit a young professional who has just started his/her career as the premium amount is affordable as tenure is spread over a long-term and the amount invested gets more time to give better returns. Similarly, someone who would be close to retiring and wishes to add to a guaranteed source of income may consider a short-term guaranteed plan.

COMP/DOC/Dec/2024/612/7815

ICICI PRU PROMISEWhy Choose ICICI Pru Life?

₹2.40 lakh Cr^%

Assets under management

₹ 58.1 Cr^&

Lives covered

₹ 2.04 lakh Cr^$$

Benefits paid till March 31, 2022

1.5 days^>>

average claim settlement time

Disclaimers

^`Life cover is the benefit payable on death of the Life Assured during the policy term.

^!! As per IRDAI Annual Report 2021-22

^<< Claim statistics are for Financial Year FY2021-22 and is computed on individual basis claims settled over total individual claims for the financial year. For details, refer to Annual Report on our website.

^** As per IRDAI Annual Report 2021-22, average turnaround time for non-investigated retail death claims from receipt of last requirement.

^% Data regarding AUM is as per Annual Report of the Company for FY2022.

^& 58.1 mn lives covered across our individual and group customers as per ICICI Prudential Life Council Report.

^$$ As per Financial Statements (Schedule 4- Benefits paid (Gross)) of the company, benefits paid since inception up to March 31, 2022.

^>> Average turnaround time for non-investigated retail death claims from receipt of last requirement as per Annual report for FY2022

^ˇ How much should you Save Every Month for a Secured Future? - https://www.canarahsbclife.com/blog/term-insurance/how-much-should-you-save-every-month-for-a-secured-future.html

ICICI Pru Gift Pro

^> Guaranteed Benefits will be payable subject to all due premiums being paid

^¶ Level Income and Increasing Income are income options available under GIFT Pro. Guaranteed Benefits will be payable subject to all due premiums being paid. Under Level Income, the Guaranteed Income will remain constant throughout the income period. If Increasing Income is selected, the Guaranteed Income will increase at a simple interest rate of 5% p.a. You can either opt for Level Income or Increasing Income option. This option has to be selected at inception and cannot be changed later.

^* Tax benefits of ₹46,800 under Section 80C is calculated at highest tax slab rate of 31.20%(including cess excluding surcharge) on life insurance premium under Section 80C of ₹1,50,000/-. Tax benefits under the policy are subject to conditions under Sections 80C, ,10(10D), 115BAC and other provisions of the Income Tax Act,1961. Goods and Services tax and Cesses, if any will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details

⁺ Life Insurance Cover is the benefit payable on death of the Life Assured during the policy term

^~~ Additional Benefit is offered for online sales: For both Level Income/Increasing Income Plan option, Extra 3% of Guaranteed Income and Moneyback Benefit is applicable.

¹ You can choose to receive any percentage from 0% to 100% of the sum total of all annualized premiums payable by you as MoneyBack Benefit. This will be paid as a Lump sum amount. Additionally, you also have the flexibilty to choose any year, on or after the maturity date of the policy up to the last income year, to receive this MoneyBack Benefit. Your Guaranteed Income amount will be adjusted based on the MoneyBack Benefit % and payout year selected by you.

^{2^} The total amount is calculated for a 30-year-old healthy male with a premium paying term of 10 years, deferment period of 2 years, income period of 30 years taking income in annual instalment along with 100% MoneyBack with the last income under Increasing Income plan option. The premium shown is exclusive of taxes and the mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.

ICICI Pru Guaranteed Pension Plan

^” Annuity will be payable in arrears. The frequency of annuity payments can be monthly, half-yearly, quarterly or annually as chosen by the annuitant at the time of purchasing the annuity. The annuity amount chosen at policy inception is guaranteed for life.

³ This option is available only with Joint Life. Joint life can be either the spouse, child, parent or sibling.

^% Annuity rates applicable would be as per the annuity rate prevailing on the day of purchase.

⁴ Under this option, you can get back your initial investment on attaining a certain age or in case of a specified critical illness, permanent disability or demise.

^{7^} For more information on higher purchase price benefit, please refer to the product brochure

^* Tax benefits are subject to conditions under Section 80C, 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services tax and Cesses, if any will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for more details.

⁵ This pension amount has been calculated for a male of age 60, with Purchase Price = ₹ 15 lakh(exclusive of GST), and choosing the option "Deferred Single Life with Return of Purchase Price" with a deferment period of 10 years.

ICICI Pru Guaranteed Pension Plan Flexi

^$ Your annuity/income is informed to you when you buy the plan and is guaranteed~ and unchanged for life.

^Ω With the ROP option, your nominee gets back all your premiums paid after you

^{6^} For more information on higher purchase price benefit, please refer to the product brochure

^≤ This option is available solely with Joint-Life options.

⁶ The given annuity is calculated for a 40-year-old male. The premium chosen is ₹ 10,000 p.m. (excluding taxes) for 15 years under the “Single life with ROP” option. The deferment period is 15 years & the guaranteed addition option is GA-II. The mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.

ICICI Pru Saral Pension Plan

^~ Your annuity is informed to you when you buy the plan and is guaranteed and unchanged for life.

^† You can get an additional annuity of 1% on the purchase price when you buy online. NPS Benefit, Loyalty Booster and Online Booster cannot be taken together.

