ICICI Pru Sukh Samruddhi Plan

There are many reasons why you should choose this plan. Some of its key features and benefits are discussed below:

Choice Of 2 Plan Options:

The plan has two alternatives that can be customized to meet your savings needs.

• Lump Sum: Receive a lump amount at policy maturity at the conclusion of the policy period.

• Income: After the premium payment term is complete, receive a regular Guaranteed Income (GI), as well as a lump sum upon maturity at the conclusion of the policy term.

Guaranteed Income:

The life guaranteed will receive a Guaranteed Income at the end of each month or year, in arrears, following the completion of the premium payment term, until the policy’s term has expired. For the desired Income Term that you selected at inception, you will receive the Guaranteed Income. This feature is available only for the Income option of the plan.

Maturity Benefit:

A Maturity Benefit will be provided in addition to the final GI payout for a fully paid policy if the life insured survives until the end of the policy term.

• Maturity Benefit (For Income Option): Accrued Reversionary Bonus (if declared) + Terminal Bonus (if declared).

• Maturity Benefit (Lump Sum Option): Sum Assured On Maturity + Accrued Reversionary Bonus (if declared) + Terminal Bonus (if declared).

Death Benefit:

The following will be paid upon the death of the life assured throughout the period of the policy (for a premium-paying or fully paid policy):

Life Insurance/Death Benefits will be higher of:

• Sum Assured on Death + Accrued Reversionary Bonus, if declared + Interim Reversionary Bonus, if declared + Terminal Bonus, if declared;

OR

• 105% of total premiums paid up to the date of death.

Additional Flexibility:

The plan offers you additional flexibility in terms of:

Save The Date: You have the option of choosing to receive your Guaranteed Income (GI) on a special occasion, such as a birthday or anniversary. Only the Income Plan option and the yearly Income mode support this functionality.

Savings Wallet: During the insurance term, you have the choice to accrue Guaranteed Incomes (GIs) and let them grow rather than using them as payment. The accrued GIs can also be withdrawn in full or in part at any moment during the Income Term. Only the Income Plan option offers this functionality.

Tax Benefits:

As permitted by the current tax legislation, tax benefits can be accessible. The regulations of the Income Tax Act of 1961 provide restrictions on the policy’s tax benefits. Goods and Services Tax and Cesses, if applicable, will be added on top of the price at the time of purchase. The laws governing taxes may occasionally be amended. For more information, please visit your tax advisor.