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Icici Pru Assured Savings Insurance Plan vs Lic New Money Back

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Icici Pru Assured Savings Insurance Plan vs Lic New Money Back

Icici Pru Assured Savings Insurance Plan

‘Save smartly with ICICI Pru Assured Savings get guaranteed returns and life cover’. There's no harm in saving some money for the future. Keep in mind that ICICI Pru presents an ICICI Pru Assured Savings Insurance Plan, a plan that gives you guaranteed benefits on survival, maturity, or ...

Lic New Money Back

The LIC New Money Back Plan 20 Years (Plan No: 920)was floated on January 6, 2014 to cater to the financial needs of the business and the salaried class of Indians. This is a fixed-period non-linked participating plan which protects the policy holder against death besides disbursing a periodic payou...

PLAN DETAILS

Icici Pru Assured Savings Insurance Plan


Lic New Money Back

Premium Including GST
Key Features
(Key features of the plan)
  • 9% to 11% Guaranteed Additions
  • Guaranteed maturity benefits
  • Special Surrender Value (SSV)
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Uniqueness
  • Flexible premium payment
  • Survival benefits
  • Maturity benefits
  • Death Benefits
  • Survival Benefits
  • Maturity Benefits
Plan Maturity age Maximum maturity age - 72 years Maximum Maturity Age - 70 years
Premium payment term 5/7/8/10/12 years 15 years
Plan Entry Age Minimum age - 0 years Maximum age - 60 years Minimum Age - 13 years Maximum Age - 50 years
Sum assured Minimum sum assured - 84,000 Maximum sum assured - 4 Lakhs Rs 1 lakh to No limit
Premium payment frequency Annual / Half-yearly / Monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 10 to 20 years 20 years
Claim Settlement Ratio (2024-25) Minimum Age - 5 year 98.5%
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Know More About Plans

‘Save smartly with ICICI Pru Assured Savings get guaranteed returns and life cover’.

There's no harm in saving some money for the future. Keep in mind that 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 savings plan life insurance plan. We will read the plan in detail in the section below for more clarity and better understanding.

ICICI Pru Assured Savings Plan offers you a range of benefits including:

why-choose
  • Guaranteed Benefits
  • Tax Benefits
  • Flexibility
  • Special surrender value
  • Loan benefit
  • Life cover 

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