Key Features of ICICI Prudential Savings Suraksha Plan
- Guaranteed Additions (GA) – every year 5%
- Guaranteed Maturity Benefit (GMB)– lump sum amount at end of the policy term
- Vested Reversionary Bonus /Terminal Bonus – if any
- Flexibility – to choose, premium payment, policy term, sum assured
Benefit of CICI Prudential Savings Suraksha Plan
Maturity Benefit payable under Regular policy, is illustrated below:
Criteria: Entry age – 35 years, Policy Term – 20 years, Premium Payment Term – 20 years, Annual Premium – Rs. 20,000, Sum Assured – 2,00,000, Premium Payment mode – Yearly
| Benefits |
@4% (in Rs.) |
@8% (in Rs.) |
| Guaranteed Maturity Benefit (A) |
3,68,266 |
3,68,266 |
| Guaranteed Additions (B) |
92,067 |
92,067 |
| Estimated vested reversionary bonuses (C) |
0 |
94,626 |
| Estimated terminal bonus (D) |
37,719 |
1,54,031 |
| Estimated Maturity Benefit (A+B+C+D) |
4,98,052 |
7,08,989 |
Exclusions ICICI Prudential Savings Suraksha Plan
If 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.
