1. Home
  2. ICICI Prudential
  3. Investment
  4. ICICI Prudential Savings Suraksha Plan
ICICI Prudential Insurance plans

ICICI Prudential Savings Suraksha Plan

ICICI Pru Savings Suraksha Insurance Plan is a non-linked insurance plan. The plan offers guaranteed maturity benefit - to meet financial needs like buying a house, children’s education, dream vacation and peaceful retirement. In the event of the unfortunate death of the policyholder during the policy term, Sum Assured + Guaranteed Additions is paid to the nominee.
Request a Call Back
Name is required
Email is required
Contact is required
Thank you for contacting us

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 Savings Suraksha Plan Overview

Key features

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

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

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.

Brochure

Review ICICI Prudential Savings Suraksha Plan Insurance brochure to understand coverage details.

Know more »

Policy wordings

Review ICICI Prudential Savings Suraksha Plan Insurance policy wordings which explains the terms and conditions.

Know more »

Search for ICICI Prudential Investment insurance

Useful links

Product links

Keep in touch

  • Address

    InstantCover Insurance Web Aggregator Private limited
    710, 6th B Cross, 16th Main Road, Koramangala 3rd Block, Bangalore - 560 034.

  • 080-41101026
  • Send an email
CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025