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WEALTH CREATION
FOR ALL LIFE GOALS

ASSURED
PROTECT YOUR LOVED ONES

AND SECURE YOUR DREAMS
PROTECTION
FOR FAMILY
ASSURED
ICICI Pru Assured Savings Insurance Plan – A traditional non-participating non linked
endowment life insurance plan.
Saving is always a good habit as it gives us a sense of security. It provides us the means to meet
emergencies in the future and to fulfil our critical long term goals like looking after our children’s
education, our children’s marriage or being able to live comfortably after retirement.
Keeping this in mind, we present ICICI Pru Assured Savings Insurance Plan, a plan which gives
you guaranteed savings benefits to meet your non-negotiable goals. It also provides you life
insurance cover to take care of your family in case of your unfortunate demise.
Key Benefits
ICICI Pru Assured Savings Insurance Plan provides you:
Guaranteed Additions: Every year 9% or 10% of total premiums paid

will be added to your policy benefits depending on your policy term
Guaranteed Maturity Benefit (GMB): A guaranteed lump sum

payable at the end of the policy term
Flexibility: Choose either Monthly, Half-Yearly or Yearly premium

payment mode
Protection: Get life cover for the entire policy term
Tax benefits: Tax benefits apply to premiums paid and benefits

received as per prevailing tax laws T&C2
ICICI PRU Assured Savings Insurance Plan, At A Glance
Premium payment term (years) 5 7

Policy Term (years) 10 15 15
Minimum Annual Premium (`) 30,000 50,000 50,000
Minimum / Maximum Age at Entry (years) 8 / 60 3 / 57 3 / 57
Minimum / Maximum age at Maturity (years) 18 / 70 18 / 72 18 / 72
Premium paying mode Annual / Half-yearly / Monthly
Benefits in detail
Maturity benefit
On survival of the life assured till the end of the policy term provided all
due premiums have been paid, the following will be payable:
Maturity Benefit =
Accrued Guaranteed Additions + Guaranteed Maturity Benefit (GMB)
Guaranteed Additions
Guaranteed Additions (GAs) will be added to the policy at the end of every
policy year if all due premiums have been paid. Each Guaranteed Additions
is equal to Guaranteed Addition rate multiplied with the sum of premiums
paid till the date (excluding extra mortality premiums, Goods & Services
Tax and Cess (if any)). GA rates depends on policy term as below:
Term Guaranteed Addition Rate

10 years 9%
15 years 10%
Calculation of Guaranteed Additions

Example: For a policy term of 10 years, the GA rate is 9% p.a. If your Annual Premium is ` 50,000,
Guaranteed Additions will be as below:
Policy Premiums paid Total premiums Guaranteed Addition

year for the Year (`) paid till date (`) for the year
1 50,000 50,000 9% x ` 50,000 = 4,500
2 50,000 1,00,000 9% x ` 1,00,000 = 9,000
3 50,000 1,50,000 9% x ` 1,50,000 = 13,500
4 50,000 2,00,000 9% x ` 2,00,000 = 18,000
5 50,000 2,50,000 9% x ` 2,50,000 = 22,500
6 0 2,50,000 9% x ` 2,50,000 = 22,500
7 0 2,50,000 9% x ` 2,50,000 = 22,500
8 0 2,50,000 9% x ` 2,50,000 = 22,500
9 0 2,50,000 9% x ` 2,50,000 = 22,500
10 0 2,50,000 9% x ` 2,50,000 = 22,500
Total Guaranteed Additions ` 1,80,000
Guaranteed Maturity benefit
Your GMB will be set at policy inception and will depend on policy term,
premium, premium payment term, age and gender.
Death benefit
On death of the life assured during the policy term, for a premium paying or fully paid policy, the
following will be payable:
Death Benefit is equal to A or B or C, whichever is highest
Where,
A= Sum Assured plus accrued Guaranteed Additions
B= GMB plus accrued Guaranteed Additions
C= Minimum Death Benefit
Sum Assured on death is equal to 10 times of annual premium.
Minimum Death Benefit is equal to 105% of sum of premiums paid till date (excluding extra
mortality premiums, Goods & Services Tax and Cess (if any)).
Illustration for ICICI Pru Assured Savings Insurance Plan
Age at entry: 30 years

