Loading...

Creating your personal application

Assured Savings Insurance Plan Calculator

Guaranteed Savings

WEALTH CREATION FOR ALL YOUR GOALS

Guaranteed Savings starting with just 2,500 p.m.
  • Additions every year - 9% - 10%^
  • Maturity Benefit - Lump sum at maturity~
  • Protection - Life Cover for entire policy
  • Tax Benefit - Benefits u/s 80C and 10(10D)*

Good news : Our Guaranteed Savings^~ have increased

percent

Calculate Returns

Error

Enter your personal details

Gender

XX Years
Error
Mobile
Error
Email
Error

If you wish to be redirected to calculate your premium without sharing your personal details, click here.

If you wish to be redirected to calculate your premium without sharing your personal details, click here.

The Guaranteed

The Guaranteed

ABC

s of our Savings Plan

ABC s of

our Savings Plan

Additions

Every year, either 9% or 10% of total premiums paid will be added to your policy benefits depending on your policy term^.

Benefits

You receive a guaranteed lump sum benefit at maturity at the end of the policy term, irrespective of market interest rates~.

Cover

You get Life Cover for the entire policy term so that your family is financially secured even in your absence.

Deductions

Reduce your taxable income as your life insurance premiums paid are eligible for Deduction u/s 80C* up to ₹ 150,000.

Exemptions

Enjoy tax free* payout, as both Maturity Benefit and Additions are tax exempt subject to conditions u/s 10(10D)*.

Flexibility

You have the option to choose the premium payment term and premium payment frequency according to your comfort.

Illustration

Nistha is a 30-year-old working woman. She envisions gifting a good lump sum amount to her parents on their golden jubilee anniversary which is due in 15 years. She is looking for a guaranteed savings plan that gives her assured returns on her savings such that she is able to gift her parents without worrying about the market returns & also save tax at the same time.

Get Double Benefit
Age 30 Age: 30 Age 45 Age: 45

Policy Term

(years)

15

Rupee Rupee
X
2X
money X
down-line
Get
Total Benefits 5.71 Lakh
Total Benefits 5.71 Lakh
2X Savings#
maturity-amount
Guaranteed Maturity Amount 4.93 Lakh
Sum of all
Guaranteed Additions
(GA)
Sum of all
Guaranteed Additions(GA)

3.25 Lakh

+
+
Guaranteed
Maturity Benefit
(GMB)
Guaranteed
Maturity Benefit(GMB)

1.68 Lakh

Varun, a 30 year old self employed runs a small business. His income changes according to his business profits. He also pays a good amount of money as taxes on his earnings & bank deposit. He also has very little life cover. He is looking to invest his savings in a safe plan every year to safeguard his family’s future needs along with saving of taxes and ensuring financial security for family.

Get 4G benefit
Age 30 Age: 30 Age 45 Age: 45

Policy Term

(years)

15

Rupee Rupee
money
down-line
Get Maturity amount 13.56 Lakh

Guaranteed Additions (GA) 8.4 Lakh

Guaranteed Maturity Benefit (GMB) 5.16 Lakh

Guaranteed Protection (SA) of 10 Lakh

Guaranteed Tax Benefit 80C & 10 (10D)*

4Gs 4Gs
maturity-amount

Vivek is a 40 year old senior corporate executive. Vivek is looking to retiring at the age of 55 and wants to accumulate a big corpus of close to 1 Crore for his retirement income. He wants to invest in a plan regularly for some years which will give him a corpus of 1 Crore on retirement as a tax-free guaranteed lump sum.

Become Crorepati
Age 40 Age: 40 Age 55 Age: 55

Policy Term

(years)

15

Rupee Rupee
money
down-line
Get Maturity amount 1.14 Crore
You get
Maturity amount
1.14 Crore
Sum of all
Guaranteed Additions
(GA)

78 Lakh

+
Guaranteed
Maturity Benefit
(GMB)

36.91 Lakh

maturity-amount

Rohit is the father of a 5 year girl child called Neeta. He wants to save for his daughter’s higher education needs and is worried that his savings may not meet his daughter's educational needs. He does not want to risk his child's future so he is looking for a guaranteed savings plan that gives assured returns on his savings.

Get Double Benefit
Age 5 Neeta's age 5years Age 20 Neeta's age 20years

Policy Term

(years)
Rupee Rupee
money
down-line
Get Maturity amount 8.24 Lakh
You get
Maturity amount
8.24 Lakh
Sum of all
Guaranteed Additions
(GA)

5.04 Lakh

+
Guaranteed
Maturity Benefit
(GMB)

3.20 Lakh

Lady maturity-amount

We are happy to help you!

Frequently Asked Questions

ICICI Pru Assured Savings Insurance Plan is a traditional non-participating non linked endowment life insurance plan. It gives you guaranteed savings benefit to meet your goals like child's education & comfortable retirement or see your family through future emergencies. It also provides you life insurance cover to take care of your family even in your absense.
You can choose to buy this plan with policy term of either 10 years or 15 years.
The minimum premium to start this plan is 30,000 p.a. and maximum premium is unlimited.
  • Premium Payment Term
  • 5 Years
  • 7 Years
  • Policy Term
  • 10 Years & 15 Years
  • 10 Years &
    15 Years
  • 15 Years
Monthly, Half-Yearly and Yearly premium payment modes are available under this plan.
  • Policy Term
  • 10 Years
  • 15 Years
  • Minimum Age
  • 8 Years
  • 3 Years
  • Maximum Age
  • 60 Years
  • 57 Years
On survival of the life assured till the end of the policy term provided all due premiums have been paid, the following will be payable: Maturity Benefit = Guaranteed Maturity Benefit (GMB) + Accrued Guaranteed Additions (GA)
Your Guaranteed Maturity Benefit (GMB) will be set at policy inception and will depend on policy term, premium, premium payment term, age and gender.

