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IN ULIPS, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDERU
The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year
Create market-linked wealth
Goal protection in case of any unfortunate event
Tax* benefits
Easy access to funds when needed
View all benefits
Create market-linked wealth
Goal protection in case of any unfortunate event
Tax* benefits
Easy access to funds when needed
Loyalty additions4
Easily adapt to market conditions
Plan starts at just ₹2,500 p.m. Invest Now!
Signature Assure ULIP calculator
What is Signature Assure?
Signature Assure is a unique ULIP designed to help you grow your wealth while safeguarding14 your future goals. With 23 diverse funds to choose from, it provides market-linked returns to help you achieve your financial aspirations. It also ensures your loved ones are protected through life cover1 payout, premium waiver2 in your absence, and a steady income benefit3 option. It also gives you the accumulated returns, upon maturity.
Steps to Buy
Choose premium amount
Select your choice of funds
Make a
payment
Policy
Issued
How the plan works?
One plan, multiple objectives
Loading Fund Performance#...
The above mentioned benchmark is the benchmark used by the company to track the performance of the funds.
Plan Snapshot
Min. premium
Policy term 15 – 19 (48,000 p.a.), 20 – 25 (30,000 p.a.)
Accidental death11 and disability12 rider
Get additional coverage in case of death/disability due to accident
Loyalty additions4
2.5% of fund value added once every fifth year from 10th year
Premium payment term
minimum: 5 years, maximum: 15 years
Policy term
Minimum: 20 years, maximum: 25 years
Goal protection
Wealth creation
Busting some myths about
unit-linked plans
ULIPs are not risky
With market-linked returns, freedom to switch5 freely, life cover1 and tax*-benefits. ULIPs provide you both flexibility and balance of returns and protection
ULIPs provide liquidity
Whenever there is any emergency after the lock-in period, ULIPs allow you to withdraw funds. You can also get it systematically as income
ULIPs provide flexibility
Apart from option to choose between 23 funds, ULIPs also provide facility to switch5 between them freely
ULIPs do not have high charge
ULIP charges are now competitive with other financial instruments, with IRDAI capping overall costs at 2.25%
Why choose ICICI Prudential Life?
9.69 Cr8
Lives covered as
on March 31, 2024T
on March 31, 2024T
₹2.76 Lakh Cr9
Benefits paid till
March 31, 2024`
March 31, 2024`
₹2.94 Lakh Cr10
Assets under
management as on
March 31, 202418
management as on
March 31, 202418
1 Day<
Death Claim Settlement
Frequently Asked Questions
What are the benefits I get in this plan?
The ICICI Pru Signature Assure plan is a systematic wealth creation plan which can be purchased online to achieve your long-term financial goal. Some unique benefits of this plan are-
- Wealth creation opportunity- The plan offers an opportunity to create wealth over long-term for your goal with the combination of equity, debt and balanced fund options available
- Goal protection – Your goals are secured even in your absence. You get following benefits in case of your unfortunate demise
- Life cover1 – Life cover amount (sum assured) will be paid to nominee
- Future secure – Future premiums are waived2 off by the company
- Family income3 benefit – The nominee would also get an annual income3 every year till the end of policy term
- Maturity benefit – The nominee will also get the maturity benefit, which is the prevailing fund value at maturity
- Flexibility- Choice of 4 portfolio strategies and wide range of funds across equity, balanced, and debt to suit your investment needs
- Free Switches5- Switch between the funds as many times for Fixed Portfolio Strategy, completely free of cost.
- Tax*-benefits- Avail tax* benefits on the premiums paid u/s 80C and benefits received u/s 10(10D) of Income Tax Act, 1961
- Loyalty additions4 – Fund boosters worth 2.5% of fund value will be added to fund from end of 10th policy year
- Systematic withdrawals- Option to get regular money from your fund value with Systematic Withdrawal Plan
- Quick & Safe buying process- Buying this plan online is completely safe, secure & convenient. It takes only 10-15 minutes to fill the form & do the payment. You can also talk to our experts on toll-free no. 1800 209 9777 for any queries
- Online servicing- The entire servicing of this plan can be done online or through our official app. This saves your time to visit the branch for any of your concerns
What are the tax* benefits in this plan?
A) ICICI Pru Signature Assure plan offers 2 types of tax-benefits* to our customers-
- Tax* benefits on premiums paid u/s 80C of Income Tax Act, 1961.
- Tax* benefit on maturity or death proceeds subject to Section 10(10D) of Income Tax Act 1961.
