Assured Savings Insurance Plan

ICICI Pru Assured Savings Insurance Plan is a non-linked non-participating plan which gives you guaranteed savings benefits to meet your non-negotiable goals. It also provides you with life insurance cover to take care of your family in case of your unfortunate demise.

SPECIMEN POLICY DOCUMENTS

details

Modes of Premium Payment Single Premium Payment Term 7 years Policy Term 10 / 12 years Minimum annual premium Rs. 18,000 Min age at entry 8 years (for policy term 10 years) 6 years (for policy term 12 years) Max age at entry 60 years Min age at maturity 18 years Max age at maturity 72 years Sum Assured 10 times of annual premium Premium payment mode Annual / Half-yearly / Monthly

UIN of the ICICI Pru Assured Savings Insurance Plan: 105N144V01

Modes of Premium Payment Annual, Half yearly, Monthly Premium Payment Term 10 years Policy Term 12 years Minimum annual premium Rs. 12,000 Min age at entry 6 years Max age at entry 60 years Min age at maturity 18 years Max age at maturity 72 years Sum Assured 10 times of annual premium Premium payment mode Annual / Half-yearly / Monthly

Rs. 2,00,000 p.a. for Yearly and Half-yearly premium payment mode
Rs. 3,00,000 p.a. for Monthly premium payment mode

Modes of Premium Payment Yearly, Half-yearly and Monthly Premium Payment Term Same as policy term Policy Term

Age at entry	Policy Term
0 years to 43 years	10 years to 30 years
44 years to 55 years	10 years to 20 years
56 years and above	10 years

Sum Assured

Age at entry	Minimum Sum Assured	Maximum Sum Assured
0 to 44 years	Higher of (10 X Annual Premium) and (0.5 X Policy Term X Annual Premium)	As per maximum Sum Assured multiples*
45 years and above	Higher of (7 X Annual Premium) and (0.25 X Policy term X Annual Premium)	As per maximum Sum Assured multiples*

*Maximum Sum Assured multiple depends on age. For example for age 18 maximum multiple is 40, for age 69 maximum multiple is 7.

Min age at entry 0 years Max age at entry 69 years Min age at maturity 18 years Max age at maturity 79 years

Tax Benefits
Premium and any benefit amount received under this policy will be eligible for tax benefit as per the prevailing Income Tax laws.

Key Benefits of ICICI Pru Assured Savings Insurance Plan

Guaranteed Additions: 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): A guaranteed lump sum payable at the end of the policy term.
Flexibility: Choose premium payment term and policy term as per your need.
Protection: Get life cover for the entire policy term.
Tax benefits: Tax benefits apply to premiums paid and benefits received as per the prevailing tax laws.

Maturity Benefit:

all due premiums

Maturity Benefit = Accrued Guaranteed Additions + Guaranteed Maturity Benefit (GMB)

Guaranteed Additions (GA):

all due premiums

Term	Guaranteed Addition rate
10 years	9%
12 years	10%

Death Benefit is equal to A or B or C, whichever is highest.

Where,
A = Sum Assured plus accrued Guaranteed Additions
B = GMB plus accrued Guaranteed Additions
C = Minimum Death Benefit

Minimum Death Benefit is equal to 105% of sum of premiums paid till date (excluding extra mortality premiums, service tax and cesses, if any) or 10 times the annual base premium or the chosen Sum Assured (which in this case is 10 times the annual base premium) whichever is highest.