Guaranteed Additions (GAs) will be added to the policy at the end of every policy year if all due premiums have been paid. Each Guaranteed Additions is equal to Guaranteed Addition rate multiplied with the sum of premiums paid till the date. GA rates depends on policy term. For more details please refer to the brochure

https://www.iciciprulife.com/content/dam/icicipru/brochures/ICICI_Pru_Assured_Savings_Insurance_Plan.pdf

On death of the life assured during the policy term, for a premium paying or fully paid policy, the following will be payable: Death Benefit is equal to A or B or C, whichever is highest

Where,

A= Sum Assured plus accrued Guaranteed Additions

B= GMB plus accrued Guaranteed Additions

C= Minimum Death Benefit

Sum Assured on death is equal to 10 times of annual premium. Minimum Death Benefit is equal to 105% of sum of premiums paid till date (excluding extra mortality premiums, Goods & Services Tax and Cess (if any)).

If premium payment is discontinued after your policy has acquired a surrender value, your policy will continue as a ‘paid-up’ policy with reduced benefits. If you discontinue premium payment before your policy has acquired a surrender value, your policy will lapse and no benefits will be paid. For more details, please refer to the brochure

https://www.iciciprulife.com/content/dam/icicipru/brochures/ICICI_Pru_Assured_Savings_Insurance_Plan.pdf

Need help?

Our experts are happy to answer any questions you may have.

Call us at 1800-300-69777

Call centre hours -

9.30 a.m. - 7.30 p.m. Monday-Saturday

4 Simple Steps to Buy Online

1
Choose investment amount

Choose investment amount

Choose our online calculator to decide your investment amount and policy term or choose among our recommended plans.

2
Upload documents

Upload documents

Upload documents to pre-fill application form with details. This will also ensure faster issuance.

3
Make a payment

Make payment

Pay via a range of options including Net Banking/Debit Card/Credit card/ Payment Wallets.

4
Plan issued

Plan issued

Congratulations! Get digital Welcome Kit as soon as the plan is issued.

Get guaranteed returns
Receive quote on WhatsApp
15.7 Lakhs
&
Life cover ` 15 Lakhs
Error
Error
Other recommended options for you to choose
Other recommended options for you to choose
10 years plan
You get maturity benefits of
15,33,398
&
Life cover of
7,50,000
15 years plan
You get maturity benefits of
20,33,398
&
Life cover of
10,00,000
15 years plan
You get maturity benefits of
25,33,398
&
Life cover of
15,00,000

^Guaranteed Additions (GAs) rate will be 9% for policy term of 10 years and 10% for policy term of 15 years. GAs will be added to the policy at the end of every policy year if all due premiums have been paid. Each GA will be calculated as GA rate multiplied by the total premiums paid till date (excluding extra mortality premiums, Goods & Services Tax and Cess (if any)).

~Guaranteed Maturity Benefit (GMB): Your GMB will be set at policy inception and will depend on policy term, premium, premium payment term, age and gender. The increased savings are due to the increase in Guaranteed Maturity Benefit in UIN 105N144V06 as compared to that in UIN 105N144V05, as filed with IRDA.

*Tax benefits under the policy are subject to conditions under Section 80C, 80D,10(10D), 115BAC and other provisions of the Income Tax Act,1961. Good and Service 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.

#Calculated for a 30-year-old female, with a premium of 50000 p.a. for a 5 Pay 15 Stay option, in 30% tax bracket. Double your savings takes tax-savings into account. She gets a deduction tax benefit of 15600 per year by claiming deduction under section 80C on her premium paid of 50000/- per year. In total she pays 250000 over 5 years get the maturity value of 493423 along with 78,000& as Tax Savings totaling to 571423, thus doubling her savings.

&Tax benefit of 78,000 is calculated at the highest tax slab rate of 31.2% (including Cess excluding surcharge) on life insurance premium u/s 80C of 50000/- & 78000/- is sum total of tax benefit of 15600 for 5 years assuming person falls under 30% bracket in all the 5 years. Further, tax benefits under the policy are subject to conditions under Section 80C, 10(10D), Sec 115BAC 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.

1Calculated for a 29-year-old healthy male with a premium paying term of 7 years and a policy term of 15 years. The mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.

2Calculated for a 45-year-old healthy male with a premium paying term of 5 years and a policy term of 15 years. The mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.

3Calculated for a 6-year-old healthy female with a premium paying term of 5 years and a policy term of 15 years. The mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.

ICICI Prudential Life Insurance Company Limited. IRDAI Regn No. 105. CIN: L66010MH2000PLC127837. ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. For enquires related to new policies purchased online, please call us on 1-860-266-7766 and select option 4 on our Interactive Voice System. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. UIN:105N144V06. Advt. No.: W/II/1640/2020-21.

 
BEWARE OF SPURIOUS / FRAUD PHONE CALLS!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.