Why is ICICI Pru Guaranteed Wealth Protector special?

You can enjoy the opportunity to get potentially better returns and grow your money by investing in mix of equity and debt. This combination helps you beat inflation while protecting your investments.

How does a mix of equity and debt beat inflation?

Inflation is the rate at which the price of goods and services increases over a period of time. For example, the average price of petrol has increased from `40 in 2005 to `62 in 2015 as a result of inflation over the same period*.

On the other hand, savings rate is the rate at which your savings grow. To gain from your investments, your savings rate should be higher than the inflation rate.

In order to get better returns in the long run, it is advisable to have exposure to equity. Although equity markets are subjected to short term market volatility, the impact of this short term volatility on long term investments made to equity funds in ULIPs is negligible.

Below is an example of how investing in a mix of equity and debt can help in building your savings, while protecting your investment over the long run.

If 60% of your money was invested in the equity market and 40% in debt market## in the last 10 years, your investment would have grown by around 12% on an annualized basis. This growth would have helped you stay ahead of the inflation rate of about 6%# in the same period.

*As per the IOCL Petrol Prices in Delhi
#Source: Bloomberg - WPI inflation average of 10 years (from March 2005 to March 2015)
##Equity market: BSE 100; Debt market: CRISIL Composite Bond Index (from March 2005 to March 2015)

Along with the potential to give you better returns, this plan has been designed to protect your money. It does this by offering you capital guarantee on the money that you invest. The company guarantees that it will return a minimum amount called Assured Benefit.** At the time of maturity, company offers you higher of Assured Benefit or Fund Value amount.

How much Assured Benefit will I get?

In case your Fund Value* at maturity is less than the sum of premiums paid by you, the Assured Benefit** feature ensures that you receive 101% of all the premiums paid at the time of maturity. As a result, your money is protected as the company returns your invested money regardless of market ups and downs.

For example, if you invest `1,00,000 every year for 5 years, the company guarantees to return a minimum sum of `5,05,000.

**The Assured Benefit amount shown assumes all due premiums as per the premium payment term shown above are paid. On maturity, you will receive higher of Assured Benefit or fund value. Assured Benefit will be 101% of total premium paid which is applicable only on maturity of the policy and does not apply on death or surrender.You can utilise this benefit amount only as per the available options. Alternatively, you can choose to postpone your vesting date. 
*Fund Value is the total value of the money that is invested in a fund of your choice. This plan offers you Life Growth Fund (SFIN: ULIF 134 19/09/13 LGF 105) and Life Secure Fund (SFIN: ULIF 135 19/09/13 LSF 105) to choose from. For further details on these funds, please refer the product brochure.

To reward you for being a loyal customer, the company further adds to your savings with Loyalty Additions, which helps your wealth grow.

What are Loyalty Additions?

Each Loyalty Addition is equivalent to 0.25% of the average Fund Value*. Loyalty Additions will be added as extra units at the end of every policy year, 6th policy year onwards.

*Average of the Fund Values on the last business day of the last eight policy quaters.

The company also adds a Wealth Booster to your savings. This helps you grow your money without having to make any additional investments.

What is the value of Wealth Boosters that I will get?

At the end of the tenth policy year, Wealth Booster addition will be equal to 3.25% of the Fund Value average* for the Five Pay option and 1.5% for the One Pay option.

Is this a guaranteed feature of the product?

Yes, the allocation of Wealth Booster units is guaranteed.

*Fund Value is the total value of the money that is invested in a fund of your choice. This plan offers you Life Growth Fund (SFIN: ULIF 134 19/09/13 LGF 105) and Life Secure Fund (SFIN: ULIF 135 19/09/13 LSF 105) to choose from. For further details on these funds, please refer the product brochure.

ICICI Pru Guaranteed Wealth Protector provides you and your family all-round protection. In case an unfortunate event occurs during the policy term, your family receives a lump sum amount. This amount ensures that even in your absence, your loved ones are able to live the life you have planned for them.

How much money will my loved ones receive in my absence?

