The table below shows the Bonus rates declared for ICICI Prudential Savings Suraksha Policy from inception. You can use this to calculate the ICICI Prudential Savings Suraksha Plan Maturity Value. The vested bonus rates are declared on compounding basis as a percentage of Guaranteed Maturity Benefit (GMB).
Bonus rates for ICICI Prudential Savings Suraksha Plan
In case you have a plan with Sum Assured of Rs. 5,00,000 - Use the values in the table as following:
Bonus Value = (Guaranteed Maturity Benefit / Sum Assured + sum of all earlier declared Revisionary Bonuses).
Simple Reversionary Bonus for ICICI Prudential Savings Suraksha (Lumpsum Premium) Plan
Simple Reversionary Bonus for ICICI Prudential Savings Suraksha (Regular Premium) Plan
Contingent Reversionary Bonus:
Contingent Reversionary Bonus is:
- accrued on policies which become paid up in the policy year for which a CRB is declared and is paid out on subsequent claim by death, maturity or surrender
- paid when an inforce premium paying policy surrenders in the policy year for which a CRB is declared The contingent reversionary bonus is applicable till the next declaration
|Product||Premium Payment Term||Policy Term||Policy Year 5||Policy Year 6||Policy Year 7|
|Savings Suraksha LP||5||Less than 15||10%||20%||25%|
|5||15 and above||25%||25%||25%|
|Savings Suraksha RP||All||All||0%||5%||10%|
Terminal bonus is one time bonus which is payable at maturity. Terminal bonus declared as a percentage of sum assured. As of now, no terminal bonus has been declared in this plan.
So to get to the ICICI Prudential Savings Suraksha Plan, you have to add all of the following - Sum Assured + Accrued bonus + Any special bonus + Terminal Bonus.
Do let us know in case you need any further information on the bonus rates for this plan or in calculating the returns for your ICICI Prudential Savings Suraksha Policy.
Please contact the ICICI Pru office for exact details of the bonus which has accrued in your plan.You can read more about the plan and it’s working here - ICICI Prudential Savings Suraksha Plan.