Your plan, Your way!

Invest on your own terms with complete control on your benefits

Launching

Choose between
Increasing income
or Level income

Choose how much

MoneyBack benefit
you want

Choose when you

receive the
MoneyBack benefit

Choose how much

life insurance cover
you get

1
Conditions apply
 A Plan to Fit Your Needs

Life is peaceful when you can plan your goals ahead of

time. You need a plan that can take care of your family's
financial security with a life insurance cover as well as
secure your life goals like marriage, parenthood,
children's education and retirement.
Presenting ICICI Pru GIFT Pro, a protection and
savings-oriented life insurance plan which helps you
build a safety net to provide financial protection to your
family along with guaranteed benefits. With ICICI Pru
GIFT Pro, you can achieve your life goals like a PRO.
 Salient features that make
ICICI Pru GIFT Pro suitable for you

Life Insurance Cover for financial security of your family

Flexibility of selecting duration of Guaranteed Income as per your needs

Option to receive Guaranteed income that either stays level throughout

the income duration or increases every year

MoneyBack Benefit flexibilities to choose:

Percentage of MoneyBack Benefit i.e. sum of total annualized

premiums payable: It can be any number from 0% to 100%.

When you want to receive MoneyBack Benefit: It can be paid

at the maturity date or at the end of any policy year within the
income period

Option to enhance your Guaranteed Income amount with

Low Cover Income Booster

Option to receive income on date of your choice through Save the Date option

Option to withdraw future benefits in advance by converting into a lump sum

Tax benefits may be applicable on premiums paid and benefits received

as per the prevailing tax laws

BUY
ONLINE The product is also available for purchase online
 Plan at a glance - Eligibility Criteria to buy the product

Premium Payment Term Policy Term Income Period* Min/Max Age at Entry Min/Max Age at Maturity
(in years) (in years) (in years) (in years) (in years)

5 8 to 10 18/70

6 8 to 11 18/71

7 8 to 12 18/72

8 9 to 13 18 minus 18/73
5/7/10/12/
Policy Term /
15/20/25/30
9 9 to 14 60 18/74

10 10 to 15 18/75

11 11 to 16 18/75

12 12 to 17 18/75

Minimum Annual Premium: ` 50,000

Maximum Annual Premium: Subject to Board Approved Underwriting Policy (BAUP)
Minimum Sum Assured on Death: ` 3,50,000
Maximum Sum Assured on Death: Subject to Board Approved Underwriting Policy (BAUP)
Premium Payment Frequency: Annual, Half-Yearly, Monthly
*Income Period starts at the end of the policy term.
#Goods and Services Tax are applicable on premiums as per the prevailing Tax Laws. The tax laws are subject
to amendments from time to time.
 Plan details for POS variant:

Premium Payment Term Policy Term Income Period* Min/Max Age at Entry Min/Max Age at Maturity
(in years) (in years) (in years) (in years) (in years)

5 8 to 10

6 8 to 11

7 8 to 12
18 minus
8 9 to 13
5/7/10/12/ Policy Term /
18/65
15/20/25/30 65 minus
9 9 to 14
Policy Term

10 10 to 15

11 11 to 16

12 12 to 17

Minimum Annual Premium: ` 50,000

Maximum Annual Premium: Subject to maximum Sum Assured on Death
Minimum Sum Assured on Death: ` 3,50,000
Maximum Sum Assured on Death: ` 25,00,000
Premium Payment Frequency: Annual, Half-Yearly, Monthly
*Income Period starts at the end of the policy term.
#Goods and Services Tax are applicable on premiums as per the prevailing Tax Laws. The tax laws are subject
to amendments from time to time.
 A GIFT with many flexibilities

You pay premiums for a certain period of time (known as the premium payment term). After the completion of policy
term, you will receive Guaranteed Income (GI) at the end of every month/year for a certain period (known as the
Income Period). Please go through the details given below to know about the various flexibilities available to you:

Flexibility to choose Guaranteed Income option (Level Guaranteed Income or

1. Increasing Guaranteed Income)

We all know that future costs are expected to go up. Hence, to plan your expenses
better, we also give you the option to select whether you want to receive guaranteed
income that either
a. remains at the same level throughout the Income Period, or
b. increases every year
If you choose to receive income that increases every year, your guaranteed income
will increase every year at a simple interest rate of 5% p.a..

Flexibility to choose to receive a percentage of your total annualized

2. premiums payable i.e. MoneyBack Benefit

Since your income needs are based on your lifestyle and future goals, we
understand that you may want to decide whether you would want some amount of
a one-time lump sum benefit coming to you in addition to the Guaranteed Incomes.
You can choose to receive any percentage from 0% to 100% of the sum total of all
annualized premiums payable by you as this lump sum benefit (known as
MoneyBack Benefit). You will need to select the percentage of MoneyBack
at inception.

How does the flexibility to select a percentage of MoneyBack Benefit help?

Your quantum of income benefit depends on what percentage of MoneyBack you have chosen to receive. The
income amount increases with decreasing percentage of MoneyBack opted. If you choose to receive no
MoneyBack Benefit (percentage chosen is 0%), this will give an option to maximize your regular income
benefit. On the other hand, choosing 100% as the percentage, lets you enjoy regular income during the
income period and then receive all premiums (annualized) paid back at the end. This lump sum amount can
be utilized as a legacy payout for your loved ones. Lest you forget, you have the entire range to choose from!
 A GIFT with many flexibilities
3. Flexibility to choose when you want to receive MoneyBack Benefit

Further, it also becomes critical to receive this MoneyBack Benefit as per your larger
life goals which you have fixed a timeline for, in advance. For the same reason, we
also give you the flexibility to choose any year, on or after the maturity date of the
policy up to the last income year, to receive the MoneyBack Benefit. The MoneyBack
Benefit will be payable at the end of the year, as chosen by you.
What does this mean?
Let us take the example of Mr. Bhavesh who is planning to receive income for 30
years. He can choose to receive his MoneyBack Benefit at the end of the policy term
i.e. before his first income commences or at the end of 1st year of income payout or
2nd year and so on…
Please also note:
In case of death of the Life Assured during the Income Period, the Claimant continues to receive the
Guaranteed Income and MoneyBack Benefit (if applicable and not paid earlier), as detailed below under
‘Death Benefit’ section.

Looking for something more?

4. Flexibility to receive income on any date of your choice with Save the Date:

As we all want to save for the non-negotiable goals in life, we also want to ensure
that our savings are used for the intended cause. For the same, we also let you
choose any date like your spouse’s birthdate, your anniversary date, date of maturity
of your policy or any special date of your choice to receive the Guaranteed Income if
you have opted to take Guaranteed Income on an annual basis. Please refer to Clause
6 & 7 under Terms & Conditions for more details.
5. Flexibility to receive all future benefits as a lump sum benefit at a discounted value:

We understand that your financial plan needs to align with your goals and hence
should enable you to utilize your money whenever you want and exactly the way you
want! For ease of access to the fund, you have an option to receive future benefits by
converting them in the form of a lump sum at policy maturity or any time during the
income period, at a discounted rate. You can choose to convert all future guaranteed
income and MoneyBack Benefit (if applicable and not already received) into a lump
sum. This flexibility is also available to the Claimant in case of an unfortunate demise
of the Life Assured during the Income Period.

The value of lump sum benefit will depend on when you/ the Claimant exercise the option, and is detailed
below:
• On the date of policy maturity: equal to ‘Maturity Sum Assured’.
• Any time during the income period after policy maturity date: Future GIs and MoneyBack Benefit (if
applicable) discounted at 30 year Government Securities yield + 1.00%, rounded to nearest 0.25%. The
yield on 30-year Government Securities will be sourced from www.bloomberg.com. The discount rate,
applicable for commutation to lump sum during income period, will be reviewed twice every year on 1st of
June and 1st of December.
Further, kindly note that on payment of all due GI and MoneyBack Benefit, if applicable or the discounted value
of future GI and MoneyBack Benefit, if applicable, to you/ Claimant (as applicable), the policy will terminate
and all rights, benefits and interests under the policy will stand extinguished.

6. Low Cover Income Booster:

Your needs can vary based on your financial plan wherein you may want to enjoy
either a higher income or a higher sum assured. Hence, at the inception of the policy,
you can choose to opt for “Low Cover Income Booster” wherein you will be able to
enjoy additional income for opting a lower life cover. Please refer to the details on the
same as mentioned below under Death Benefit.

