ICICI Pru Gold

What this product is

A participating, non-linked plan built around one idea: a guaranteed income for life, starting as early as 7 days after you take it out.

You might need this if…

• You want an income in retirement that doesn't rise and fall with the market — kept separate from the growth investments you already hold.
• You'd like that income to start almost immediately (within 7 days), or you'd rather defer it so it grows larger before you start drawing it.
• You're worried a flat payout won't keep up with rising costs — there's an option for the income itself to increase 5% every year.
• You don't want to be forced to spend the income the moment it lands — it can stay invested inside the plan, be withdrawn on your terms, or be used to cover future premiums.
• You want a life cover bundled in, so the plan still protects your family if something happens to you before it matures.

How it actually works

• Income timing — Immediate (within 7 days / from year 1) or Deferred (from year 2, or up to a year after you finish paying premiums, for a larger payout).
• Income growth — choose Level, or Increasing Guaranteed Income at 5% p.a. compounding.
• Maturity lump sum — a chosen 80%–120% of total premiums paid, plus a terminal bonus, when the policy ends.
• Savings wallet — unused income can accumulate and compound inside the plan instead of being paid out.
• Optional riders — Waiver of Premium, and Accidental Death & Disability (up to 3x base cover).

Worked example

Worth knowing before you decide

• Tax benefit of up to ₹46,800/yr on premiums, plus benefits on payouts.
• Loan available up to 80% of surrender value once eligible.
• Missed premiums after one full year paid → continues as a reduced, paid-up policy rather than lapsing.

Official source

⌟ Official product brochure

Learn about this category

Read the full traditional life insurance explainer → · See all traditional savings products →