Home > Life Insurance Plans > Wealth Creatiion Plans > How does the ICICI Pru Guaranteed Savings Insurance Plan work?
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

How does the ICICI Pru Guaranteed Savings Insurance Plan work?

  • Select your premium paying term – 7 years or 10 years
  • Choose your Premium or Sum Assured (SA)
    (SA = Premium * premium payment term)
  • At maturity of the policy, you will receive sum of :
    Sum Assured (SA) - Which is the sum of all premiums in the policy
    Regular Additions (RA) -This guaranteed addition, expressed as a percentage of the SA, will be declared at the beginning of every policy year
    Maturity Addition (MA)-A lumpsum amount expressed as a percentage of the SA
  • On death during the term of the policy, while the policy is in force
    Receive a Guaranteed Death Benefit (GDB) which is sum of all premiums paid till date compounded at the rate of 5 percent per annum


Benefit Illustration


This illustration highlights estimated benefits that would be available to an individual on survival till the end of premium paying term.


Age at entry: 30 years        Premium paying mode: Yearly

Premium paying term: 7 years    Policy term: 15 years


Sum Assured (SA)   Rs. 1,75,000
Year 1 Regular Addition (RA)* 4% of SA Rs. 7,000
Year 2 Regular Addition (RA)* 4% of SA Rs. 7,000
Year 3 Regular Addition (RA)* & onwards 4% of SA Rs. 7,000
Accumulated RAs   Rs. 105,000
(A) Guaranteed Maturity Benefit (GMB)   Rs. 2,80,000
(B) Maturity Addition (MB)*   Rs. 74,292
Estimated Total Maturity Benefit (A+B)   Rs. 3,54,292


“If your policy offers guaranteed returns, then these will be clearly marked “guaranteed” in the Benefit Illustration on this page. These assumed rates for the RA and the MA are projected assuming a gross interest rate of 8% for this illustration only. The maturity benefit of your policy is dependent on a number of factors, including future performance.”


*RA will accrue at the end of each policy year. It will be disclosed at the start of that policy year. The RA shall be calculated as percentage of the SA. This percentage is guaranteed to be 50% of the annualised gross redemption yield (GRY) of the 10-year G-Sec, rounded down to the lower 0.2%,as at the Review Date immediately preceding the start of the policy year. The Review Date shall be the 7th of the first month of every quarter. In case the 7th is not a working day, the GRY of the next working day shall be considered for this purpose.

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