YOU PAY Premium paying mode: Yearly
Premium paying term: 5 years ` 50,000 p.a. Sum Assured: ` 5,00,000
Policy term: 10 years
YOU GET
Benefit summary
Guaranteed Additions ` 1,80,000
Guaranteed Maturity Benefit ` 1,89,387
Maturity Benefit: Total amount payable at maturity ` 3,69,387
The above illustration is for a healthy male life assured and assumes all due premiums until maturity are paid.
What happens if you discontinue your premiums?
If you discontinue premium payment before your policy has acquired a surrender value, your
policy will lapse and no benefits will be paid.
Your policy will acquire a Surrender Value after payment of 2 full years’ premiums.
You can surrender your policy after it has acquired surrender value and your surrender value will
be equal to the higher of the following:
- Guaranteed Surrender Value (GSV) plus surrender value of accrued Guaranteed Additions
- Special Surrender Value (SSV)
GSV will be calculated as follows:

GSV = GSV Factor x total premiums paid date (excluding extra mortality premiums, Goods &
Services Tax and Cess (if any)
Surrender value of accrued Guaranteed Additions will be calculated as follows:

(accrued Guaranteed Additions) x (Guaranteed Surrender Value factor for GAs)
Special Surrender Value

SSV will be calculated as follows:
SSV = (Paid-up GMB + accrued GAs) x Non-Guaranteed Surrender Value factor
If premium payment is discontinued after your policy has acquired a surrender value, your policy
will continue as a ‘paid-up’ policy with reduced benefits. For more details on paid-up policies,
please refer to the brochure.
For GSV factors, GSV factor for GAs, Non-Guaranteed Surrender Value factors, please go through
the Policy document.
On payment of Surrender Value the policy will terminate and all rights, benefits and interests
under the policy will stand extinguished.
If you have discontinued paying premiums, you can revive the policy within five years from the
due date of the first unpaid premium and before the termination date of the policy, subject to
policy terms and conditions.
Terms & Conditions
1. Loans: After the policy acquires a surrender value you can take a policy loan. Loan amount of up to 80% of the Surrender
Value can be availed.
2. Tax benefits: Tax benefits under the policy will be as per the prevailing Income Tax laws. We recommend that you seek
professional advice for applicability of tax benefit on premiums paid and benefits received. Goods & Services Tax and Cess (if
any) will be charged extra as per prevailing rates. The tax laws are subject to amendments from time to time.
3. Premium, premium payment term and policy term chosen at inception of policy cannot be changed.
4. For further details on product features such as surrender, revival and policy loan etc., please refer to the sales
brochure and the benefit illustration.
5. Section 41: In accordance with Section 41 of the Insurance Act, 1938, as amended from time to time no person shall allow
or offer to allow, either directly or indirectly, as an inducement to any person to take or renew or continue an insurance in
respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or
any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept
any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer.
Any person making default in complying with the provisions of this section shall be punishable with fine which may extend
to ten lakh rupees.
For more details, please contact:
ICICI Prudential Life Insurance Company Limited. IRDAI Regn. No. 105. CIN: L66010MH2000PLC127837.
ICICI Prudential Life Insurance Company Limited. Registered Address: ICICI PruLife Towers, 1089 Appasaheb Marathe
Marg, Prabhadevi, Mumbai-400025. IRDAI Regn No. 105. CIN:L66010MH2000PLC127837. For more details on the risk
factors, term & conditions please read sales brochure carefully before concluding the sale. Trade Logo displayed above
belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under
license. Call us on 1-860-266-7766 (10am-7pm, Monday to Saturday, except national holidays and valid only for calls
made from India). ICICI Pru Assured Savings Insurance Plan UIN: 105N144V06. Advt No.: L/II/1562/2020-21.
BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums.
Public receiving such phone calls are requested to lodge a police complaint.

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WEALTH CREATION

FOR ALL LIFE GOALS

PROTECT YOUR LOVED ONES

ICICI Pru Assured Savings Insurance Plan provides you:

Guaranteed Additions: Every year 9% or 10% of total premiums paid

Guaranteed Maturity Benefit (GMB): A guaranteed lump sum

Flexibility: Choose either Monthly, Half-Yearly or Yearly premium

Protection: Get life cover for the entire policy term

Tax benefits: Tax benefits apply to premiums paid and benefits

ICICI PRU Assured Savings Insurance Plan, At A Glance

Premium payment term (years) 5 7

Term Guaranteed Addition Rate

Calculation of Guaranteed Additions

Policy Premiums paid Total premiums Guaranteed Addition

Death Benefit is equal to A or B or C, whichever is highest

Illustration for ICICI Pru Assured Savings Insurance Plan

Age at entry: 30 years

GSV will be calculated as follows:

Surrender value of accrued Guaranteed Additions will be calculated as follows:

Special Surrender Value

Terms & Conditions

For more details, please contact:

BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

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