Everything You Need to Know About ICICI Pru Saving Suraksha Plan

ICICI Pru Saving Suraksha Plan is a unique life insurance plan which allows you to grow your wealth and provides financial protection in case an unforeseen event takes place. In case of your unforeseen demise any time during the policy tenure a death shall be provided to the nominee. ICICI Pru Savings Suraksha plan also provides Guaranteed Additions and Guaranteed Maturity Benefit. Under this plan guaranteed additions are additional bonuses declared by the insurance company upon the endowment policy. The ICICI Pru Savings Suraksha plan also provides maturity benefits at the end of the policy term. 

Features of ICICI Pru Savings Suraksha Plan

Below mentioned are some of the features of ICICI Pru Savings Suraksha plan:

• Provided financial assistance in difficult circumstances
• Offers guaranteed additions
• Provides guaranteed maturity benefits at the end of the policy term
• Flexibility to choose the premium payment mode.
• Flexibility to choose policy term and premium payment term

Benefits of ICICI Pru Savings Suraksha Plan

Mentioned below are the benefits offered with ICICI Pru Savings Suraksha plan:

• Death Benefits
  

  Under ICICI Pru Savings Suraksha plan provides a death benefit to the nominee, in case of an untimely demise of the life assured during the policy term. The death benefit shall be equal to the sum assured plus accrued guaranteed additions. This plan provides financial protection to your family in difficult circumstances such as your untimely demise during the policy tenure. The death benefit can be used by the family of the life assured to fulfill their daily financial requirements and pursue their dreams even in your absence.

• Maturity Benefits

  This plan also provides maturity benefits in case the life assured survives the entire policy tenure. The maturity benefit shall be provided to the life assured at the end of the policy term. The maturity benefit shall consist of the sum assured at the time of maturity plus guaranteed additions that are the reversionary or terminal bonuses as declared by the insurance. 

• Wealth Appreciation

  ICICI Pru Savings Suraksha plan allows wealth appreciation by declaring bonus upon the endowment policy during each first 5 years of the policy term. Under this plan you can grow your wealth with the help of bonuses declared upon the endowment policy by the insurance company as per their performance in the market.

Eligibility Criteria of ICICI Pru Savings Suraksha Plan

Following is the eligibility criteria for ICICI Pru Savings Suraksha plan:

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Disclaimer: This article is issued in the general public interest and meant for general information purposes only. Readers are advised not to rely on the contents of the article as conclusive in nature and should research further or consult an expert in this regard.