ICICI Prudential Life Insurance, Guaranteed Savings Insurance Plan   Home

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ICICI Prudential Life Insurance Guaranteed Savings Insurance Plan is a limited pay endowment plan that provides guaranteed savings benefits.
The plan allows two options for the premium payment term - regular premiums are payable for 7/10 years and policy will mature after 15/20 years respectively
Guaranteed maturity benefit (GMB) : On survival of the life assured till the date of maturity , the policy holder will be eligible for a guaranteed maturity benefit which would be the sum of
- Sum assured
- Regular additions, accrued on each policy anniversary for the entire term of the policy.
The regular additions will accrue to the GMB at the end of each Policy year and are expressed as a percentage of the Sum assured (SA). They are guaranteed to be 50% of the annualised gross redemption yield of the 10 year Gsec .
The policy holder may also receive Maturity additions at the end of the policy term.
Guaranteed Death benefit is higher of the 1. 10 times of annualised premium or b. sum of all premiums paid till date compounded at the rate of 5% per year.

Loan and surrender value - Loan facility and surrender value
Premium non payment - Non payment of premiums, revival of lapsed policies

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