ICICI Pru CashBak | Eligibility | Features & Benefits

Overview –

ICICI Pru CashBak is fixed-term insurance plans that offer you with funds at regular intervals. The plan also keeps your family economically secure should an untoward event ever happen.

Eligibility –

Minimum/Maximum Entry Age	16 years and 55 years
Minimum Sum Assured	Rs. 75000
Liquidity years for CashBak 15 years	3rd , 6th , 9th and 12th year
Liquidity years for CashBak 20 years	4th,8th, 12th and 16th year
Maturity Benefit	50% of Sum Assured + Guaranteed Additions and Vested Bonuses

Features and Benefits –

CashBak is a fixed-term insurance plan that you can invest in for either 15 or 20 years, depending on your financial goals and objectives. Take a look at the features and benefits of this plan:

Guaranteed additions: Receive extra sums at the rate of 3.5(%) per cent compounded yearly on the Sum Assured, for the first 4 years.

Liquidity benefit: Receive a percentage of the basic Sum Assured at the end of year 3, 6, 9 and 12, if you want a 15-year plan. If you choose a 20-year plan, receive payouts at the end of year 4, 8, 12 and 16.

Death benefit: Should something happen to you, your nominee will receive the Sum Assured along with guaranteed additions for the first 4 years, along with vested bonuses, irrespective of the survival benefits already paid.

Maturity benefit: Receive 50% of the Sum Assured along with guaranteed additions, for the first 4 years, and vested bonuses (if any).

Tax benefits: Enjoy tax savings on your premiums (under sec. 80 C) and tax exemptions on your death and maturity benefits [under sec. 10 (10 D)].

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Tags: ICICI Pru Cashbak, ICICI Prudential Life Insurance, Life Insurance