ICICI Pru Anmol Bachat

ICICI Pru
Anmol Bachat
Non Linked Micro Insurance Term Plan

Why is ICICI Pru Anmol Bachat special?

Pay premiums as per your comfort
You have the freedom to choose the number of years you want to pay premiums for.



Choice of frequency of premiums
Adding to the comfort of choosing the number of premium paying years, you can handpick the times you want to pay such as once a year, twice a year or every month.

Moreover, the Company offers you flexible premium payment options viz.- 5 pay , 7 pay and 10 pay.

Secure your future dreams and goals
Planning for the life events of your loved ones just got easier. With Anmol Bachat, you receive a guaranteed pay-out along with accrued bonuses when the policy matures. This corpus can be utilised at important milestones like your child's education, their marriage or that much-awaited vacation.

How much Maturity Benefit do I get?
If you have paid regular premiums and survived the end of the policy term, you will receive:

Maturity Benefit, which is higher of A or B, where:

1. A = Guaranteed Maturity Benefit (plus vested Reversionary Bonuses and Terminal Bonuses, if any)

2. B = 100.1% of total premiums paid (excluding any extra Mortality Premium and taxes)

Your Guaranteed Maturity Benefit will be set at policy inception and will depend on age at entry, policy term, premium payment term and gender and maybe lower than your Sum Assured on death. All policy benefits cease on payment of the maturity benefit. Reversionary bonus, if any, will be declared each year during the term of the policy starting from the first policy year.

Protect your family from unforeseen events
In case of an unfortunate event of your death, ICICI Pru Anmol Bachat supports your family. Your loved ones will receive a pay-out called the Death Benefit that helps them to fulfil their financial needs

How is the Death Benefit calculated?
Death Benefit = Higher of

1. Sum Assured on Death, plus subsisting bonuses* already accrued

2. 105% of all the premiums paid as on date of death

Sum Assured on Death for Single Pay policy is defined as, highest of

1. Sum assured multiple X Single Premium

2. Minimum guaranteed sum assured on maturity

3. Absolute amount assured to be paid on death

Sum Assured on Death for Limited / Regular Pay policy is defined as, highest of

1. Sum assured multiple X Annualized Premium

2. Minimum guaranteed sum assured on maturity

3. Absolute amount assured to be paid on death

Where, Sum Assured Multiple is as per the table below.



Tax benefits
Enjoy Tax benefits avail exemptions of up to Rs. 1.5 Lakhs on the premium paid. Also, on maturity you get tax-free lump sum pay-out in the form of maturity amount.

How do I avail tax benefit on the premium paid
You can claim deduction of life insurance premium paid from your taxable income as per the provisions under section 80C. The overall limit of exemption under section 80C is Rs. 1, 50,000/-.

How will the money I get on maturity be tax free?
Payout received on maturity may be taxable as per prevailing tax laws.

Choice of protection level
Enjoy the safety of a life cover based on your desired level of protection.

Product Snapshot
ICICI Pru Anmol Bachat - a plan that protects and grows your savings and provides you a life cover. Under this plan, you have the flexibility to choose a premium payment term based on your needs.

Product Information

Ten Pay
Pay premiums only for 10 years

How many years do I have to pay premiums for?
The premiums have to be paid for 10 years.

What is the duration of the policy?
The policy will last for 10 or 15 years.

How much can I invest?
You can pay Minimum annual premium of Rs. 2400 p.a. and maximum annual premium of Rs. 12,000 p.a.

At what age can I start investing in this plan?
You can start investing from the age of 18. The maximum age to start investing in this plan is 55 years for policy term of 15 years and 50 years for policy term of 10 years.

Seven Pay
Pay premiums only for 7 years

How many years do I have to pay premiums for?
The premiums have to be paid for seven years.

What is the duration of the policy?
The policy will last for 10 years

How much can I invest?
You can pay Minimum annual premium of Rs. 2400 p.a. and maximum annual premium of Rs. 12,000 p.a.

At what age can I start investing in this plan?
You can start investing from the age of 18. The maximum age to start investing in this plan is 50 years

Five Pay
Pay premiums only for 5 years

How many years do I have to pay premiums for?
The premiums have to be paid for five years.

What is the duration of the policy?
The policy will last for 10 years.

How much can I invest?
You can pay Minimum annual premium of Rs. 2400 p.a. and maximum annual premium of Rs. 12,000 p.a.

At what age can I start investing in this plan?
You can start investing from the age of 18. The maximum age to start investing in this plan is 40 years

One Pay
Pay premium once

How many years do I have to pay premiums for?
The premium has to be paid once

What is the duration of the policy?
You can choose for the policy to last either 5 years or 10 years

How much can I invest?
You can pay Minimum single premium of Rs. 2400 and maximum premium single of Rs. 12,000.

At what age can I start investing in this plan?
You can start investing from the age of 18. The maximum age to start investing in this plan is 60 years

Benefit Illustrator