Your benefits will vary based on the different flexibilities chosen by you.
Premium, premium payment term, income period, policy term, Guaranteed Income option, percentage and
year of MoneyBack Benefit, and Low Cover Income Booster chosen at inception of policy cannot be changed.
 Death Benefit

In the event the person whose life is covered by this policy (known as the Life Assured) passes away, during the
term of the policy, the Death Benefit will be paid out as a lump sum to the person specified (known as the
Claimant) in the policy.
Death Benefit is highest of:
a. Sum Assured on Death (defined as Death Benefit multiple X Annualized Premium)
b. 105% of the Total premiums paid up to the date of death
c. Death Benefit Factor X Maturity Sum Assured X {number of months for which premiums are paid up to date
of death / (12 X Premium Payment Term)}
Where,
• Annualized Premium means the premium amount payable in a year chosen by the policyholder, excluding
the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
• Maturity Sum Assured is the discounted value of future GIs and MoneyBack Benefit (if applicable) computed
at discount rate of 8.00% p.a. at the end of the policy term.
• Total Premiums Paid means the total of all premiums received, excluding any extra premium, any rider
premium and taxes
In case Low Cover Income Booster benefit is not chosen, the Death Benefit Multiples (as varying by age at entry
of the Life Assured) are specified below:

Age Multiple Age Multiple Age Multiple Age Multiple

1 11.04 16 10.89 31 10.74 46 10.59

2 11.03 17 10.88 32 10.73 47 10.58

3 11.02 18 10.87 33 10.72 48 10.57

4 11.01 19 10.86 34 10.71 49 10.56

5 11.00 20 10.85 35 10.70 50 10.55

6 10.99 21 10.84 36 10.69 51 10.54

7 10.98 22 10.83 37 10.68 52 10.53

8 10.97 23 10.82 38 10.67 53 10.52

 Age Multiple Age Multiple Age Multiple Age Multiple

9 10.96 24 10.81 39 10.66 54 10.51

10 10.95 25 10.80 40 10.65 55 10.50

11 10.94 26 10.79 41 10.64 56 10.49

12 10.93 27 10.78 42 10.63 57 10.48

13 10.92 28 10.77 43 10.62 58 10.47

14 10.91 29 10.76 44 10.61 59 10.46

15 10.90 30 10.75 45 10.60 60 10.45

In case Low Cover Income Booster benefit is chosen, the Death Benefit Multiples (as varying by age at entry of
the Life Assured) are specified below:

Age Multiple Age Multiple Age Multiple Age Multiple

1 7.59 16 7.44 31 7.29 46 7.14

2 7.58 17 7.43 32 7.28 47 7.13

3 7.57 18 7.42 33 7.27 48 7.12

4 7.56 19 7.41 34 7.26 49 7.11

5 7.55 20 7.40 35 7.25 50 7.10

6 7.54 21 7.39 36 7.24 51 7.09

7 7.53 22 7.38 37 7.23 52 7.08

8 7.52 23 7.37 38 7.22 53 7.07

 Age Multiple Age Multiple Age Multiple Age Multiple

9 7.51 24 7.36 39 7.21 54 7.06

10 7.50 25 7.35 40 7.20 55 7.05

11 7.49 26 7.34 41 7.19 56 7.04

12 7.48 27 7.33 42 7.18 57 7.03

13 7.47 28 7.32 43 7.17 58 7.02

14 7.46 29 7.31 44 7.16 59 7.01

15 7.45 30 7.30 45 7.15 60 7.00

On payment of Death Benefit to the claimant, the policy will terminate and all rights, benefits and interests under
the policy will stand extinguished.
Death Benefit factors, applicable at the inception of the policy, are guaranteed throughout the policy term. Death
Benefit factors are mentioned in Appendix I.
For policies issued on minor’s life, the date of commencement of risk will be the date of commencement of
the policy.
In case of death of the Life Assured during the Income Period, the claimant will continue to receive the
Guaranteed Income and MoneyBack Benefit (if applicable and if not paid prior to death). At any time during the
Income Period, the Claimant shall have an option to receive the discounted value of future income and
MoneyBack Benefit (if applicable and if not already paid) in the form of a lump sum benefit. Please refer to Clause
5 under “A GIFT with many flexibilities”.

Let us take few examples to understand the multiple flexibilities available under ICICI Pru GIFT Pro:

Illustration 1:
Mr. Bhavesh is a 35-year old who wants to create a second income for himself so that he can plan for his
future goals.
He decides to pay an annual premium of ` 1 lakh in ICICI Pru GIFT Pro and receive 100% MoneyBack Benefit in
the last year of the Income Period. He chooses to receive a level income throughout the Income Period and does
not opt for Low Cover Income Booster and gets a minimum life cover of ` 10.70 lakh for 11 years.
sum amount. Additionally, you also have the flexibilty to choose any year, on or after the maturity date of the policy up to the last income year, to receive this MoneyBack Benefit. Your Guaranteed Income amount will be adjusted
based on the MoneyBack Benefit % and payout year selected by you. 3 Life Insurance Cover is the benefit payable on death of the Life Assured during the policy term. If you opt for “Low Cover Income Booster” the sum assured on
death will be lower and your guaranteed income will be increased.
© ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. Regn. No. 105. CIN: L66010MH2000PLC127837. Reg. Off.: ICICI
PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600. Customer helpline number - 1860 266 7766. Timings – 10:00 A.M. to 7:00 P.M., Monday to Saturday (except national holidays). Member
of the Life Insurance Council. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP
services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. ICICI Pru GIFT Pro UIN:105N201V02. Advt No.:H/II/0438/2023-24.

BEWARE OF SUSPICIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

He gets ` 10,00,000 at the end of 41st year

Mr. Bhavesh pays He gets a Guaranteed Income of

` 1,00,000 p.a. for 10 years ` 93,280 every year for 30 years

Years
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 39 40 41
Jan 15, 2023 Jan 15, 2032 Jan 15, 2035 Jan 15, 2064

Life cover throughout the policy term of 11 years

He pays a total of ` 10,00,000^ He gets a total of ` 37,98,400

^Goods and Services tax and cesses (if any) will be charged extra, as per applicable rates.

In the above example, the frequency of premium payment and Guaranteed Income is annual. Mr. Bhavesh also has
the flexibility to receive income on a monthly basis.
If he chooses to receive this income every month, the amount will be multiplied by 96%. In this case, the Guaranteed
Income will be ` 89,550 for the whole year. He will receive ` 89,550/12 = ` 7,463 every month for 30 years starting
from Feb 15, 2034
Let’s say Mr. Bhavesh considers 80%, 50%, 30% or 0% as MoneyBack Benefit along with the last income:
The below table shows the corresponding income that Mr. Bhavesh will receive for 30 years:

MoneyBack Benefit Annual Income for 30 years

100% ` 93,280

80% ` 95,060

50% ` 97,730

30% ` 99,510

0% ` 1,02,180
 Illustration 2:
Let’s say Mr. Bhavesh from the earlier example wants to receive income that increases every year to meet his
future goals.
He decides to pay an annual premium of ` 1 lakh in ICICI Pru GIFT Pro and receive 100% MoneyBack Benefit in
the last year of the Income Period and gets a life cover of minimum ` 10.70 lakh for 11 years.
He selects Increasing Guaranteed Income option to ensure an increasing Income throughout the income tenure.
The Illustration given below shows the increasing guaranteed income that Mr. Bhavesh will receive.

He gets ` 10,00,000 at the end of 41st year

He starts receiving Guaranteed Income of

Mr. Bhavesh pays ` 63,970 every year which will
` 1,00,000 p.a. for 10 years increase by 5% every year (Simple Interest)

Years
0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 39 40 41
Jan 15, 2023 Jan 15, 2032 Jan 15, 2035 Jan 15, 2064

He receives
Life cover throughout the policy term of 11 years ` 1,56,741 as last income

He pays a total of ` 10,00,000^ He gets a total of ` 43,10,665

^Goods and Services tax and cesses (if any) will be charged extra, as per applicable rates.
 Additional benefits

Higher Premium Benefit

You will receive higher benefit for contributing more towards your savings goals. As your commitment towards
savings increases, you will receive an additional benefit on your Guaranteed Income every year. This additional
benefit is expressed as additional guaranteed income rate and is % of Annualized Premium, provided in the
table below:

Annualized Premium Premium Payment Term

Thresholds
(in `) 5 6 7 8 9 10 11 12

1,00,000 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

1,50,000 0.75% 0.80% 0.80% 0.90% 0.90% 1.00% 1.25% 1.25%

3,00,000 1.25% 1.40% 1.40% 1.70% 1.70% 2.00% 2.50% 2.50%

5,00,000 1.50% 1.75% 2.10% 2.25% 2.50% 3.00% 3.25% 3.50%

10,00,000 1.75% 2.00% 2.25% 2.50% 2.75% 3.25% 3.75% 4.25%

For premiums in between band thresholds (i.e. premiums that fall between two adjacent Annualized Premiums
mentioned in table above), the additional rate will be linearly interpolated. For annualized premium less than the
lowest threshold level i.e. ` 1,00,000, the additional income rates will be same as that at the lowest threshold. For
annualized premium more than the highest threshold level i.e. ` 10,00,000, the additional income rates will be
same as that at the highest threshold.

