ICICI Prudential Life Guard | Features & Benefits

Overview –

Protect your family with ICICI Prudential’s LifeGuard. LifeGuard acts as a shield that safeguards your loved ones from financial insecurity, at all times.

A cost-effective plan, LifeGuard comes in two variants: LifeGuard with Return of Premium (life cover with maturity benefit), and LifeGuard Single Premium (premium at policy inception, cover till policy matures). Invest in a plan that best suits your requirements and guarantee your family lifelong comfort and security.

Eligibility -

*Premium is calculated based on your age and level of cover you choose.

Features & Benefits –

LifeGuard offers a choice of 2 life insurance plans: LifeGuard with Return of Premium and LifeGuard Single Premium. Take a look at the features and benefits of the plans:

Death benefit: Provide for your beneficiary to receive the Sum Assured should something occur to you.

Extended life cover: Invest in LifeGuard with Return of Premium plan and safeguard your family with an additional cover—at 50% of the original Sum Assured—for 5 years after your policy terminates.

Additional riders: Protect your family from accidents and disability by adding on the Accident and Disability Benefit Rider (ADBR) and the Waiver of Premium Rider (WOPR).

• ADBR: The rider benefit amount will be paid to your family in the event of death or disability due to an accident.
• WOPR: In the case of total and permanent disability due to an accident, all further premiums will be waived and policy benefits will continue.

Tax benefits: Receive tax deductions on premiums paid (u/s 80 C). Enjoy tax exemptions on maturity proceeds and death benefits [u/s 10 (10 D)] as per prevailing Income Tax laws.

Maturity benefit: Invest in LifeGuard with Return of Premium plan and receive all the premiums you have paid, when your policy matures.

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Tags: ICICI Pru Life Guard, ICICI Prudential Life Insurance, insurance policy, Life Insurance