ICICI Pru Sarv Jana Suraksha Calculator
ICICI Pru Sarv Jana Suraksha (UIN: 105N081V06) is a non-linked, non-participating, individual, pure risk premium life insurance plan designed for the mass and economically weaker segments of society. Unlike savings-oriented ICICI Prudential plans, Sarv Jana Suraksha pays no maturity benefit - it is a low-cost, level-term protection plan whose only purpose is to pay a fixed death benefit to the nominee if the life assured dies during the policy term. This keeps premiums very affordable, since none of the premium is set aside to build a maturity corpus.
This calculator estimates your annual premium, the total premium you'll pay over the policy term, and the guaranteed death benefit your family would receive.
Key Features
- Pure protection, no maturity benefit: if the life assured survives the full policy term, the policy simply ends with no payout - this is what keeps the premium low.
- Fixed sum assured slabs: the plan offers a small set of low sum assured amounts, keeping it accessible to first-time policyholders and lower-income households.
- Level premium: the annual premium stays the same for the entire policy term - it does not increase as you get older.
- Level death benefit: the sum assured paid on death is the same amount in every policy year.
How the Premium Is Calculated
The annual premium is derived from a rate per ₹1,000 of Sum Assured, which depends on the life assured's age band at entry and gender (younger, and typically female, lives are assigned a lower mortality-linked rate):
The total premium payable over the full policy term is simply the annual premium repeated every year the policy is in force:
Because this is a pure term plan, the death benefit paid to the nominee is the Sum Assured itself, unchanged for every year of the policy term - there is no accumulation and no maturity value.
How to Use This Calculator
- Enter your Age at Entry (18 to 50 years).
- Select your Gender.
- Choose a Sum Assured slab - the fixed protection amount you want your family to receive.
- Choose a Policy Term (5, 10, or 15 years).
- Click Calculate to see your estimated annual premium, total premium payable over the term, and a year-by-year schedule showing the age and guaranteed death benefit for each policy year.
Worked Example
Suppose a 30-year-old male chooses a Sum Assured of ₹50,000 for a Policy Term of 10 years. At the illustrative rate for the 26-35 male age band, the annual premium works out to a few hundred rupees - a fraction of what a savings-linked plan of the same size would cost - and the nominee is guaranteed the full ₹50,000 death benefit in any year the life assured passes away during those 10 years. At the end of the 10th year, if the life assured is still alive, the policy simply matures with no payout, since this is a pure protection plan.
All rates used in this calculator are illustrative, modeled on the shape of a mass-segment term plan's benefit structure - they are not a reproduction of ICICI Prudential's official rate card. Refer to the official policy document for actual premiums.