Can I buy this plan online?
The ICICI Pru Signature Assure plan can be easily bought online in 4 simple steps-
- Choose your premium amount
- Select your choice of funds
- Make a safe payment online
- Get a digital welcome kit delivered once the policy is issued
- Paperless and convenient buying journey
- Quick digital documentation process
- Toll-free call-based assistance for any queries - 1800 209 9777
- 30 days free-look period to review your policy details
How are my returns calculated?
ICICI Pru Signature Assure aims to achieve market-linked returns from a diversified portfolio of equity, debt & balanced. The customer has the flexibility to choose his portfolio strategy & the funds depending upon his/her risk appetite
Unit Pricing: The NAV for different Segregated Funds shall be declared on all business days (as defined in Investment Regulations)
Unit Pricing: The NAV for different Segregated Funds shall be declared on all business days (as defined in Investment Regulations)
Who will manage my investment?
A). Your investments will be actively managed by our dedicated & experienced fund managers. You can get the entire details about the fund performance on our official website or the link provided here- /fund-performance/all-products-fund-performance-details.html?UID=1203
At what age can I start and close this plan? What PPT and Policy term options are available in this plan?
Min/Max age of entry – 18/50 years, Min/Max age at maturity – 38/65 years.
Premium payment terms:
Minimum:
Maximum – 15 years,
Policy terms – 20 to 25 year
Premium payment terms:
Minimum:
| Age at Entry | Minimum Premium Payment Term |
|---|---|
| ≤ 45 years | 5 years |
| > 45 years | 7 years |
Policy terms – 20 to 25 year
Can I surrender this plan?
Yes. The customer can surrender this plan if required. However, depending upon the year of the policy you wish to surrender the surrender benefits will be applicable as below,
- If you wish to surrender during the lock-in period i.e. first five policy years, the Funds will be transferred to the Discontinued Policy (DP) Fund and will be received by you or the nominee after five years.
- On surrender after completion of the fifth policy year, you or the nominee will be entitled to the Fund Value including Top-up Fund Value if any
What happens if I discontinue paying premiums?
A). In case of discontinuance of policy due to non-payment of premiums during the first five policy years, upon the expiry of grace period, the Fund Value including Top-up Fund Value, if any, shall be credited to the DP Fund after deduction of applicable discontinuance charges and the risk cover shall cease. It will continue to remain in the DP fund till the policy is revived by paying due premiums
Can I withdraw money from this plan before maturity?
A) Partial withdrawals are allowed after the completion of five policy years provided funds are not in DP Fund. You can make unlimited number of partial withdrawals as long as the total amount of partial withdrawals in a year does not exceed 20% of the Fund Value in a policy year. The partial withdrawals are free of cost. DP Funds refer to Discontinued Policy fund and consist of money from lapsed policies.Systematic Withdrawal Plan (SWP)- This facility allows you to withdraw a pre-determined percentage of your fund value regularly. This can help you to meet specific needs such as child’s education or money for day-to-day expenses during retirement
Can I switch5 my investment from one fund to another before Maturity?
A). In ICICI Pru Signature Assure plan, if you choose the Fixed Portfolio Strategy, you can switch units from one fund to another as many times as you want as per your financial priorities and investment opportunities. This benefit is available to you completely free of cost. The minimum switch amount is ₹2,000. Note-Switches are not applicable to other portfolio strategies.
Can I cancel this plan post purchase?
A) You have a period of 30 days to review your original policy document from the date of receipt if you have purchased the policy online. If you are not satisfied with the terms and conditions of your policy, you can return it to us for cancellation and you will be eligible for a refund. This will be mentioned in your policy certificate. Once received, we will process your request and refund the premium amount after applicable deductions (if any) within 15 days.
What are the charges in this plan?
A) The basic charges included in the plan are as below-
- Policy Administration Charges- Policy Administration Charge are levied every month by redemption of units
- Mortality charges- Mortality charges are charged for the insurance cover opted & are levied every month by redemption of units based on the Sum at Risk.
Disclaimer
IN ULIPS, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDERU
The Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender or withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year
URisk factors and warning statements
- Linked insurance products/ annuity products with variable pay-out options are different from traditional insurance products and are subject to the risk factors.
- The premium paid in linked insurance policies or the annuity offered under the annuity policies with variable annuity pay-out option are subject to investment risks associated with capital markets and publicly available index. The annuity amount/ NAVs of the unis may go up or down based on the performance of fund and factors influencing the capital market/ publicly available index and the insured is responsible for his/her decisions.
