ICICI Pru Group Unit Linked
Superannuation Plus
Choose from 8 fund options
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Free switching between funds at no extra cost1
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Loyalty additions allocated at the end of every financial year based on policy value
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Tax benefits^ as per prevailing laws
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Annuity purchase options including joint life and return of purchase price
Why choose the ICICI Pru Group Unit Linked Superannuation Plus Plan?
Why choose the ICICI Pru Group Unit Linked Superannuation Plus Plan?
No allocation or surrender charges
Potential to grow your funds through market-linked returns
Allows premium redirection1, Automatic Transfer Strategy (ATS)1 and unlimited fund switching1 to maximise returns based on market trends
Allows master policyholder as well as members to choose the allocation among the available funds
Simplifies financial planning for superannuation funds
Provides tax benefits^, adding financial efficiency to the funds
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Why choose ICICI Prudential Life?
Total inforce policies#
7,480
as on 30th September 2025
Number of lives covered
71,32,342**
Over
2 decades
of expertise in Employee Benefits
Claim Settlement Ratio
99.43%*
Claims settlement TAT
1.21 days*
Claims settled
2,265*
Group Sum Assured
₹13,549.97 Bn
#Count of employer-employee policies
** Total number of lives covered under employer-employee inforce policies
*Data for current financial year as on 30th September’2025
Source – Quarterly IRDAI public disclosures. Please refer to Public Disclosure section on ICICI Prudential website for more details
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Frequently asked questions
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What are the investment options under the ICICI Pru Group Unit Linked Superannuation Plus Plan (GULSP)?
Companies that take ICICI Pru GULSP can choose any fund (or funds) from the available investment options according to their risk appetite. These options are a combination of debt, equity, and money market & cash options. For more details on the funds please refer to the product brochure.
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How many members can be covered in the ICICI Pru Group Unit Linked Superannuation Plus Plan?
A minimum of 5 members are required at the time of ICICI Pru GULSP policy inception. Companies can include any number of members between the ages of 20 and 85 years.
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How much liability does ICICI Pru have for the claims settlement?
Liability of ICICI Pru to the Company is limited to the total fund value of the policy.
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How are units added or removed from unit-linked funds in ICICI Pru Group Unit Linked Superannuation Plus Policy?
Units are allocated to the ICICI Pru GULSP when the master policyholder makes contributions towards the funds. Units are deducted when the master policyholder makes claims from the funds. All additions and deductions take place at the prevailing NAV of the respective unit-linked funds.
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How do Loyalty Additions work?
Loyalty additions are allocated at the end of every financial year and increase with the size of funds invested with ICICI Prudential.
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What is ICICI Pru GULSP Scheme Account Value and Member Account Value?
The policy will have a Scheme Account and is attributable to the Master Policyholder, when the Company opts for a DB Scheme. On the other hand, if the Company opts for a DC Scheme, the policy will have Member Accounts and is attributable to members of the policy.
Disclaimer
- 1Applicable for Defined contribution superannuation schemes only
- ^Tax benefits under the policy are subject to conditions 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.
- ICICI Prudential Life Insurance Company Limited is only the name of the Life Insurance Company and ICICI Pru Group Unit Linked Superannuation Plus is only the name of the insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
- In ULIPs, the investment risk in the investment portfolio is borne by the policyholder.
- Linked insurance products are different from the traditional insurance products and are subject to the risk factors.
- 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.
- 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.
- Please know the associated risks and the applicable charges, from your insurance agent or intermediary or policy document issued by the insurance company.
- © ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered life insurance company with IRDAI, Regn. No. 105. CIN: L66010MH2000PLC127837. Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai-25. Helpline number (Toll free)- 1800 2660. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale.
- ICICI Pru Group Unit Linked Superannuation Plus - UIN: .
- ADVT: W/II/1198/2025-26
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