loader2
Partner With Us NRI
guaranteed-income-for-tomorrow

Guaranteed Income For Tomorrow (GIFT)

  • 6, 7, 8, 10 or 12 Yrs

  • 25,000

  • 7.5%

  • Yes

  • Invest Now

Product Overview

A Protection & Savings orineted Life Insurance plan, which gives financial protection to your family and the Power of Guaranteee to achieve Life Goals

  • Guaranteed Tax Free* Income for a period of 15 - 30 Years
  • Get Back 110% of the Premiums paid
  • Buy Online and get 2% Additional Income

Policy Returns

Invested 1 Lakh for 10 years with policy term 11 years after maturity for next 11 year get guaranteed income of
2.05 lakh yearly

  • Absolute Return
  • Return after tax

Category Returns

Returns on invested amount of 1 Lakh for 10 Yrs

  • Absolute Return
  • Return after tax

Calculator

My current age is Yrs. I want to Invest
per year for Yrs.
After maturity for next 10 years get guaranteed icome of

3.25 lakh yearly

How Does the plan work

  • Payment Period

    Payment Period

    Decide how many years you want to pay premiums for 7, 10, 12 years

  • Income Period

    Income Period

    Decide how many years you want to Get Income for 15, 20, 25 ,30 years

  • Life Cover

    Life Cover

    Get Life cover for the entire policy term. (Policy Term is Premium payment term +1 Year ), You can also choose life cover during the Income period?

Plan options

Years
Income 15Yr () 220Yr () 25Yr () 30Yr ()
Regular income per annum 152,450 129,850 118,481 110,253
Total amount (a) 2,286,750 2,597,000 2,962,025 3,307,590
Maturity amount (b) 0 0 0 0
Total payout (a+b) 2,286,750 2,597,000 2,962,025 3,307,590
Years
Income 15Yr () 220Yr () 25Yr () 30Yr ()
Regular income per annum 109,500 103,995 100,614 98,285
Total amount (a) 2,286,750 2,597,000 2,962,025 3,307,590
Maturity amount (b) 1,100,000
Total payout (a+b) 2,742,500 3,179,900 3,615,350 4,048,550
Years
Income 15Yr () 220Yr () 25Yr () 30Yr ()
Regular income per annum 152,857 130,669 123,824 116,870
Total amount (a) 2,292,855 2,613,380 3,095,600 3,506,100
Maturity amount (b) 0 0 0 0
Total payout (a+b) 2,292,855 2,613,380 3,095,600 3,506,100
Years
Income 15Yr () 220Yr () 25Yr () 30Yr ()
Regular income per annum 109,063 107,880 106,154 105,357
Total amount (a) 1,635,945 2,157,600 2,653,850 3,160,710
Maturity amount (b) ₹ 1,100,000
Total payout (a+b) 2,735,945 3,257,600 3,753,850 4,260,710

Plan is suitable for whom

retirement-solution1

Retirement Solution - If you have crossed 40 and plan to get Regular Guaranteed Income you could look at this plan

retirement-solution1

Asset Alocation - If you are an Equity investor and want to allocate some portion towards Debt side you could consider this plan

retirement-solution1

Tax Free Debt (Fixed Income ) instrument - Returns from the plan both Income & Maturity is Tax free for premiums upto 5L

retirement-solution1

Second Income - If you are in your early thirties, and want to create a second source of income in few years you could look at this plan

retirement-solution1

Kids Education - If you have young kids ( Less than 5 years), and you want to get regular cash flow to meet their future educational needs

Riskometer

returnmeter
  • Fully Guaranteed Returns
  • Market linked
  • Partially Guranteed Returns
  • Guaranteed Returns
  • Partially Guaranteed Returns
  • Market Linked Equity based Returns
  • Market Linked Debt based Returns

Return Meter

returnmeter
  • Fully Guaranteed Returns
  • Market linked
  • Partially Guranteed Returns
  • Guaranteed Returns
  • Partially Guaranteed Returns
  • Market Linked Equity based Returns
  • Market Linked Debt based Returns

What Returns to expect from the plan

  • Returns (IRR) you can expect in in the range of 6% - 7%
  • Returns are depended on mutiple factors, Age Premium Amount, Premium Payment Period, Income Period
  • Guaranteed Returns
  • Check the Benefit Illustration for exact amount

What are the TAX Advantages in the plan

  • On the Premiums paid you can avail Tax Benefits u/s 80 C of Income Tax act
  • On the Income & Maturity Tax benefits as per section 10 10 (D) can be availed

Good of the Plan

  • Lock in Guaranteed Rates/Returns for a long period of time
  • No Interest Rate (reinvestmnet risk) as your returns are guaranteed when you enter the plan itself
  • TAX free Returns on Annual Premium upto 5L*

Not so Good about the Plan

  • Committment to pay premiums for entire policy term
  • If you want to exit before the Premium payment term is over then Surrender benefits are very low
  • Returns are not high in the range of 6%- 7 %

Compare GIFT with Fixed Deposit

Parameters Gift Fixed
Deposit
Guaranteed Return Yes Yes
Tax Free Return Yes No
Life Cover Yes No
Riskometer Low Low
Liquidity no Yes
Higher Returns no no
Commitment to Pay Regularly Yes no
Any Penalty on premature withdrawl yes yes
Score on Number of Green on the above parameter 4 4

Choose the products as per your Goals and requirement

Compare GIFT with Mutual Funds

Parameters Gift Equity Mutual Fund Debt Mutual Fund
Guaranteed Return Yes Yes Yes
Tax Free Return Yes Yes No
Life Cover Yes Yes No
Riskometer Low Low Low
Liquidity no no Yes
Higher Returns no no no
Commitment to Pay Regularly Yes Yes no
Any Penalty on premature withdrawl no no yes
Score on Number of Green on the above parameter 4 4 4

Choose the products as per your Goals and requirement

Exclusive Features

Save the date - Get the payout on the date of your choice, Birthday, Anniversary etc

MWPA - Married Women Property Act works as a TRUST so the maturity proceeds can go only to the Nominee and any Creditors cannot access the same

Expert Talks

Dilip krishnamurti Relationship Manager at ICICI Prudential AMC Hyderabad, Telangana, India

orem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore dolore magna aliqu. Quis ipsum suspendisse ultrices gravida. Risus commodo viverra maecenas

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore dolore magna aliqua. Quis ipsum suspendisse ultrices gravida. Risus commodo viverra maecenas accumsan lacus vel facilisis. sed do eiusmod tempor incididunt ut labore dolore magna aliqua.

Read More

FAQs

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.