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
On maturity, Ashok will get returns according to the performance of funds he had invested in.
Amount of single premium: `1,00,000
Sum Assured: `10,00,000
Age at entry: 30 years
Policy term: 10 years
| Assumed investment returns → | @ 4% ARR` | @ 8% ARR` |
| Fund Value at Maturity → | `1,20,285 | `1,76,531 |
`ARR: Assumed Rate of Return
Note: As per IRDAI guidelines, returns are shown at 4% p.a. and 8 p.a.:
For this example, we have assumed that the investment is done in the Maximiser Fund V (SFIN: ULIF 114 15/03/11 LMaximis5 105)
In case of Ashok's death during policy term, Ashok's nominee will receive the death benefit as a lump sum payout.
| Year of death | Death Benefit paid out to nominee | |
|---|---|---|
| @ 4% ARR` | @ 8% ARR` | |
| 5 | `10,00,000 | `10,00,000 |
| 10 | `10,00,000 | `10,00,000 |
`ARR : Assumed Rate of Return
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.
On maturity, Divya will get returns according to the performance of funds she had invested in.
Amount of single premium: `1,00,000
Sum Assured: `10,00,000
Age at entry: 30 years
Policy term: 10 years
| Assumed investment returns | @ 4% ARR` | @ 8% ARR` |
| `Fund Value at Maturity | `1,20,670 | `1,76,956 |
`ARR: Assumed Rate of Return
Note: As per IRDAI guidelines, returns are shown at 4% p.a. and 8 p.a.:
For this example, we have assumed that the investment is done in the Maximiser Fund V (SFIN: ULIF 114 15/03/11 LMaximis5 105)
In case of Divya's death during policy term, Divya's nominee will receive the death benefit as a lump sum payout.
| Year of death | Death Benefit paid out to nominee | |
|---|---|---|
| @ 4% ARR` | @ 8% ARR` | |
| 5 | `10,00,000 | `10,00,000 |
| 10 | `10,00,000 | `10,00,000 |
`ARR : Assumed Rate of Return
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
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
