ICICI Pru Signature -
ULIP Plan
ICICI Pru Signature -
ULIP Plan
ULIP Plan
Plan that is designed just for preferred customers like you.
Introducing ICICI Pru Signature, our newest ULIP that offers insurance and flexible investment opportunities in one plan. It is a unique plan that can give you better returns while it shields your loved ones with life cover.
8 BENEFITS OF ICICI PRU SIGNATURE
HOW IT WORKS
Ashwin's returns will be according to the performance of funds he has selected.
Amount of premium paid: `14 lakh
Sum Assured: `20 lakh
Age at entry: 35 years
| Assumed investment returns | 8% p.a. | 4% p.a |
|---|---|---|
| Fund Value at Maturity | `28,22,869 | `18,02,758 |
Note: As per IRDAI guidelines, returns are shown at 4% p.a. and 8 p.a.:
In case of Ashwin's death during policy term, his nominee will receive the death benefit as a lump sum payout.
The above illustrations are for a healthy male life with 100% of his investments in Maximiser V. The above are illustrative maturity values, net of all charges, Goods & Services Tax and cesses, if any. 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.
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` | |
| 5 | `10,00,000 | `10,00,000 |
| 10 | `10,00,000 | `10,00,000 |
`ARR : Assumed Rate of Return
The above illustration is for a healthy female life with 100% of her investments in Maximiser V. 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.
THINGS YOU NEED TO KNOW
THINGS YOU NEED TO KNOW
Why should you buy a ULIP at an early age?
When you are young, you are free from liabilities in terms of dependents and hence, you have the potential to take higher risk to get better returns. The earlier you start investing in a ULIP, the sooner you can achieve your financial goals.
What are the plan options under ICICI Pru Signature?
ICICI Pru Signature has three plan options. Higher the premiums, higher are the benefits.
| Plan | Annualised Premium | Benefits |
|---|---|---|
| Advantage | ₹ 2,00,000 – 4,99,999 | Return of all premium allocation charges + Wealth Boosters |
| Premier | ₹ 5,00,000 – 9,99,999 | Return of all premium allocation charges +Wealth Boosters + Value Benefit in year 2 |
| Exclusive | ₹ 10,00,000 and above | Return of all premium allocation charges +Wealth Boosters + Value Benefit in year 2 + Value Benefit in year 6 |
What is the minimum and maximum entry age for this plan?
There is no minimum age for buying this plan. The maximum age limit is 70 years for Single Pay and 65 years for Limited/ Regular Pay.
What are the premium payment terms available with this plan?
Premium Payment terms available under ICICI Pru Signature:
Single Pay
For Limited Pay - 5 years, 7 years and 10 years.
For Regular Pay, it is same as the policy term.
For Whole Life option, Limited Pay – 7, 10 and 15 years.
What are the policy terms available in this plan?
You can choose policy term between 10 to 30 years depending on age and premium payment term. For Whole Life policy term option, policy term will be equal to 99 minus Age at entry.
How much premium do I have to pay?
Minimum premium for ICICI Pru Signature is ₹ 1,00,000/- per annum. There is no limit on maximum amount.
When can I do partial withdrawals?
Partial withdrawals are allowed only after the first five policy years and on payment of all premiums for the first five policy years. Partial withdrawals are allowed only if the Life Assured is at least 18 years of age.
What are the tax benefits under this policy?
You can avail tax benefits4 on the premiums you pay towards this plan and the benefit you receive subject to conditions under section 80C,10(10D) & other provisions of the Income Tax Act, 1961.
PERFORMANCE OF FUNDS
| Fund Name (As on ) | Returns (p.a.) | Returns (p.a.) |
Inception Date |
|||||
|---|---|---|---|---|---|---|---|---|
| 1 Year | 2 Year | 3 Year | 4 Year | 5 Year | Since Inception | |||
EQUITY | ||||||||
| Bluechip Fund | ||||||||
| Maximiser V Fund | ||||||||
| Multi Cap Growth Fund | ||||||||
| Opportunities Fund | ||||||||
| Maximise India Fund | ||||||||
| Value Enhancer Fund | ||||||||
| Focus 50 Fund | ||||||||
| India Growth Fund | ||||||||
| Sustainable Equity Fund | ||||||||
| Mid Cap Fund | ||||||||
| Mid Cap Index Fund | ||||||||
| Mid Cap 150 Momentum 50 Index Fund | ||||||||
| Multicap 50 25 25 Index Fund | ||||||||
| MidSmall Cap 400 Index Fund | ||||||||
| MidSmallCap 400 Momentum Quality 100 Index Fund | ||||||||
| Smallcap 250 Momentum Ǫuality 100 Index Fund | ||||||||
| India Consumption Fund | ||||||||
| Nifty Alpha 50 Index Fund | ||||||||
BALANCED | ||||||||
| Multi Cap Balanced Fund | ||||||||
| Active Asset Allocation Balanced Fund | ||||||||
| Balanced Advantage Fund | ||||||||
| Mid Cap Hybrid Growth Fund | ||||||||
DEBT | ||||||||
| Income Fund | ||||||||
| Money Market Fund | ||||||||
| Secure Opportunities Fund | ||||||||
| Constant Maturity Fund | ||||||||
