Monthly Income Scheme: If you make the right investment today then the path ahead becomes much easier. Monthly income scheme can be the right option for this. Invest in such a way that income is guaranteed every month.
Monthly Income Scheme: Whether we have to meet today’s expenses or prepare for the future, in today’s time our salary is not enough. We have to fulfill our goals, build a good life and save for the future with the income we have now.
In such a situation, if you make the right investment today then the path ahead becomes much easier. Monthly income scheme can be the right option for this. Invest in such a way that income is guaranteed every month.
ICICI Pru GIFT- Guaranteed Income For Tomorrow
ICICI Prudential, the life insurance company of the leading private bank ICICI Bank, runs one such plan, GIFT i.e. Guaranteed Income For Tomorrow. This is a savings life insurance plan, which provides protection along with income. In this you get many benefits guaranteed.
What are the benefits of ICICI Pru GIFT?
You get benefits in the form of regular income or lump sum. The option of taking guaranteed income is available from the second year of investment. Women investors get more benefits. Life insurance cover is available.
You get the Save the Date feature, through which you can get guaranteed income from the date you want. You can also take a loan against your policy. However, as per tax rules, you have to pay tax on the premium paid.
What are the features of ICICI Pru GIFT?
Under this plan, you can pay premium for 6, 7, 8, 10 and 12 years (+1 year) and you start getting income from the second year of investment itself, which is available for the entire term of the policy, this is your There is guaranteed early income and the income you get after completion of the policy is guaranteed income.
How much return will you get?
According to the website, if you deposit Rs 1 lakh in this plan in a year and pay the premium for six years, then you will get Rs 15,000 from the second year to the seventh year. Between 7 years to 12 years, you will get Rs 1,15,386.
If you pay premium for 7 years, you will get an income of Rs 20,000 from the second year to the eighth year and Rs 1,18,455 from the eighth year to the 14th year.
You have the option to take income once a year or every month. Apart from this, in case of emergency, you will also have the option to withdraw the guaranteed income after the policy term in one-time lump sum amount.