Non-Payment of Premiums:
What happens if you stop paying your premiums?

It is recommended that you pay all premiums for the period selected to be able to enjoy all policy benefits.
However, at any stage if you stop paying premiums the following shall be applicable:
• If you stop paying premiums in the first two years, no benefits will be payable.
• If you stop paying premiums after you have completed payment of premiums for two years, the policy can
continue with reduced benefits.
• In such a case, Paid-up Maturity Benefit or Paid–up Death Benefit will be payable.
Paid-up Death Benefit
The Paid-Up Death Benefit is higher of
• Paid-up Sum Assured on Death, computed as Sum Assured on Death X {number of months for which
premiums are paid / (12 X Premium Payment Term)}
• Death Benefit factor X Maturity Sum Assured X {number of months for which premiums are paid / (12 X
Premium Payment Term)}
On payment of Death Benefit to the Claimant, the policy will terminate and all rights, benefits and interests under
the policy will stand extinguished.

Paid-up Maturity Benefit

On survival of the Life Assured at the completion of the policy term, the maturity benefit shall be paid in the form
of paid-up GI at the end of every month/year, for an income period as chosen by you at inception.
Paid-up Maturity Benefits will be calculated as follows:
Paid-up GI = Annual GI X {number of months for which premiums are paid / (12 X Premium Payment Term)}
If you have selected Increasing GI option at inception, then the first paid-up GI payable shall be calculated using
the above stated formula, and the same shall increase at a simple interest rate of 5% every year.
Additionally, a paid-up MoneyBack Benefit (if applicable) will be payable at the pre-selected date, where:
Paid-up MoneyBack Benefit = MoneyBack Benefit X {number of months for which premiums are paid / (12 X
Premium Payment Term)}
Paid-up GI and Paid-up MoneyBack Benefit (if applicable) will be paid to You/Claimant, as applicable irrespective
of whether the Life Assured is alive or not during the income period. On payment of paid-up MoneyBack Benefit
(at the pre-selected date) and the last paid-up GI pay-out, the policy will terminate and all rights, benefits and
interests under the policy will stand extinguished.
You/ Claimant, as applicable, shall have an option to receive the discounted value of future paid-up GI and
paid-up MoneyBack Benefit, (if applicable and not paid yet), in the form of a lump sum benefit. The value of lump
sum benefit will depend on when you/ the Claimant exercise the option, and is detailed below:
• On the date of policy maturity: equal to paid-up ‘Maturity Sum Assured’. where paid up Maturity Sum
Assured is the discounted value of future paid up GIs and paid up MoneyBack Benefit (if applicable)
computed at discount rate of 8.00% p.a. at the end of the policy term.
• Any time during the income period after policy maturity date: Future paid-up GIs and paid-up MoneyBack
Benefit (if applicable) discounted at 30 year Government Securities yield + 1.00%, rounded to nearest 0.25%.
The yield on 30-year Government Securities will be sourced from www.bloomberg.com. The discount rate,
applicable for commutation to lump sum during income period, will be reviewed twice every year on 1st of
June and 1st of December.
 Policy Revival

You can revive your policy benefits for their full value within five years from the due date of the first unpaid
premium by paying all due premiums together with interest before the termination date of the policy.
Revival will be based on prevailing Board Approved Underwriting Policy. Revival interest rate will be equal to
1.50% plus the prevailing yield on 10 year Government Securities. The yield on 10 year Government Securities
will be sourced from www.bloomberg.com. The revival interest rate for March 2024 is 8.54% p.a. compounded
half-yearly. The revival interest rate will be reviewed on the 15th day of every month by the company based on
the 10-year G-Sec yield of one day prior to such review.
Any change in revival conditions will be subject to prior approval from IRDAI and will be disclosed to
policyholders.
Once you start paying premiums again, the reduced benefits will be restored to their full value.

Surrender Benefit

It is recommended that you continue with your policy to avail all benefits. However, at any stage after payment
of two years’ premium, if you are not able to continue your policy, a surrender value will be payable.
On policy surrender, you will get higher of the following:
• Guaranteed Surrender Value (GSV)
• Special Surrender Value (SSV)

The Guaranteed Surrender Value (GSV) and Special Surrender Value (SSV) will be calculated as follows:
A. Guaranteed Surrender Value
GSV = GSV factor X Total Premiums Paid.
For details on GSV factors, please refer to Appendix II.
B. Special Surrender Value
SSV = SSV factor X Maturity Sum Assured X {number of months for which premiums are paid / (12 X
Premium Payment Term)}
The bases for computing the Special Surrender value factors will be reviewed from time to time and the
factors applicable to existing business may be revised subject to the prior approval of the IRDAI.
 Taking a policy loan

You can take a policy loan after your policy acquires a surrender value. Loan amount up to 80% of the surrender
value can be availed.
a. For other than in-force and fully paid-up policies, if the outstanding loan amount including interest exceeds
the surrender value, the policy will be foreclosed after giving intimation and reasonable opportunity to the
policyholder to continue the policy.
b. In the event of failure to repay by the required date, the policy will be foreclosed, the policy will terminate, and
all rights, benefits and interests under the policy will stand extinguished. An in-force and fully paid-up policy
will not be foreclosed.
c. Loans may be granted on proof of title to the Policy i.e. upon submission of necessary documents like KYC,
original policy schedule, loan application form and cancelled cheque.
d. The policy shall be assigned to and be held by us as security for repayment of the loan and interest thereon.
e. Before any Benefits are paid out, loan outstanding together with the interest thereon will be deducted and
the balance amount will be payable.
f. Applicable interest rate will be equal to 1.50% plus the prevailing yield on 10 year Government Securities.
The yield on 10 year Government Securities will be sourced from www.bloomberg.com. The loan interest rate
for March 2024 is 8.54% p.a. compounded half-yearly. The basis for computing loan interest will be
reviewed from time to time and any change shall be communicated to the policyholders.
g. The loan interest rate will be reviewed on the 15th day of every month by the company based on the 10-year
G-Sec yield of one day prior to such review.
h. The basis for computing loan interest will be reviewed from time to time and may be revised subject to the
prior approval of the IRDAI.
A fully paid policy is a policy for which all premiums have been paid, as per the premium payment term selected,
and no further premiums are due. A premium paying policy is policy for which all due premiums have been paid
till date, but future premiums are payable for the rest of the premium payment term.

Termination of the Policy

We will terminate the policy on the occurrence of any and if not already paid) or upon payment of the
of the below mentioned conditions if: commuted lump sum benefit of all due GIs and
MoneyBack Benefit (if applicable and if not
(i) You expressly surrender the policy
already paid)
(ii) The policy lapses on account of non-payment of
(iv) On payment of Death Benefit
first two full years’ premium, and has not been
revived within the revival period (v) On cancellation of the policy by the Company
(iii) At the end of the Income Period, upon payment of (vi) On payment of free look cancellation proceeds
all due GIs and MoneyBack Benefit (if applicable
 Terms & Conditions

