Prepare for long term milestones with
term milestones
with
India has seen a transformative economic growth in the past decade, with its GDP growing at an annual rate of 7.5%1. Stock market indices have mirrored a similar story by growing investor’s money at average annual growth rate of 15% in the past 5 years2 and 15.7% in the past 10 years2. As a part of India’s rising new generation, you want to participate in India’s growth story and realise the dreams you have for your loved ones and yourself.
Presenting ICICI Pru Platinum - a Unit-Linked, Savings, Life insurance plan, designed to grow your wealth to fulfil your long-term goals and safeguard your family with an adequate life cover, thereby ensuring a PLATINUM standard of life for your loved ones and you.
1The data provided above is for GDP growth rate and is as of December 2023. Source: www.worldeconomics.com
2The data provided above is for NIFTY 50 Index and is as of December 2023. Source: https://primeinvestor.in/nifty-50-returns/
KEY FEATURES OF ICICI PRU PLATINUM
Plan options:
Start your wealth creation journey with 4 simple steps:
Plan at a Glance:
| Plan Option | Premium Payment Term(in years) | Policy term(in years) | Minimum/ Maximum age at entry(in years) | Age at maturity (in years) | Minimum Premium |
|---|---|---|---|---|---|
| Growth Plus | 5 | 70 minus Age at entry | Minimum: 0 years Maximum: 50 years |
70 | Yearly: ₹ 60,000 Other than Yearly: ₹ 72,000 |
| 6 | 75 minus Age at entry | Minimum: 0 years Maximum: 50 years |
75 | ||
| 7 – 30 | 75 minus Age at entry | Minimum: 0 years Maximum: 60 years |
75 | ||
| Single Pay | 75 minus Age at entry | Minimum: 0 years Maximum: 60 years |
75 | ₹ 2,50,000 | |
| Protect Plus | 5 - 30 | 60 minus Age at entry | Minimum: 0 years Maximum: 45 years |
60 | Yearly: ₹ 60,000 Other than Yearly: ₹ 72,000 |
Premium Payment Option: Limited Pay – Maximum Premium Payment Term allowed will be Policy Term minus 1 years
Premium Payment Frequency: Annual, Half- yearly, Monthly
Maximum Premium/ Maximum Sum Assured: Subject to internal Company guidelines i.e., Board Approved Underwriting Policy (BAUP)
PERFORMANCE OF FUNDS`
| Fund Name (As on ) | Returns (p.a.) | Returns (p.a.) |
Inception Date |
|||||
|---|---|---|---|---|---|---|---|---|
| 1 Year | 2 Year | 3 Year | 4 Year | 5 Year | Since Inception | |||
Please note: NA: Fund has not completed the stipulated time period
Past performance is not indicative of future performance.
Maturity & Death Benefit
Maturity Benefit:-
i. Under both the Plan Options, on survival of the Life Assured till the Date of Maturity, we will pay the Fund Value to you, provided the Policy has not already been terminated
ii. On payment of Maturity Benefit to the Claimant, the Policy will terminate and all rights, benefits and interests under the Policy will be extinguished
Death Benefit:-
i. On the death of the Life Assured during the Policy Term provided the Policy is in-force and the monies are not in the Discontinued Policy Fund Death Benefit will be payable to the Claimant
ii. Death Benefit payable will depend upon the plan option chosen by the Policyholder and as mentioned in the policy schedule. Under Growth Plus plan option, Death Benefit payable will be the highest of:
- Assured, including Top-Up Sum Assured, if any
- Fund Value, as available on date of intimation of death or Date of Foreclosure or / Date of Maturity whichever is earlier
- Minimum Death Benefit. Under Protect Plus plan option, Death Benefit payable will be the highest of:
- Assured including Top-Up Sum Assured, if any + Fund Value, if any, as available on date of intimation of death or Date of Foreclosure or / Date of Maturity whichever is earlier
- Minimum Death Benefit.
iii. On death of the Life Assured, while monies are in the Discontinued Policy Fund, Death Benefit payable to the Claimant will be the proceeds of the Discontinued Policy Fund applicable to your Policy.
iv. In the event of death of the Life Assured on the Date of Maturity, only the Maturity Benefit (if applicable) is payable and the death benefit shall not be payable
v. On payment of Death Benefit, the Policy will terminate and all rights, benefits and interests under the Policy will be extinguished
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