- ICICI Prudential Life Insurance in only the name of the Life Insurance Company and ICICI Pru Signature Assure is only the name of the linked insurance contract and does not in anyway indicate the quality of the contract, its future prospects or returns.
- Please know the associated risks and the applicable charges, from your insurance agent or intermediary or policy document issued by the insurance company.
- The various funds offered under this contract are the names of the funds and do not in any way, indicate the quality of these plans, their future prospects and returns
*Tax benefits under Section 80C is calculated at tax rate of 31.20% (including Cess excluding surcharge) on life insurance premium under Section 80C of ₹1,50,000/-. Further Tax benefits under Section 10(10D) is calculated at 13 % (Including Cess excluding surcharge) on proceeds without considering benefits of Rs. 125,000 As per section 112A of Income Tax Act 1961.
Tax benefits under the policy are subject to conditions under Sections 80C, ,10(10D), 115BAC and other provisions of the Income Tax Act,1961. Goods and Services tax and Cesses, if any will be charged as per prevailing rates. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details
1Life cover is the benefit payable on death of the life assured during the policy term.
2Future Secure benefit is only applicable if all the due premiums have been paid till the date of death of Life Assured
3Family Income benefit option is an amount equal to a percentage of the Sum Assured, payable every year on policy anniversary till the end of policy term
4Loyalty additions equal to 2.5% of the average of the Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters will be allocated as extra units to your policy at the end of every 5th policy year starting from the end of 10th policy year till the end of your policy term
5 Switches are only applicable for fixed portfolio strategy and not applicable for other portfolio strategies.
6Calculated for a 35-year-old healthy male with a premium paying term of 10 years and a policy term of 20 years for limited pay option. The premium shown is exclusive of taxes and the mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.
7Calculated for a 35-year-old healthy male with a premium paying term of 10 years and a policy term of 20 years for limited pay option along with family income option with income as 10% of sum assured. The premium shown is exclusive of taxes and the mentioned benefit is payable only if all premiums are paid as per the premium paying term and the policy is in force till the completion of entire policy term opted.
89.69 Cr lives covered across our individual and group customers as per ICICI Prudential Life Council Report.
9As per Financial Statements (Schedule 4- Benefits paid (Gross)) of the company, benefits paid since inception up to March 31, 2024.
10Data regarding AUM is as per Annual Report of the Company for FY2024
13For the purpose of partial withdrawals, lock in period for the Top-up premiums will be five years or any such limit prescribed by IRDAI from time to time. Partial withdrawals will be made first from the Top-up Fund Value (if any) which has completed the lock in period, as long as it supports the partial withdrawal, and then from the Fund Value built up from the base premium(s). In case of minor lives, partial withdrawal can be done only after the auto vesting of the policy
14In case of unfortunate demise of policyholder, sum assured amount will be paid out, all payable premiums will be waived off and nominee can even get a regular income till end of policy term. On policy maturity, fund value will be disbursed. In this way, your goals are assured even in your absence
**ARR : Assumed Rate of Return. For the purpose of illustration, the Company has assumed 8% and 4% as rates of investment returns. The returns shown in the illustration are not guaranteed and they are not the upper or lower limits that you may get. As the value of the policy depends on a number of factors including future investment performance.
<ClaimForSure: 1 Day Death Claim Settlement is available for the following:
a) Policies that have been active for 3 consecutive years. All due premiums in the policy have been paid and the policy has been active for 3 consecutive years preceding life assured's death.
b) All mandatory claim documents are submitted at the branch. Mandatory documents to be submitted at Branch Office-Claimant statement form,Original policy certificate,Copy of death certificate issued by local authority, AML KYC documents-Nominee's recent photograph, Copy of Nominee's pan card,Nominee's current address proof, photo identity proof, Cancelled cheque/Copy of bank passbook,Copy of medico legal cause of death,Medical records (Admission notes,Discharge/Death summary,Test reports, etc). For accidental death-Copy of FIR, Panchnama,Inquest report,Postmartem report,Driving license.
c) Total claim amount of all the life policies held by the Life Assured <=₹ 1.5 Crore.
d) Claim does not require any on-ground investigation.
