Understanding ICICI Prudential Life Insurance Maturity Amounts

How maturity amount is calculated

The maturity amount equals the sum assured plus any vested bonuses or guaranteed additions specified in the policy, minus any deductions such as outstanding loans or surrender charges.

Key policy factors that influence the payout

Different plan types (endowment, money‑back, ULIP) have distinct bonus structures. For participating policies, reversionary bonuses accrue annually, while terminal bonuses may be added at maturity. The policy term, premium frequency, and any paid-up status also change the final figure.

Typical documents you'll need to claim

To confirm the amount, gather the original policy deed, the latest annual statement showing accrued bonuses, and a completed claim form. If a loan was taken against the policy, the loan statement is required to calculate the net payout.

Where to verify your specific amount

Log in to the ICICI Prudential customer portal or call the dedicated policy‑service helpline. The portal's "Policy Details" section lists the current surrender value, which equals the maturity amount if the policy is still in force. For offline policies, request a "Maturity Benefit Statement" from your nearest branch.

Common scenarios that alter the expected amount

Early surrender before the contractual term reduces the payout to the surrender value, which excludes future bonuses. If you have taken a policy loan, the outstanding balance is deducted at maturity. Some policies allow a paid‑up option after a certain number of years, resulting in a lower guaranteed sum.

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