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

Men Icon
35 year old Ashwin, an IT Project manager, decides to invest in ICICI Pru Signature to grow wealth, secure family’s future and achieve cherished goals. He selects a premium payment term of 7 years, policy term of 15 years and pays annual premium of ₹ 2 lakhs.

 

 

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.
Women Icon
Divya is a 30 year old female who purchased ICICI Pru1 Wealth with a policy term of 10 years. Divya decided to pay `1,00,000 as one time premium and the life cover for the plan was 10 lakh.

 

 

 

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

 
 

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 ₹ 2,00,000/- 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
& Benchmark Details
(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
Benchmark Returns: NIFTY50
Maximiser V Fund
Benchmark Returns: S&P BSE 100
Multi Cap Growth Fund
Benchmark Returns: NIFTY 500
Opportunities Fund
Benchmark Returns: BSE 200
Maximise India Fund
Benchmark Returns: 2/3rd NIFTY 50 Index
& 1/3rd NIFTY NEXT 50 Index
Value Enhancer Fund
Benchmark Returns: NIFTY NEXT 50 Index
Focus 50 Fund
Benchmark Returns: NIFTY 50
India Growth Fund NA NA NA NA NA 0.32% June 17, 2019
Benchmark Returns: NIFTY 100 NA NA NA NA NA NA

BALANCED

Multi Cap Balanced Fund
Benchmark Returns: 55% NIFTY 500 & 45% CRISIL Composite Bond Fund Index
Active Asset Allocation Balanced Fund
Benchmark Returns: 50% BSE 100 + 50% CRISIL Composite Bond Fund Index

DEBT

Income Fund
Benchmark Returns: CRISIL Composite Bond Fund Index
Money Market Fund
Benchmark Returns: CRISIL Liquid Fund Index
Secure Opportunities Fund
Benchmark Returns: 80% CRISIL AAA Medium Term Corporate Bond Index + 20% CRISIL AA+ Medium Term Corporate Bond Index

 

 

1Excluding taxes and Top-up Premium Allocation Charges.

2Value Benefit is 5% of the annual premium and will be added to the fund value as extra units on receipt of 2nd year’s premium for Premier Plan and on receipt of 2nd year and 6th year’s premiums for Exclusive Plan. For non-annual modes of premium payment, value benefit will be added as and when modal premiums are received for Premier and Exclusive plan option.

Policy Year Plan option
Premier Exclusive
2 5% 5%
6 - 5%

Value Benefit in 6th policy year is not applicable for premium payment term of 5 years.
Value Benefit is not applicable for Single Pay policies and on top-up premiums.
Value Benefit 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.

3Wealth 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. It will be allocated as extra units at the end of every 5th policy year starting from the end of 10th policy year till the end of your policy term as below:

Premium payment term Wealth Booster
End of 10th year End of every 5 years starting from 15th year
5 years 0% 1.00%
7 years 0.50% 1.75%
10 years and above 1.50% 2.75%
Single Pay 1.50% 1.50%

If the premium payment is discontinued anytime after 5 years but before 7 years, premium payment term of 5 years will be considered for the purpose of deciding Wealth Boosters to be paid for the rest of the policy term as per the table above. If premium payment is discontinued anytime after 7 years but before 10 years, premium payment term of 7 years will be considered for the purpose of deciding Wealth Boosters to be paid for the rest of the policy term as per the table above.

4Tax benefits under the policy are subject to conditions under Section 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.

*Switches are not applicable for other portfolio strategies.

Fund name SFIN
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

UIN: 105L177V01. W/II/3490/2018-19

Back to Top