ICICI Guaranteed Savings Insurance Plan

Tax Benefits on both

Benefit of Life Cover

Tax Benefit
Tax Benefit

My Details

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My details


Premium you pay


(inclusive of all taxes)



Your policy benefits

 X  =

Premium you pay




8% 6%

Assumed gross interest rate



Additional benefits through income tax Act

*Conditions Apply.
  Income Tax Slab Rate         
Values are illustrative and not guaranteed


1. Tax amount is calculated by applying tax rate on premium paid or Rs.1,00,000 whichever is lower.
2. Tax amount is arrived by using the following formula:
  (Total Estimated Maturity Benefit - Sum of all annual premiums paid) * Tax rate

3. The quantum of Income tax benefits mentioned in the illustration is based on rate of tax which is currently prescribed under Finance Act, 2012. The rate used for calculation of the income tax benefits is inclusive of the applicable cess @ 3% on tax. This rate is subject to change as per the provisions of the Finance Acts for the future years, as a result of which the quantum of tax benefits illustrated may either reduce or increase in future. Tax benefits are subject to conditions specified under section 10(10D) and section 80C of the Income Tax Act, 1961 and are subject to amendments from time to time.
4. It is always advisable for a customer to take an independent view from his tax experts. ICICI Prudential Life Insurance Company Limited will not be responsible in cases where any tax benefits as stated above are denied to the policyholder.

For more details of the above benefits, please refer to the illustration in the Preview section just before making the payment.


If your policy offers guaranteed returns, then these will be clearly marked "guaranteed" in the Benefit Illustration on this page. These assumed rates for the RA and the MA are projected assuming a gross interest rate of 8% and 6% for this illustration only. The maturity benefit of your policy is dependent on a number of factors, including future performance.