ICICI Pru Assured Savings Insurance Plan
ICICI Pru Assured Savings Insurance Plan
ICICI Pru Assured Savings Insurance Plan
It is a Non-Linked Non-Participating Life Individual Savings product that comes with both the life insurance coverage benefit to protect your family in case of untimely demised of the life assured and savings benefits to meet the long-term goals of life.
Key Highlights:
- Under this plan, one can avail of the tax benefits that are applicable to the premiums paid and benefits received as per the prevailing income tax laws.
- Once you opt for this plan, every year either 9% or 10% of total premiums paid will be added to your policy benefits depending on your policy term.
- On survival of the life assured till the end of the policy term provided all due premiums have been paid, the maturity benefit will be payable which is equal to Accrued Guaranteed Additions + Guaranteed Maturity Benefit (GMB).
- With this policy, you can also avail of the surrender benefit and death benefit and can also enjoy the loan facility, which is up to 80%of the surrender value.
Eligibility Criteria:
| Parameters | Description |
| Entry age | Minimum – 3, 6, and 8 years, Maximum – 57 and 60 years |
| Age at maturity | Minimum – 18 years, Maximum – 72 years |
| Premium payment term | 5, 7, and 10 years |
| Policy term | 10, 12, and 15 years |
| Policy paying mode | Yearly, half-yearly and monthly |
| Minimum annual premium | Rs. 12,000, Rs. 18,000 and Rs. 30,000 (depend on various variables) |
