ICICI Prudential · Savings · Guaranteed Income
Save 'N' Grow
A combination offering of ICICI Pru EzyGrow (a child-focused ULIP) and ICICI Pru Guaranteed Income For Tomorrow, blending guaranteed capital protection with market-linked growth potential for family goals.
Product data last fetched 26 August 2026. Features, premiums and availability may change — verify against the official brochure/policy wording before deciding.
The truth card
PurposeSavings — Traditional
CategoryGuaranteed Income
InsurerICICI Prudential
Life CoverNot available in the current product data
PremiumNot available in the current product data
Policy TermNot available in the current product data
Premium-Paying TermNot available in the current product data
GuaranteeNot available in the current product data
Market ExposureNot applicable — non-linked
LiquidityNot available in the current product data
Lock-inNot available in the current product data
ChargesNot available in the current product data
Maturity BenefitNot available in the current product data
Death BenefitNot available in the current product data
SurrenderNot available in the current product data
Paid-upNot available in the current product data
Tax NotesDepends on policy structure, premium amount, issue date and applicable tax law — see our tax notes
XIRRNot available in the current product data
What this product is
A combination offering of ICICI Pru EzyGrow (a child-focused ULIP) and ICICI Pru Guaranteed Income For Tomorrow, blending guaranteed capital protection with market-linked growth potential for family goals.
You might need this if…
- You might need this if you're saving for a child's future (education, marriage) and want part of the plan guaranteed and part market-linked.
- Useful if you want a lower entry point than some ULIP combos — premiums here can start from a few thousand rupees a year.
- Fits if you like the idea of combining two ICICI Prudential products under one umbrella with a single easy purchase decision rather than picking separately.
- Good if you want life cover to sit alongside the savings — both underlying products pay a death benefit if the life assured dies during the term.
How it actually works
- Entry age 0-50; premium payment term 5, 7, or 10 years; policy term ranges 10-20 years depending on the term chosen.
- Sum assured under both products is 10 times the annualized premium.
- Minimum annual premium ranges from about ₹2,800 to ₹27,500, and maximum from ₹42,000 to ₹2,10,000, depending on the specific combination selected.
- The Guaranteed Income For Tomorrow portion returns your premiums with a guaranteed benefit at maturity.
- The EzyGrow (ULIP) portion invests in equity and debt funds for potential higher, but non-guaranteed, growth.
- On death during the term, nominees receive the sum assured amounts from each underlying product separately.
Worked example
A 30-year-old paying ₹50,000/year for 7 years (₹3,50,000 total) over a 15-year policy: at an assumed 8% return, total maturity value is about ₹6,42,966; at 4%, about ₹5,44,420. Breakdown: Guaranteed Income benefit contributes ₹3,84,065, while the EzyGrow portion adds ₹2,58,901 at 8% or ₹1,60,355 at 4%. On death, the nominee receives a combined life cover of roughly ₹3,10,000 plus ₹1,90,000 from the two products.
Worth knowing before you decide
- Like other combination products, this bundles two separate policies — review each product's individual brochure for full terms.
- Only the guaranteed-income portion has protected returns; the ULIP (EzyGrow) portion carries full market investment risk.
- Illustrated ULIP returns are not guaranteed.
- The products can also be purchased individually — the combination is optional, not mandatory.
Official source
⌟ Official product brochure
Learn about this category
Read the full traditional life insurance explainer → · See all traditional savings products →