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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