ICICI Pru Anmol Bachat Plan

If your partner falls ill, you would want to stand on your own feet to meet the related expenses. helps you to plan for such events by aiding you to save small sums now, creating a lump sum amount to meet your future needs. The benefit of this ICICI Prudential Life Insurance plan is three-fold: Liquidity, Savings, and Life cover.

Life usually does not follow the path that you draw out exactly. Sure your salary may be hiked each year, but will it cover all of your expenses in the event of an unexpected expense?

Especially in this age where health care and education expenses are rising quickly, is your salary really enough? You may find yourself in a lot of financial trouble if you do not have a back-up plan for an unexpected expense.

Eligibility for ICICI Pru Anmol Bachat:

Single Premium
Minimum entry age	15 years
Maximum entry age	50 years
Minimum Single Premium	Rs. 2,500
Maximum Single Premium	Rs.15,000
Five Pay
Minimum entry age	18 years
Maximum entry age	52 years
Minimum Annual Premium	Rs.1,200
Maximum Annual Premium	Rs.6,000
Ten Pay / Fifteen Pay
Minimum entry age	18 years
Maximum entry age	55 years
Minimum Annual Premium	Rs.1,200
Maximum Annual Premium (if age at entry < 45 years)	Rs.3,000
Maximum Annual Premium (if age at entry >= 45 years)	Rs. 4,285

Key Features of ICICI Pru Anmol Bachat:

Plan type	Non-linked, participating endowment insurance plan
Plan Basis	Individual
Sum Assured on Death (Single Premium)	2 times Annual Premium Guaranteed Maturity Benefit
Sum Assured on Death (Five pay)	Guaranteed Maturity Benefit 5 times Annual Premium
Sum Assured on Death (Ten Pay/ Fifteen Pay)	Guaranteed Maturity Benefit 10 times Annual Premium Guaranteed Maturity Benefit 7 times Annual Premium
Grace Period	15 days if monthly premium payment mode and 30 days if other modes.
Premium payment mode	Monthly: Nil Half yearly: 2.5% Yearly: 4.5%
Surrender value	Single Premium policies: From the start of the policy, your policy has a surrender value. Five Pay policies: A surrender value is acquired on payment of two full years' premium. Ten Pay/ Fifteen Pay policies: Upon payment of 3 full years' premium, your policy acquires a surrender value. Once your policy has acquired a surrender value, on surrender you will get surrender value of vested bonuses or Special Surrender Value, whichever is higher. You will also get the Guaranteed Surrender Value.
Revival	The application for revival is made before the termination date of the policy and within two years from the due date of the first unpaid premium. The prevailing Board approved underwriting policy will decide the revival. The policyholder must provide evidence of health of the life assured, which must satisfactory to the Company. The late payments of premiums are paid.

Benefits of ICICI Pru Anmol Bachat:

Survival Benefit: Survival Benefit, which is equal to one annual premium, will be paid during the policy term. This holds true only if the is alive and all due premiums have been paid.
Death benefit: If the death of the life assured is during the policy term, Death Benefit will be payable, irrespective of the survival benefits paid. This is under the condition that it is a fully paid policy.
Guaranteed Maturity Benefit: Guaranteed Maturity Benefit is a guaranteed amount that will be payable at the end of the policy term. The Guaranteed Maturity Benefit will be shown on the benefit illustration.

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