ICICI Pru Sukh Samruddhi

Key Features of ICICI Pru Sukh Samruddhi

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

1. 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.

2. Plan offers a higher maturity benefit to female customers

3. 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.

Eligibility Criteria of ICICI Pru Sukh Samruddhi

Benefits of ICICI Pru Sukh Samruddhi

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

1. Death Benefit

   Under 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

2. 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.

3. 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.

4. 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 Incomer term as per your needs.

5. Tax Benefits

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

Sample Premium Illustration of ICICI Pru Sukh Samruddhi

Mr. Rohit, a 36-year-old, desires to start saving for his daughter’s wedding and hence decided to save Rs 50K a year for the next 10 years in ICICI Sukh Samruddhi- Income plan variant.

Let’s check out how much Mr. Rohit will receive at the time of maturity:

After completing his policy term, Mr. Rohit will receive a lumpsum amount along with the bonus, which he can use for his daughter’s wedding.

FAQ's