Compare & Buy Car, Bike and Health Insurance Online - InsuranceDekho
Claim, renew, manage & moreLogin

Common Exclusions Under Money Back Plans Offered By ICICI Prudential Life Insurance

Published On Jun 29, 2021, Updated On Jun 30, 2021

Everyone wants to fulfill their family needs, be it a child's education fees, medical expenses of dependent parents, or the dream family vacation and many more. Wants are unlimited but some wants are necessary to fulfill whether it is your wants or your family wants to meet these responsibilities, you need a comprehensive solution to fulfill your financial needs the one which can provide you regular flow of income while helping you inbuild up your corpus for the long term goals. 

ICICI Prudential introduces the Money Back Policy named as ' ICICI Pru Cash Advantage'. It is a traditional participating life insurance policy with protection and a unique savings plan. ICICI Pru Cash Advantage offers you guaranteed monthly incomes for 10 years, along with guaranteed lump sum amount plus bonuses and life cover at maturity that provides financial safety nets to your family if something unfortunate happens to you. 

In this article, we are going to discuss benefits and exclusions under ICICI Pru Cash Advantage Policy introduced by ICICI Prudential to make your have a clear and thorough understanding. 

Benefits of ICICI Pru Cash Advantage Policy

There are certain benefits that you can enjoy after purchasing the policy throughout the tenure of the policy

  • Death Benefit

    Under this Benefit, in case of your death during the policy tenure the nominee of the policy will be entitled to receive death benefits excluding the guaranteed cash benefits already paid during the policy. Death Benefits is highest of Sum Assured on Death along with Bonus, Guaranteed Maturity Benefit plus Bonuses or Minimum Death Benefit which is equal to 105% of the total premium paid till the death plus Simple Reversionary Bonuses and Terminal Bonus if any. 
  • Cash Benefits

    Guaranteed Cash Benefit is payable in advance throughout the policy tenure and it is the percentage of Guaranteed Maturity Benefit. The Cash Benefit is provided in Monthly and Annual Mode where, Monthly Guaranteed Cash Benefit is 1% of the Guaranteed Maturity Benefit whereas, Annual Cash Benefit  is 11.5% of Guaranteed Maturity Benefit. 
  • Maturity Benefit

    Maturity Benefit is provided on survival of the policyholder till the end of the tenure for all premiums paid. Maturity Benefit is higher of  

1. Guaranteed Maturity Benefit plus Reversionary Bonus and Terminal Bonus if any, 
2. 100.1% of Total Premiums paid less Guaranteed Cash Benefit received. 

  • Loan Benefits

    Under the Policy, You are eligible to avail loans after the policy obtains a surrender value and loans upto 80% of the surrender value. 

Exclusions of ICICI Pru Cash Advantage Policy

ICICI Pru Cash Advantage Policy does not provide any claims or coverage for death of the insurer on committing suicide -

  • Within the 12 months from the beginning date of risk under Policy (purchase or renewal), the Nominee of the policy shall be entitled to receive 80% of all the premiums paid or the surrender value whichever is higher.


ICICI Pru Cash Advantage Money Back Policy is an ideal solution for those who are looking for saving as well as protection at the same place. It offers triple privilege of death benefit, cash benefit and maturity benefit to help you plan and fulfill all your emergency needs. It is highly advisable for you to go through the terms and conditions, exclusions under the policy for better understanding and for an informed decision. 

Also Read: Why Should I Buy Money Back Insurance Plans Online at InsuranceDekho?

What Are The Common Exclusions Under Canara Hsbc Money-Back Insurance Plans?

Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.

Popularly Opted Term Insurance Sum Assured

People Also Read

Must BuyMust Buy

Why to Buy Life Insurance Policy Online from InsuranceDekho

  • Tax benefit upto 1,50,000*
  • Claim support everyday 10AM-7PM
  • 50 Lacs+ happy customers
Find the right life insurance for you
By clicking, I agree to *terms & conditions  and privacy policy.
Find the right life insurance for you
By clicking, I agree to *terms & conditions  and privacy policy.