BENEFITS OF
ICICI PRU LIFETIME CLASSIC
CHOICE OF 4 PORTFOLIO STRATEGIES+
LOWER CHARGES
HOW IT WORKS
On maturity, Rahul will get returns according to the performance of funds he had invested in.
Maturity Benefit
|
|
---|---|
@ 4% ARR` | @ 8% ARR` |
₹ 9,05,219 | ₹ 13,99,410 |
In case of Rahul's death, Rahul's nominee will receive the death benefit as a lump sum payout.
Year of death
|
|
|
---|---|---|
@ 4% ARR` | @ 8% ARR` | |
5 | ₹ 5,35,342 | ₹ 5,53,596 |
10 | ₹ 7,43,362 | ₹ 8,29,561 |
15 | ₹ 9,86,213 | ₹ 12,18,063 |
Death Benefit Details
Year of death | Sum Assured (₹) | Fund Value (₹) | Death Benefit paid out to nominee (₹) | ||
---|---|---|---|---|---|
@ 4% ARR | @ 8% ARR | @ 4% ARR | @ 8% ARR | ||
5 | 3,60,000 | 1,75,342 | 1,93,596 | 5,35,342 | 5,53,596 |
10 | 3,60,000 | 3,83,362 | 4,69,561 | 7,43,362 | 8,29,561 |
15 | 3,60,000 | 6,26,213 | 8,58,063 | 9,86,213 | 12,18,063 |
ARR : Assumed Rate of Return
People like you also read ...
Disclaimers
+ The Policyholder can have funds in only one of the Portfolio Strategies.
Premium payment term | Loyalty Additions | Wealth Boosters | |
---|---|---|---|
(End of year 6 and 7)
|
(End of year 8 and onwards)
|
(End of every 5th year, starting from the end of 10th policy year)
|
|
5 years – 6 years | 0.10% | 0.10% | 1% |
7 years – 9 years | 0.15% | 0.30% | 1% |
10 years and above | 0.15% | 0.30% | 2% |
Single Pay | 0.25% | 0.25% | 1.5% |
- For single pay policies with a policy term of 5 years, a loyalty addition of 0.25% of the average of daily Fund Values, including Top-up Fund Value, if any, in that same policy year, will be payable at the end of the fifth policy year.
- Each Loyalty Addition will be a percentage of the average of daily Fund Values including Top-up Fund Value, if any, in that same policy year as mentioned in the table above.
- Wealth Boosters will be a percentage of the average Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters.
- Loyalty Additions and Wealth Boosters will be allocated among the funds in the same proportion as the value of total units held in each fund at the time of allocation.
- The allocation of Loyalty Additions and Wealth Boosters is guaranteed and shall not be revoked by the Company under any circumstances.
- If the premium payment is discontinued anytime after 5 years, the number of years for which premiums have been paid will be considered as the premium paying term for the purpose of deciding the Loyalty Additions & Wealth Boosters to be paid for the rest of the policy term as per the table above.
#If you choose the Fixed Portfolio strategy, you can switch units from one fund to another depending on your financial priorities and investment outlook as many times as you want. Four switches are free in a policy year. Switches in excess of 4 free switches in a policy year will be charged at ₹ 100 per switch. Unutilized free switches can not be carried forward in next policy year. The minimum switch amount is ₹ 2,000.
Fund name
|
SFIN
|
---|---|
Maximiser Fund V
|
ULIF 114 15/03/11 LMaximis5 105
|
Multi cap Growth Fund
|
ULIF 085 24/11/09 LMCapGro 105
|
Opportunities Fund
|
ULIF 086 24/11/09 LOpport 105
|
Bluechip Fund
|
ULIF 087 24/11/09 LBluChip 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
|
Maximise India Fund
|
ULIF 136 11/20/14 MIF 105
|
Active Asset Allocation Balanced Fund
|
ULIF 138 15/02/17 AAABF 105
|