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Icici Prudential Savings Suraksha vs Retire Smart

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Icici Prudential Savings Suraksha vs Retire Smart

Icici Prudential Savings Suraksha

‘ A combination of savings and protection plan’. ICICI Pru Savings Suraksha is a financial plan that helps you save for future financial goals and provides a financial net to safeguard your loved ones in your absence. It is an ideal choice if you want to collect a lump sum to fulfill you...

Retire Smart

SBI Life Retire Smart Plan is a unit-linked non-participating pension plan that guarantees 101% of all premiums paid by the policyholder on maturity and also protects your funds from market volatility. Along with the life insurance cover, multiple fund options such as equity Pension Fund, Bond Pensi...

PLAN DETAILS

Icici Prudential Savings Suraksha


Retire Smart

Premium Including GST
Key Features
(Key features of the plan)
  • Guaranteed additions
  • Multiple premium options
  • Additional bonuses
  • Protection After Retirement For Better Tomorrow
  • The Plan Offers Guaranteed Additions Available
  • Get The Tax Benefit On Premium Paid
Plan Uniqueness
  • Guaranteed additions
  • Multiple premium options
  • Additional bonuses
  • Guaranteed Benefits
  • Terminal Benefits
  • Advantage Option
Plan Maturity age Maximum Maturity Age: 70 years Maximum Maturity Age - 80 years
Premium payment term Limited Pay (5,7,10,12) and Regular Pay 5/8/10/15 years
Plan Entry Age Minimum age- 0 Maximum age- 60 years Minimum Age - 30 years Maximum Age - 70 years
Sum assured 7 to 10 times the annual premium Rs 1 lakh to No limit
Premium payment frequency Monthly, Half-yearly, and Yearly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 10 to 30 years 10, 15, 30 years
Claim Settlement Ratio (2023-24) Minimum Age - 5 year Minimum Age- 30 year
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Know More About Plans

‘ A combination of savings and protection plan’.

ICICI Pru Savings Suraksha is a financial plan that helps you save for future financial goals and provides a financial net to safeguard your loved ones in your absence. It is an ideal choice if you want to collect a lump sum to fulfill your financial goals and protect your family members even in your absence.

This plan offers you numerous benefits including guaranteed additions, terminal and revisionary bonuses if declared, death benefits, surrender benefits, maturity benefits on survival, etc. This investment plan offers you two options to pay premiums- limited pay (5,7,10 or 12 years) and regular pay (for 10 to 30 years). You can also get a loan on your policy if you have paid regular premiums for a minimum of two years. The sum assured paid on the uncertain demise of the policyholder usually ranges from 7 to 10 times the annual premiums paid.

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

why-choose
  • Guaranteed Benefits
  • Tax Benefits
  • Flexibility
  • Multiple payment options
  • Policy revival 
  • Surrender value 

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