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ICICI Pru Cash Advantage
  1. Insurance
  2. Savings Plans
  3. Cash Advantage

An insurance plan to secure your and your family’s future

Get guaranteed2 amount as payout for 10 years after the term of premium payment

An insurance plan to boost your savings corpus
  • Enjoy a
    Complete insurance plan

    from ICICI Pru that secures your family’s future

  • This plan not only shields your

    but also grows2,3 it while providing you a life cover

  • Enjoy
    tax benefits

    with this plan4 along with coverage on unfortunate events

Key features

Addition to your regular income

Start receiving money at regular intervals as soon as your premium payment ends. Make the most of Guaranteed Cash Benefit (GCB) feature1 attached to Cash Advantage insurance plan.

Lumpsum payout to secure your future

When the policy term ends, you receive a lump sum amount called Guaranteed Maturity Benefit (GMB)2. In addition, company may declare bonuses3, which will help you fulfil your family’s needs.

Pay premiums as per your comfort

Select what is best for you! Choose your premium payments term, you can opt for either 5 Pay, 7 Pay or 10 Pay option.

Tax benefits

Invest in Cash Advantage insurance plan to save on tax. Get tax benefits4 on premiums paid under section 80C. The money received on maturity or death is completely tax-free.

1 Guaranteed Cash Benefit (GCB) is payable in advance during the payout term provided the life assured is alive and the policy is fully paid, payout term begins as soon as the premium payment term is over and terminates at the end of the policy term. GCB can be received in monthly or annual installments. GCB is a percentage of the Guaranteed Maturity Benefit (GMB) and depends on cash benefit mode opted. It is equal to 1% of GMB every month throughout the payout term of 10 years for monthly mode and 11.5% of GMB every year for annual payout mode.


2 Guaranteed Maturity Benefit (GMB) is the Sum Assured on Maturity and will be calculated, at inception, based on your premium, premium payment option, premium payment mode, Sum Assured on Death, cash benefit mode, age and gender. Guaranteed benefits are payable subject to all due premiums being paid and the policy being in force on the date of maturity.


3 Reversionary bonuses may be declared every financial year and will accrue to the policy if it is premium paying or fully paid. Reversionary bonus once declared is guaranteed and will be paid out at maturity or on earlier death. A terminal bonus may also be payable at maturity or on earlier death.


4 Tax benefits under the policy are subject to conditions u/s 80C, 10(10D) and other provisions of the Income Tax Act, 1961. Other applicable taxes will be charged extra as per prevailing rates. The user/investor needs to verify all the facts and circumstances with the prevailing tax statutes and seek appropriate professional advice before acting on the basis of the above information. Tax laws are subject to amendments from time to time.


Standard Chartered Bank, India having its corporate office at Crescenzo Building C-38/C-39 G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051 is a licensed Corporate Agent of ICICI Prudential Life Insurance Company Limited (IRDA registration no. 105) for life insurance products vide license number CA0028.The benefits/ features of the products are indicative only. For more details on risk factors and terms and conditions, please read sales brochure carefully before concluding sale. Insurance is the subject matter of solicitation. Insurance is underwritten by ICICI Prudential Life Insurance Company Limited. Participation of the customers of Standard Chartered Bank in the policy is entirely voluntary.


The contents of this webpage do not constitute a contract of insurance and reference should be made to the policy document for the exact terms and conditions applicable to the insurance policy. All insurance products described in this webpage are products of and underwritten by ICICI Prudential Life Insurance company Limited and not Standard Chartered Bank, India. In facilitating insurance arrangements, the Bank is acting as a corporate agent of the insurer and not as an agent for customers. This webpage is being distributed for general information only. This webpage has not been prepared for any particular person or class of persons and it has been prepared without regard to the specific investment or insurance objectives, financial situation or particular needs of any person.


ICICI Prudential Life Insurance Company Limited – ICICI Pru Life Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400 025. IRDA Registration No.105.
CIN:L66010MH2000PLC127837. Phone: 1-860-266-7766 (10am-7pm, Monday to Saturday, except national holidays and valid only for calls made from India) UIN: 105N132V02
ADVT No: W/II/2693/2020-21


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.