1. Suicide clause: In case of death due to suicide within 12 months from the date of commencement of risk
under the policy or from the date of revival of the policy, as applicable, the Claimant shall be entitled to at
least 80% of the total premiums paid till the date of death or the surrender value available as on the date of
death whichever is higher, provided the policy is in force. The Policy will terminate on making such a payment
and all rights, benefits and interests under the Policy will stand extinguished.
2. Free look period: If you are not satisfied with the terms and conditions of the policy, please return the policy
documents to the Company with reasons for cancellation within
• 15 days from the date you received it, if your policy is not purchased through Distance Mode*
• 30 days from the date you received it, in case of electronic policies or if your policy is purchased through
Distance Mode*
On cancellation of the policy during the free look period, we will return the premium subject to the deduction of:
a. Stamp duty under the policy,
b. Expenses borne by the Company on medical examination, if any
c. Proportionate risk premium for the period of cover
The policy shall terminate on payment of this amount and all rights, benefits and interests under this policy will
stand extinguished.
*Distance Mode includes every activity of solicitation (including lead generation) and sale of insurance products
through the following modes: (i) Voice mode, which includes telephone-calling (ii) Short Messaging service (SMS) (iii)
Electronic mode which includes e-mail, internet and interactive television (DTH) (iv) Physical mode which includes
direct postal mail and newspaper & magazine inserts and (v) Solicitation through any means of communication other
than in person.
3. Tax Benefits: Tax benefits may be available as per prevailing tax laws. Tax benefits under the policy are
subject to prevailing conditions and provisions of the Income Tax Act, 1961. Goods and Services Tax and
Cesses, if any, will be charged extra as per applicable rates. The tax laws are subject to amendments made
thereto from time to time. Please consult your tax advisor for details, before acting on above.
4. Grace Period: If the policyholder is unable to pay an installment premium by the due date, a grace period of
15 days will be given for payment of due installment premium for monthly frequency, and 30 days will be
given for payment of due installment premium for any other frequency, commencing from the premium due
date. The life cover continues during the grace period. In case of Death of Life Assured during the grace
period, the Company will pay the applicable Death Benefit.
If the premium is not paid within the grace period before the policy acquires a surrender value, the policy
shall lapse and cover will cease.
5. Benefit Illustrations: The payout dates shown in the illustrations in this document are only indicative and the
actual payouts will be within a period of one week from the stated dates.
6. Save the Date: You have an option to receive GI every year on a Special Date of your choice preceding the
due date of first GI pay-out during the Income Period. The Special date can be chosen to coincide with any
date such as, Date of Maturity, birth date or anniversary date etc. Payment of GI will commence from this
Special Date and all further GIs will be paid every year on this Special Date chosen. You can select the
Special Date at policy inception or any time before two months of the completion of the policy term.
In case You opt for a Special Date, the GI payable each year would be adjusted by multiplying the GI amount
with a discount loading factor, varying by the policy month in which the Special Date falls. The factors are
provided in the table below:

Policy Month Factor Policy Month Factor Policy Month Factor

1 92.59% 5 95.00% 9 97.47%

2 93.19% 6 95.61% 10 98.09%

3 93.79% 7 96.23% 11 98.73%

4 94.39% 8 96.84% 12 99.36%

Where, Policy Month = Completed months in a policy year + 1

7. Change of frequency of premium payment: You have the flexibility to change the frequency of premium
payment on policy anniversary.
8. Change of frequency of guaranteed income: You also have the flexibility to change the frequency of
Guaranteed Income any time before two months of the completion of the policy term.
9. Advance Premium: Collection of advance premium is allowed, provided the premium is paid within the same
financial year. However, where the premium due in the next financial year is being paid in advance in the
current financial year, the premium can be paid in advance of the due date of the premium for a maximum
period of three months. The premium collected in advance will be adjusted on the due date of the premium.
10. Policy on the Life of a Minor: If the policy has been taken on the life of a minor, on attaining the age of
majority i.e. 18 years, the policy will vest on him/her. Thereafter, the Life Assured shall become the
policyholder who will then be entitled to all the benefits and subject to all liabilities as per the terms and
conditions of the policy. Subsequently, the Life Assured cum Policyholder can register due nomination as per
Section 39 of the Insurance Act, 1938 as amended from time to time.
11. Policies where Policyholder and Life Assured are different individuals: If the Policyholder and the Life
Assured are different, then in the event of death of the Policyholder and upon subsequent intimation of the
death with the Company:
• If the Life Assured is a minor: the policy shall vest on the guardian of the minor life assured till he/she attains
the age of majority. Upon attaining the age of majority the policy ownership shall be changed according to
Clause 10 mentioned above;
• If the Life Assured is major: the policy shall vest on the Life Assured. Thereafter, the Life Assured shall
become the Policyholder and will be entitled to all benefits and subject to all liabilities as per the terms and
conditions of the policy. The Life Assured cum Policyholder can register due nomination as per Section 39 of
the Insurance Act, 1938 as amended from time to time.
12. Loadings for other than annual mode of premium payment frequency: For monthly and half-yearly modes
of premium payments, additional loadings will be applied to both the base premium and the extra mortality
premium. The additional loadings, expressed as a percentage of the annual premium will be as given below.

Mode of Premium Payment Loading (% of Annual Premium)

Monthly 4.5%

Half-yearly 2.5%

Yearly 0%

13. POS Policies: Policies sourced through POS Channel will not have any medical examination.
14. Nomination: Nomination shall be as per Section 39 of the Insurance Act, 1938 as amended from time to
time. For more details on this section, please refer to our website.
15. Assignment: Assignment shall be as per Section 38 of the Insurance Act, 1938 as amended from time to
time. For more details on this section, please refer to our website.
16. Section 41 of the Insurance Act, 1938 as amended from time to time: In accordance with Section 41 of the
Insurance Act, 1938 as amended from time to time, no person shall allow or offer to allow, either directly or
indirectly, as an inducement to any person to take or renew or continue an insurance in respect of any kind
of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any
rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy
accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or
tables of the insurer.
Any person making default in complying with the provisions of this section shall be punishable with fine
which may extend to ten lakh rupees.
17. Section 45 of the Insurance Act, 1938, as amended from time to time:
1) No policy of life insurance shall be called in question on any ground whatsoever after the expiry of three
years from the date of the policy, i.e., from the date of issuance of the policy or the date of commencement of
risk or the date of revival of the policy or the date of the rider to the policy, whichever is later.
2) A policy of life insurance may be called in question at any time within three years from the date of issuance
 of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider
to the policy, whichever is later, on the ground of fraud: Provided that the insurer shall have to communicate
in writing to the insured or the legal representatives or nominees or assignees of the insured the grounds and
materials on which such decision is based.
3) Notwithstanding anything contained in sub-section (2), no insurer shall repudiate a life insurance policy
on the ground of fraud if the insured can prove that the mis-statement of or suppression of a material fact
was true to the best of his knowledge and belief or that there was no deliberate intention to suppress the fact
or that such mis-statement of or suppression of a material fact are within the knowledge of the insurer:
Provided that in case of fraud, the onus of disproving lies upon the beneficiaries, in case the policyholder is
not alive.
4) A policy of life insurance may be called in question at any time within three years from the date of issuance
of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider
to the policy, whichever is later, on the ground that any statement of or suppression of a fact material to the
expectancy of the life of the insured was incorrectly made in the proposal or other document on the basis of
which the policy was issued or revived or rider issued: Provided that the insurer shall have to communicate
in writing to the insured or the legal representatives or nominees or assignees of the insured the grounds and
materials on which such decision to repudiate the policy of life insurance is based: Provided further that in
case of repudiation of the policy on the ground of misstatement or suppression of a material fact, and not on
the ground of fraud, the premiums collected on the policy till the date of repudiation shall be paid to the
insured or the legal representatives or nominees or assignees of the insured within a period of ninety days
from the date of such repudiation.
5) Nothing in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to
do so, and no policy shall be deemed to be called in question merely because the terms of the policy are
adjusted on subsequent proof that the age of the Life Insured was incorrectly stated in the proposal.
In case of fraud or misstatement, the policy shall be cancelled immediately by paying the surrender value,
subject to the fraud or misstatement being established by the Company in accordance with Section 45 of the
Insurance Act, 1938 as amended from time to time.
18. For further details, please refer to the policy document and the benefit illustration.
 About ICICI Prudential Life Insurance

ICICI Prudential Life Insurance Company Limited is a joint venture between ICICI Bank Limited and
Prudential Corporation Holdings Limited, a part of the Prudential group. ICICI Prudential began its
operations in Fiscal 2001 after receiving approval from Insurance Regulatory Development Authority of
India (IRDAI) in November 2000.
ICICI Prudential Life Insurance has maintained its focus on offering a wide range of savings and protection
products that meet the different life stage requirements of customers.

For more information:

Customers calling from any where in India, please dial 1860 266 7766
Do not prefix this number with “+” or “91” or “00” (local charges apply)

Call Centre Timings: 10.00 am to 7.00 pm

Monday to Saturday, except National Holidays.
To know more, please visit www.iciciprulife.com

ICICI Prudential Life Insurance Company Limited. IRDAI Regn. No. 105. CIN: L66010MH2000PLC127837.

© ICICI Prudential Life Insurance Company Limited. Registered Office: ICICI Prudential Life Insurance Company Limited, ICICI
PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025. This product brochure is indicative of the terms,
conditions, warranties, and exceptions contained in the insurance policy. For further details, please refer to the policy document.
In the event of conflict, if any, between the contents of this brochure and those contained in the policy document, the terms and
conditions contained in the policy document shall prevail. ICICI Pru GIFT Pro Form No.: E36 and E37, UIN: 105N201V04,
Advt. No.:L/II/0078/2024-25.

