ICICI Prudential · Savings · Non-Par Guaranteed
Future Perfect
A traditional (non-linked) savings and protection plan that builds guaranteed additions each year on top of a guaranteed maturity benefit, plus potential bonuses, for goal-based long-term saving.
Product data last fetched 26 August 2026. Features, premiums and availability may change — verify against the official brochure/policy wording before deciding.
The truth card
PurposeSavings — Traditional
CategoryNon-Par Guaranteed
InsurerICICI Prudential
Life CoverNot available in the current product data
PremiumNot available in the current product data
Policy TermNot available in the current product data
Premium-Paying TermNot available in the current product data
GuaranteeNot available in the current product data
Market ExposureNot applicable — non-linked
LiquidityNot available in the current product data
Lock-inNot available in the current product data
ChargesNot available in the current product data
Maturity BenefitNot available in the current product data
Death BenefitNot available in the current product data
SurrenderNot available in the current product data
Paid-upNot available in the current product data
Tax NotesDepends on policy structure, premium amount, issue date and applicable tax law — see our tax notes
XIRRNot available in the current product data
What this product is
A traditional (non-linked) savings and protection plan that builds guaranteed additions each year on top of a guaranteed maturity benefit, plus potential bonuses, for goal-based long-term saving.
You might need this if…
- You might need this if you want predictable, guaranteed annual growth (Guaranteed Additions) rather than market-linked ups and downs.
- Useful if you're planning for a 10-30 year goal and want the discipline of fixed premiums with a known minimum outcome.
- Fits if you like plans where the longer you stay in, the higher your annual guaranteed addition rate gets (rising from 8-10% up to 15-18% of premium).
- Good if you also want potential non-guaranteed bonuses (reversionary and terminal) layered on top of the guaranteed base, for some upside without full market exposure.
How it actually works
- Entry age from 18; premium payment terms of 5, 7, 10, 12, 15, or 20 years; policy terms 10-30 years; minimum annual premium ₹30,000; minimum death sum assured ₹3,00,000.
- Guaranteed Additions accrue annually as a percentage of annualized premium — starting at 8-10% (years 1-5) and rising to 15-18% (year 16+), depending on your premium payment term.
- Maturity benefit is the higher of (Guaranteed Maturity Benefit + accrued additions + bonuses) or 100.1% of annualized premium.
- Death benefit is the higher of (Guaranteed Maturity Benefit + accrued bonuses/additions), 105% of premiums paid to date, or 10x annualized premium.
- If premiums stop after at least one year, the policy converts to reduced paid-up status with proportionally lower guaranteed benefits.
- Policy loans available up to 80% of surrender value; revival possible within 5 years of the first missed premium.
Worked example
A 35-year-old male with a 20-year term, 10-year premium payment term, ₹30,000/year premium: guaranteed maturity benefit alone totals about ₹3,52,848 (₹2,70,348 GMB + ₹82,500 Guaranteed Additions). Including illustrative (non-guaranteed) bonuses, total maturity value is about ₹4,34,729 at 4% assumed return or ₹7,11,463 at 8%.
The tiers
| Policy Year | Guaranteed Addition (5-7 yr PPT) | Guaranteed Addition (10-20 yr PPT) |
|---|
| 1-5 | 8% | 10% |
| 6-10 | 10% | 12% |
| 11-15 | 12% | 15% |
| 16+ | 15% | 18% |
Worth knowing before you decide
- Reversionary and terminal bonuses are not guaranteed — only the Guaranteed Maturity Benefit and Guaranteed Additions are locked in.
- A paid-up (lapsed but not fully surrendered) policy forfeits future bonuses, only keeping proportional guaranteed benefits.
- Suicide clause: within 12 months of start or revival, only 80% of premiums paid or surrender value (whichever higher) is paid.
- Premium payment terms cannot be changed once the policy starts.
Official source
⌟ Official product brochure
Learn about this category
Read the full traditional life insurance explainer → · See all traditional savings products →