Introducing ICICI Pru Signature, our newest ULIP that offers life insurance and flexible investment options in one plan. It is a special savings plan that can give you better returns while it shields your loved ones with life cover2
Your entire premium is allocated among the funds of your choice without any deductions along with Return of Mortality and Policy Administration Charges at maturity (exclusively for customers buying online). With the choice of 4 portfolio strategies and a wide range of funds, this plan gives you abundant flexibility to invest as per your needs.
8 BENEFITS OF ICICI PRU SIGNATURE
4 SIMPLE STEPS TO BUY ONLINE
HOW IT WORKS
Sumit's returns will be according to the performance of the funds he has selected.
Amount of premium paid: `21 lakh
Sum Assured: `30 lakh
Age at entry: 45 years
Policy term: 54 years (till the age of 99 years)
|Age (in years)||Completed policy year||Fund value @ 8% ARR^||Fund value @ 4% ARR^|
|65||20||`47.32 lakh||`23.65 lakh|
|85||40||`1.80 Crore||`40.76 lakh|
|99||54||`4.50 Crore||`59.89 lakh|
Note: As per IRDAI guidelines, returns are shown at 4% ARR^ p.a. and 8% ARR^ p.a.
In case of Sumit's death during the policy term, his nominee will receive the death benefit as a lump sum payout.
|Year of death||Death Benefit paid out to the nominee|
|@ 8% ARR^||@ 4% ARR^|
|5||`30 lakh||`30 lakh|
|15||`33.89 lakh||`30 lakh|
|35||`1.29 Crore||`35.23 lakh|
The above illustration is for a healthy male life with 100% of his investments in Maximiser V and fixed portfolio strategy. The above are illustrative maturity values, net of all charges, Goods and Services Taxes and/or Cesses. Since your policy offers variable returns, the given illustration shows different rates of assumed future investment returns. The returns shown in the benefit illustration are not guaranteed~ and they are not the upper or lower limits of what you might get back, as the value of your policy depends on a number of factors including future investment performance.
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.
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
|Assumed investment returns||@ 4% ARR`||@ 8% ARR`|
|`Fund Value at Maturity||`1,20,670||`1,76,956|
`ARR: Assumed Rate of Return
Note: As per IRDAI guidelines, returns are shown at 4% p.a. and 8 p.a.:
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 policy term, Divya's nominee will receive the death benefit as a lump sum payout.
|Year of death||Death Benefit paid out to nominee|
|@ 4% ARR`||@ 8% ARR`|
`ARR : Assumed Rate of Return
THINGS YOU NEED TO KNOW
THINGS YOU NEED TO KNOW
Why should you buy a ULIP at an early age?
What is the minimum and maximum entry age for this plan?
What is the minimum and maximum policy term I can select?
What are the premium payment modes for this plan?
What are the premium payment terms available with this plan?
Premium payment terms:
For the Limited Pay, it is 5 years, 7 years and 10 years.
For the Regular Pay, it is the same as the policy term.
For the Whole Life-Limited pay option, it is 7 years, 10 years and 15 years.
What is the minimum and maximum premium for this plan?
What is a Systematic Withdrawal Plan (SWP)?
When can I do partial withdrawals?
What is the age eligibility to do partial withdrawals?
What are the tax benefits under this policy?
PERFORMANCE OF FUNDS
|Fund Name (As on )||Returns (p.a.)||Returns (p.a.)||
|1 Year||2 Year||3 Year||4 Year||5 Year||Since Inception|
|Maximiser V Fund|
|Multi Cap Growth Fund|
|Maximise India Fund|
|Value Enhancer Fund|
|Focus 50 Fund|
|India Growth Fund|
|Sustainable Equity Fund|
|Mid Cap Fund|
|Multi Cap Balanced Fund|
|Active Asset Allocation Balanced Fund|
|Balanced Advantage Fund|
|Money Market Fund|
|Secure Opportunities Fund|
1Amount equal to the total of mortality charges and policy administration charges deducted in the policy will be added back to the fund value at maturity, provided all due premiums have been received. This amount 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. This shall exclude any extra mortality charges and taxes levied on the charges deducted as per prevailing tax laws. Return of Mortality Charges and Policy Administration Charges are not applicable for the Whole Life option.
2Wealth Boosters equal to 3.25% of the average of the Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters will be allocated as extra units to your policy at the end of every 5th policy year starting from the end of 10th policy year till the end of your policy term.
3Systematic Withdrawal Plan is allowed only after the first five policy years.
4Tax benefits under the policy are subject to conditions under Sections 80C, 10(10D) and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra by redemption of units, as per applicable rates. Tax laws are subject to amendments from time to time.
|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|
|Value Enhancer Fund||ULIF 139 24/11/17 VEF 105|
|Secure Opportunities Fund||ULIF 140 24/11/17 SOF 105|
|Focus 50 Fund||ULIF 142 04/02/19 FocusFifty 105|
|India Growth Fund||ULIF 141 04/02/19 IndiaGrwth 105|
|Balanced Advantage Fund||ULIF 144 03/06/21 BalanceAdv 105|
|Sustainable Equity Fund||ULIF 145 03/06/21 SustainEqu 105|
|Mid-Cap Fund||ULIF 146 28/06/22 MidCapFund 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 the 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 Signature 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.
`Life Cover is the benefit payable on death of the life assured during the policy term.
~Guaranteed benefits are payable subject to all due premiums being paid and the policy being in force on the date of maturity.
– the official handbook!