BEWARE OF SUSPICIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums.
Public receiving such phone calls are requested to lodge a policy complaint.
 Appendix I – Death Benefit Factors

Annexure IV - Death Benefit Factors

Policy Term/ Policy
8 9 10 11 12 13 14 15 16 17
Duration (months)
1 46.17% 41.89% 37.99% 34.45% 31.24% 28.34% 25.70% 23.31% 21.14% 19.17%
2 46.55% 42.23% 38.30% 34.73% 31.50% 28.57% 25.91% 23.50% 21.31% 19.33%
3 46.93% 42.57% 38.61% 35.01% 31.76% 28.80% 26.12% 23.69% 21.48% 19.49%
4 47.31% 42.92% 38.93% 35.30% 32.02% 29.04% 26.33% 23.88% 21.66% 19.65%
5 47.70% 43.27% 39.25% 35.59% 32.28% 29.28% 26.55% 24.08% 21.84% 19.81%
6 48.09% 43.62% 39.57% 35.88% 32.54% 29.52% 26.77% 24.28% 22.02% 19.97%
7 48.48% 43.98% 39.89% 36.17% 32.81% 29.76% 26.99% 24.48% 22.20% 20.13%
8 48.88% 44.34% 40.22% 36.47% 33.08% 30.00% 27.21% 24.68% 22.38% 20.29%
9 49.28% 44.70% 40.55% 36.77% 33.35% 30.24% 27.43% 24.88% 22.56% 20.46%
10 49.68% 45.06% 40.88% 37.07% 33.62% 30.49% 27.65% 25.08% 22.74% 20.63%
11 50.09% 45.43% 41.21% 37.37% 33.89% 30.74% 27.88% 25.28% 22.93% 20.80%
12 50.50% 45.80% 41.55% 37.68% 34.17% 30.99% 28.11% 25.49% 23.12% 20.97%
13 50.91% 46.17% 41.89% 37.99% 34.45% 31.24% 28.34% 25.70% 23.31% 21.14%
14 51.33% 46.55% 42.23% 38.30% 34.73% 31.50% 28.57% 25.91% 23.50% 21.31%
15 51.75% 46.93% 42.57% 38.61% 35.01% 31.76% 28.80% 26.12% 23.69% 21.48%
16 52.17% 47.31% 42.92% 38.93% 35.30% 32.02% 29.04% 26.33% 23.88% 21.66%
17 52.60% 47.70% 43.27% 39.25% 35.59% 32.28% 29.28% 26.55% 24.08% 21.84%
18 53.03% 48.09% 43.62% 39.57% 35.88% 32.54% 29.52% 26.77% 24.28% 22.02%
19 53.46% 48.48% 43.98% 39.89% 36.17% 32.81% 29.76% 26.99% 24.48% 22.20%
20 53.90% 48.88% 44.34% 40.22% 36.47% 33.08% 30.00% 27.21% 24.68% 22.38%
21 54.34% 49.28% 44.70% 40.55% 36.77% 33.35% 30.24% 27.43% 24.88% 22.56%
22 54.78% 49.68% 45.06% 40.88% 37.07% 33.62% 30.49% 27.65% 25.08% 22.74%
23 55.23% 50.09% 45.43% 41.21% 37.37% 33.89% 30.74% 27.88% 25.28% 22.93%
24 55.68% 50.50% 45.80% 41.55% 37.68% 34.17% 30.99% 28.11% 25.49% 23.12%
25 56.13% 50.91% 46.17% 41.89% 37.99% 34.45% 31.24% 28.34% 25.70% 23.31%
26 56.59% 51.33% 46.55% 42.23% 38.30% 34.73% 31.50% 28.57% 25.91% 23.50%
27 57.05% 51.75% 46.93% 42.57% 38.61% 35.01% 31.76% 28.80% 26.12% 23.69%
28 57.52% 52.17% 47.31% 42.92% 38.93% 35.30% 32.02% 29.04% 26.33% 23.88%
29 57.99% 52.60% 47.70% 43.27% 39.25% 35.59% 32.28% 29.28% 26.55% 24.08%
30 58.46% 53.03% 48.09% 43.62% 39.57% 35.88% 32.54% 29.52% 26.77% 24.28%
31 58.94% 53.46% 48.48% 43.98% 39.89% 36.17% 32.81% 29.76% 26.99% 24.48%
32 59.42% 53.90% 48.88% 44.34% 40.22% 36.47% 33.08% 30.00% 27.21% 24.68%
33 59.91% 54.34% 49.28% 44.70% 40.55% 36.77% 33.35% 30.24% 27.43% 24.88%
34 60.40% 54.78% 49.68% 45.06% 40.88% 37.07% 33.62% 30.49% 27.65% 25.08%
35 60.89% 55.23% 50.09% 45.43% 41.21% 37.37% 33.89% 30.74% 27.88% 25.28%
36 61.39% 55.68% 50.50% 45.80% 41.55% 37.68% 34.17% 30.99% 28.11% 25.49%
37 61.89% 56.13% 50.91% 46.17% 41.89% 37.99% 34.45% 31.24% 28.34% 25.70%
38 62.40% 56.59% 51.33% 46.55% 42.23% 38.30% 34.73% 31.50% 28.57% 25.91%
39 62.91% 57.05% 51.75% 46.93% 42.57% 38.61% 35.01% 31.76% 28.80% 26.12%
40 63.42% 57.52% 52.17% 47.31% 42.92% 38.93% 35.30% 32.02% 29.04% 26.33%
41 63.94% 57.99% 52.60% 47.70% 43.27% 39.25% 35.59% 32.28% 29.28% 26.55%
 Annexure IV - Death Benefit Factors
Policy Term/ Policy
8 9 10 11 12 13 14 15 16 17
Duration (months)
42 64.46% 58.46% 53.03% 48.09% 43.62% 39.57% 35.88% 32.54% 29.52% 26.77%
43 64.99% 58.94% 53.46% 48.48% 43.98% 39.89% 36.17% 32.81% 29.76% 26.99%
44 65.52% 59.42% 53.90% 48.88% 44.34% 40.22% 36.47% 33.08% 30.00% 27.21%
45 66.06% 59.91% 54.34% 49.28% 44.70% 40.55% 36.77% 33.35% 30.24% 27.43%
46 66.60% 60.40% 54.78% 49.68% 45.06% 40.88% 37.07% 33.62% 30.49% 27.65%
47 67.14% 60.89% 55.23% 50.09% 45.43% 41.21% 37.37% 33.89% 30.74% 27.88%
48 67.69% 61.39% 55.68% 50.50% 45.80% 41.55% 37.68% 34.17% 30.99% 28.11%
49 68.24% 61.89% 56.13% 50.91% 46.17% 41.89% 37.99% 34.45% 31.24% 28.34%
50 68.80% 62.40% 56.59% 51.33% 46.55% 42.23% 38.30% 34.73% 31.50% 28.57%
51 69.36% 62.91% 57.05% 51.75% 46.93% 42.57% 38.61% 35.01% 31.76% 28.80%
52 69.93% 63.42% 57.52% 52.17% 47.31% 42.92% 38.93% 35.30% 32.02% 29.04%
53 70.50% 63.94% 57.99% 52.60% 47.70% 43.27% 39.25% 35.59% 32.28% 29.28%
54 71.08% 64.46% 58.46% 53.03% 48.09% 43.62% 39.57% 35.88% 32.54% 29.52%
55 71.66% 64.99% 58.94% 53.46% 48.48% 43.98% 39.89% 36.17% 32.81% 29.76%
56 72.25% 65.52% 59.42% 53.90% 48.88% 44.34% 40.22% 36.47% 33.08% 30.00%
57 72.84% 66.06% 59.91% 54.34% 49.28% 44.70% 40.55% 36.77% 33.35% 30.24%
