# T&C Applied

1 Level Income and Increasing Income are income options available under ICICI Pru GIFT Pro. Guaranteed Benefits will be payable subject to all due premiums being paid. Under Level Income, the Guaranteed Income will remain constant throughout the income period. If Increasing Income is selected, the Guaranteed Income will increase at a simple interest rate of 5% p.a. You can either opt for Level Income or Increasing Income option. This option has to be selected at inception and cannot be changed later. 

2 You can choose to receive any percentage from 0% to 200% of the sum total of all annualized premiums payable by you as Moneyback Benefit. This will be paid as a Lump sum amount. Additionally, you also have the flexibility 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. Sum assured is dependent on the age of the policy holder. Please refer to sales brochure for more detail.eries, contact your independent tax advisor.