ICICI Pru Assure Wealth is a whole life insurance and savings product that rewards you with a guaranteed addition and provides you an insurance cover to take care of your loved ones even in your absence. Assure Wealth offers:
Protection for the whole family
Opportunity for growth through investment
ICICI Pru Assure Wealth at a glance
Minimum Premium
Rs. 12,000 per annum
Minimum Sum Assured
5 X Annual Premium, subject to a minimum
of Rs.1,00,000
Maximum Sum Assured
As per the maximum Sum Assured multiples
Minimum / Maximum age at entry
0 / 55 years
Policy Term
Whole Life
Modes of Premium payment
Yearly / Half yearly / Monthly
How can I benefit from this whole life insurance plan?
You need to choose the product variant, premium amount, Sum Assured and portfolio strategy for your Policy
A Guaranteed Addition as a percentage of one annual premium would accrue to your Fund Value at the end of the 15th Policy year *
Enjoy the the flexibility to access your funds through partial withdrawals
The flexibility to access your funds through partial withdrawals
In the unfortunate event of death, your nominee would receive the Sum Assured (reduced by partial withdrawals) or the fund value, whichever is higher.
*Based on the number of premiums paid towards the Policy and the variant chosen
How does this Life insurance product work?
Guaranteed Addition (GA) : In the unfortunate event of death, your nominee would receive the Sum Assured (reduced by partial withdrawals) or the fund value, whichever is higher.A Guaranteed Addition would accrue to your Fund Value at the end of the 15th Policy year. The guaranteed addition depends on the variant chosen and the number of annual premiums paid.
Additional Allocation Of Units : Additional units will be allocated every year till the end of the policy only on payment of due premiums as shown below. This will lead to more than 100% of your premium getting allocated to your Policy.
ICICI Pru Assure
Wealth
Policy Year
Additional allocation of Units
(as a % of regular premium)
Super
6th year onwards
2%
Plus
8th year onwards
2%
Death Benefit : In the unfortunate event of death, the Company shall pay the Sum Assured (reduced by partial withdrawals) or the Fund Value, whichever is higher.
For more details please refer to the product brochure
What are the various fund options in this whole life insurance plan?
With ICICI Pru Assure Wealth, you have the option to choose from two unique portfolio strategies depending on your needs. These are:
LifeCycle based Portfolio Strategy : Your financial needs are not static in nature, and keep changing depending on your lifestage. So, you need a wealth product which adapts itself accordingly. This need is fulfilled by the LifeCycle based Portfolio Strategy. Key features of this strategy are:
Age based portfolio management.
Quarterly rebalancing.
Safety as you approach retirement.
Fixed Portfolio Strategy : For those who prefer to actively manage their own investments, we have, the Fixed Portfolio Strategy. Under this strategy, you may choose your own asset allocation from any of eight funds options. You can switch between these funds using our switch option. The details of the funds are given in the table below:
