The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.
+ The Policyholder can have funds in only one of the Portfolio Strategies.
- Fund value+Sum assured is payable only when the age of the person insured is less then 50 years.
~Tax benefit of `46,800 is calculated at highest tax slab rate of 31.2% (including Cess excluding surcharge) on life insurance premium u/s 80C of `1,50,000. Tax benefits under the policy are subject to conditions under Section 80C, 80D, 10(10D) and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
^The Company will allocate extra units as below provided all due premiums have been paid:
| Premium payment term |
loyalty Additions |
Wealth Boosters |
|---|
| EOY 6 Years Onwards |
(End of every 5th year, starting from the end of 10th policy year) |
|---|
| Limited Pay and Regular pay |
0.15% |
1% |
| Single Pay |
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.
# The Policyholder can switch units from one fund to another at any point of time if he has opted for Fixed Portfolio Strategy. Switches are not available under other Portfolio Strategies. The minimum value of a switch is `2,000. There is no restriction on the number of switches a Policyholder can make and all switches will be free.
*Top-up premiums can be paid any time except during the last five years of the policy term, subject to underwriting, as long as all due premiums have been paid. 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 sum of base premium(s) paid till that time. The minimum Top-up premium is `2,000.
`If the policy offers guaranteed returns, then these will be clearly marked “guaranteed” in the Benefit Illustration. Since the policy offers variable returns, the given illustration shows two different rates of assumed future investment returns. The returns shown above are not guaranteed and they are not the upper or lower limits of what you might get back, as the maturity value of policy depends on a number of factors including future investment performance.
Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. The names of the Company, Product names or fund options do not indicate their quality or future guidance on returns. Funds do not offer guaranteed or assured returns.
| Maximiser Fund V |
|
| Multi cap Growth Fund |
|
| Opportunities Fund |
|
| Bluechip Fund |
|
| Multi cap Balanced Fund |
|
| Income Fund |
|
| Money Market Fund |
|
| Maximise India Fund |
|
| Active Asset Allocation Balanced Fund |
|
| Value Enhancer Fund |
|
| Secure Opportunities Fund |
|
| Focus 50 fund |
|
| India Growth Fund |
|
| Balanced Advantage Fund |
|
| Sustainable Equity Fund |
|
| Mid Cap Fund |
ULIF 146 28/06/22 MidCapFund 105 |
| Mid Cap Hybrid Growth Fund |
ULIF 147 050123 MCHybrdGrt 105 |
| Constant Maturity Fund |
ULIF 148 050123 MCHybrdGrt 105 |
| Mid Cap Index Fund |
ULIF 149 050723 McIndxFund 105 |
| Mid Cap 150 Momentum 50 Index Fund |
ULIF 151 180124 McMomentum 105 |
| Multicap 50 25 25 Index Fund |
ULIF 152 220224 MultiCapIF 105 |
| MidSmall Cap 400 Index Fund |
ULIF 153 150424 MidSmal400 105 |
| MidSmall Cap 400 Index Fund |
ULIF 153 150424 MidSmal400 105 |
| MidSmallCap 400 Momentum Quality 100 Fund |
ULIF 156 241024 MscMomQual 105 |
| Smallcap 250 Momentum Ǫuality 100 Index Fund |
ULIF 157 301224 SmcMomQual 105 |
| India Consumption Fund |
ULIF 158 170425 IndConsump 105 |
Unit Linked products are different from traditional insurance products and are subject to the risk factors.
The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/ her decisions. ICICI Prudential Life Insurance is only the name of the Life Insurance Company and ICICI Pru LifeTime Classic is only the name of the unit linked insurance product and does not in any way indicate the quality of the product, its future prospects and returns.
Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the Insurance company.
The various funds offered under this product are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
i. Linked insurance products are different from the traditional insurance products and are subject to the risk factors.
ii. The premium paid in linked insurance policies are subject to investment risks associated with capital markets and publicly available index. The NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market/publicly available index and the insured is responsible for his/her decisions.
iii. ICICI Prudential Life Insurance Company Limited is only the name of the Life Insurance Company and ICICI Pru LifeTime Classic is only the name of the linked insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
iv. Please know the associated risks and the applicable charges, from your insurance agent or intermediary or policy document issued by the insurance company.
v. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
ICICI Pru Life Time Classic UIN . W/II/0080/2025-26
