Potential to maximise your investments
with life cover to protect your family

• Complete financial protection: The life cover component financially secures your goals and provides your family a lump sum payout when you are no longer around
• Investment flexibility: You can choose to invest in equity, balanced & debt funds
• Tax benefits: Helps you save up to Rs. 54,600^# per year on taxes

If you want to manage your funds then you can opt for this portfolio strategy. This strategy lets you choose from 22 funds ranging between equity, balanced and debt markets.

If you are looking to invest in this plan without having to worry about selecting from 22 funds then you can opt for this strategy. This strategy automatically allocates your money between two funds as per your age and ensures you always have the right balance between growth and security.

If you are willing to invest a large part of your money in a fund with moderate risk return profile then you should opt for this strategy. Initially this strategy allocates 75% of your money in Multi Cap Growth fund (equity fund) and the remaining 25% in Income Fund (debt fund). The fund allocation may subsequently get altered due to market movements. We will re-balance funds in the portfolio based on a pre-defined trigger event.

If you are sure about your asset allocation and want to maintain this irrespective of market movements then this is the strategy for you. Here you can allocate your premiums between any two funds in the proportion of your choice. Your portfolio will be rebalanced every quarter to ensure that this asset allocation is maintained.

Yes, you can change the portfolio strategy up to 4 times in one year and this facility is provided free of cost.

ULIP (Unit Linked Insurance Plan) plans have the potential to deliver good returns over a period of time, hence it is advisable to stay invested in our plans for at least 10-15 years.

We encourage our customers to make an informed decision only after studying the performance of various funds since their respective date of inception.

See past performance of the funds.

The returns of ICICI Pru Lifetime Classic are not fixed and vary on the performance of the funds you choose. As a safe investor you want to invest your hard earned money in instruments that provide you stable returns. This plan has funds that invest in various fixed income instruments like Government Securities/ T Bills, AAA Corporate Securities, Fixed Deposits, Corporate Money Market Securities, etc. These instruments seek to provide capital appreciation while maintaining a suitable balance between return and safety.

ICICI Pru Lifetime Classic plan has 14 equity, 4 debt and 4 balanced funds for you to choose from . The equity funds like Maximizer V invests in blue chip companies like HDFC bank, Infosys, ONGC, ITC, etc. Debt funds like Income fund seek to strike the right balance between return, safety & liquidity by investing in Government Securities, Fixed Deposits, AAA Corporate Securities, etc.

A strict discipline is to maintain these funds.

There are set benchmarks for various unit-linked funds. Any strict deviation in these limits vis-à-vis benchmarks is monitored to ensure that undue exposure in any particular sector or stock is not taken

The Insurance Regulatory and Development Authority of India (IRDAI) makes it mandatory for every life insurance company to show future returns at an assumed rate of return of 4% and 8% irrespective of the actual fund performance. That is why the benefit illustration shows returns at 4% and 8% even though our funds have generated higher returns in the past.

Click here to check the actual returns generated from our funds in the past.

Limited Pay and Regular Pay :

Maximum sum assured multiples

Single Pay:

1. If your age at the time of buying the plan is less than 50 years: Your nominee will get the higher of Sum Assured AND Fund Value OR the Minimum death benefit.
2. If your age at the time of buying the plan is greater or equal to 50 years: Your nominee will get the higher of Sum Assured OR Fund Value OR the Minimum death benefit.

Your nominee will get the higher of Sum Assured OR Fund Value OR the Minimum death benefit

Minimum death benefit will be 105% of the total premiums paid including Top-up premiums

Yes, you have the option to partially withdraw your money after the 5th policy year. You can withdraw up to 20% of the fund value in a policy year. You can use this feature in the form of an emergency fund that you may use in an uncertain event in life.

No, you cannot withdraw the money before the completion of 5 policy years.

Single pay - 1 year

Regular/Limited Pay - 7 to 30 years

In order to avail tax benefits on the premium paid and on the maturity amount, the sum assured needs to be atleast 10 times the annual premium. You can avail tax benefits U/S 80C for the premiums paid and U/S 10(10D) of the Income Tax Act (1961) for the maturity amount. Tax benefits are subject to conditions of section 80C, section 10(10D) and other provisions of Income Tax Act (1961).

Yes, you can avail tax benefits on the premiums paid towards life insurance policies under section 80C of the Income Tax Act (1961). Up to Rs. 1,50,000 is deductible from taxable income towards life insurance policy premium paid.

The amount received under Life Insurance policy is tax-free subject to conditions of Section 10(10D) of the Income Tax Act (1961).