Your family will receive an amount that is the higher of:

  • A fixed amount, also called the Sum Assured

  • Minimum Life Cover equal to 105% of the total premiums paid

  • Fund Value that is the total value of the money that is invested in a fund of your choice+

+This plan offers you Life Growth Fund (SFIN: ULIF 134 19/09/13 LGF 105) and Life Secure Fund (SFIN: ULIF 135 19/09/13 LSF 105) to choose from. For further details on these funds, please refer the product brochure.

With this plan, you can reduce your taxable income by investing up to ` 1.5 lakh under Section 80C. This will help you save tax. What’s more, even shifting your money from equity to debt or debt to equity is completely tax-free*. The money you get on maturity is also tax-free*.

*Tax benefits under the policy are subject to conditions u/s 80C, 10(10D) and other provisions of the Income Tax Act, 1961. Applicable taxes will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time.

Product Snapshot

When you invest your hard-earned money, you hope to increase your potential returns to fulfil the dreams of your loved ones. ICICI Pru Guaranteed Wealth Protector ensures you enjoy potentially better returns while keeping your invested money safe.

Product at a Glance 

This plan allows you to choose the number of years for which you wish to pay premiums. You can opt for either the One Pay option (payment of premium once) or the Five Pay option (payment of premiums for 5 years).

How much premium can I pay?

You have to pay a minimum of `24,000 for the yearly premium payment mode and `48,000 for other modes. There is no upper limit on the premium that you can pay.

Can I pay the premiums yearly, half-yearly or monthly?

Yes, you can choose to pay your premiums yearly, half-yearly or monthly.

At what age can I start this plan?

You can start this plan from the age of 8 years. The maximum age should not exceed 60 years.

What age must I be at the time of maturity?

The minimum age you must be at the time of maturity of the plan is 18 years and the maximum age should not be more than 70 years.

How long will the policy last?

The policy will last for 10 years.

How much premium can I pay?

You have to pay a minimum premium of `48,000. There is no upper limit on the premium that you can pay.

Can I pay the premiums yearly, half-yearly or monthly?

No, you only need to pay your premiums once at the beginning of the policy in the One Pay option.

At what age can I start this plan?

You can start this plan from the age of 8 years. The maximum age should not exceed 70 years.

What age must I be at the time of maturity?

The minimum age you must be at the time of maturity of the plan is 18 years and the maximum age should not be more than 80 years.

How long will the policy last?

The policy will last for 10 years.

 

*ARR stands for Assumed Rate of Return.

These illustrations are for a healthy male. The above are illustrative maturity values, net of all charges, service tax and applicable cesses. The above illustrative maturity values do not apply if the policy is bought directly from the Company’s website. 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.

 

*ARR stands for Assumed Rate of Return.

These illustrations are for a healthy male. The above are illustrative maturity values, net of all charges, service tax and applicable cesses. The above illustrative maturity values do not apply if the policy is bought directly from the Company’s website. 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.

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

Life Growth Fund
Benchmark Returns: S&P BSE 100

DEBT

Life Secure Fund
Benchmark Returns: CRISIL Composite Bond Fund Index
Please note:
NA: Fund has not completed the stipulated time period
Returns greater than 1 year are annualized.
Past performance is not indicative of future performance

Food for Thought

Why ULIPs are one the best tax saving options?

Food for Thought

Why should ULIP be your go-to monthly investment option?

ICICI Pru Guaranteed Wealth Protector (UIN: 105L143V01)

Unlike traditional products, Unit Linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. The names of the Company, Product names or fund options do not indicate their quality or future guidance on returns. Funds do not offer guaranteed or assured returns.

This is only a provisional certificate and does not communicate acceptance or commencement of risk under proposal submitted by you. This document may be used as a proof for claiming deductions while filing your tax returns subject to provisions of relevant tax sections and acceptance of risk, i.e. on policy issuance by the company. For any confirmation / impact analysis customer is advised to refer the matter to his Tax consultant.

W/II/0426/2016-17

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