ICICI Pru 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.Read more
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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:
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.
|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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ICICI Pru Sukh Samruddhi offers a host of benefits to its policyholders. Take a look at the below-mentioned benefits of the plan:
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;
105 percent of the full premiums paid till the date of death
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.
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.
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.
Get tax benefits on premiums paid and benefits received as per the prevailing tax laws.
Here is a list of all the documents required to buy the ICICI Pru Sukh Samriddhi plan:
Passport/Aadhaar Card or Driving Liscence
Ans. The plan options available in the ICICI Pru sukh samriddhi plan are as follows:
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