1. Personal
  2. Insurance
  3. ICICI Pru Savings Suraksha

Overview

This is a Non-Linked, Participating Life Individual Savings product. A plan that provides stability with guaranteed* return and growth through bonuses. It helps secure your family’s future financially in your absence with a life cover1.

Feature of ICICI Pru Savings Suraksha

  • Life cover1 for entire policy term.
  • Choice of Premium Payment Term (PPT), premium payment mode, Sum Assured on death and policy term as per your need.
  • At policy maturity you receive:
    • Guaranteed Maturity Benefit2 (GMB)
    • Accrued Guaranteed Additions3 (GAs)
    • Vested Reversionary Bonus4 if any
    • Terminal Bonus5, if any
  • Tax6 Benefits on premiums paid and benefits received as per prevailing tax laws

  • *Guaranteed benefits is in the form of Guaranteed Maturity Benefit and Guaranteed Additions.
  • 1Life Cover is the benefit payable on death of the life assured during the policy term.
  • 2Guaranteed Maturity Benefits (GMB): Your GMB will be setup at policy inception and will depend on policy term, premium, premium payment term, sum assured on death and gender. Your GMB may be lower than your Sum Assured on death. Guaranteed benefits are payable subject to all due premiums being paid and survival of Life Assured till the end of policy term..
  • 3Guaranteed Additions (GAs) totaling 5% of GMB each year will accrue during the first five policy years if all due premiums are paid. GAs accrue on payment of due premium.
  • 4Reversionary bonuses may be declared every financial year and will accrue to the policy if it is premium paying or fully paid. Reversionary bonuses will be applied through the compounding bonus method. All reversionary bonuses will be declared as a proportion of the sum of the GMB and the vested reversionary bonuses, if any. Reversionary bonus once declared is guaranteed and will be paid out at maturity or on earlier death.
  • A5 terminal bonus may also be payable at maturity or on earlier death.
  • 6Tax benefits under the policy are subject to conditions under Sections 80C, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any will be charged extra as per applicable rates. Tax laws are subject to amendments from time to time. Please consult your tax advisor for more details.    

The plan is not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance. INDUSIND Bank Limited (CA Registration No:CA0001) is the Corporate Agent of ICICI Prudential Life Insurance Company Limited and does not underwrite the risk or act as an insurer. INDUSIND Bank Limited, 2401, Gen. Thimmayya Rd., (Cantonment), Pune – 411001. Participation by the Bank’s clients in the insurance products is purely on voluntary basis. Call us on: 1860 267 7777.

© ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. Regn. No. 105. CIN: L66010MH2000PLC127837. Reg. O .: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600. Customer helpline number - 1860 266 7766. Timings – 10:00 A.M. to 7:00 P.M., Monday to Saturday (except national holidays). Member of the Life Insurance Council. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. ICICI Pru Savings Suraksha Form No. E11, E12. UIN: 105N135V02 Advt. No. W/II/0861/2023-24 . To know more, please visit www.iciciprulife.com.

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