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Creating your personal application

Guaranteed Savings Plan

Guaranteed Wealth Creation for all your Goals

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

Additional guaranteed return on online purchase%

Check Guaranteed returns

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Enter your personal details

Gender

XX Years
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The Guaranteed

The Guaranteed

ABC s of our Savings Plan

ABC s of

our Savings Plan

Additions

Every year, we will add Guaranteed 9% or 10% of your total paid premium to your policy benefit ^.

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 all your premiums are eligible for Tax Deductions u/s 80C*.

Exemptions

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

Flexibility

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

Benefit 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 30 Age Age 45 45 Age

Policy Term

(yrs)

15

Rupee Rupee
X
2X
money X
down-line
Get
Total Benefits ₹ 5.48 Lakh
Total Benefits ₹ 5.48 Lakh
2X Savings#
maturity-amount
Guaranteed Maturity Amount 4.7 Lakh
Sum of all
Guaranteed Additions
(GA)
Sum of all
Guaranteed Additions(GA)

3.25 Lakh

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

1.45 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 30 Age Age 45 45 Age

Policy Term

(yrs)

15

Rupee Rupee
money
down-line
Get Maturity amount 12.93 Lakh

Guaranteed Additions (GA) 8.4 Lakh

Guaranteed Maturity Benefit (GMB) 4.53 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 40 Age Age 55 55 Age

Policy Term

(yrs)

15

Rupee Rupee
money
down-line
Get Maturity amount 1.10 Crore
You get
Maturity amount
1.10 Crore
Sum of all
Guaranteed Additions
(GA)

78 Lakh

+
Guaranteed
Maturity Benefit
(GMB)

31.72 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 5yrs Age 20 Neeta's age 20yrs

Policy Term

(yrs)
Rupee Rupee
money
down-line
Get Maturity amount 7.87 Lakh
You get
Maturity amount
7.87 Lakh
Sum of all
Guaranteed Additions
(GA)

5.04 Lakh

+
Guaranteed
Maturity Benefit
(GMB)

2.83 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.
  • 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/leaflets/IPru_ASIP_English.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/leaflets/IPru_ASIP_English.pdf

Need help?

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

Call us at 1800-300-69777

Call centre hours -

9.00 a.m. - 9.00 p.m. all days

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
15.7 Lakhs
&
Life cover ` 15 Lakhs
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Other options for you to choose
Other recommended options for you
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 (GA): Every year either 9% or 10% of total premiums paid will be added to your policy benefits depending on your policy term. Each GA will be calculated as GA rate multiplied by the total premiums paid till date.

~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.

*Tax benefit of 46,800 is calculated at highest tax slab rate of 31.2% (including Cess excluding surcharge) on life insurance premium u/s 80C of 1,50,000.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 & Services Tax and Cess (if any) will be charged extra by redemption of units, as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. All policies issued from April 1, 2012, with sum assured (cover on death) less than 10 times of annual premium will not be eligible for tax benefit u/s 10(10D). Further tax benefit u/s 80C will be limited only up to 10% of Sum Assured. Please seek professional tax advice for applicability of tax benefits on premiums paid and benefits received.

1Calculated for a 41-year-old healthy male for a 7 Pay 15 Stay option.

2Calculated for a 45 year old healthy male for a 5 Pay 15 Stay option.

%Guaranteed Maturity Benefit increases by 1% for online purchase.

#Calculated for a 30-year-old female, with a premium of Rs.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 Rs 15600 per year by claiming deduction under section 80C on her premium paid of Rs.50000/- per year. In total she pays Rs. 250000 over 5 years get the maturity value of Rs 470449 along with Rs. 78,000& as Tax Savings totaling to Rs. 548449, thus doubling her savings.

&Tax benefit of Rs 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 Rs. 50000/- & Rs.78000/- is sum total of tax benefit of Rs 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.

+Calculated for a 30 year old healthy male, with a premium of 1,00,000 p.a. for a 5 Pay 15 Stay option, in 30% tax bracket. Double your savings takes tax-savings into account. He gets deduction tax benefit of 31,200 per year by claiming deduction under section 80C on his premium paid of 100,000/- per year . In total he pays 5,00,000 over 5 years gets the maturity value of 9,38,538 along with 1,56,000* as Tax Savings totaling to 1094538, thus doubling his savings.

Tax benefit of 31,200 is calculated at highest tax slab rate of 31.2% (including Cess excluding surcharge) on life insurance premium u/s 80C of 1,00,000/- & 156,000/- is sum total of tax benefit of 31,200 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.

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 brochurecarefully 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:105N144V05. Advt. No.: W/II/1293/2020-21.

 
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