Question 1

What are the benefits I get in this plan?

Accepted Answer

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 the 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 the following benefits in case of your unfortunate demise:
- Life cover¹ – Life cover amount (sum assured) will be paid to the 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 the 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 a 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 the fund from the end of the 10^th policy year.
Systematic withdrawals - Option to get regular money from your fund value with the Systematic Withdrawal Plan.
Quick & Safe buying process - Buying this plan online is completely safe, secure, and 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 visiting the branch for any of your concerns.

Question 2

What are the tax* benefits in this plan?

Accepted Answer

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.

Question 3

Can I buy this plan online?

Accepted Answer

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

The key benefits of buying this plan online are-

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

Question 4

How are my returns calculated?

Accepted Answer

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)

Question 5

Who will manage my investment?

Accepted Answer

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- https://www.iciciprulife.com/fund-performance/all-products-fund-performance-details.html?UID=1203

Question 6

At what age can I start and close this plan? What PPT and Policy term options are available in this plan?

Accepted Answer

Min/Max age of entry – 18/50 years, Min/Max age at maturity – 38/65 years.

Premium payment terms:

Minimum:

Age at Entry	Minimum Premium Payment Term
≤ 45 years	5 years
> 45 years	7 years

Maximum: 15 years

Policy terms: 15 to 25 years

Question 7

Can I surrender this plan?

Accepted Answer

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.

Question 8

What happens if I discontinue paying premiums?

Accepted Answer

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

Question 9

Can I withdraw money from this plan before maturity?

Accepted Answer

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

Question 10

Can I switch⁵ my investment from one fund to another before Maturity?

Accepted Answer

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.

Question 11

Can I cancel this plan post purchase?

Accepted Answer

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.

Question 12

What are the charges in this plan?

Accepted Answer

A) The basic charges included in the plan are as below:

Policy Administration Charges – Policy Administration Charges are levied every month by redemption of units.
Mortality Charges – Mortality charges are charged for the insurance cover opted and are levied every month by redemption of units based on the Sum at Risk.

Fund Management Charges – The fund management charges are charged as a percentage of the Fund Value and will be adjusted from the NAV on a daily basis.

Create wealth with Goal Assurance¹⁴

Create wealth withGoal Assurance¹⁴

Smart benefits for your family in your absence

Signature Assure ULIP calculator

Steps To Buy

Funds Performance

₹ 10,000 P.a for 12 years

Busting some myths about unit-linked plans

Frequently Asked Question

What are the benefits I get in this plan?

What are the tax* benefits in this plan?

Can I buy this plan online?

How are my returns calculated?

Who will manage my investment?

At what age can I start and close this plan? What PPT and Policy term options are available in this plan?

Can I surrender this plan?

What happens if I discontinue paying premiums?

Can I withdraw money from this plan before maturity?

Can I switch⁵ my investment from one fund to another before Maturity?

Can I switch⁵ my investment from one fund to another before Maturity?

Can I cancel this plan post purchase?

What are the charges in this plan?

Create wealth with Goal Assurance14

Create wealth withGoal Assurance14

Smart benefits for your family in your absence

Signature Assure ULIP calculator

Steps To Buy

Funds Performance

₹ 10,000 P.a for 12 years

Busting some myths about unit-linked plans

Frequently Asked Question

What are the benefits I get in this plan?

What are the tax* benefits in this plan?

Can I buy this plan online?

How are my returns calculated?

Who will manage my investment?

At what age can I start and close this plan? What PPT and Policy term options are available in this plan?

Can I surrender this plan?

What happens if I discontinue paying premiums?

Can I withdraw money from this plan before maturity?

Can I switch5 my investment from one fund to another before Maturity?

Can I switch5 my investment from one fund to another before Maturity?

Can I cancel this plan post purchase?

What are the charges in this plan?

Create wealth with Goal Assurance¹⁴

Create wealth withGoal Assurance¹⁴

Can I switch⁵ my investment from one fund to another before Maturity?

Can I switch⁵ my investment from one fund to another before Maturity?