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ICICI Pru Pinnacle is a unit linked insurance policy that offers the advantage of varying exposure to equities along with downside protection, so that your investments are protected in financially volatile times. It also offers a limited premium payment term while allowing you to enjoy insurance protection for a longer period.
Guaranteed NAV
With ICICI Pru Pinnacle, we guarantee the highest Net Asset Value (NAV) recorded on a daily basis, in the first 7 years of the fund, subject to a minimum of Rs.10. The guarantee will be applicable only at maturity. The period of 7 years starts from the date of launch of Pinnacle Fund and will end on the completion of 7 years (from 24/10/09 to 24/10/16).
At maturity, the higher of Fund Value (Units X NAV) and Guaranteed Value (Units X Guaranteed NAV) as on the maturity date shall be payable.
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Scenario 1
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Scenario 2
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Number of Units at maturity
(A) |
50,000
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50,000
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Guaranteed NAV
(B) |
Rs.20
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Rs.20
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NAV on maturity date
(C) |
Rs.15
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Rs.25
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Guaranteed Value
(A x B) |
Rs 10.0 lacs
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Rs 10.0 lacs
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Fund Value
(A x C) |
Rs 7.5 lacs
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Rs.12.5 lacs
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| Higher of (Guaranteed Value, Fund Value) |
Rs. 10.0 lacs
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Rs. 12.5 lacs
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Not only this, ICICI Pru Pinnacle gives a boost of additional allocation amounting to 3% of Fund Value on the day of maturity (Guaranteed NAV will not be applicable to additional allocation)
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