## Why is ICICI Pru Assured Savings Insurance Plan special?

At the end of the policy period, you will receive a lump sum pay out called Maturity Benefit, which helps you fulfil your family’s dreams.

#### How much money will I get at policy maturity?

At the end of the policy term, provided all due premiums have been paid, Maturity Benefit would be payable. It will be a sum of Accrued Guaranteed Additions# and Guaranteed Maturity Benefit.

The GMB depends on several factors such as policy term, premium payment term, age and gender. Please read further for more details on GAs.

#Every year an amount called the Guaranteed Addition is added to the policy. Guaranteed Addition (GA) is equal to the predetermined Guaranteed Addition rate multiplied by the sum of all premiums paid till date (excluding extra mortality premiums and taxes).

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

#### How is the Guaranteed Addition (GA) calculated?

Guaranteed Addition (GA) is equal to a fixed Guaranteed Addition Rate multiplied by the sum of all premiums paid.

For example, if you choose a policy term of 12 years, the GA rate will be 10% per year. If your annual premium is `50,000, the GA will be as below:

Policy Year Premiums Paid for the Year Total Premiums paid till date Guaranteed Addition for the year = GA Rate x sum of all premiums paid
1 50,000 50,000 10% x 50,000 = `5,000
2 50,000 1,00,000 10% x 1,00,000 = `10,000
3 50,000 1,50,000 10% x 1,50,000 = `15,000

#### How is the Guaranteed Addition (GA) Rate calculated?

The GA rate depends upon the policy term you have chosen, as shown below:

10 years 9%
12 years 10%

ICICI Pru Assured Savings Insurance Plan provides your loved ones a lump sum pay-out. This amount ensures that even in your absence your family members are able to live the life you planned for them.

#### How much money will my family receive in my absence?

Your family will receive a lump sum amount, which will be the higher of:

• A fixed amount called the Sum Assured^ including Guaranteed Additions. Here, Sum assured is 10 times of the annual premium.

• Guaranteed Maturity Benefits (GMB) including Guaranteed Additions

• Minimum Life Cover that is the higher of the following:

- 105% of sum of premiums paid till date#

- 10 times the annual base premium

- Chosen Sum Assured^

• #Excluding extra mortality premiums* and taxes. The cost of providing a Life Cover under the policy is called Mortality Premium.
^Sum Assured is the fixed minimum amount guaranteed on maturity.

You have the option of choosing the number of years for which you wish to pay premiums. You can opt for either the Seven Pay option (payment of premiums for 7 years), or the Ten Pay option (payment of premiums for 10 years).

With this plan, you can reduce your taxable income by investing up to ` 1.5 lakh under Section 80C. This will help you save tax. What's more, the money you get on maturity or death is also completely tax-free*.

*Tax benefits under the policy are subject to conditions under Section 80C, 10(10D) and other provisions of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time.

### Product Snapshot

You save to fulfill the essential needs of your family such as quality education for your children, a comfortable retirement for yourself, the best lifestyle for your spouse and many more such dreams. Presenting ICICI Pru Assured Savings Insurance Plan that provides guaranteed savings to help you protect the goals of your family.

### Product at a Glance - ICICI Pru Assured Savings

This plan allows you to choose the number of years for which you wish to pay premiums. You can opt for either the Seven Pay option (payment of premiums for 7 years), or the Ten Pay option (payment of premiums for 10 years).

#### How many years do I have to pay premium for?

You have to pay the premiums for 10 years.

#### How long does the policy last?

The policy lasts for 12 years.

#### How much premium can I pay?

You have to pay a minimum of `12,000.

#### At what age can I start this plan?

You can start from the age of 6 years. The maximum age should not exceed 60 years.

#### How old should I be when the plan reaches maturity?

Your minimum age at policy maturity should be 18 years and the maximum age should not exceed 72 years.

#### How many years do I have to pay premium for?

You have to pay the premiums for 7 years.

#### How long does the policy last?

You can choose the policy to last for either 10 or 12 years.

#### How much premium can I pay?

You have to pay a minimum premium of `18,000.

#### At what age can I start this plan?

For a policy term of 10 years, you can start from the age of 8 years and the maximum age should not exceed 60 years. For a policy term of 12 years, you can start from the age of 6 years and the maximum age should not exceed 60 years.

#### How old should I be when the plan reaches maturity?

Your minimum age at policy maturity should be 18 years and the maximum age should not exceed 72 years.

The above illustration is for a healthy male life assured and assumes all due premiums until maturity are paid.

ICICI Pru Assured Savings Insurance Plan (UIN: 105N144V01)

W/II/0262/2016-17