Icici - Saving Suraksha
One of the best ways to get assured returns
Provide 4 details to generate your customised benefit plan
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Minimum monthly premium starts at 2,500
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Note : 2 months premium will have to be paid when making the first payment.
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6,00,000
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Monthly x 12
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For Years x 5
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Total Investment 5,000
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Tax benefits under the policy are subject to conditions under Sec. 80C and Sec 10(10D) of the Income Tax Act, 1961. Service tax and applicable cesses will be charged extra as per applicable rates. Tax laws are subject to amendments from time to time.
* maturity benefit are tax free subject to conditions u/S 10(10D)
Call us on 1-860-266-7766 (10am-7pm, Monday to Saturday, except national holidays. Valid only for calls made from India)
Copyright © 2014 ICICI Prudential Life Insurance Company Ltd. Registered Address: - ICICI Pru Life Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. Reg No: - 105 Insurance is the subject matter of the solicitation. For more details on the risk factors, term & conditions please read sales brochure carefully before concluding the sale. UIN of the ICICI PRU Savings Suraksha - 105N135V01. Advt No.: W/II/07/2016-17
Trade Logo displayed above belongs to M/s ICICI Bank Ltd & Prudential IP services Ltd which shall be used by ICICI Prudential Life Insurance Company Ltd under Registered License No.105
- IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
- IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
Guaranteed Benefits of ICICI Pru Savings Suraksha (at Maturity)
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Guaranteed Additions for first 5 years
1,28,276Right from the first year of your policy, Savings Suraksha adds a Guaranteed Addition to the value of your policy. This is paid on Maturity or Death, whichever occurs first.
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Guaranteed Maturity Benefit
5,13,103This additional amount is guaranteed to you at Maturity of your policy.
You can see the value of Guaranteed Benefits year-wise, as you proceed to fill up the application form.
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Guaranteed benefits are available only if all premiums are paid as per the premium payment term & the policy is inforce till the completion of entire policy term
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Guaranteed Additions (GAs) totaling 5% of GMB each year will accrue during the first five policy years if all due premiums are paid. GAs accrue on payment of due premium.
Tax Break-up
| Base Premium | 1,10,315 |
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| Service Tax & cess | 1,10,315 |
| Total Premium | 1,10,315 |
Premiums paid for this plan will enjoy tax benefits every year
Under Section 80C
Under Section 10(10d)
| On Maturity | Estimated Tax Free Income | Estimated Tax Benefit |
|---|---|---|
| 9,68,975 | 1,10,315 | |
| TOtal | 1,10,315 |
Under Section 80C
| Policy Year | Annual Premium | Tax Saved |
|---|---|---|
| 01 | 62,175 | 12,360 |
| 02 | 61,088 | 12,360 |
| 03 | 61,088 | 12,360 |
| 04 | 61,088 | 12,360 |
| 05 | 61,088 | 12,360 |
| 06 | 61,088 | 12,360 |
| 07 | 61,088 | 12,360 |
| 08 | 61,088 | 12,360 |
| 09 | 61,088 | 12,360 |
| 10 | 61,088 | 12,360 |
| TOtal | 1,23,600 |
Under Section 10(10d)
| On Maturity | Estimated Tax Free Income | Estimated Tax Benefit |
|---|---|---|
| 9,68,975 | 73,544 | |
| TOtal | 73,544 |
Under Section 80C
| Policy Year | Annual Premium | Tax Saved |
|---|---|---|
| 01 | 62,175 | 6,180 |
| 02 | 61,088 | 6,180 |
| 03 | 61,088 | 6,180 |
| 04 | 61,088 | 6,180 |
| 05 | 61,088 | 6,180 |
| 06 | 61,088 | 6,180 |
| 07 | 61,088 | 6,180 |
| 08 | 61,088 | 6,180 |
| 09 | 61,088 | 6,180 |
| 10 | 61,088 | 6,180 |
| TOtal | 61,800 |
Under Section 10(10d)
| On Maturity | Estimated Tax Free Income | Estimated Tax Benefit |
|---|---|---|
| 9,68,975 | 36,772 | |
| TOtal | 36,772 |
Under Section 80C
| Policy Year | Annual Premium | Tax Saved |
|---|---|---|
| 01 | 62,175 | 0 |
| 02 | 61,088 | 0 |
| 03 | 61,088 | 0 |
| 04 | 61,088 | 0 |
| 05 | 61,088 | 0 |
| 06 | 61,088 | 0 |
| 07 | 61,088 | 0 |
| 08 | 61,088 | 0 |
| 09 | 61,088 | 0 |
| 10 | 61,088 | 0 |
| TOtal | 0 |
Under Section 10(10d)
| On Maturity | Estimated Tax Free Income | Estimated Tax Benefit |
|---|---|---|
| 9,68,975 | 0 | |
| TOtal | 0 |
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Tax saved under section 80C is calculated by applying tax rate on premium paid or Rs.1,50,000 or 10% of Sum Assured whichever is lower.
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Estimated Tax benefit under section 10(10D) is arrived by using the following formula: (Total Estimated Death/ Maturity Benefit - Sum of all annual premiums paid)* Tax rate
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The quantum of Income tax benefits mentioned in the illustration is based on rate of tax which is currently prescribed as per current Finance Act. The rate used for calculation of the income tax benefits is inclusive of the applicable cess. This rate is subject to change as per the provisions of the Finance act for the future years, as a result of which the quantum of tax benefits illustrated may either reduce or increase in future. Tax benefits are subject to conditions specified under section 80C and 10(10D) of the Income Tax Act, 1961 and are subject to amendments from time to time.
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It is always advisable to a customer to take an independent view from his tax experts. ICICI Prudential Life Insurance Company Limited will not be responsible in cases where any tax benefits as stated above are denied to the policyholder.