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This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life.

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Presentation on theme: "This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life."— Presentation transcript:

1 This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large. ICICI Pru Savings Suraksha

2 This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large. What does Savings Suraksha offer? Savings with comfort of guarantee Guaranteed Maturity Benefit (GMB) Guaranteed Additions @5% of GMB p.a. for 5 years Reversionary bonuses and terminal bonus to boost maturity corpus Protection Life cover for the term of the policy Flexibility Choice of PPT : 5/7/10/12 and regular pay Choice of policy term and premium frequency

3 This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large. How does the plan work? Guaranteed Maturity Benefit + Premiums + Accumulated Guaranteed Additions Vested reversionary bonuses + Terminal bonus Life cover for the policy term Premium payment term

4 This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large. How does the plan work? Features Step 1: Choose PPT, premium, Sum Assured, premium payment mode and policy term Step 2: GMB calculated basis above factors as well as age and gender Maturity Benefit Death benefit Guaranteed Additions Bonuses

5 This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large. Boundary conditions Premium payment optionLimited PayRegular Pay Premium payment term (years)571012Policy term Policy term ( years)10 to 3012 to 3015 to 3017 to 3010 to 30 Minimum annual premium (Rs.)30,00018,00012,000 Min / Max age at entry0 / 60 years Min / Max age at maturity18 / 70 years Sum Assured on death Premium paying mode Annual / Half-yearly / Monthly Age at entry (years) Sum Assured <4510 times annual premium 45 to 54 10 times annual premium or 7 times annual premium >547 times annual premium

6 This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large. Thank You

7 This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large. Death Benefit Death Benefit = Highest of, Sum Assured + Accrued Guaranteed Additions +Bonuses* GMB + Accrued Guaranteed Additions + Bonuses* Minimum Death Benefit** *Bonuses consist of vested reversionary bonuses, interim bonus and terminal bonus, if any. **Minimum Death Benefit is equal to 105% of sum of premiums paid till date (excluding extra mortality premiums, service tax and cesses, if any).

8 This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large. Guaranteed Additions Guaranteed Additions (GAs) accrue on payment of each due premium, during the first 5 policy years. Each GA is a percentage of the Guaranteed Maturity Benefit (GMB) as per the table below. Premium payment mode Guaranteed Addition (As a % of GMB) Total GA on full year’s premium payment Annual5% 5% of GMB p.a. Half-yearly5% / 2 Monthly5% / 12

9 This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large. Maturity Benefit Maturity Benefit = GMB + Guaranteed Additions + Vested reversionary bonuses, if any + Terminal bonus, if any

10 This material is strictly meant for circulation within the organization/ solely for training and/or education of the employees of ICICI Prudential Life Insurance Co. Ltd. or its advisors, corporate agents or brokers and should not be further circulated or used for presentation to a prospect or general public at large. Bonuses Reversionary bonus Declared for premium paying / fully paid policies from yr 1 onwards Compound interest basis on the GMB Payable at death/maturity Terminal bonus Applicable for premium paying / fully paid policies Applicable only on death or maturity


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