⁷ 2 immediate annuity options available, namely (a) Life Annuity with Return of 100% of Purchase Price (ROP), (b) Joint life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor. Joint Life will be the spouse of the primary annuitant

^{8^} For more information on higher purchase price benefit, please refer to the product brochure

⁹ The given annuity amount has been calculated where the Primary Annuitant is a 60-year-old male, and the Secondary Annuitant is a 55-year-old female. The Purchase Price is 25 lakhs(without GST), and the option chosen is Joint Life Last Survivor with ROP. The amount Rs. 13,750 is monthly income/annuity that is received by the customer.

ICICI Pru Guaranteed Income For Tomorrow (Lump-sum)

^! Guaranteed benefits in the form of lump sum will be payable under Lump Sum Plan option. Guaranteed benefits in the form of regular income will be payable under Income Plan option and Early Income Plan option provided all due premiums have been paid.

^* Tax benefits of ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium u/s 80C of ₹1,50,000. Tax benefits/Tax-free returns under the policy are subject to conditions under Sections 80C, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any will be charged extra as per applicable rates. Tax laws are subject to amendments from time to time. Please consult your tax advisor for more details.

^~* Additional Maturity Benefit is offered for online sales: For Lump Sum Plan option, 2.5% of Sum Assured on Maturity is applicable for Limited pay. In case of Single Pay in Lump Sum Plan option, 1% of Sum Assured on Maturity is applicable. For Income Plan option, 2.5% of Guaranteed Income is applicable. For Early Income Plan option, 3.5% of Guaranteed Income is applicable. For Single Pay Income Plan option, 1% of Guaranteed Early Income is applicable.

^`` Life cover is the benefit payable on death of the Life Assured during the policy term.

¹⁰ Calculated for a 30-year-old healthy male with a premium paying term of 10 years and a policy term of 20 years for Lump Sum plan option. The premium shown is exclusive of taxes and the mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.

ICICI Pru Assured Savings Insurance Plan

⁺ Guaranteed Maturity Benefit (GMB): Your GMB will be set at policy inception and will depend on policy term, premium, premium payment term, age and gender.

⁺⁺ Guaranteed Additions (GAs) rate will be 9% for policy term of 10 years and 10% for policy term of 12 & 15 years. GAs will be added to the policy at the end of every policy year if all due premiums have been paid. Each GA will be calculated as GA rate multiplied by the total premiums paid till date (excluding extra mortality premiums, Goods & Services Tax and Cess (if any)).

^* Tax benefits/Tax-free returns under the policy are subject to conditions under Sections 80C, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any will be charged extra as per applicable rates. Tax laws are subject to amendments from time to time. Please consult your tax advisor for more details.

^÷ For monthly and half-yearly modes of premium payments, additional loadings will be applied to both the base premium and the extra mortality premium. The additional loadings, expressed as a percentage of the annual premium will be as given below.

Mode of Premium Payment	Loading (% of premium)
Monthly	4.5%
Half-yearly	2.5%
Yearly	NIL

^` Life cover is the benefit payable on death of the Life Assured during the policy term.

¹¹ Calculated for a 30-year-old healthy male with a premium paying term of 5 years and a policy term of 10 years. The premium shown is exclusive of taxes and the mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.

ICICI Pru GIFT Pro (A Non-Linked Non-Participating Individual Savings Life Insurance Plan) UIN:

ICICI Guaranteed Pension Plan Flexi (A Non-linked Non-participating Individual Annuity Plan) UIN:

ICICI Pru Saral Pension (A Non-linked Non-participating Single Premium Individual Immediate Annuity Plan) UIN:

ICICI Pru Guaranteed Income For Tomorrow (A Non-linked Non-participating Life Individual Savings Product) UIN:

ICICI Pru Assured Savings Insurance Plan (A Non-linked Non-participating Individual Savings Life Insurance Plan) UIN:

W/II/1402/2023-24

W/II/1484/2022-23

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CHECK RETURNS

Guaranteed Return Plan

Guaranteed Return Plan

Guaranteed Return Plan How is a Guaranteed Return Plan more reliable?

Benefits of Guaranteed Return Investment Plan

Guaranteed> Returns

Life Cover`

Tax Benefits*

Add-on Benefits

Death benefits

Maturity Benefits

Let’s find the best plan for you Give your Savings the Power of Guarantee

Guaranteed Income

Guaranteed Lifelong Pension (Annuity)

Guaranteed Lump-sum

ICICI Pru GIFT Pro

ICICI Pru Guaranteed Pension Plan Flexi

ICICI Pru Saral Pension Plan

ICICI Pru Guaranteed Income For Tomorrow (Lump Sum - Limited Pay)

ICICI Pru Assured Savings Insurance Plan

Factors to Consider when Buying a Guaranteed Return Plan

Financial Goals

Policy Tenure

Premium Payments

Adequate Returns

What are the steps to buying a Guaranteed Return Investment Plan?

Frequently Asked Questions

ICICI PRU PROMISEWhy Choose ICICI Pru Life?

₹2.40 lakh Cr%

₹ 58.1 Cr&

₹ 2.04 lakh Cr$$

1.5 days>>

Disclaimers

People like you also read...

Guaranteed^> Returns

Life Cover^`

Tax Benefits^*

₹2.40 lakh Cr^%

₹ 58.1 Cr^&

₹ 2.04 lakh Cr^$$

1.5 days^>>