ICICI Prudential Savings Suraksha Plan is a traditional savings plan providing future financial security by way of savings and life insurance protection
Save Upto ₹46,800 in tax under Sec 80C
Inbuilt Life Cover
Tax Free Returns Unlike FD
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
0 years |
60 years |
Maturity Age (Last Birthday) |
18 years |
70 years |
Policy Term (PT) in years |
10 |
30 |
Premium Paying Term (PPT) in years |
5, 7, 10, 12 or equal to policy term |
|
Premium Paying Frequency |
Annual, half-yearly, monthly |
|
Yearly Premium |
12,000 |
No limit |
Sum Assured |
7 or 10 times Annual Premium depending on age |
Annual premium in Rupees and benefit illustration for a male aged 35 years
|
Limited Pay |
Regular Pay |
||
Policy term |
20 years |
20 years |
||
PPT |
10 years |
20 years |
||
Premium |
30,000 |
20,000 |
||
|
300,000 |
200,000 |
||
Guaranteed Maturity Benefit |
303,360 |
368,266 |
||
Guaranteed Additions |
75,840 |
92,067 |
||
|
@ 4% |
@ 8% |
@ 4% |
@ 8% |
Vested Reversionary Bonuses |
0 |
147,417 |
0 |
94,626 |
Terminal Bonus |
46,362 |
159,481 |
37,719 |
154,031 |
Total Maturity Benefit |
425,562 |
686,098 |
498,052 |
708,989 |
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.