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Overview
‘Save smartly with ICICI Pru Assured Savings to get guaranteed returns and life cover’.
There's no harm in saving some money for the future. ICICI Pru presents an ICICI Pru Assured Savings Insurance Plan, a plan that gives you guaranteed benefits on survival, maturity, or death. You'll even receive 9%, 10%, or 11% of guaranteed addition automatically added to your base cover annually.
Along with other benefits, the investment plan offers flexibility to choose the premium payment term (PPT) and policy term (PT) based on your needs. You can even surrender your policy at any time after paying a two-year premium and get a Special Surrender Value (SSV).
ICICI Pru Assured Savings is a versatile life insurance plan. Let's explore the plan in detail for more clarity and better understanding.
Key Benefits of ICICI Pru Assured Savings Plan
ICICI Pru Assured Savings Plan offers a range of benefits including:
- Guaranteed Benefits
- Tax Benefits
- Flexibility
- Special Surrender Value
- Loan Benefit
- Life Cover
How to Buy ICICI Pru Assured Savings Plan on PolicyX.com
- Visit the official website of PolicyX.com.
- Click on the ‘Investment’ tab.
- A new page will appear on the screen.
- Fill out the form at the top of the page with the necessary details.
- Select your income and city. Click on 'Proceed'.
- Update your education and occupation details.
- Choose your preferred plan and click on 'Buy this plan'.
- Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Benefits of ICICI Pru Assured Savings Plan
There are various benefits to buying the ICICI Pru Assured Savings Plan. Let’s explore them in detail:
- Death Benefits: On the policyholder's unfortunate death before the end of the policy term, the guaranteed death benefit amount will be paid out as a lump sum to the nominee.
- Guaranteed Additions: Your base cover would be increased by 9%, 10%, or 11% guaranteed additions annually to the basic sum assured amount.
- Surrender Benefit: Under this plan, policy surrender is typically allowed after a premium payment of two full years’ premium.
- Maturity Benefits: At the end of policy tenure, maturity benefits are paid to the policyholder. The maturity benefits are the total of the guaranteed sum assured, any additions or bonuses if declared.
Guaranteed Additions
Depending on the total premium paid, 9%, 10%, or 11% of guaranteed addition would be added annually to your base cover.
Guaranteed Maturity Benefit
Guaranteed maturity benefits will be payable in a lump sum at the end of the policy term.
Flexible Premium Payment
The plan allows you to choose premium payment terms and policy terms based on your requirements.
Life Cover
The plan offers life cover for the entire policy term.
How to Buy ICICI Pru Assured Savings Plan on ICICI Prudential Life Insurance Website
- Visit the official website of ICICI Prudential Life Insurance.
- Hover over the 'Investment Plans' from the top of the menu.
- Click on the 'ICICI Pru Assured Saving'.
- Click on ‘Buy Now’ and you will be redirected to a new page.
- Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
- Once discussed, you can make the premium payment and get the policy documents.
Exclusions
- Suicide within 12 months of the policy purchase is not covered.
- Consumption of any intoxicants.
- Death due to any aviation accident.
- Death due to any adventurous sports.
Documents Required to Buy ICICI Pru Assured Savings Plan
Here is the list of documents required to buy the ICICI Pru Assured Savings Plan:
- Photo ID Proof: Passport, Aadhaar card, PAN card, Driving license.
- Age Proof: Passport, Aadhaar card, PAN card, Driving license.
- Address Proof: Utility bill, passport, voter ID, ration card.
- Medical Records: Medical records of the policyholder if requested.
- Income Proof: Bank statement, last three months' salary slips (if you are salaried).
Plan At a Glance
| Key Benefits | Limitations |
|---|---|
| Guaranteed Maturity Benefit | No Plan Options |
| Flexible Policy Term | No High Sum Assured Rebate |
| Guaranteed Death Benefit | No Auto Cover Continuance |
| Guaranteed Additions | No Additional Riders |
| Surrender Benefit | NA |
Conclusion
ICICI Pru Assured Savings Insurance plan offers guaranteed returns and assured life cover. In this plan, you'll get guaranteed benefits on survival, maturity, or death.
For more information related to this plan, you can visit PolicyX.com, or call us at 1800 - 420 - 0269. Our insurance experts listen to your unique needs and suggest the best possible solution for you.
