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Today Date : Wednesday, May 22, 2024

ICICI Prudential Life Insurance launches an innovative savings product – ‘ICICI Pru Gold’

ICICI Prudential Life Insurance launches an innovative savings product – ‘ICICI Pru Gold’

ICICI Prudential Life Insurance has launched ICICI Pru Gold, an innovative long-term savings product designed to enable customers to create an additional income stream to meet their diverse income requirements. Besides receiving guaranteed lifelong income, the life cover component in the product provides financial security to the family.

To cater to the varied income needs of customers, this product is available in three variants i.e. Immediate Income, Immediate Income with Booster and Deferred Income. Customers opting for the ‘Immediate Income’ variant can choose to receive income after 30 days from the date of policy issuance, enabling them to immediately create a supplementary source of lifelong income.

Customers who purchase the "Immediate Income with Booster" variant receive additional guaranteed income every fifth policy year in addition to the lifelong income, which begins after 30 days from the policy issuance date, according to a communication from the company.