ICICI Pru Assured Savings Insurance Plan

ICICI Pru
Assured Savings Insurance Plan
A Guaranteed Savings Plan

Why is ICICI Pru Assured Savings Insurance Plan special?

Gives you a lump sum pay out to secure your future
At the end of the policy period, you will receive a lump sum pay out called Maturity Benefit, which helps you fulfil your family's dreams.

How much money will I get at policy maturity?
At the end of the policy term, provided all due premiums have been paid, Maturity Benefit would be payable. It will be a sum of Accrued Guaranteed Additions# and Guaranteed Maturity Benefit1.

The GMB depends on several factors such as policy term, premium payment term, age and gender. Your Guaranteed Maturity Benefit (GMB) will be set at policy inception and will depend on age, policy term, premium, premium payment term and gender. Your GMB may be lower than your Sum Assured on death. Please read further for more details on GAs.
#Every year an amount called the Guaranteed Addition is added to the policy. Guaranteed Addition (GA) is equal to the predetermined Guaranteed Addition rate multiplied by the sum of all premiums paid till date (excluding extra mortality premiums and taxes).

Grow your wealth with Guaranteed Additions
Every year, 9% or 10% Guaranteed Additions would be added to your policy depending on your policy term.

How is the Guaranteed Addition (GA) calculated?
Guaranteed Addition (GA) is equal to a fixed Guaranteed Addition Rate multiplied by the sum of all premiums paid.

For example, if your annual premium is Rs. 50,000, the GA will be as below:



Secure your loved ones even in your absence
ICICI Pru Assured Savings Insurance Plan provides your loved ones a lump sum pay-out. This amount ensures that even in your absence your family members are able to live the life you planned for them.

How much money will my family receive in my absence?
Your family will receive a lump sum amount, which will be the higher of:

1. A fixed amount called the Sum Assured^ including Guaranteed Additions. Here, Sum assured is 10 times of the annual premium.

2. Guaranteed Maturity Benefits (GMB)1 including Guaranteed Additions

3. Minimum Life Cover2 that is the higher of the following:

- 105% of sum of premiums paid till date#

- 10 times the annual base premium

- Chosen Sum Assured^

#Excluding extra mortality premiums* and taxes. The cost of providing a Life Cover under the policy is called Mortality Premium.
^Sum Assured is the fixed minimum amount guaranteed on maturity.

Pay premiums as per your comfort
You have the option of choosing either Monthly. Half-Yearly or Annual mode of premium payment according to your comfort.

Get tax benefits
With this plan, you can reduce your taxable income by investing up to Rs. 1.5 lakh under Section 80C. This will help you save tax. What's more, the money you get on maturity or death is also completely tax-free*.

*Tax benefits under the policy are subject to conditions under Section 80C, 10(10D) and other provisions of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time.

Product Snapshot
You save to fulfill the essential needs of your family such as quality education for your children, a comfortable retirement for yourself, the best lifestyle for your spouse and many more such dreams. Presenting ICICI Pru Assured Savings Insurance Plan that provides guaranteed savings to help you protect the goals of your family.

Product Information

Product at a Glance - ICICI Pru Assured Savings Insurance Plan
This plan allows you to choose the number of years for which you wish to pay premiums.

Five Pay

How many years do I have to pay premiums for?
You have to pay the premiums for 5 years.

How long will the policy last?
You can choose a policy term of either 10 or 15 years.

How much premium can I pay?
For policy term of 10, minimum premium is Rs. 40,000 and for policy term 15, minimum premium is Rs. 50,000.



Seven Pay

How many years do I have to pay premium for?
You have to pay the premiums for 7 years.

How long does the policy last?
The policy will last for 15 years.

How much premium can I pay?
You have to pay a minimum of Rs. 50,000.

At what age can I start this plan?
You can start from the age of 3 years. The maximum age should not exceed 57 years.

How old should I be when the plan reaches maturity?
Your minimum age at policy maturity should be 18 years and the maximum age should not exceed 72 years.

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