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ICICI Life Sukh Samruddhi

ICICI Life Sukh Samruddhi is a recently launched savings-oriented plan that offers the double benefits of growth potential and guaranteed benefits to the policyholders. In addition to this, the plan comes with a life coverage benefit during the policy tenure, and provides financial security to the family during unforeseen circumstances.

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15.8 Crore Registered Consumer

7.16 Crore Policies Sold

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₹1 Crore Life cover starting from ⁺

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Key Features of ICICI Life Sukh Samruddhi

Take a look at the key features of Sukh Samruddhi plan offered by ICICI Life Insurance Company , that makes it one of the best choices if you are looking to build a financially strong future:

ICICI Sukh Samruddhi allows the policyholder to customize their plan with the 2 plan option-
- Lump sum option, wherein at the time of maturity, the beneficiary will receive a lump sum amount.
- Income option, wherein at the time of maturity, the beneficiary will receive a lump sum on maturity along with the regular Guaranteed Income, once the premium payment term is completed.
Plan offers a higher maturity benefit to female customers
The plan allows you to build a financial corpus to fulfill your future financial goals such as a child's higher education, purchasing a dream house, or planning for retirement.
The plan offers revisionary bonuses on maturity and a chance to recieve terminal bonus as well
The plan provides ‘save the date’ and ‘savings wallet’ flexibilities for the customer’s convenience
You can receive tax benefits as per the prevailing tax laws under sections 80C and 10(10D) of the Income Tax Act.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Eligibility Criteria of ICICI Life Sukh Samruddhi

Parameters	Lumpsum variant		Income variant
Entry Age	0-60 years
Maturity Age	18-90 years		18-85 years
Policy Term	10-30 years		PPT + Income Term
Premium Payment Term	Limited Pay	Regular Pay	Limited Pay
	5, 6, 7, 8, 10, 12 years	For the whole term	5, 6, 7, 8, 10, 12 years
Income Term (Income Option Only)	For PPT = 5 years 10, 12, 13 years		For PPT = 6, 7, 8, 10, 12 years 5, 6, 7, 8, 10, 12, 13 years
Premium Payment Frequency	Monthly, half-yearly, annually

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Benefits of ICICI Life Sukh Samruddhi

ICICI Life Sukh Samruddhi offers a host of benefits to its policyholders. Take a look at the below-mentioned benefits of the plan:

Death Benefit

Under both options of this life insurance plan, if the policyholder dies during the policy tenure, then the nominee will receive the death benefit.

The death benefit payable will be the greater of:
- SA on Death + Interim Reversionary Bonus, if any + Accrued Reversionary Bonuses, if any + Terminal Bonus, if any;
or
- 105 percent of the full premiums paid till the date of death
Maturity Benefit

If the policyholder outlives the policy term, he/she is eligible to avail of maturity benefit provided all the premiums are paid.

Under the Lumpsum plan variant, the maturity benefit payable will be:

SA on maturity + terminal bonus, if any + accrued reversionary bonus, if any.

Under the Income plan variant, the Maturity Benefit payable will be:

Terminal bonus, if any + Accrued reversionary bonus, if any.
Guaranteed Income (GI)

With the Income plan variant, once the premium payment term is completed, the policyholder is eligible to receive Guaranteed Income at the end of every month or year till the end of the policy term. The guaranteed incoem will be paid only for the selected income Term chosen at the time of policy purchase.
Additional benefits

Under the Income Plan variant, a policyholder has the option to avail:
- “Save the Date” Benefit, through which, a policyholder has the benefit to receive Guaranteed Income on any one special date, like anniversaries or birthdays. The benefit is available only if the policyholder has chosen the annual payment mode of Income plan variant.
- “Savings Wallet” Benefit, through which you can accumulate your Guaranteed Income rather than taking them as payment. Also, you can withdraw partially or fully during the income term as per your needs under the Income option.
Tax Benefits

Get tax benefits on premiums paid and benefits received as per the prevailing tax laws.

Documents Required to Buy ICICI Life Sukh Samriddhi

Here is a list of all the documents required to buy the ICICI Life Sukh Samriddhi plan:

Recent photo
PAN Card
Passport/Aadhaar Card or Driving Liscence
Cancelled Cheque
Income Proof

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

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FAQ's

What are the plan options available in the ICICI Life Sukh Samriddhi Plan?
Ans. The plan options available in the ICICI Life sukh samriddhi plan are as follows:
- Income variant: This option provides Guaranteed income at the end of the premium payment term along with the lump sum on maturity as well as protection throughout the policy term.
- Lump sum varient: This option provides lump sum amount at the end of the maturity term along with life cover during the policy tenure.
What is the available mode of payment in the Guaranteed Income option?

Ans. Under the income option, the accrued revisionary bonuses as well as any terminal bonuses will be paid as maturity value. Under the lump sum option, the sum assured on maturity, accrued revisionsary bonuses, and terminal bonuses if any will be paid as maturity amount.
When will the Guaranteed Income start within the monthly and annually modes?

Ans. The guaranteed income payments will be made right after the end of the premium payment term as per the selected payout options of monthly or annually.
Can the premium payment frequency be changed during the policy term?

Ans. Yes, you can change the premium payement frequency at any time during the premium payment term as per your convenience and it will be effective on the next policy anniversary.
Can I avail Save the date benefit under the lumpsum plan variant?

Ans: No, the feature of “Save the Date” is available only under the annual mode of the Income plan option.
What is the premium payment frequency for ICICI Life Sukh Samruddhi?

Ans: Under the plan, one can choose to pay their premium Annually, Half-Yearly, or Monthly.
Q: Should I buy term insurance or life insurance?

Ans: Whether you should buy term insurance or life insurance depends on your individual needs. If you are looking to secure your loved ones at affordable premiums, then term life insurance might be the right option for you. Whereas, if you are looking to buy a plan that offers financial security for the family as well as wealth creation, then life insurance might be a better fit for you. However, you should always take a thorough look at the policy details for a better understanding of the benefits offered.

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar Insurance Brokers Private Limited does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

+On the basis of your profile

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+Rs. 577/month is starting price for a 1 crore term life insurance for an 18 year-old Male, self employed, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

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Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.

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