ICICI Pru Savings Suraksha This material is strictly
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ICICI Pru Savings Suraksha This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.
What does Savings Suraksha offer? • Savings with comfort of guarantee • Guaranteed Maturity Benefit (GMB) • Guaranteed Additions @5% of GMB p. a. for 5 years • Reversionary bonuses and terminal bonus to boost maturity corpus Flexibility • Choice of PPT : 5/7/10/12 and regular pay • Choice of policy term and premium frequency Protection • Life cover for the term of the policy This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.
How does the plan work? Vested reversionary bonuses + Terminal bonus Accumulated Guaranteed Additions Premiums Guaranteed Maturity Benefit Premium payment term Life cover for the policy term This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large. + +
How does the plan work? Step 1: Choose PPT, premium, Sum Assured, premium payment mode and policy term l Step 2: GMB calculated basis above factors as well as age and gender l Maturity Benefit Guaranteed Additions Features Death benefit Bonuses This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.
Boundary conditions Premium payment option Premium payment term (years) Policy term ( years) Minimum annual premium (Rs. ) Min / Max age at entry Min / Max age at maturity Sum Assured on death Premium paying mode Limited Pay 5 7 12 Policy term 10 to 30 12 to 30 15 to 30 17 to 30 10 to 30 30, 000 12, 000 18, 000 Age at entry (years) 10 Regular Pay 12, 000 0 / 60 years Sum Assured 18 / 70 years <45 10 times annual premium 45 to 54 10 times annual premium or 7 times annual premium >54 7 times annual premium Annual / Half-yearly / Monthly This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.
Thank You This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.
Death Benefit l Death Benefit = Highest of, Sum Assured + Accrued Guaranteed Additions +Bonuses* l GMB + Accrued Guaranteed Additions + Bonuses* l Minimum Death Benefit** l *Bonuses consist of vested reversionary bonuses, interim bonus and terminal bonus, if any. **Minimum Death Benefit is equal to 105% of sum of premiums paid till date (excluding extra mortality premiums, service tax and cesses, if any). This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.
Guaranteed Additions l Guaranteed Additions (GAs) accrue on payment of each due premium, during the first 5 policy years. l Each GA is a percentage of the Guaranteed Maturity Benefit (GMB) as per the table below. Guaranteed Premium payment Addition (As a % of mode GMB) Annual 5% Half-yearly 5% / 2 Monthly 5% / 12 This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large. Total GA on full year’s premium payment 5% of GMB p. a.
Maturity Benefit l Maturity Benefit = GMB + Guaranteed Additions + Vested reversionary bonuses, if any + Terminal bonus, if any This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.
Bonuses l Reversionary bonus Declared for premium paying / fully paid policies from yr 1 onwards l Compound interest basis on the GMB l Payable at death/maturity l l Terminal bonus Applicable for premium paying / fully paid policies l Applicable only on death or maturity l This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large.
