|
Reversionary Bonus Rates (Compounded)
Reversionary Bonus Rates (Compounded)
|
| Plan Name |
2006-07 |
2007-08 |
2008-09 |
2009-10 |
| SavenProtect |
3.25% |
3.00% |
2.25% |
4.00% |
| SavenProtect (Mass) |
3.25% |
3.00% |
2.25% |
4.00% |
| Cash Bak (15 yrs) |
3.25% |
3.00% |
2.25% |
4.00% |
| Cash Bak (20 yrs) |
3.25% |
3.00% |
2.25% |
4.00% |
| Smartkid RP |
3.25% |
3.00% |
2.25% |
4.00% |
| ForeverLife SP |
3.25% |
3.00% |
2.50% |
4.00% |
| ForeverLife RP |
3.25% |
3.00% |
2.50% |
4.00% |
Please note the reversionary bonus is declared according to policy terms and conditions. In case of ICICI Pru SavenProtect , ICICI Pru Cashbak, ICICI Pru Smart Kid and ICICI Pru Forever life the reversionary bonus is declared after the 4th policy year.
Method of calculating the compound reversionary bonus
Please find below the cumulative accumulated bonus amount over a 15 year term for a sum assured of Rs 1 lakh and a compound reversionary bonus of 4%.
| Year |
Sum Assured (SA) |
Cumulative SA incl. bonus accumulation |
Bonus amount (Rs) for the year |
| Year 1 |
100,000 |
100,000 |
4,000 |
| Year 2 |
100,000 |
104,000 |
4,160 |
| Year 3 |
100,000 |
108,160 |
4,326 |
| Year 4 |
100,000 |
112,486 |
4,499 |
| Year 5 |
100,000 |
116,986 |
4,679 |
| Year 10 |
100,000 |
142,331 |
5,693 |
| Year 15 |
100,000 |
173,168 |
6,927 |
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