58 73.43% 66.60% 60.40% 54.78% 49.68% 45.06% 40.88% 37.07% 33.62% 30.49%
59 74.03% 67.14% 60.89% 55.23% 50.09% 45.43% 41.21% 37.37% 33.89% 30.74%
60 74.63% 67.69% 61.39% 55.68% 50.50% 45.80% 41.55% 37.68% 34.17% 30.99%
61 75.24% 68.24% 61.89% 56.13% 50.91% 46.17% 41.89% 37.99% 34.45% 31.24%
62 75.85% 68.80% 62.40% 56.59% 51.33% 46.55% 42.23% 38.30% 34.73% 31.50%
63 76.47% 69.36% 62.91% 57.05% 51.75% 46.93% 42.57% 38.61% 35.01% 31.76%
64 77.09% 69.93% 63.42% 57.52% 52.17% 47.31% 42.92% 38.93% 35.30% 32.02%
65 77.72% 70.50% 63.94% 57.99% 52.60% 47.70% 43.27% 39.25% 35.59% 32.28%
66 78.35% 71.08% 64.46% 58.46% 53.03% 48.09% 43.62% 39.57% 35.88% 32.54%
67 78.99% 71.66% 64.99% 58.94% 53.46% 48.48% 43.98% 39.89% 36.17% 32.81%
68 79.63% 72.25% 65.52% 59.42% 53.90% 48.88% 44.34% 40.22% 36.47% 33.08%
69 80.28% 72.84% 66.06% 59.91% 54.34% 49.28% 44.70% 40.55% 36.77% 33.35%
70 80.94% 73.43% 66.60% 60.40% 54.78% 49.68% 45.06% 40.88% 37.07% 33.62%
71 81.60% 74.03% 67.14% 60.89% 55.23% 50.09% 45.43% 41.21% 37.37% 33.89%
72 82.27% 74.63% 67.69% 61.39% 55.68% 50.50% 45.80% 41.55% 37.68% 34.17%
73 82.94% 75.24% 68.24% 61.89% 56.13% 50.91% 46.17% 41.89% 37.99% 34.45%
74 83.62% 75.85% 68.80% 62.40% 56.59% 51.33% 46.55% 42.23% 38.30% 34.73%
75 84.30% 76.47% 69.36% 62.91% 57.05% 51.75% 46.93% 42.57% 38.61% 35.01%
76 84.99% 77.09% 69.93% 63.42% 57.52% 52.17% 47.31% 42.92% 38.93% 35.30%
77 85.68% 77.72% 70.50% 63.94% 57.99% 52.60% 47.70% 43.27% 39.25% 35.59%
78 86.38% 78.35% 71.08% 64.46% 58.46% 53.03% 48.09% 43.62% 39.57% 35.88%
79 87.09% 78.99% 71.66% 64.99% 58.94% 53.46% 48.48% 43.98% 39.89% 36.17%
80 87.80% 79.63% 72.25% 65.52% 59.42% 53.90% 48.88% 44.34% 40.22% 36.47%
81 88.52% 80.28% 72.84% 66.06% 59.91% 54.34% 49.28% 44.70% 40.55% 36.77%
82 89.24% 80.94% 73.43% 66.60% 60.40% 54.78% 49.68% 45.06% 40.88% 37.07%
 Annexure IV - Death Benefit Factors
Policy Term/ Policy
8 9 10 11 12 13 14 15 16 17
Duration (months)
83 89.97% 81.60% 74.03% 67.14% 60.89% 55.23% 50.09% 45.43% 41.21% 37.37%
84 90.70% 82.27% 74.63% 67.69% 61.39% 55.68% 50.50% 45.80% 41.55% 37.68%
85 91.44% 82.94% 75.24% 68.24% 61.89% 56.13% 50.91% 46.17% 41.89% 37.99%
86 92.19% 83.62% 75.85% 68.80% 62.40% 56.59% 51.33% 46.55% 42.23% 38.30%
87 92.94% 84.30% 76.47% 69.36% 62.91% 57.05% 51.75% 46.93% 42.57% 38.61%
88 93.70% 84.99% 77.09% 69.93% 63.42% 57.52% 52.17% 47.31% 42.92% 38.93%
89 94.47% 85.68% 77.72% 70.50% 63.94% 57.99% 52.60% 47.70% 43.27% 39.25%
90 95.24% 86.38% 78.35% 71.08% 64.46% 58.46% 53.03% 48.09% 43.62% 39.57%
91 96.02% 87.09% 78.99% 71.66% 64.99% 58.94% 53.46% 48.48% 43.98% 39.89%
92 96.80% 87.80% 79.63% 72.25% 65.52% 59.42% 53.90% 48.88% 44.34% 40.22%
93 97.59% 88.52% 80.28% 72.84% 66.06% 59.91% 54.34% 49.28% 44.70% 40.55%
94 98.39% 89.24% 80.94% 73.43% 66.60% 60.40% 54.78% 49.68% 45.06% 40.88%
95 99.19% 89.97% 81.60% 74.03% 67.14% 60.89% 55.23% 50.09% 45.43% 41.21%
96 100.00% 90.70% 82.27% 74.63% 67.69% 61.39% 55.68% 50.50% 45.80% 41.55%
97 NA 91.44% 82.94% 75.24% 68.24% 61.89% 56.13% 50.91% 46.17% 41.89%
98 NA 92.19% 83.62% 75.85% 68.80% 62.40% 56.59% 51.33% 46.55% 42.23%
99 NA 92.94% 84.30% 76.47% 69.36% 62.91% 57.05% 51.75% 46.93% 42.57%
100 NA 93.70% 84.99% 77.09% 69.93% 63.42% 57.52% 52.17% 47.31% 42.92%
101 NA 94.47% 85.68% 77.72% 70.50% 63.94% 57.99% 52.60% 47.70% 43.27%
102 NA 95.24% 86.38% 78.35% 71.08% 64.46% 58.46% 53.03% 48.09% 43.62%
103 NA 96.02% 87.09% 78.99% 71.66% 64.99% 58.94% 53.46% 48.48% 43.98%
104 NA 96.80% 87.80% 79.63% 72.25% 65.52% 59.42% 53.90% 48.88% 44.34%
105 NA 97.59% 88.52% 80.28% 72.84% 66.06% 59.91% 54.34% 49.28% 44.70%
106 NA 98.39% 89.24% 80.94% 73.43% 66.60% 60.40% 54.78% 49.68% 45.06%
107 NA 99.19% 89.97% 81.60% 74.03% 67.14% 60.89% 55.23% 50.09% 45.43%
108 NA 100.00% 90.70% 82.27% 74.63% 67.69% 61.39% 55.68% 50.50% 45.80%
109 NA NA 91.44% 82.94% 75.24% 68.24% 61.89% 56.13% 50.91% 46.17%
110 NA NA 92.19% 83.62% 75.85% 68.80% 62.40% 56.59% 51.33% 46.55%
111 NA NA 92.94% 84.30% 76.47% 69.36% 62.91% 57.05% 51.75% 46.93%
112 NA NA 93.70% 84.99% 77.09% 69.93% 63.42% 57.52% 52.17% 47.31%
113 NA NA 94.47% 85.68% 77.72% 70.50% 63.94% 57.99% 52.60% 47.70%
114 NA NA 95.24% 86.38% 78.35% 71.08% 64.46% 58.46% 53.03% 48.09%
115 NA NA 96.02% 87.09% 78.99% 71.66% 64.99% 58.94% 53.46% 48.48%
116 NA NA 96.80% 87.80% 79.63% 72.25% 65.52% 59.42% 53.90% 48.88%
117 NA NA 97.59% 88.52% 80.28% 72.84% 66.06% 59.91% 54.34% 49.28%
118 NA NA 98.39% 89.24% 80.94% 73.43% 66.60% 60.40% 54.78% 49.68%
119 NA NA 99.19% 89.97% 81.60% 74.03% 67.14% 60.89% 55.23% 50.09%
