ICICI Prudential Life Insurance : Save’N'Protect
Save’N'Protect enables you to make regular, systematic savings, so you can effortlessly provide your family with every comfort and meet your long-term financial objectives.
Minimum Sum Assured Rs 50,000
Minimum Term 10 years
Maximum Policy Term 30 years
Minimum Entry Age 0
Maximum Entry Age 60 years
Maximum Age at maturity 70 years
Minimum Premium Rs 6000 p.a.
Advantages of Save’N’Protect Plan
When you invest in Save’N’Protect, you give yourself the guarantee of safeguarding your family’s well being in addition to savings towards some important goals.
Sum Assured:
Choose your Sum Assured depending on the level of cover with which you want to protect your family. The minimum Sum Assured is Rs. 50,000.
3 premium paying modes:
Choose to pay your premium in monthly, bi-annual or annual installments. Your premium is determined based on your age and the Sum Assured you choose.
Death benefit:
Your nominee will immediately receive the Sum Assured and accrued guaranteed and vested bonuses, should something happen to you.
Maturity benefit:
Receive guaranteed and vested bonuses plus the Sum Assured when your policy matures.
Extended life cover:
Opt to protect your family even after you have stopped paying the premium. Enjoy an extended cover for 5 years, at 50% of the Sum Assured, after your policy matures.
Additional riders:
Keep your family financially secure even in the event of a critical illness, accident and disability. Invest in Critical Illness Rider (CIR), Accident and Disability Benefit Rider (ADBR) and Accident Benefit Rider (ABR).
Tax benefits:
Enjoy tax deductions on your premiums (u/s 80 C) and tax exemptions on maturity proceeds and death benefit [u/s 10 (10 D)] as per prevailing Income Tax laws.
Sources : http://www.iciciprulife.com/