#Past performance is not indicative of future performance
| Fund names | SFIN |
|---|---|
| Mid Cap Hybrid Growth Fund | ULIF 147 050123 MCHybrdGrt 105 |
| Mid Cap Fund | ULIF 146 28/06/22 MidCapFund 105 |
| Mid Cap Index Fund | ULIF 149 050723 McIndxFund 105 |
| India Growth Fund | ULIF 141 04/02/19 IndiaGrwth 105 |
| Maximiser Fund V | ULIF 114 15/03/11 LMaximis5 105 |
| Focus 50 Fund | ULIF 142 04/02/19 FocusFifty 105 |
| Value Enhancer Fund | ULIF 139 24/11/17 VEF 105 |
| MidSmall Cap 400 Index Fund | ULIF 153 150424 MidSmal400 105 |
| Opportunities Fund | ULIF 086 24/11/09 LOpport 105 |
| Multi Cap Growth Fund | ULIF 085 24/11/09 LMCapGro 105 |
| Maximise India Fund | ULIF 136 11/20/14 MIF 105 |
| Bluechip Fund | ULIF 087 24/11/09 LBluChip 105 |
| Multi Cap Balanced Fund | ULIF 088 24/11/09 LMCapBal 105 |
| Balanced Advantage Fund | ULIF 144 03/06/21 BalanceAdv 105 |
| Sustainable Equity Fund | ULIF 145 03/06/21 SustainEqu 105 |
| Active Asset Allocation Balanced Fund | ULIF 138 15/02/17 AAABF 105 |
| Income Fund | ULIF 089 24/11/09 LIncome 105 |
| Money Market Fund | ULIF 090 24/11/09 LMoneyMkt 105 |
| Secure Opportunities Fund | ULIF 140 24/11/17 SOF 105 |
| Constant Maturity Fund | ULIF 148 050123 ConstntMat 105 |
| Mid Cap 150 Momentum 50 Index Fund | ULIF 151 180124 McMomentum 105 |
| Multicap 50 25 25 Index Fund | ULIF 152 220224 MultiCapIF 105 |
| MidSmallCap 400 Momentum Quality 100 Index Fund | ULIF 156 251024 MscMomQual 105 |
ICICI Prudential Life Insurance Company Limited. IRDAI Regn No. 105. CIN: L66010MH2000PLC127837. ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai-400025. For more details on the risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale. For enquires related to new policies purchased online, please call us on 1-860-266-7766 and select option 4 on our Interactive Voice System. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. ICICI Pru Signature assure UIN : 105L196V01, Advt. No.: W/II/1372/2024-25
Rider Disclaimer
11Accidental death benefit option: If the life assured covered by this benefit option passes away, due to an accident which happens within the coverage term, the Accidental Death Sum Assured will be paid out as a lump sum to the nominee. This amount will be payable if the accident occurs within the coverage term set under this benefit option, but death occurs beyond the Coverage term (however within 180 days from the date of the accident), provided the option is in-force or in grace period at the time of accident. On payment of the Accidental Death Sum Assured to the Claimant, the benefit option will terminate and all rights, benefits and interests under the option will stand extinguished.
12Accidental total and permanent disability benefit option: If the life assured covered by this benefit option become totally, continuously, and permanently disabled as a result of accident i.e., Accidental Total Permanent Disability and meets any of 3 clauses as defined in the policy document, the Accidental Total and Permanent Disability Sum Assured will be paid out as a lump sum to the nominee. On payment of the Accidental total and permanent disability Sum Assured to the Claimant, the benefit option will terminate and all rights, benefits and interests under the option will stand extinguished. For more details, kindly refer to the Rider policy document.
ICICI Pru Non-Linked Accidental Death and Disability Rider. UIN: 105B042V01.
Plan benefits
How the Plan Works?
FAQ’s
Myth Buster
Benefits
Create market-linked wealth
Earn market-linked returns by investing among 23 funds, including index funds. Click here to check our fund performance
Goal protection in case of any unfortunate event
In case of an unfortunate event, life cover1 amount will be paid and the company waives2 off all future premiums and nominee will get regular income3 till policy ends. Also, fund value will be disbursed at end of policy term
Tax* benefits
Avail tax* benefits on premiums paid u/s 80C and benefits received u/s 10(10D) of Income tax act, 1961
Easy access to funds when needed
Get withdrawals13 from your fund in case of emergencies
Loyalty additions4
Earn more with loyalty additions of 2.5% of your fund value, every fifth year from 10th policy year
Easily adapt to market conditions
Stay worry-free in any market scenario with the flexibility to switch5 your earnings between any of the funds available, free of cost