Icici Pru Cash Advantage vs Sbi Smart Bachat Life Insurance Plan 2026 | PolicyX
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ICICI Pru Cash Advantage is a non-linked individual life insurance savings plan that offers comprehensive benefits of savings and protection. This plan provides a guaranteed monthly income for 10 years and an additional cash bonus for each policy year (if declared).

You can also avail a policy loan against ICICI Pru Cash Advantage for up to 80% of your surrender value. It is an ideal savings plan for individuals seeking a payout term immediately after the premium payment term.

ICICI Pru Cash Advantage is a diverse life insurance plan. Let's explore its benefits in detail:

  • Guaranteed Monthly Cash Payout
  • Tax Benefits
  • Flexibility
  • Life Cover
  • Flexible Premium Payment Term (PPT)
  • Loan Benefits
PLAN DETAILS

Icici Pru Cash Advantage

Sbi Smart Bachat
Premium Including GST
Key Features
(Key features of the plan)
  • Guaranteed Cash Benefit
  • Life Cover
  • Policy Loan
  • Know All About SBI Life Smart Bachat
  • Explore the Key Features and Benefits
  • Understand the Exclusions
Plan Maturity age Maximum Maturity Age - 75 years Maximum Maturity Age: 65 years
Plan Sum Assured 5/10 Years 7/10/15 years
Plan Entry Age Minimum Age - 30 Days, Maximum Age - 60 Years Minimum Age: 3 years, Maximum Age: 50 years
Plan Payment modes Minimum - 7 times / Maximum - 10 times the available SA Rs 2 lakh to No limit
Plan Policy loan Annual / Half-yearly / Monthly Annual, half-yearly, quarterly and monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy Term 15 to 20 years Minimum term: 15 years, Maximum term: 30 years
Claim Settlement Ratio (2024-25) Minimum Age - 5 year Minimum Age - 5 year

* The above sample premiums are for a 30-year-old male, nonsmoker with a sum assured of Rs 50 lakhs and a policy tenure of 25 years. You can calculate the premiums for the above life insurance plans using the PolicyX Life Insurance Calculator.

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Benefits of ICICI Pru Cash Advantage

There are various benefits to buying the ICICI Pru Cash Advantage Plan. Let’s understand each of them in detail:

  • Death Benefit: In case of the unfortunate demise of the life assured during the policy term, a death benefit will be paid to the nominee.
  • Maturity Benefit: Upon the life assured’s survival till the end of the policy term, ICICI Pru Cash Advantage will provide a Guaranteed Maturity Benefit plus vested reversionary bonuses (if any) and a terminal bonus (if any). The plan also offers the flexibility to choose to receive the annual income under guaranteed, lifelong, and long-term income options.
  • Tax Benefits: This plan offers tax benefits under different sections, which can go up to INR 2.5 Lakh under Section 10(10)D.

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Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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