The Single premium plan offers financial protection with the potential to grow your money.
ICICI Pru1 Wealth is more than a life insurance plan. With just a single premium payment, you can get 100% of your money invested in the funds of your choice. You get 7 fund choices i.e. 3 equity funds, 3 debt funds and 1 balanced fund and can switch between these funds anytime, at no extra cost.This plan gives you the potential for better returns by investing in the market while protecting your family with life cover2. You will also get tax benefits on premiums paid and benefits received. By choosing this plan, you can join thousands of our customers who have invested in our funds to achieve their future goals.
8 BENEFITS OF
ICICI PRU1 WEALTH
HOW IT WORKS
Illustration 1
On maturity, Ashok will get returns according to the performance of funds he had invested in.
Amount of single premium: ₹ 1,00,000
Sum Assured: ₹ 10,00,000
Age at entry: 30 years
Policy term: 10 years
Sum Assured: ₹ 10,00,000
Age at entry: 30 years
Policy term: 10 years
Assumed investment returns → | @ 4% ARR` | @ 8% ARR` |
Fund Value at Maturity → | ₹ 1,20,285 | ₹ 1,76,531 |
For this example, we have assumed that the investment is done in the Maximiser Fund V (SFIN: ULIF 114 15/03/11 LMaximis5 105)
In case of Ashok's death during policy term, Ashok's nominee will receive the death benefit as a lump sum payout.
Year of death
|
|
|
---|---|---|
@ 4% ARR` | @ 8% ARR` | |
5 | ₹ 10,00,000 | ₹ 10,00,000 |
10 | ₹ 10,00,000 | ₹ 10,00,000 |
When benefit illustrations are included in the content of advertisements- Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits then these will be clearly marked "guaranteed" in the illustration table on this page. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including actual future investment performance.
Illustration 2
On maturity, Divya will get returns according to the performance of funds she had invested in.
Amount of single premium: ₹ 1,00,000
Sum Assured: ₹ 10,00,000
Age at entry: 30 years
Policy term: 10 years
Sum Assured: ₹ 10,00,000
Age at entry: 30 years
Policy term: 10 years
Assumed investment returns → | @ 4% ARR` | @ 8% ARR` |
Fund Value at Maturity → | ₹ 1,20,670 | ₹ 1,76,956 |
For this example, we have assumed that the investment is done in the Maximiser Fund V (SFIN: ULIF 114 15/03/11 LMaximis5 105)
In case of Divya's death during the policy term, Divya's nominee will receive the death benefit as a lump sum payout.
Year of death
|
|
|
---|---|---|
@ 4% ARR` | @ 8% ARR` | |
5 | ₹ 10,00,000 | ₹ 10,00,000 |
10 | ₹ 10,00,000 | ₹ 10,00,000 |
When benefit illustrations are included in the content of advertisements- Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits then these will be clearly marked "guaranteed" in the illustration table on this page. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including actual future investment performance.
4 SIMPLE STEPS TO BUY ONLINE
THINGS YOU NEED TO KNOW
What is the premium payment option in the ICICI Pru1 Wealth plan?
ICICI Pru1 Wealth is a single premium payment life insurance plan that allocates 100% of your investment amount in the funds of your choice while providing a life insurance cover. So, pay just once and enjoy the benefits for a long term!
What are the policy terms available in the ICICI Pru1 Wealth plan?
ICICI Pru1 Wealth has two policy terms i.e. 5 & 10 years. You can choose the policy term which will support your plans to achieve your financial goals.
How much premium do I have to pay?
The premium for ICICI Pru1Wealth starts at `50,000/- per annum. There is no limit on the maximum investment amount.
What are the minimum and maximum entry ages for this plan?
Minimum age at entry: 8 years
Maximum age at entry: 60 years
How much Life Cover I will get?
Age at entry last birthday | Minimum Sum Assured | Maximum Sum Assured |
<= 50 years | 1.25 times Single Premium | 10 times Single Premium |
>50 years | 1.25 times Single Premium | 1.25 times Single Premium |
What is Automatic Transfer Strategy?
Automatic Transfer Strategy (ATS) helps eliminate the need to time your investment by giving you the benefit of rupee cost averaging. If this option is chosen, you can invest all or some part of your investment in Income Fund or Money Market Fund and transfer a fixed amount in regular monthly instalment into any one of the following funds: Maximiser V, Multi-Cap Growth Fund or Value Enhancer Fund. There would be no additional charges for ATS. The following conditions apply to ATS.
- The minimum transfer amount under ATS is ₹ 2,000/-.
- This transfer will be done in equal instalment in not more than 12 monthly instalment.
- ATS would be executed by redeeming the required number of units from the fund chosen at the applicable unit value and allocating new units in the destination fund at the applicable unit value.
- At inception, you can opt for a transfer date of either the first or fifteenth of every month. If the date is not mentioned the funds will be switched on the first day of every month. If the first or the fifteenth of the month is a non-valuation date, then the next working day’s NAV would be applicable.
How can I invest my surplus money in the plan?
Top-up
You can invest any surplus money as a Top-up premium, over and above the base premium, into the policy. This feature is available only for the policy term of 10 years.
The following conditions apply on Top-ups:
- The minimum Top-up premium is ₹ 2,000/-.
- Your Sum Assured will increase by Top-up Sum Assured when you make a Top-up. Each top-up premium will be treated as a Single Premium payment for determining the Top-up Sum Assured.
- Top-up premiums can be paid any time except during the last five years of the policy term, subject to underwriting.
- A lock-in period of five years would apply for each Top-up premium for the purpose of partial withdrawals only.
- At any point during the term of the policy, the total Top-up premiums paid cannot exceed the base premium of the policy.
- The maximum number of top-ups allowed during the policy term is 99.
What are unlimited free switches between funds?
You can switch units from one fund to another depending on your financial priorities and investment outlook as many times as you want. This benefit is available to you without any charge. The minimum switch amount is ₹ 2,000/-
DEATH BENEFITS DETAILS
Year of death | Sum Assured (₹) | Fund Value (₹) | Death Benefit paid out to nominee (₹) | ||
---|---|---|---|---|---|
@ 4% ARR | @ 8% ARR | @ 4% ARR | @ 8% ARR | ||
5 | 10,00,000 | 1,08,424 | 1,31,400 | 10,00,000 | 10,00,000 |
10 | 10,00,000 | 1,20,285 | 1,76,531 | 10,00,000 | 10,00,000 |
ARR: Assumed Rate of Return
People like you also read ...
Disclaimers
Policy Term | 5 Years | 10 Years |
---|---|---|
Wealth Booster | 2.50% of Single Premium | 2.75% of Single Premium |
Policy Term | 5 Years | 10 Years |
---|---|---|
<= 50 years | 1.25 times Single Premium | 10 times Single Premium |
>50 years | 1.25 times Single Premium | 1.25 times Single Premium |
Fund name
|
SFIN
|
---|---|
Maximiser Fund V
|
ULIF 114 15/03/11 LMaximis5 105
|
Multi cap Growth Fund
|
ULIF 085 24/11/09 LMCapGro 105
|
Multi cap Balanced Fund
|
ULIF 088 24/11/09 LMCapBal 105
|
Income Fund
|
ULIF 089 24/11/09 LIncome 105
|
Money Market Fund
|
ULIF 090 24/11/09 LMoneyMkt 105
|
Value Enhancer Fund
|
ULIF 139 24/11/17 VEF 105
|
Secure Opportunities Fund
|
ULIF 140 24/11/17 SOF 105
|