ICICI Pru Guaranteed Savings Insurance

Features and benefits of Guaranteed Savings Insurance Plan

Limited pay: You have a choice of paying premiums for either 7 or 10 years, while enjoying a long term savings benefit under the plan.
Guaranteed benefits: Receive guaranteed benefit at the end of the policy term in form of Guaranteed Maturity Benefit (GMB):
• In the beginning, the GMB would be equal to sum of all premiums payable under the plan
• This GMB would increase every year by guaranteed Regular Additions (RAs), to increase your savings payable at maturity of plan. The Regular Addition expressed as a percentage of the SA, will be declared at the beginning of every policy year.
Additional maturity benefit: Receive additional amount in form of Maturity Addition (MA) at the end of the policy term
Death Benefit: Receive a Guaranteed Death Benefit (GDB) equal to the sum of all premiums paid till date compounded at the rate of 5 percent per annum.
Easy to purchase: Easy and hassle free application process with no medical underwriting.
Tax benefits: Tax benefits on the premium paid and benefits received under the policy, as per the prevailing Income Tax laws.

Terms –

Minimum/ Maximum age at entry	0 / 60 years
Minimum/ Maximum maturity age	18 / 75 years
Premium payment term	7 years	10 years
Policy term	15 years	20 years
Minimum Annual Premium (Rs.)	18,000	12,000

Select your premium paying term – 7 years or 10 years .
Choose your premium or sum assured.
At the maturity of the policy, you will get
Sum Assured: Annual Premium X premium paying term.
Premium paying mode: Yearly/Half Yearly/ Monthly
Grace Period: 15 days for monthly mode,30 days for yearly and half yearly mode.

Sum assured and regular additions which will be declared at the beginning of each year and Lumsum Maturity addition.

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