Single premium plan that offers financial protection with the potential to grow your money.

 

ICICI Pru1 Wealth is more than a life insurance plan. With just a single premium payment, you can get 100% of your money invested in funds of your choice. You get 7 fund choices i.e. 3 equity funds, 3 debt funds and 1 balanced fund and can switch between these funds anytime, at no extra cost.

This plan gives you the potential for better returns by investing in the market, while protecting your family with life cover2. You will also get tax benefits on premium paid and benefits you receive. By choosing this plan, you can join thousands of our customers who have invested in our funds to achieve their future goals.

 
 
 
 
 

8 BENEFITS OF ICICI PRU1 WEALTH

 
 

 

 

HOW IT WORKS

 

Men Icon

Ashok is a 30 year old male who purchased ICICI Pru1 Wealth with a policy term of 10 years. Ashok 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 male life with 100% of his 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.
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.
 
 
 
 
 

4 SIMPLE STEPS TO BUY ONLINE

 
 

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 - High Growth & Risk

Maximiser V Fund
Benchmark Returns: S&P BSE 100
Value Enhancer Fund
Benchmark Returns: NIFTY NEXT 50 Index
Multi Cap Growth Fund
Benchmark Returns: NIFTY 500

BALANCED - Growth & Safety

Multi Cap Balanced Fund
Benchmark Returns: 55% NIFTY 500 & 45% CRISIL Composite Bond Fund Index

DEBT - Returns & Security

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

THINGS YOU NEED TO KNOW

 
 

What is the premium payment option in this plan?

ICICI Pru1 Wealth is a single premium payment life insurance plan that allocates 100% of your investment amount in the funds of your choice while providing a life insurance cover. So, pay just once and enjoy the benefits for a long term!

What are the policy terms available in the plan?

ICICI Pru1 Wealth has two policy terms i.e. 5 & 10 years. You can choose the policy term which will support your plans to achieve your financial goals.

How much premium do I have to pay?

Premium for ICICI Pru1Wealth starts at `50,000/- per annum. There is no limit on maximum investment amount.

What is the minimum and maximum entry age for this plan?

Minimum age at entry: 8 years

Maximum age at entry: 60 years

How much Life Cover I will get?

Age at entry last birthday

Minimum Sum Assured

Maximum Sum Assured

<= 50 years 1.25 times Single Premium 10 times Single Premium
>50 years 1.10 times Single Premium

1.10 times Single Premium

What is Automatic Transfer Strategy?

Automatic Transfer Strategy(ATS) helps eliminate the need to time your investment by giving you benefit of rupee cost averaging. If this option is chosen, you can invest all or some part of your investment in Income Fund or Money Market Fund and transfer a fixed amount in regular monthly instamlents into any one of the following funds: Maximiser V, Multi Cap Growth Fund or Value Enhancer Fund. There would be no additional charges for ATS. The following conditions apply to ATS.

  • The minimum transfer amount under ATS is Rs. 2,000.

  • This transfer will be done in equal instalments in not more than 12 monthly instalments.

  • ATS would be executed by redeeming the required number of units from fund chosen at the applicable unit value and allocating new units in the destination fund at the applicable unit value.

  • At inception, you can opt for a transfer date of either the first or fifteenth of every month. If the date is not mentioned the funds will be switched on the first day of every month. If the first or the fifteenth of the month is a non-valuation date, then the next working day’s NAV would be applicable.

 

How can I invest my surplus money in the plan?

Top-up

You can invest any surplus money as Top-up premium, over and above the base premium, into the policy. This feature is available only for policy term of 10 years.

The following conditions apply on Top-ups:

  • The minimum Top-up premium is Rs. 2,000.

  • Your Sum Assured will increase by Top-up Sum Assured when you make a Top-up. Each top-up premium will be treated as Single Premium payment for determining Top-up Sum Assured.

  • Top-up premiums can be paid any time except during the last five years of the policy term, subject to underwriting.

  • A lock-in period of five years would apply for each Top-up premium for the purpose of partial withdrawals only.

  • At any point during the term of the policy, the total Top-up premiums paid cannot exceed the base premium of the policy.

  • The maximum number of top-ups allowed during the policy term is 99.

What are unlimited free switches between funds?

You can switch units from one fund to another depending on your financial priorities and investment outlook as many times as you want.This benefit is available to you without any charge. The minimum switch amount is Rs. 2,000

 

 

1 The company will allocate extra units at the end of the policy term, provided monies are not in the DP fund. Wealth Booster 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. The allocation of Wealth Booster units is guaranteed and shall not be revoked by the Company under any circumstances.

Policy Term 5 Years 10 Years
Wealth Booster 2.50% of Single Premium 2.75% of Single Premium
For 10 year policy term, wealth booster will be 2.75% of single premium including top up premiums less partial withdrawals if any.

2 Sum Assured multiples in between the minimum and maximum limits are not available

Age at entry last birthday Minimum Sum Assured Maximum Sum Assured
<= 50 years 1.25 times Single Premium 10 times Single Premium
>50 years 1.10 times Single Premium 1.10 times Single Premium

3 Tax benefit of `46,800 is calculated at highest tax slab rate of 31.2% (including Cess excluding surcharge) on life insurance premium u/s 80C of `1,50,000. Tax benefits under the policy are subject to conditions under Section 80C, 80D, 10(10D) and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.

4 Nothing herein contained shall operate to destroy or impede the right of any creditor to be paid out of the proceeds of any policy of assurance, which may have been effected with intent to defraud creditors. In case of any third party claim in the Courts of India with regards to the insurance proceeds, the amount shall be subject to the judiciary directions. Please seek professional legal advice for the applicability of this provision.

` If the policy offers guaranteed returns, then these will be clearly marked “guaranteed” in the Benefit Illustration. Since the policy offers variable returns, the given illustration shows two different rates of assumed future investment returns. The returns shown above are not guaranteed and they are not the upper or lower limits of what you might get back, as the maturity value of policy depends on a number of factors including future investment performance.

Fund name SFIN
Maximiser Fund V ULIF 114 15/03/11 LMaximis5 105
Multi cap Growth Fund ULIF 085 24/11/09 LMCapGro 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
Value Enhancer Fund ULIF 139 24/11/17 VEF 105
Secure Opportunities Fund ULIF 140 24/11/17 SOF 105

UIN:105L175V01. Advt. No.: W/II/2387/2018-19

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