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ICICI Pru Savings Suraksha is a non-linked participating life insurance savings plan designed to combine long-term savings with life cover. It provides a Guaranteed Maturity Benefit (GMB) and Guaranteed Additions (GAs) when applicable policy conditions are met. During each of the first five policy years, Guaranteed Additions equal to 5% of the Guaranteed Maturity Benefit accrue when the due premium is paid. Vested reversionary bonuses and a terminal bonus may also be payable if declared. The final benefit depends on the selected policy option and the policy terms.
Build savings with guaranteed maturity benefits and additions, with potential bonuses if declared
Savings Suraksha may suit buyers who prefer a defined savings structure with life cover rather than direct exposure to market-linked funds. The plan offers Regular Pay and limited-premium-payment options, including Five Pay, Seven Pay, Ten Pay and Twelve Pay, subject to current product availability. The official product page lists a minimum annual premium of ₹30,000. Guaranteed Maturity Benefit is set at policy inception and depends on factors such as policy term, premium, premium payment term, sum assured and gender. Bonuses are not all guaranteed in advance: reversionary bonuses depend on declaration, and terminal bonuses may be payable if declared. Review the benefit illustration, surrender rules and total premiums payable before buying.
ICICI Prudential Life
Key Insights
Founded
2000
ICICI Prudential Life was established 26 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.3% CSR, calculated as a 3-year average
ICICI Prudential Life settles 99.3% of all claims it receives, demonstrating strong credibility.
Contact Details
1860-266-7766
Headquarters: Prulife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai, Maharashtra 400025, India.
A guaranteed lump sum is payable at maturity according to the policy schedule when the applicable conditions are met.
The amount is set at policy inception and depends on the selected policy parameters.
Guaranteed Additions equal to 5% of the Guaranteed Maturity Benefit accrue during each of the first five policy years when due premiums are paid.
Additions accrue subject to the policy conditions.
A death benefit is payable during the policy term according to the applicable policy provisions.
The payable amount depends on the policy terms and claim conditions.
Vested reversionary bonuses may be added if declared by the insurer. A terminal bonus may also be payable.
Future bonuses are not guaranteed in advance.
Eligible options include Regular Pay and limited-pay terms such as Five Pay, Seven Pay, Ten Pay and Twelve Pay.
Availability depends on the current product rules and selected policy option.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
ICICI Prudential Life plans and claim process
It is a non-linked participating life insurance savings plan that provides life cover, a Guaranteed Maturity Benefit and Guaranteed Additions, with possible bonuses if declared.
The official product page lists a minimum annual premium of ₹30,000. The exact premium depends on the selected policy option and personal details.
The Guaranteed Maturity Benefit and applicable Guaranteed Additions are defined under the policy terms. Additional bonuses depend on the insurer declaring them.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official ICICI Prudential Life website before purchasing.
Official Website
iciciprulife.com
Visit the official ICICI Prudential Life website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
Guaranteed Additions equal to 5% of the Guaranteed Maturity Benefit accrue during each of the first five policy years when the due premium is paid, subject to policy conditions.
Yes. It provides a death benefit during the policy term according to the issued policy provisions.
The plan lists Regular Pay and limited-pay options including Five Pay, Seven Pay, Ten Pay and Twelve Pay, subject to current availability and eligibility.
No. Reversionary bonuses depend on declaration, and a terminal bonus may be payable if declared. A bonus already vested is treated according to the policy provisions.
A policy loan may be available if the policy meets the applicable eligibility conditions. Check the current policy document for loan limits and interest terms.