1. What are the different plan options available under this plan?

ICICI Pru Gold offers three different plan options. You can choose any one of the following at inception.

• Immediate Income: Provides a regular income¹ at the end of every policy year, starting from the first policy year till the end of the policy term followed by a lump sum on maturity
• Immediate Income with booster: Provides a regular income¹ at the end of every policy year, starting from the first policy year till the end of the policy term. Along with the regular income, it also provides a benefit (known as Guaranteed⁷ Booster) every 5th policy year followed by a lump sum² on maturity
• Deferred Income: Provides a regular income¹ after a few years (known as the deferment period) instead of starting immediately, as per your income requirements. You can start this income as early as 2nd policy year or as late as Premium Payment Term plus 1 year. Also, get a lump sum² on maturity of the policy

2. What does the income comprise of under all plan options?

• Immediate Income: The income will comprise of –
  • Guaranteed⁷ Income (GI) and
  • Income which will be linked to Bonus, if declared; referred to as Cash Bonus⁶ (CB)
• Immediate Income with booster: The income will comprise of –
  • Guaranteed⁷ Income (GI)
  • Guaranteed⁷ Booster (GB), and
  • Cash Bonus⁶, if declared (CB)
• Deferred Income: The income will comprise of –
  • Guaranteed⁷ Income (GI) and
  • Income which will be linked to Bonus, if declared; referred to as Cash Bonus⁶ (CB)

3. What are the modes of payment of Income?

• Survival benefits (Income, booster) are paid at the end of the policy year by default. If you have opted for annual payment frequency, you also have the choice of receiving income in following ways:
  • Monthly income: Payable at the end of every policy month
  • Instant income: Payable at the beginning of each policy year starting within 7 working days of realisation of first year’s premium by the company post issuance of the policy

4. When does my income start different income payout modes?

• If policy issuance date is January 2025
• If income frequency is annual in arrears, then the income start date will be January 2026
• Only for Annual payment mode:-
  • If income frequency is monthly, then the income start date will be February 2025
  • If income frequency is ‘income in advance’, then the income start date will be within 7 working days of realisation of first year’s premium by the company post issuance of the policy

5. What is ‘Save the date’¹⁰ feature available under this plan?

With "Save the date"¹⁰, you have the option to receive income annually on any one date, during the policy year prior to the policy anniversary, to coincide with any special date like birth date or anniversary date. The benefit will be paid within 7 working days of realization of the respective Policy Year’s premium (if due) by Us or on this chosen date every year, whichever is later through the income term till policy termination.

This option needs to be selected at policy inception and cannot be changed during the policy tenure.

6. What is ‘Savings Wallet’⁸ and how does it work?

Savings Wallet gives you the following flexibilities:

• You have an option to accumulate Survival Benefit, instead of taking as payment during the policy term. The money within the wallet will be accumulated daily at an interest rate linked to the Reverse Repo Rate published by Reserve Bank of India (RBI). The interest rate used for accumulation under this feature will be reviewed twice every year on 1st of June and 1st of December, and will be set equal to Reverse Repo Rate published on RBI’s website as on the review date
• You also have an option to withdraw, completely or partially, the balance in the wallet anytime during the Income Term
• The balance in the wallet can also be used to offset⁹ any premiums due to be paid during the premium payment term. If the amount available for offset is not sufficient to adjust the due premium, the balance due premium shall remain payable as on the premium due date. We shall recognise the settlement of due premium only after receipt of the same in full

In case the balance in the wallet is not withdrawn completely during the income term, such balance will be paid along with the benefit payable to the claimant at the time of termination of the policy on death, surrender or maturity, whichever happens first.

7. Can I change the premium payment frequency?

• Change in mode of premium payment is allowed during the Premium Payment Term, but only on policy anniversary
• Policyholders who have opted for the Save the Date feature cannot change their mode of premium payment at any point during the premium payment term

8. What are the boundary conditions for ICICI Pru Gold?

^* Applicable Goods and Services Tax will be taken separately, as per applicable rates. The tax laws are subject to amendments from time to time.

The minimum Basic Sum Assured on Death will correspond to the minimum Annualised premium and vary by the Death Benefit multiple as per age of entry of the Life Assured. The maximum Basic Sum Assured on Death will be subject to board approved underwriting policy.

Premium Payment Frequency: Yearly, Half-Yearly, Monthly

Premium and Benefits will vary depending upon the plan variant chosen.

