ICICI Prudential Life Insurance Launches New Income Product

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HT Bureau

GUWAHATI, Dec 6: ICICI Prudential Life Insurance launched a new non-participating savings product ‘ICICI Pru Guaranteed Income for Tomorrow (Long-term)’ on Monday. This product provides customers with the option to either receive regular guaranteed tax-free ‘Income’ or ‘Income with 110% Return of Premium’. Both these plan options provide income for up to 30 years. The life cover offered under this product continues for the entire duration of the policy including the income period, thereby providing financial security to loved ones.

Amit Palta, chief distribution officer, ICICI Prudential Life Insurance, said, “Financial planning has assumed added significance in a post-pandemic world, as individuals strive to ring-fence sources of future income or develop a supplementary source of steady income. Recognizing this need, we have launched ICICI Pru Guaranteed Income for Tomorrow (Long-term). Since customers know the exact amount of income receivable, it enables them to develop a robust financial savings plan. Our customer-centric approach coupled with new-age digitalization solutions offers customers a safe, secure, and virtually paperless onboarding experience.”

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