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Assured Savings Insurance Plan

Saving is always a good habit as it gives us a sense of security. It provides us the means to meet emergencies in the future and at the same time, fulfil our critical long term goals like looking after our children’s education, their marriage or being able to live comfortably after retirement. Read More

Keeping this in mind, we present ICICI Pru Assured Savings Insurance Plan, a plan which gives you guaranteed savings benefits2 to meet your non-negotiable goals. It also provides you life insurance cover to take care of your family in case of your unfortunate demise. 23T&C ApplyRead Less

FEATURES

No-cost-EMI

Guaranteed Additions3: Every year, either 9% or 10% of total premiums paid will be added to your policy depending on your policy term. 23T&C Apply

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Guaranteed Maturity Benefit4 (GMB): A guaranteed lump sum is payable at the end of the policy term 4T&C Apply

flexible-tenure-clock

Flexibility: Choose premium payment term and policy term as per your need

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Protection: Get life cover0 for the entire policy term

No-cost-EMI

Tax1 benefits: Tax benefits on premiums paid and benefits received as per the prevailing tax laws

PLAN OPTIONS/VARIANTS

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    Maturity benefit

    • On survival of the life assured till the end of the policy term, provided all due premiums have been paid, the following amount will be payable: Maturity Benefit = Accrued Guaranteed Additions + Guaranteed Maturity Benefit
    • Guaranteed Additions2: Added if all due premiums have been paid. Each Guaranteed Addition is equal to Guaranteed Addition rate, multiplied with the sum of premiums paid2 till date. Guaranteed Addition rate is 9% or 10% depending on your policy term.
    • Guaranteed Maturity Benefit3: Your GMB will be set at policy inception and will depend on policy term, premium, premium payment term, age and gender.

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    Death benefit

    1. On death of the life assured during the policy term, for a premium paying or fully paid policy , the following will be payable: 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 Sum Assured on death is equal to 10 times annual premium.


    2. Minimum Death Benefit is equal to 105% of sum of premiums paid till date (excluding extra mortality premiums, Goods & Services Tax1 and Cess (if any))

ELIGIBILITY

Eligibility

  • Click on Know More for Eligibility

Know More

Documentation

  • Annual Income proof
  • Medical Reports (if required)
  • Photo ID proof

Bajaj Allianz life guaranteed pension goal

FREQUENTLY ASKED QUESTIONS

1. What is total maturity benefit offered under this plan?

Total Maturity Benefit = Guaranteed Maturity Benefit (GMB)4 + Accrued Guaranteed Additions (GA)3. It is offered when life assured survives the policy term and all due premiums are paid.

2. What is guaranteed maturity benefit offered under this plan?

Guaranteed Maturity Benefit (GMB) depends on policy term, premium, premium payment term, age & gender and is decided at the time of policy purchase.

3. What are guaranteed additions?

Guaranteed Additions (GAs) is equal to Guaranteed Addition rate multiplied with the sum of premiums paid till date. It is added to the policy at the end of every policy year provided all due premiums are paid. GA rates depends on policy term. For more details please refer to the brochure.

4. Does this plan offer Death Benefits?

Yes, on death of the life assured during the policy term, for a premium paying or fully paid policy, the following will be payable: 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

Sum Assured on death is equal to 10 times of annual premium. Minimum Death Benefit is equal to 105% of sum of premiums paid till date (excluding extra mortality premiums, Goods & Services Tax1 and Cess (if any)).

5. What happens to policy if one discontinues to pay premium?

If one discontinues premium payment after policy has acquired a surrender value, policy will continue as a ‘paid-up’ policy with reduced benefits. If one discontinues premium payment before policy has acquired a surrender value, policy will lapse and no benefits will be paid. For more details, please refer product brochure

More FAQs

Disclaimer

0Life cover is the benefit payable on death of life assured

1Tax benefits under the policy are subject to conditions under Section 80C, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods & Services Tax & Cesses (if any) will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time.

2Guaranteed benefits are payable subject to all due premiums being paid and the policy being in force on the date of maturity.

3Guaranteed Additions (GAs) rate will be 9% for policy term of 10 years and 10% for policy term of 15 years. GAs will be added to the policy at the end of every policy year if all due premiums have been paid. Each GA will be calculated as GA rate multiplied by the total premiums paid till date (excluding extra mortality premiums, Goods & Services Tax1 and Cess (if any)).

4Guaranteed Maturity Benefit (GMB) will be set at policy inception and will depend on policy term, premium, premium payment term, age and gender.Read More

IDFC FIRST Bank Limited having its registered office at KRM Tower, 8th Floor, No. 1, Harrington Road, Chetpet, Chennai – 600031, is authorized by the Insurance Regulatory and Development Authority of India to act as a Corporate Agent of ICICI Prudential Life Insurance Company Ltd for procuring or soliciting life insurance business under license number CA0106. The purchase of Insurance products by IDFC FIRST Bank’s customers is purely on voluntary and not linked to availing of any other services from the bank. Contact number: 18004194332.

ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. Regn. No. 105. CIN: L66010MH2000PLC127837.Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600. Customer helpline number - 1860 266 7766. Timings – 10:00 A.M. to 7:00 P.M., Monday to Saturday (except national holidays). Member of the Life Insurance Council. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. . ICICI Pru Assured Savings Insurance Plan. A Non Linked Non Participating Life Individual Savings Product. UIN: 105N144V08, ADVT No.: W/II/3894/2021-22. To know more, please visit www.iciciprulife.com.

BEWARE OF SPURIOUS /FRAUD PHONE CALLS!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

IRDAI CAUTIONS PUBLIC AGAINST SPURIOUS CALLS AND FICTITIOUS OFFERS

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