120 NA NA 100.00% 90.70% 82.27% 74.63% 67.69% 61.39% 55.68% 50.50%
121 NA NA NA 91.44% 82.94% 75.24% 68.24% 61.89% 56.13% 50.91%
122 NA NA NA 92.19% 83.62% 75.85% 68.80% 62.40% 56.59% 51.33%
123 NA NA NA 92.94% 84.30% 76.47% 69.36% 62.91% 57.05% 51.75%
 Annexure IV - Death Benefit Factors
Policy Term/ Policy
8 9 10 11 12 13 14 15 16 17
Duration (months)
124 NA NA NA 93.70% 84.99% 77.09% 69.93% 63.42% 57.52% 52.17%
125 NA NA NA 94.47% 85.68% 77.72% 70.50% 63.94% 57.99% 52.60%
126 NA NA NA 95.24% 86.38% 78.35% 71.08% 64.46% 58.46% 53.03%
127 NA NA NA 96.02% 87.09% 78.99% 71.66% 64.99% 58.94% 53.46%
128 NA NA NA 96.80% 87.80% 79.63% 72.25% 65.52% 59.42% 53.90%
129 NA NA NA 97.59% 88.52% 80.28% 72.84% 66.06% 59.91% 54.34%
130 NA NA NA 98.39% 89.24% 80.94% 73.43% 66.60% 60.40% 54.78%
131 NA NA NA 99.19% 89.97% 81.60% 74.03% 67.14% 60.89% 55.23%
132 NA NA NA 100.00% 90.70% 82.27% 74.63% 67.69% 61.39% 55.68%
133 NA NA NA NA 91.44% 82.94% 75.24% 68.24% 61.89% 56.13%
134 NA NA NA NA 92.19% 83.62% 75.85% 68.80% 62.40% 56.59%
135 NA NA NA NA 92.94% 84.30% 76.47% 69.36% 62.91% 57.05%
136 NA NA NA NA 93.70% 84.99% 77.09% 69.93% 63.42% 57.52%
137 NA NA NA NA 94.47% 85.68% 77.72% 70.50% 63.94% 57.99%
138 NA NA NA NA 95.24% 86.38% 78.35% 71.08% 64.46% 58.46%
139 NA NA NA NA 96.02% 87.09% 78.99% 71.66% 64.99% 58.94%
140 NA NA NA NA 96.80% 87.80% 79.63% 72.25% 65.52% 59.42%
141 NA NA NA NA 97.59% 88.52% 80.28% 72.84% 66.06% 59.91%
142 NA NA NA NA 98.39% 89.24% 80.94% 73.43% 66.60% 60.40%
143 NA NA NA NA 99.19% 89.97% 81.60% 74.03% 67.14% 60.89%
144 NA NA NA NA 100.00% 90.70% 82.27% 74.63% 67.69% 61.39%
145 NA NA NA NA NA 91.44% 82.94% 75.24% 68.24% 61.89%
146 NA NA NA NA NA 92.19% 83.62% 75.85% 68.80% 62.40%
147 NA NA NA NA NA 92.94% 84.30% 76.47% 69.36% 62.91%
148 NA NA NA NA NA 93.70% 84.99% 77.09% 69.93% 63.42%
149 NA NA NA NA NA 94.47% 85.68% 77.72% 70.50% 63.94%
150 NA NA NA NA NA 95.24% 86.38% 78.35% 71.08% 64.46%
151 NA NA NA NA NA 96.02% 87.09% 78.99% 71.66% 64.99%
152 NA NA NA NA NA 96.80% 87.80% 79.63% 72.25% 65.52%
153 NA NA NA NA NA 97.59% 88.52% 80.28% 72.84% 66.06%
154 NA NA NA NA NA 98.39% 89.24% 80.94% 73.43% 66.60%
155 NA NA NA NA NA 99.19% 89.97% 81.60% 74.03% 67.14%
156 NA NA NA NA NA 100.00% 90.70% 82.27% 74.63% 67.69%
157 NA NA NA NA NA NA 91.44% 82.94% 75.24% 68.24%
158 NA NA NA NA NA NA 92.19% 83.62% 75.85% 68.80%
159 NA NA NA NA NA NA 92.94% 84.30% 76.47% 69.36%
160 NA NA NA NA NA NA 93.70% 84.99% 77.09% 69.93%
161 NA NA NA NA NA NA 94.47% 85.68% 77.72% 70.50%
162 NA NA NA NA NA NA 95.24% 86.38% 78.35% 71.08%
163 NA NA NA NA NA NA 96.02% 87.09% 78.99% 71.66%
164 NA NA NA NA NA NA 96.80% 87.80% 79.63% 72.25%
 Annexure IV - Death Benefit Factors
Policy Term/ Policy
8 9 10 11 12 13 14 15 16 17
Duration (months)
165 NA NA NA NA NA NA 97.59% 88.52% 80.28% 72.84%
166 NA NA NA NA NA NA 98.39% 89.24% 80.94% 73.43%
167 NA NA NA NA NA NA 99.19% 89.97% 81.60% 74.03%
168 NA NA NA NA NA NA 100.00% 90.70% 82.27% 74.63%
169 NA NA NA NA NA NA NA 91.44% 82.94% 75.24%
170 NA NA NA NA NA NA NA 92.19% 83.62% 75.85%
171 NA NA NA NA NA NA NA 92.94% 84.30% 76.47%
172 NA NA NA NA NA NA NA 93.70% 84.99% 77.09%
173 NA NA NA NA NA NA NA 94.47% 85.68% 77.72%
174 NA NA NA NA NA NA NA 95.24% 86.38% 78.35%
175 NA NA NA NA NA NA NA 96.02% 87.09% 78.99%
176 NA NA NA NA NA NA NA 96.80% 87.80% 79.63%
177 NA NA NA NA NA NA NA 97.59% 88.52% 80.28%
178 NA NA NA NA NA NA NA 98.39% 89.24% 80.94%
179 NA NA NA NA NA NA NA 99.19% 89.97% 81.60%
180 NA NA NA NA NA NA NA 100.00% 90.70% 82.27%
181 NA NA NA NA NA NA NA NA 91.44% 82.94%
182 NA NA NA NA NA NA NA NA 92.19% 83.62%
183 NA NA NA NA NA NA NA NA 92.94% 84.30%
184 NA NA NA NA NA NA NA NA 93.70% 84.99%
185 NA NA NA NA NA NA NA NA 94.47% 85.68%
186 NA NA NA NA NA NA NA NA 95.24% 86.38%
187 NA NA NA NA NA NA NA NA 96.02% 87.09%
188 NA NA NA NA NA NA NA NA 96.80% 87.80%
189 NA NA NA NA NA NA NA NA 97.59% 88.52%
190 NA NA NA NA NA NA NA NA 98.39% 89.24%
191 NA NA NA NA NA NA NA NA 99.19% 89.97%
192 NA NA NA NA NA NA NA NA 100.00% 90.70%
193 NA NA NA NA NA NA NA NA NA 91.44%
194 NA NA NA NA NA NA NA NA NA 92.19%
195 NA NA NA NA NA NA NA NA NA 92.94%
196 NA NA NA NA NA NA NA NA NA 93.70%
197 NA NA NA NA NA NA NA NA NA 94.47%
198 NA NA NA NA NA NA NA NA NA 95.24%
199 NA NA NA NA NA NA NA NA NA 96.02%
200 NA NA NA NA NA NA NA NA NA 96.80%
201 NA NA NA NA NA NA NA NA NA 97.59%
202 NA NA NA NA NA NA NA NA NA 98.39%
203 NA NA NA NA NA NA NA NA NA 99.19%
204 NA NA NA NA NA NA NA NA NA 100.00%
 Appendix II – GSV Factors

