ICICI LifeGuard:

ICICI Prudential has introduced the ICICI LifeGuard.  Once you buy this policy you will see that it will cover your family at times of financial instability, since it is specially designed to do so.

By buying this policy you have the advantage of,
This plan is available at an affordable cost and hence anyone can buy it.  This policy has two plans, LifeGuard with return of premium and LifeGuard Single Premium.  

The LifeGuard with return of Premium plan permits you to pay your premiums regularly on a monthly, half yearly or annual basis.  You can choose your policy term anywhere between ten to thirty years.  The least sum assured that you are eligible to receive will be rupees five lakhs.  

The LifeGuard Single Premium allows you to pay your premium as a single lump sum at the time of buying the policy and receive life cover throughout your chosen policy term. 

You have a limited policy term here of a minimum term of three years and a maximum policy term of fifteen years.  The least sum assured that you will receive will be rupees two and a half lakhs.

ICICI LifeGuard offers,
That in the event of unexpected death, the company will provide your nominee with the sum assured according to the provided death benefit of the policy.

The Return of Premium plan offers an extra benefit the extended life cover.  By this extended life cover, after your policy term is over, you can opt to have your family still secured by the policy by paying fifty percent of the original sum assured. 

This extended cover will last for another five years. The plan offers eligibility to receive all the premiums paid at the time of maturity.

This plan offers two riders, the Accident and Disability benefit rider and the Waiver of Premium rider.  To opt for any of these riders you would have to pay an additional premium and receive the benefits that are provided by them.

The policy offers security of investment while providing strong life cover to the policyholder and the nominees.