## 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 Benefit1.

The GMB depends on several factors such as policy term, premium payment term, age and gender. Your Guaranteed Maturity Benefit (GMB) will be set at policy inception and will depend on age, policy term, premium, premium payment term and gender. Your GMB may be lower than your Sum Assured on death. 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, 9% or 10% Guaranteed Additions would be added to your policy 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 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 9% x 50,000 = `4,500
2 50,000 1,00,000 9% x 1,00,000 = `9,000
3 50,000 1,50,000 9% x 1,50,000 = `13,500
4 50,000 2,00,000 9% x 2,00,000 = `18,000
5 50,000 2,50,000 9% x 2,50,000 = `22,500
6 0 2,50,000 9% x 2,50,000 = `22,500
7 0 2,50,000 9% x 2,50,000 = `22,500
8 0 2,50,000 9% x 2,50,000 = `22,500
9 0 2,50,000 9% x 2,50,000 = `22,500
10 0 2,50,000 9% x 2,50,000 = `22,500

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

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

Policy Term Guaranteed Addition
10 years 9%
15 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)1 including Guaranteed Additions

• Minimum Life Cover2 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 either Monthly. Half-Yearly or Annual mode of premium payment according to your comfort.

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 Insurance Plan

This plan allows you to choose the number of years for which you wish to pay premiums.

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

You have to pay the premiums for 5 years.

#### How long will the policy last?

You can choose a policy term of either 10 or 15 years.

#### How much premium can I pay?

For policy term of 10, minimum premium is `40,000 and for policy term 15, minimum premium is `50,000.

#### At what age can I start the plan? / How old should I be when the plan reaches maturity?

Policy Term 10 15
Minimum/Maximum age at entry 8 / 60 3 / 57
Minimum/Maximum age at maturity 18 / 72 18 / 72

#### 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?

The policy will last for 15 years.

#### How much premium can I pay?

You have to pay a minimum of `50,000.

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

You can start from the age of 3 years. The maximum age should not exceed 57 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.

### 1. What is Guaranteed Savings Plan?

A guaranteed savings plan helps you achieve your financial goals by offering a guaranteed lump sum amount at maturity. The guaranteed returns protect your investment and the profits help you fulfil your long-term goals like buying property, children’s education or saving for retirement.
You have to put in a pre-determined premium amount regularly. Such systematic, long-term savings enable you to build a corpus. The plan also provides guaranteed additions on your accruing premiums, thereby increasing your wealth.
The guaranteed savings insurance plan also provides life cover2. Thus, it keeps your loved ones secure from financial challenges in case of an eventuality.

### 2. What is the Maturity Benefit in Guaranteed Savings Plans?

At the end of the policy period, you will get the maturity benefit if you have paid all due premiums. It will be the sum of the Guaranteed Maturity Benefit (GMB)1 and the accrued Guaranteed Additions (GA)^. Therefore, Maturity Benefit = GMB + accrued GA.

### 3. What is Death Benefit in Guaranteed Savings Plans?

In case of an unfortunate event, your nominee receives a lump sum payout, whichever is the highest among the following:
• 105% of all premiums paid as on the date of demise
• Sum assured on death (ten times your annual premium) plus the accrued GA
• GMB + GA
• An amount that is ten times the value of your annual base premium

COMP/DOC/Nov/2020/611/4754

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

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Guaranteed benefits are payable subject to all due premiums being paid and the policy being in force on the date of maturity.

1 Guaranteed Maturity Benefit (GMB) will be set at policy inception and will depend on policy term, premium, premium payment term, age and gender.

2 Life Cover is the benefit payable on death of the life assured.

^ 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)).

ICICI Pru Assured Savings Insurance Plan (UIN: 105N144V08)

W/II/2758/2020-21