Endowment:

Term:

Endowment:

Plan Name – ICICI PRU Assured Savings Insurance Plan (ASIP)

ICICI PRU Assured Savings Insurance Plan– A Non-Linked Non-Participating Life Individual Savings product, which gives you guaranteed savings benefits to meet your non-negotiable goals. It also provides you life insurance cover to take care of your family in case of your unfortunate demise.

Key Benefits are as below:

Guaranteed Additions¹: Every year, either 9% or 10% of total premiums paid will be added to your policy benefits depending on your policy term

Guaranteed Maturity Benefit (GMB)²: A guaranteed lump sum payable at the end of the policy term

Flexibility: Choose premium payment term and policy term as per your need

Tax benefits¹⁵: Tax benefits apply to premiums paid and benefits received as per the prevailing tax laws T&C

Eligibility Criteria

• Min Age entry – 3 years
• Max Age Entry – 60 years
• Premium paying term – 5, & 7 years
• Policy term – 10 & 15 years

Plan Name – ICICI PRU Lakshya Lifelong Income

Key Benefits

• Enjoy policy benefits till 99 years of age
• Guaranteed Income and Cash Bonus¹⁰ every year after Income start date11 till the age of 99 years
• Life cover throughout the policy term till the age of 99 years to secure your family’s future.
• Enjoy bonuses in the form of Regular Additions¹² every year to grow your wealth till the Income start date
• Get Guaranteed Capital protection in the form of ‘Sum Assured on Maturity¹³’
• Get one-time Terminal Bonus
• Liquidity¹⁴ benefits during the policy term to help you in case of financial emergencies
• Get Tax Benefits¹⁵ on premiums paid and benefits received as per prevailing tax laws

Plan Name – ICICI PRU Savings Suraksha

A Non-Linked Participating Life Individual Savings product

Key benefits of Savings Suraksha

Guaranteed benefits - You get Guaranteed Maturity Benefit⁷ PLUS Guaranteed Additions⁸ at maturity

Bonus - You get bonuses in form of vested reversionary bonus and terminal bonus⁹, if any to boost wealth creation

Tax benefits - The premiums paid and benefits received are eligible for tax benefits¹⁵

Life cover - Your family is financially protected for the entire policy term

Loan against policy - You can take a loan equal to 80% of the surrender value⁴

The plan allows you to choose the number of years for which you wish to pay premiums. You can opt for either the Five Pay option (payment of premiums for 5 years), Seven Pay option (payment of premiums for 7 years), Ten Pay option (payment of premiums for 10 years), Twelve Pay option (payment of premiums for 12 years) or the Regular Pay option (regular payment of premiums throughout the policy term).

Term:

Plan Name – ICICI PRU iProtect Smart

A Term Life Insurance Plan that financially protects you and your family This plan offers you the option to enhance your coverage against Accidental Death and Critical Illnesses and hence ensuring a 360 degree cover for your life.

Key Advantage are as below:

Enhanced protection: Get covered against terminal illness and disability³ in addition to death

Additional benefits: Option to choose Accidental Death Benefit⁴ and Accelerated Critical Illness Benefit (Optional)⁵ against 34 illnesses

Special premium rates: Special premium rates for non-tobacco users

Need based benefit payout: Choose to receive the benefit amount as a lump sum or as a monthly income for 10 years or a combination of both

Increase life cover: Option to increase life cover at important milestones of life like marriage and child birth/adoption

Tax benefits¹⁵: On premiums paid and benefits received as per the prevailing tax laws

The entire content is approved by ICICI Prudential life insurance vide Approval No: W//II/1528/2020-21

• Disclaimer: 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)).
• Disclaimer: Guaranteed Maturity Benefit (GMB) will be set at policy inception and will depend on policy term, premium, premium payment term, age and gender.
• Disclaimer: Death Benefit is payable on diagnosis of Terminal Illness. On diagnosis of Permanent Disability (PD) due to an accident, the future premiums under your policy for all benefits are waived. To know more about definitions, terms & conditions applicable for terminal illness & permanent disability due to accident, kindly refer sales brochure of ICICI PRU iProtect Smart.
• Disclaimer: Accidental Death benefit (ADB) is up to Rs. 2 Crores. ADB is available in Life Plus and All in One options. In case of death due to an accident Accidental Death Benefit will be paid out in addition to Death Benefit. Accidental Death Benefit will be equal to the policy term or (80-Age at entry), whichever is lower.
• Disclaimer: Critical Illness Benefit (CI Benefit) is optional and available under Life and Health and All in One options. This benefit is payable, on first occurrence of any of the 34 illnesses covered. Only doctor’s certificate confirming diagnosis needs to be submitted. The benefit is payable only on the fulfilment of the definition of the diagnosed critical illness. The CI Benefit, is accelerated and not an additional benefit which means the policy will continue with the Death Benefit reduced by the extent of the CI Benefit paid. The future premiums payable under the policy will reduce proportionately. If CI Benefit paid is equal to the Death Benefit, the policy will terminate on payment of the CI Benefit. To know more in detail about CI Benefit, terms & conditions governing it, kindly refer to sales brochure. CI Benefit term would be equal to policy term or 30 years or (75-Age at entry), whichever is lower.
• Disclaimer: Additional premium will be calculated based on the increased Sum Assured and outstanding policy term as per your age at the time of each such increase.
• Disclaimer: Your GMB will be set at policy inception and will depend on policy term, premium, premium payment term, Sum Assured on death and gender. Your GMB may be lower than your Sum Assured on death.
• Disclaimer: Guaranteed Additions (GAs) totaling 5% of GMB each year will accrue during the first five policy years if all due premiums are paid. GAs accrue on payment of due premium.
• Disclaimer: Reversionary bonuses may be declared every financial year and will accrue to the policy if it is premium paying or fully paid. Reversionary bonuses will be applied through the compounding bonus method. All reversionary bonuses will be declared as a proportion of the sum of the GMB and the vested reversionary bonuses, if any. Reversionary bonus once declared is guaranteed and will be paid out at maturity or on earlier death. A terminal bonus may also be payable at maturity or on earlier death
• Disclaimer: Guaranteed Income will be set at policy inception. Cash Bonus is a proportion of Sum Assured on Maturity.
• Disclaimer: Income Start Date (ISD) is fifth policy anniversary after the Premium Payment Term.
• Disclaimer: Bonus may be declared annually from the first year as ‘Regular Additions’ and will be a percentage of the ‘Sum Assured on Maturity’. Terminal Bonus may be declared by the Company and will be payable at policy maturity or on death.
• Disclaimer: Sum Assured on Maturity is equal to your total contribution throughout the policy term.
• Disclaimer: You can avail loans under this policy after the policy acquires surrender value. Loan amount of up to 80% of the Surrender Value can be availed. You have an option to en-cash regular addition after 2 full years’ premium payment, as cash pay-outs based on the applicable cash value factors. This option is not available for reduced paid-up policies.
• Tax benefits: Tax benefits under the policy will be as per the prevailing Income Tax laws. We recommend that you seek professional advice for applicability of tax benefit on premiums paid and benefits received. Goods & Services Tax and Cess (if any) will be charged extra as per prevailing rates. The tax laws are subject to amendments from time to time.