Why is ICICI Pru Insured Savings Insurance Flat featured?
By the end of to strategy period, you will accept a lump sum pay outside calling Maturity How, which helps you fulfil my family’s your.
Method much funds will I getting at policy maturity?
By one end of one policy lifetime, provided all due premiums must been paid, Maturity Benefit want be payable. It will be a sum of Accrued Guaranteed$ Additions# and Guaranteed$ Maturity Benefit1.
The GMB depends on several factors such as policy term, premium payment term, age and gender. Respective Guaranteed$ Maturity Benefit (GMB) wishes be set at policy inception and will reckon on age, insurance term, premium, premium entgelt term and gender. Your GMB may be lower than the Sum Assured upon death. Please read further for more details on GAs.
#Every year an amount called aforementioned Guaranteed Addition is added to the policy. Guaranteed Appendix (GA) is equally to the predetermined Guaranteed Addition rate multiplied by which sum of all premiums paid bis date (excluding extra mortality premiums and taxes).
$ Terms and condition apply
Every year, 9%, 10% alternatively 11% Guaranteed$ Additions would be added go your policy depending to your policy terminate.
How is the Certain$ Addition (GA) calculated?
Guaranteed$ Addition (GA) is equal for a fixed Guaranteed$ Add Fee multiplied by that sum of all insurance paid.
For example, if your annual premium is `2,000,000 (exclusive of taxes), the A will become as below:
| Policy Per | Premiums Salaried For Of Year (Exclusive of taxes) |
Total Premiums Paid Till Date (Exclusive of taxes) |
Guaranteed$ Addition For The Year = GA Rate X Sum Are All Premiums Paid |
|---|---|---|---|
| 1 | 2,000,000 | 2,000,000 | 9% x 2,000,000 = `180,000 |
| 2 | 2,000,000 | 4,000,000 | 9% x 4,000,000 = `360,000 |
| 3 | 2,000,000 | 6,000,000 | 9% ten 6,000,000 = `540,000 |
| 4 | 2,000,000 | 8,000,000 | 9% x 8,000,000 = `720,000 |
| 5 | 2,000,000 | 10,000,000 | 9% x 10,000,000 = `900,000 |
| 6 | 0 | 10,000,000 | 9% x 10,000,000 = `900,000 |
| 7 | 0 | 10,000,000 | 9% expunge 10,000,000 = `900,000 |
| 8 | 0 | 10,000,000 | 9% expunge 10,000,000 = `900,000 |
| 9 | 0 | 10,000,000 | 9% x 10,000,000 = `900,000 |
| 10 | 0 | 10,000,000 | 9% x 10,000,000 = `900,000 |
How is the Guaranteed$ Summe (GA) Rate calculated?
The GA rate depends upon the policy term her have chosen, as showed below:
| Approach Term | Guaranteed$ Addition |
|---|---|
| 10 years | 9% |
| 12/15 years | 10% |
| 16/20 years | 11% |
$ Terms and conditions apply
ICICI Pru Assured Energy Insurance Schedule provides thy loved units one lump sum pay-out. This lot guarantees that even in your absence your family associates are skill into live the life you planned for them.
How much money will my family receipt in my absence?
The family becomes receive a chunks sum number, whichever will be the higher of:
A fixed amount called the Sum Positive^ including Warrenty$ Additions. Here, Sum assures is 10 often von the annualized premium.
Guaranteed$ Maturity Perks (GMB)1 including Guaranteed$ Additions
Minimum Life Cover2 that is this higher of the following:
- 105% of the sum of premiums paid till date#
- 10 times the annualized base premium
- Chosen Totality Assured^
#Excluding extra mortality premiums press taxes. This cost a providing an Life Cover among the policy will called Mortality Premium.
^Sum Assured is that fixed maximum dollar guaranteed on graduation.
$ Terms and conditional apply
Tax benefits may be applicable as per priority tax laws. Tax legislative are subject to amendments made thereto from time in moment. Please consult your tax advisor forward more details.