¹ In plan option ‘Immediate income’ and ‘Immediate income with Booster’, starting from the first policy year, you will receive a regular income at the end of every policy year, as chosen by you, provided the policy is in-force

In ‘deferred Income’ plan option, you will receive regular income at the end of every year, starting from end of deferment period as chosen by you, provided the policy is in-force. You can start this income as early as 2nd policy year or as late as Premium Payment Term plus 1 year

This regular income will comprise the following:

• Guaranteed Income (GI) and
• Income which will be linked to Bonus, if declared; referred to as Cash Bonus (CB)

You will receive this income till the date of maturity, death, surrender or lapse of the policy, whichever happens first

² For all plan options, Maturity Benefit will be sum of:

• Sum Assured on Maturity, plus
• Terminal Bonus (if declared)

The Sum Assured on Maturity shall be the sum of Annualised Premium payable under the policy.

³ ICICI Pru Gold offers three plan options namely ‘Immediate Income’ and ‘Immediate Income with booster’ and ‘Deferred Income’. The customer can choose any one of the three available options. Please refer to sales brochure for more details

⁴ Life cover is the benefit payable on death of the life assured during the policy term. For all plan options, Death Benefit is equal to:

• Sum Assured on Death, plus
• Interim Survival Benefit (if any), plus
• Terminal Bonus (if declared)

Where, the Sum Assured on Death is the highest of:

• 7 times the Annualised Premium
• 105% of the Total Premiums Paid as on the Date of Death
• Death Benefit multiple times Annualised Premium

⁵ Tax benefits under the policy are subject to prevailing conditions and 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, before acting on above

⁶ Bonuses will be applied through the simple bonus method. Cash Bonuses may be declared annually throughout the policy term for all three variants, and will be expressed as a proportion of the Annualised Premium. For a new policy sold with Date of Commencement of Risk on or after April 1 in any financial year, there may not be any Cash Bonus rate declared for such policies when the Survival Benefit becomes due to be paid. In such circumstances, the Company may pay a fixed cash income benefit in lieu of Cash Bonus. This fixed cash income benefit will be based on a non-participating Cash Income rate (declared by the Company annually in advance) and once declared shall remain guaranteed to be paid as part of Survival Benefit as and when it is due. Such payments in the form of fixed benefit shall continue till a Cash Bonus rate (as applicable for the policy) is declared and the Cash Bonus benefit, if declared, becomes payable at the next benefit due date. A separate Terminal Bonus may be declared under each variant, and will be payable on death, surrender and maturity, respectively, for a premium paying or a fully paid policy. Please refer to the sales brochure for more details

⁷ . In all plan options, guarantee is in the form of ‘Guaranteed income’ as regular income and ‘Sum assured on maturity’ as a part of Maturity Benefit. Additionally, in ‘Immediate Income with booster’ plan option, the ‘Guaranteed booster’ also forms a part of guaranteed benefits. Guaranteed returns are payable subject to all due premiums being paid and survival of the life assured

⁸ You have an option to accumulate the Survival Benefit, instead of taking the same as a periodic payment during the policy term. You need to opt in for this feature through explicit consent vide request submitted to Us, whereby the Survival Benefit when due will be transferred to the Savings Wallet. Upon crediting the Survival Benefit in the Savings Wallet on the due date, the Survival Benefit will be deemed to have been paid and any amount within the Savings Wallet will be non-participating in nature. This option can be opted for and opted out at any time during the Income Term. The money within the wallet will be accumulated daily at an interest rate linked to the Reverse Repo Rate published by Reserve Bank of India (RBI). The interest rate used for accumulation under this feature will be reviewed twice every year on 1st of June and 1st of December, and will be set equal to Reverse Repo Rate published on RBI’s website as on the review date. The current Reverse Repo Rate as at December 1, 2024 is 3.35% p.a. In case the balance in the wallet is not withdrawn completely during the income term, such balance will be paid along with the benefit payable to the claimant at the time of termination of the policy on death, surrender or maturity, whichever happens first. Please refer to the sales brochure for more details

⁹ You have the option to utilise the balance in the Savings Wallet to offset any premiums due to be paid during the premium payment term. The same has to be provided to Us as a request prior to the premium due date. Upon receipt of such request and confirmation of the same, We shall automatically deduct the authorized amount on the premium due date from the Savings Wallet. If the amount available for offset is not sufficient to adjust the due premium, the balance due premium shall remain payable by You as on the premium due date. We shall recognise the settlement of due premium only after receipt of the same in full. Please refer to the sales brochure for more details

¹⁰ Save the date: If the policyholder has opted for annual premium payment frequency, the Policyholder can also choose to receive the Survival Benefit annually on anyone "Special Date", during the policy year prior to the policy anniversary, as per their choice. The benefit will be paid within 7 working days of realisation of the respective policy year's premium (if due) by the company or on this chosen date every year, whichever is later through the income term till policy termination. This will be the ‘Save the Date’ feature

In case the Policyholder opts for a Special Date, the Survival Benefit payable each year would be adjusted by multiplying the amount with the following Save the Date factors, varying by the policy month in which the Special Date falls:

ICICI Pru Gold UIN: 105N190V04 Participating Non linked Life Individual Savings Product

W/II/1985/2024-25