ICICI Pru Group Suraksha
Plus Superannuation
Interest accruals at the end of the financial year
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Minimum guarantees as per scheme options to the extent of 100% of contributions made
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Employee benefits payable on exit as per scheme rules
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Tax benefits^ as per prevailing laws
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Annuity purchase options including joint life and return of purchase price
Why choose the ICICI Pru Group Suraksha Plus Superannuation Plan?
Why choose the ICICI Pru Group Suraksha Plus Superannuation Plan?
Simplifies financial planning for superannuation funds
Provides tax benefits^, adding financial efficiency to the plan
Can be offered to Defined Benefit (DB) and Defined Contribution (DC) schemes
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Why choose ICICI Prudential Life?
Total inforce policies#
7,480
as on 30th September 2025
Number of lives covered
71,32,342**
Over
2 decades
of expertise in Employee Benefits
Claim Settlement Ratio
99.43%*
Claims settlement TAT
1.21 days*
Claims settled
2,265*
Group Sum Assured
₹13,549.97 Bn
#Count of employer-employee policies
** Total number of lives covered under employer-employee inforce policies
*Data for current financial year as on 30th September’2025
Source – Quarterly IRDAI public disclosures. Please refer to Public Disclosure section on ICICI Prudential website for more details
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Frequently asked questions
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How many members can be covered in the ICICI Pru Group Suraksha Plus Superannuation Plan?
A minimum of 10 members are required at the time of policy inception. You can include any number of members between the ages of 18 and 85 years.
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How can non-formal groups buy the ICICI Pru Group Suraksha Plus Superannuation Plan?
ICICI Pru Group Suraksha Plus Superannuation plan is available only for corporates (employer-employee groups) to administer their Superannuation Schemes or via Superannuation Trusts. However, ICICI Prudential offers other group plans for non-formal groups.
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How are the claims of the ICICI Pru Group Suraksha Plus Superannuation Plan settled?
All claims are settled according to the Scheme Rules in consultation with the Master Policyholder.
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What are Defined Benefit (DB) and Defined Contribution (DC) schemes?
A "defined benefit" scheme is where the employer guarantees a specific retirement payout based on a pre-determined formula, usually considering factors like years of service, final salary, and sometimes age.
A defined contribution (DC) scheme is where the contributions, either from the employer, employee, or both, are predetermined. The final value of the retirement fund depends on the accumulated contributions and their investment returns. Unlike defined benefit plans, there is no specific retirement income; instead, the final benefit is based on the investment performance of the account.
Disclaimers
- ^Tax benefits under the policy are subject to conditions and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
- ICICI Prudential Life Insurance Company Limited is only the name of the Life Insurance Company and ICICI Pru Group Suraksha Plus Superannuation (GSPS) is only the name of the insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
- © ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered life insurance company with IRDAI, Regn. No. 105. CIN: L66010MH2000PLC127837. Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai-25. Helpline number (Toll free)- 1800 2660. For more details on the risk factors, terms and conditions please read the product brochure carefully before concluding the sale.
- ICICI Pru Group Suraksha Plus Superannuation - UIN: .
- ADVT: W/II/1188/2025-26
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