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• ICICI Prudential SarvJana Suraksha Rural Insurance Plan and Policy

ICICI Prudential SarvJana Suraksha Rural Insurance Plan and Policy

ICICI Prudential SarvJana Suraksha Rural Insurance Plan and Policy - This is a micro insurance plan from ICICI Prudential life that is aimed at the rural populace so as to protect their families are protected against eventualities in case the something unfortunate happened to the policyholders. The policy provides complete security while also being affordable so that the total populace can capitalize on life protection through low-cost products.

Eligibility - ICICI Prudential SarvJana Suraksha Rural Insurance Plan and Policy

• Minimum age at entry: 18 years
• Maximum age at entry: 55 years
• Maximum age at maturity: 60 years

Features - ICICI Prudential SarvJana Suraksha Rural Insurance Plan and Policy

This term plan comes with various features including:

• Policy term: Fixed policy term of 5 years.
• Premium payment frequency: Yearly.
• Premium payment option: Regular
• Sum Assured: Rs.5,000-Rs.50,000.
• Grace period: There is a grace period of 30 days to make premium payment once the due date has passed.
• Free look period: Customers are given a 15 days free look period for non-distance marketing policy purchases and 30 days for distance marketing policy purchases, during which period the policyholder may surrender the policy and get refunds subject to deductions.

Benefits - ICICI Prudential SarvJana Suraksha Rural Insurance Plan and Policy

There are several benefits associated with this policy, such as:

• Death benefits: Death benefits are paid out on death of the life assured during policy term. The Sum Assured is paid out as death benefit and the policy will terminate.
• Riders: You have the option to enhance the protection using riders which are offered subject to prior approval from the regulator.
• Tax benefits: Tax benefits applicable on premium payments as per relevant sections of the Income Tax Act, 1961.