Since the fund value will depend on the performance of the fund, we have assumed that 100% of the premiums are paid in Maximiser V and the fund returns are also assumed at 4% p.a. and 8% p.a.
| Assumed investment returns5 | @ 8% ARR^ | @ 4% ARR^ |
|---|---|---|
| Fund Value at Maturity (in ₹) | `12,35,161 | `6,66,466 |
The returns shown in the benefit illustration i.e. 4% p.a. and 8% p.a. are not guaranteed and they are not the upper or lower limits of what Mr. Siddeshwar might get back, as the value of his policy depends on a number of factors including future investment performance.
Mr. Siddeshwar also has the option to receive the maturity benefit i.e. the Fund Value in the form of regular income for a period of one to five years instead of a one-time lump sum.
ICICI Pru EzyGrow at a glance
| Premium Payment Term (PPT in years) |
Policy Term (PT in years) |
Min/Max Age at Entry (in years) |
Min/Max Age at Maturity (in years) |
Minimum Premium (in ₹) |
Maximum Premium (in ₹) |
Min/Max Sum Assured (in ₹) |
|---|---|---|---|---|---|---|
| Limited Pay 5 to 15 | Max(PPT+5,10) to 40 | 0/55 | 18/75 | 12,000 p.a. | 100,000 p.a. | 7 times Annualized Premium /10 times Annualized Premium |
| Limited Pay – Whole Life option*: 7 to 15 | 99 minus age at entry | 18/99 | ||||
| Regular Pay | 15 to 40 | 18/75 |
