ICICI Prudential Insurance plans

ICICI Prudential Assured Savings Insurance Plan

ICICI Pru Assured Savings Insurance Plan is a non-linked insurance plan. The plan offers guaranteed savings benefit, to meet critical milestones like child education, marriage or retirement.
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ICICI Prudential Life insurance review

ICICI Prudential Life
Branches In India
517
Entry Age Minimum/Maximum (Years) - Term Plans
18/65
Sum Assured Minimum / Maximum - Term Plans
50 lacs / 100 cr
Policy Term Minimum / Maximum (Years) - Terms Plans
5years/ 85years and also we have whole life option
Solvency Ratio *
217% (2.17)
Death Claims Settled from 2002 till now
₹ 95.48 billion
Number of Lives Covered**
2133682
Claims Settlement Ratio ***
97.90%
Claim Settlement Time
1.4 days
13 months Persistency Ratio
87.10%
* - As per IRDAI data 2020-21 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2020-21  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

ICICI Prudential Assured Savings Insurance Plan Overview

  • Key features
  • Eligibility
  • Exclusions

Key Features of ICICI Prudential Assured Savings Insurance Plan

  • Guaranteed Additions (GA) – every year, 9% or 10%
  • Guaranteed Maturity Benefit (GMB) – lump sum amount at end of the policy term
  • Flexibility – to choose, premium payment and policy term
  • Tax Benefits - as per Section 80C and 10(10D) of the Income Tax Act

Eligibility of ICICI Prudential Assured Savings Insurance Plan

Particulars Minimum Maximum
Entry age (in years) 6 and 8
6 and 8
Maturity age (in years) 18 and 72
Premium (in Rs.) 12,000 and 18,000
Premium Payment modes Annually, Half yearly, Monthly
Premium payment term 7 and 10
Policy Term 10 and 12

Exclusions ICICI Prudential Assured Savings Insurance Plan

f the life assured, commits suicide, within a year of policy start 80% of the premiums paid, will be given to nominee. In case of suicide within one year from revival date, 80% of premiums paid or surrender value, whichever is higher would be paid and the policy will terminate.

Brochure

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Policy wordings

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025