ICICI Prudential · Savings · Guaranteed Income
Guaranteed Income For Tomorrow
A non-linked savings plan offering guaranteed lump sum or income payouts (with four plan variants) to fund goals like education, marriage, or retirement — no market risk involved.
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
CategoryGuaranteed Income
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 non-linked savings plan offering guaranteed lump sum or income payouts (with four plan variants) to fund goals like education, marriage, or retirement — no market risk involved.
You might need this if…
- You might need this if you want a fixed, guaranteed outcome rather than market-linked uncertainty for a specific future goal.
- Useful if you want the flexibility to choose how you receive the payout — as a lump sum, regular income, early income starting from year 2, or income from a single one-time payment.
- Fits if you have irregular cash flow needs in retirement or want guaranteed income to start well before the policy term technically ends (Early Income option).
- Good if you're a single-premium investor who wants deferred guaranteed income without ongoing premium commitments (Single Pay Income option).
How it actually works
- Four plan options: Lump Sum (guaranteed maturity payout), Income (regular guaranteed payments post-premium term), Early Income (partial income from year 2, then larger deferred income), and Single Pay Income (one-time premium, income from year 2).
- Premium payment terms of 1-12 years; policy terms of 5-20 years; entry age 5-18 minimum up to 60-75 maximum depending on option.
- Minimum annual premium ₹12,000-₹1,00,000 depending on option; POS channel caps annual premium at ₹2,50,000.
- Death benefit is the highest of several guaranteed calculations (10x or 1.25x premium, 105% of premiums paid, or sum assured × a death benefit factor).
- Guaranteed Surrender Value factors range from 15% (year 1) up to 90% (year 8+) of premiums paid; policy loans available after one year, up to 80% of surrender value.
- Premium frequency options include single, annual, half-yearly, or monthly, with a small loading (3% half-yearly, 6% monthly) reducing effective payout slightly.
Worked example
Under the Lump Sum option, a 35-year-old male paying ₹1 lakh/year for 10 years receives about ₹22.28 lakh after 20 years. Under the Income option, a 35-year-old female paying the same receives roughly ₹1.79 lakh/year for 10 years (or ₹15,370/month). Under Early Income, a 35-year-old male gets ₹25,000/year from year 2-11, then ₹1,13,871/year for 10 years thereafter. Under Single Pay Income, a 35-year-old female paying once gets ₹12,585/year for 9 years.
The tiers
| Plan Option | How It Pays Out | Example Return (age 35, ₹1 lakh/yr, 10-yr pay) |
|---|
| Lump Sum | One-time payout at maturity | ~₹22.28 lakh after 20 years (male) |
| Income | Regular payments after premium term ends | ~₹1.79 lakh/year for 10 years (female) |
| Early Income | Partial income from year 2, larger income later | ₹25,000/year (yrs 2-11), then ₹1,13,871/year (yrs 12-21) (male) |
| Single Pay Income | One-time premium, income from year 2 | ₹12,585/year for 9 years (female) |
Worth knowing before you decide
- This is a guaranteed, non-market-linked plan — no equity upside, but no market risk either.
- Death benefit is not paid if death occurs exactly on the maturity date — only the maturity benefit applies.
- Suicide clause: within 12 months of commencement or revival, only 80% of premiums paid or surrender value (whichever is higher) is paid.
- Revival of a lapsed policy is allowed within 5 years, but requires paying arrears plus interest based on prevailing G-Sec yields.
Official source
⌟ Official product brochure
Learn about this category
Read the full traditional life insurance explainer → · See all traditional savings products →