Reversionary Bonus Rates (Compounded)Â
                                   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             Â
|
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
|
|
|
|
|
|