Annexure II - Guaranteed Surrender Value Factors

Policy Term/ Policy
8 9 10 11 12 13 14 15 16 17
Duration (months)
1 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
2 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
3 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
4 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
5 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
6 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
7 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
8 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
9 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
10 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
11 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
12 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
13 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
14 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
15 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
16 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
17 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
18 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
19 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
20 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
21 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
22 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
23 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
24 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
25 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
26 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
27 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
28 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
29 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
30 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
31 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
32 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
33 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
34 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
35 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
36 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
37 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
38 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
39 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
40 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
41 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
 Annexure II - Guaranteed Surrender Value Factors
Policy Term/ Policy
8 9 10 11 12 13 14 15 16 17
Duration (months)
42 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
43 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
44 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
45 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
46 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
47 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
48 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
49 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
50 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
51 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
52 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
53 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
54 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
55 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
56 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
57 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
58 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
59 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
60 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
61 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
62 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
63 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
64 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
65 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
66 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
67 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
68 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
69 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
70 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
71 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
72 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
73 90% 50% 50% 50% 50% 50% 50% 50% 50% 50%
74 90% 50% 50% 50% 50% 50% 50% 50% 50% 50%
75 90% 50% 50% 50% 50% 50% 50% 50% 50% 50%
76 90% 50% 50% 50% 50% 50% 50% 50% 50% 50%
77 90% 50% 50% 50% 50% 50% 50% 50% 50% 50%
78 90% 50% 50% 50% 50% 50% 50% 50% 50% 50%
79 90% 50% 50% 50% 50% 50% 50% 50% 50% 50%
80 90% 50% 50% 50% 50% 50% 50% 50% 50% 50%
81 90% 50% 50% 50% 50% 50% 50% 50% 50% 50%
82 90% 50% 50% 50% 50% 50% 50% 50% 50% 50%
 Annexure II - Guaranteed Surrender Value Factors
Policy Term/ Policy
8 9 10 11 12 13 14 15 16 17
Duration (months)
83 90% 50% 50% 50% 50% 50% 50% 50% 50% 50%
84 90% 50% 50% 50% 50% 50% 50% 50% 50% 50%
85 90% 90% 70% 63% 60% 58% 57% 56% 55% 54%
86 90% 90% 70% 63% 60% 58% 57% 56% 55% 54%
87 90% 90% 70% 63% 60% 58% 57% 56% 55% 54%
88 90% 90% 70% 63% 60% 58% 57% 56% 55% 54%
89 90% 90% 70% 63% 60% 58% 57% 56% 55% 54%
90 90% 90% 70% 63% 60% 58% 57% 56% 55% 54%
91 90% 90% 70% 63% 60% 58% 57% 56% 55% 54%
92 90% 90% 70% 63% 60% 58% 57% 56% 55% 54%
93 90% 90% 70% 63% 60% 58% 57% 56% 55% 54%
94 90% 90% 70% 63% 60% 58% 57% 56% 55% 54%
95 90% 90% 70% 63% 60% 58% 57% 56% 55% 54%
96 90% 90% 70% 63% 60% 58% 57% 56% 55% 54%
97 NA 90% 90% 76% 70% 66% 64% 61% 60% 59%
98 NA 90% 90% 76% 70% 66% 64% 61% 60% 59%
99 NA 90% 90% 76% 70% 66% 64% 61% 60% 59%
100 NA 90% 90% 76% 70% 66% 64% 61% 60% 59%
101 NA 90% 90% 76% 70% 66% 64% 61% 60% 59%
102 NA 90% 90% 76% 70% 66% 64% 61% 60% 59%
103 NA 90% 90% 76% 70% 66% 64% 61% 60% 59%
104 NA 90% 90% 76% 70% 66% 64% 61% 60% 59%
105 NA 90% 90% 76% 70% 66% 64% 61% 60% 59%
106 NA 90% 90% 76% 70% 66% 64% 61% 60% 59%
107 NA 90% 90% 76% 70% 66% 64% 61% 60% 59%
108 NA 90% 90% 76% 70% 66% 64% 61% 60% 59%
109 NA NA 90% 90% 80% 74% 71% 67% 65% 63%
110 NA NA 90% 90% 80% 74% 71% 67% 65% 63%
111 NA NA 90% 90% 80% 74% 71% 67% 65% 63%
112 NA NA 90% 90% 80% 74% 71% 67% 65% 63%
113 NA NA 90% 90% 80% 74% 71% 67% 65% 63%
114 NA NA 90% 90% 80% 74% 71% 67% 65% 63%
115 NA NA 90% 90% 80% 74% 71% 67% 65% 63%
116 NA NA 90% 90% 80% 74% 71% 67% 65% 63%
117 NA NA 90% 90% 80% 74% 71% 67% 65% 63%
118 NA NA 90% 90% 80% 74% 71% 67% 65% 63%
119 NA NA 90% 90% 80% 74% 71% 67% 65% 63%
120 NA NA 90% 90% 80% 74% 71% 67% 65% 63%
121 NA NA NA 90% 90% 82% 78% 73% 70% 68%
122 NA NA NA 90% 90% 82% 78% 73% 70% 68%
123 NA NA NA 90% 90% 82% 78% 73% 70% 68%
 Annexure II - Guaranteed Surrender Value Factors
Policy Term/ Policy
8 9 10 11 12 13 14 15 16 17
Duration (months)
124 NA NA NA 90% 90% 82% 78% 73% 70% 68%
125 NA NA NA 90% 90% 82% 78% 73% 70% 68%
126 NA NA NA 90% 90% 82% 78% 73% 70% 68%
127 NA NA NA 90% 90% 82% 78% 73% 70% 68%
128 NA NA NA 90% 90% 82% 78% 73% 70% 68%
129 NA NA NA 90% 90% 82% 78% 73% 70% 68%
130 NA NA NA 90% 90% 82% 78% 73% 70% 68%
131 NA NA NA 90% 90% 82% 78% 73% 70% 68%
132 NA NA NA 90% 90% 82% 78% 73% 70% 68%
133 NA NA NA NA 90% 90% 85% 79% 75% 72%
134 NA NA NA NA 90% 90% 85% 79% 75% 72%
135 NA NA NA NA 90% 90% 85% 79% 75% 72%
136 NA NA NA NA 90% 90% 85% 79% 75% 72%
137 NA NA NA NA 90% 90% 85% 79% 75% 72%
138 NA NA NA NA 90% 90% 85% 79% 75% 72%
139 NA NA NA NA 90% 90% 85% 79% 75% 72%
140 NA NA NA NA 90% 90% 85% 79% 75% 72%
141 NA NA NA NA 90% 90% 85% 79% 75% 72%
142 NA NA NA NA 90% 90% 85% 79% 75% 72%
143 NA NA NA NA 90% 90% 85% 79% 75% 72%
144 NA NA NA NA 90% 90% 85% 79% 75% 72%
145 NA NA NA NA NA 90% 90% 84% 80% 77%
146 NA NA NA NA NA 90% 90% 84% 80% 77%
147 NA NA NA NA NA 90% 90% 84% 80% 77%
148 NA NA NA NA NA 90% 90% 84% 80% 77%
149 NA NA NA NA NA 90% 90% 84% 80% 77%
150 NA NA NA NA NA 90% 90% 84% 80% 77%
151 NA NA NA NA NA 90% 90% 84% 80% 77%
152 NA NA NA NA NA 90% 90% 84% 80% 77%
153 NA NA NA NA NA 90% 90% 84% 80% 77%
154 NA NA NA NA NA 90% 90% 84% 80% 77%
155 NA NA NA NA NA 90% 90% 84% 80% 77%
156 NA NA NA NA NA 90% 90% 84% 80% 77%
157 NA NA NA NA NA NA 90% 90% 85% 81%
158 NA NA NA NA NA NA 90% 90% 85% 81%
159 NA NA NA NA NA NA 90% 90% 85% 81%
160 NA NA NA NA NA NA 90% 90% 85% 81%
161 NA NA NA NA NA NA 90% 90% 85% 81%
162 NA NA NA NA NA NA 90% 90% 85% 81%
163 NA NA NA NA NA NA 90% 90% 85% 81%
164 NA NA NA NA NA NA 90% 90% 85% 81%
 Annexure II - Guaranteed Surrender Value Factors
Policy Term/ Policy
8 9 10 11 12 13 14 15 16 17
Duration (months)
165 NA NA NA NA NA NA 90% 90% 85% 81%
166 NA NA NA NA NA NA 90% 90% 85% 81%
167 NA NA NA NA NA NA 90% 90% 85% 81%
168 NA NA NA NA NA NA 90% 90% 85% 81%
169 NA NA NA NA NA NA NA 90% 90% 86%
170 NA NA NA NA NA NA NA 90% 90% 86%
171 NA NA NA NA NA NA NA 90% 90% 86%
172 NA NA NA NA NA NA NA 90% 90% 86%
173 NA NA NA NA NA NA NA 90% 90% 86%
174 NA NA NA NA NA NA NA 90% 90% 86%
175 NA NA NA NA NA NA NA 90% 90% 86%
176 NA NA NA NA NA NA NA 90% 90% 86%
177 NA NA NA NA NA NA NA 90% 90% 86%
178 NA NA NA NA NA NA NA 90% 90% 86%
179 NA NA NA NA NA NA NA 90% 90% 86%
180 NA NA NA NA NA NA NA 90% 90% 86%
181 NA NA NA NA NA NA NA NA 90% 90%
182 NA NA NA NA NA NA NA NA 90% 90%
183 NA NA NA NA NA NA NA NA 90% 90%
184 NA NA NA NA NA NA NA NA 90% 90%
185 NA NA NA NA NA NA NA NA 90% 90%
186 NA NA NA NA NA NA NA NA 90% 90%
187 NA NA NA NA NA NA NA NA 90% 90%
188 NA NA NA NA NA NA NA NA 90% 90%
189 NA NA NA NA NA NA NA NA 90% 90%
190 NA NA NA NA NA NA NA NA 90% 90%
191 NA NA NA NA NA NA NA NA 90% 90%
192 NA NA NA NA NA NA NA NA 90% 90%
193 NA NA NA NA NA NA NA NA NA 90%
194 NA NA NA NA NA NA NA NA NA 90%
195 NA NA NA NA NA NA NA NA NA 90%
196 NA NA NA NA NA NA NA NA NA 90%
197 NA NA NA NA NA NA NA NA NA 90%
198 NA NA NA NA NA NA NA NA NA 90%
199 NA NA NA NA NA NA NA NA NA 90%
200 NA NA NA NA NA NA NA NA NA 90%
201 NA NA NA NA NA NA NA NA NA 90%
202 NA NA NA NA NA NA NA NA NA 90%
203 NA NA NA NA NA NA NA NA NA 90%
204 NA NA NA NA NA NA NA NA NA 90%