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 Home > Life Insurance Plans > Wealth Creatiion Plans > Features and benefits of Guaranteed Savings Insurance Plan
Why ICICI Pru Guaranteed Savings Insurance Plan
Guaranteed Savings Insurance Plan at a glance
Features and benefits of Guaranteed Savings Insurance Plan
How does the Guaranteed Savings Insurance Plan work?
Download brochure of Guaranteed Savings Insurance Plan
Regular Addition Rates
 

Features and benefits of Guaranteed Savings Insurance Plan

Features and benefits of Guaranteed Savings Insurance Plan

 

  • Limited pay: You have a choice of paying premiums for either 7 or 10 years, while enjoying a long term savings benefit under the plan
  • Guaranteed benefits: Receive guaranteed benefit at the end of the policy term in form of Guaranteed Maturity Benefit (GMB):
    • In the beginning, the GMB would be equal to sum of all premiums payable under the plan
    • This GMB would increase every year by guaranteed Regular Additions (RAs), to increase your savings payable at maturity of plan. The Regular Addition expressed as a percentage of the SA, will be declared at the beginning of every policy year.
  • Additional maturity benefit: Receive additional amount in form of Maturity Addition (MA) at the end of the policy term
  • Death Benefit: Receive a Guaranteed Death Benefit (GDB) equal to the sum of all premiums paid till date compounded at the rate of 5 percent per annum
  • Easy to purchase: Easy and hassle free application process with no medicals
  • Tax benefits: Tax benefits on the premium paid and benefits received under the policy, as per the prevailing Income Tax laws

 
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