ICICI Pru
Lakshya Wealth
A Non-Linked Participating
Life Insurance Plan
A Non-Linked Participating Life Insurance Plan
This plan is offered under ICICI Pru Lakshya
Introducing ICICI Pru Lakshya Wealth, a specially designed plan to power your dreams.
As life progresses, our goals keep on evolving, whether it is buying a house or funding child’s higher education or protecting our loved ones. We always want to give them the best and for this, one needs to have the right plan.
ICICI Pru Lakshya is specially designed to grow your wealth with the promise of protecting your money. This is done through guaranteed benefits in the form of sum assured on maturity5 and guaranteed value benefits, and bonuses in the form of regular additions, if declared every year throughout the policy term as well as a terminal bonus, if declared on maturity.
KEY BENEFITS OF ICICI PRU LAKSHYA WEALTH
Lump Sum Benefit
Get lump sum amount on maturity to fulfill your dreams.
Capital Protection
Get guaranteed capital protection with Sum Assured on Maturity5
Guaranteed Value Benefits (GVBs)1
Get rewarded with applicable GVBs
a.Start Early: Start your savings now rather than later.
b. Save More: Higher the premium, higher the benefit.
c.Stay More: More benefit for long term savings and protection
d.SHE : Exclusively for women to promote savings by women
Bonuses2
Enjoy bonuses in the form of Regular Additions, if declared, every year and one time Terminal Bonus, if declared, on maturity to grow your wealth
Protection
Get life cover throughout the policy term to secure your family’s future.
Tax Benefits3
Tax Benefits on premiums paid and benefits received as per prevailing tax laws
HOW DOES THE PLAN WORK?
Sanjay is a 30 year old IT employee. Recently married, Sanjay understands the importance of planning ahead so that he can fulfill the dreams of his loved ones. He decides to invest in ICICI Pru Lakshya to fulfill his dream of buying a house for his family in the future.
Sanjay invests ₹ 1 lakhs for 10 years in ICICI Pru Lakshya Wealth & chooses a policy term of 20 years.
On Policy Maturity, he gets a total of `2,517,350# ( At 8% Assumed Rate of Return) which includes
| Maturity Benefit | |
|---|---|
| Sum Assured on Maturity5 | `10,00,000 |
| GVB | `2,65,000 |
| Accrued Regular Additions | `6,83,100 |
| Terminal Bonus | `5,69,250 |
He also gets tax benefits3 on both premiums paid and benefits received.
Death Benefit
Unfortunately, if Sanjay passes away at the end of the 11th year of policy, his nominee will receive `13,94,479#
The Death/Maturity Benefit in this plan can be taken either as a lump sum or income.
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 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, of 8% p.a. and 4% p.a. 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 future investment performance.
BENEFIT ILLUSTRATION
Benefit summary |
|||
|---|---|---|---|
|
Benefits @ 4% |
Benefits @ 8% |
|
Sum Assured on Maturity5 |
`10,00,000 |
`10,00,000 |
|
Guaranteed Value Benefits (GVBs) |
Start Early |
`10,55,00 |
`10,55,00 |
Stay More |
`39,500 |
`39,500 |
|
Save More |
`1,20,000 |
`1,20,000 |
|
SHE |
0 |
0 |
|
Total Guaranteed Benefit on Maturity (A) |
`12,65,000 |
`12,65,000 |
|
Estimated accumulated Regular Additions (B) |
0 |
`6,83,100 |
|
Estimated terminal bonus (C) |
`2,78,300 |
`5,69,250 |
|
Estimated total maturity amount(A+B+C) |
`15,43,300 |
`25,17,350 |
|
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