Suraj is a 35-year-old IT employee. He wants to save for his future life goals with guaranteed capital protection and financial security for his family in his absence.
ICICI Pru Savings Suraksha is best solution for his needs
- Annual Premium: INR 30,000
- Premium payment term: 10 years
- Policy term: 20 years
- Life cover: INR 3,00,000
On maturity, Suraj will receive maturity benefit of INR 447,288 at 4% ARR and INR 721,615 at 8% ARR
In case of Suraj’s unfortunate demise during the 15th year, Suraj’s nominee will get INR 531,604 at 8% ARR and INR 385,230 at 4% ARR.
ARR stands for Assumed rate of return. If the policy offers guaranteed returns, then these will be clearly marked "guaranteed" in the Benefit Illustration. Since the policy offers variable returns, the given illustration shows two different rates of assumed future investment returns. The returns shown above are not guaranteed and they are not the upper or lower limits of what you might get back, as the maturity value of policy depends on a number of factors including future investment performance
Disclaimers
- ^Guaranteed Capital Protection: Capital Protection is in the form of Guaranteed Maturity Benefit and Guaranteed Additions.
- *Guaranteed Maturity Benefits (GMB): 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. Guaranteed benefits are payable subject to all due premiums being paid and the policy being in force on the date of maturity.
- *Guaranteed 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.
- Reversionary 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.
- Terminal Bonus may be declared by the Company and will be payable at policy maturity or on death.
- Life Cover is the benefit payable on death of the life assured during the policy term.
- Tax benefits under the policy are subject to conditions under Section 80C, 80D,10 (10D), 115 BAC and other provisions of the Income Tax Act, 1961.Good and Service tax and Cesses, if any will be charged extra as per prevailing rates. Tax laws are subject to amendments made there to from time to time. Please consult your tax advisor for details, before acting on above. The benefits shown in ‘How this plan works’ section are calculated for 8% and 4% Assumed Rate of Return.
© 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. Registered Address: 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. Non-Linked Participating Life Individual Savings Product UIN: 105N135V02 Advt. No. W/II/3353/2021-22.To know more, please visit www.iciciprulife.com.
The insurance products offered here are underwritten by ICICI Prudential Life Insurance Company Limited.
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
Insurance is the subject matter of solicitation. AU Small Finance Bank Limited ("AU Bank") with registered office at 19-A, Dhuleshwar Garden, Ajmer Road,Jaipur- 302001, Rajasthan (CIN: L36911RJ1996PLC011381) is a corporate agent (Composite, IRDAI Reg No.: CA0515 valid till 30/08/2023) of ICICI Prulife. The purchase by AU Bank’s customer of any insurance products offered by ICICI Prulife is purely on voluntary basis and the policy is not a linked product of any other facility offered by AU Bank. Tel.: 1800 1200 1200 / 1800 26 66677.
