ULIP Calculator - Calculate your ULIP Returns with ICICI Pru Signature 2024

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IN ULIPS, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER^U

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

Recommended For

Regular Investor

Retirement

Child Education

Existing Customer

Equity Investor

Tax-Saver^*

What is ICICI Pru Signature Online?

ICICI Pru Signature is a Unit Linked Insurance Plan (ULIP) that helps you save systematically and build wealth with tax^* benefits on market-linked returns received through the policy, while also securing the future of your loved ones with a life cover^/.

Financial Protection

Life Cover^/ for the entire policy term and an optional Accidental Death & Disability cover, so that your family is financially secured even in your absence

Investment Flexibility

Choice of 4 portfolio strategies and 23 funds across equity, balanced and debt to suit your investment needs.

Unlimited Free Switches⁵

Switch between the funds as many times as you want, completely free of cost.

Wealth Boosters²

Get rewarded with Wealth Boosters² at regular intervals at 3.25% of your fund value by just staying invested in the plan.

Free withdrawals³

Get money at regular intervals to fund your different life goals with Systematic Withdrawal Plan. Get Partial Withdrawals without any penalty or reduction in life cover^/.

Return of Charges⁺

No premium allocation charges when buying online. Return of Mortality Charges and policy administration charges at maturity.

Tax^* Benefits

Get tax^* benefits on premiums paid subject to conditions u/s 80C^* and on returns received subject to conditions u/s 10(10D)^*

How the plan works?

One plan, multiple objectives

Two Minute Overview

ICICI Pru Signature Online is an ideal plan for regular equity investors, first-time investors and those looking to save tax.

Two Minute Overview

ICICI Pru Signature Online helps to get tax-free^* income for a comfortable retirement.

Two Minute Overview

ICICI Pru Signature Child is an ideal plan for parents who wish to build corpus to ensure that their child can achieve the key milestones in life.

Plan Snapshot

Charges

Return of charges⁺
on maturity

Fund Options

23 funds across all
fund classes

Premium Allocation Charges

Nil⁺

Min. Investment:

₹2,500 p.m.

For Whole Life Option- ₹5,000 p.m

Wealth Boosters²

3.25% of Fund
Value added on
staying invested

Life Cover^/

Life cover^/ for the entire policy term

Premium Payment Term Options

Limited / Regular Pay

Lock-in Period

5 Years

Withdrawals

Unlimited Free
Withdrawals³

Fund Switches

Unlimited free fund switches⁵

Akash’s Wealth Creation Story

Good to Know^~

It is a generally adopted practice to put in (100 – your age) % of your investments in equity instruments and the rest in debt instruments

How to maximize your ULIP returns?

Start Investing Early

Pay premiums regulary

Right Asset Allocation

Make fund switches to safeguard your gains

Keep a younger person as the Life Assured

Buy Online in 3 simple steps

Choose premium amount

Select your choice of funds

Fill Application form & Make Payment

Policy Issued

Need Help? Call us Today

1800-209-9777

Why choose ICICI Prudential Life?

9.69 Cr

Lives covered as
on March 31, 2024^T

₹2.76 Lakh Cr

Benefits paid till
March 31, 2024^`

₹2.94 Lakh Cr

Assets under
management as on
March 31, 2024¹⁸

1 Day^<

Death Claim Settlement

Frequently Asked Questions

What are the benefits that I get under this plan?

What are the tax benefits under this plan?

In case of death, what benefit does this plan give?

Do I get some extra benefit under this plan?

Can I buy this plan online?

How is my money invested?

How are the returns calculated?

Who will manage my investment?

At what age can I start and close this plan?

How long do I need to pay the premiums for?

Payment type	Age at entry (Last birthday)	PPTs available
Limited Pay – Limited term option	All ages	5,7,8,10,12 years
Limited Pay – Whole life option^*	All ages	10,15 years
Regular Pay	All ages	Min: 15 years
Max: Equal to policy term

Can I surrender this plan?

What happens if I discontinue paying premiums?

Can I withdraw money from this plan before maturity?

Can I switch my investment from one fund to another before maturity?

Can I cancel this plan after purchase?

How can I check the value of my investment at any time?

What are the charges under this plan?

Key Terminology

Sum Assured

Fund value

Net Asset Value (NAV)

Premium

Death benefit

Maturity benefit

Riders

Lock-in period

Switching option

ULIP returns

Top-ups

ULIP charges

Sum Assured

The nominee of the policy is liable to receive a fixed amount in case of the demise of the policy holder during the policy term. This amount is called the Sum Assured. When purchasing a ULIP, you must ensure that the Sum Assured you opt for is sufficient for your dependents to continue with their lives in case something happens to you.

Fund value

The premiums you pay in a ULIP are invested in funds, which grow over time. The fund value indicates the total value of the your fund on the current date. This is calculated by multiplying the number of units you own by the Net Asset Value (NAV) or the monetary value of each unit.

Net Asset Value (NAV)

In a ULIP, Net Asset Value (NAV) means the value of a single unit of your investment. An investment fund, which is a pool of investments from multiple investors (minus any liabilities), is divided by the number of outstanding units. The NAV of a fund is therefore the price of a single unit.

Premium

Premiums are the payments you make towards your plan. As an investor, you can pay premiums monthly, quarterly, half-yearly, or annually as per the mode selected by you while investing. Failure to pay the premiums on time may lead to the lapse of the ULIP Policy.

Death benefit

The death benefit is the total amount payable to the nominee by the insurance company on the policyholder’s unfortunate demise. It can either be the sum assured or the fund value, whichever is higher. What your beneficiary gets would depend on the plan you opt for. The nominees can obtain the death benefit either as a lump-sum or in monthly instalments.

Maturity benefit

Maturity benefit is offered to the policyholder when the policy tenure gets over. You can avail tax-free^* maturity amount as per Section 10 (10D) of the Income Tax Act 1961, subject to the provisions stated therein.

Riders

Riders or add-ons are the additional benefits provided by insurance companies, which enhance the value of the coverage. Typically, the most common riders offered are critical illness rider, waiver of premium rider, accidental cover, and so forth. However, these riders vary depending upon the company.

Lock-in period

Lock-in period is a stipulated time till which you cannot withdraw your investments. In case of ULIP, if a policyholder surrenders the policy before the completion of the lock-in period, the fund value is shifted to a discontinuation fund. The policyholder can withdraw the amount once the lock-in period is over. A ULIP has a lock-in period of 5 years.

Switching option

A ULIP plan allows an individual to invest in multiple fund options at the same time. However, the policyholders also have the freedom to switch between these ULIP funds. The number of switches allowed depends on the company’s policies. ICICI Pru’s Signature plan allows unlimited free switches⁵ between funds.

ULIP returns

The returns of a ULIP policy depend upon the performance of the market as well as your fund selection. One needs to stay invested for long term to be able to maximise their returns.

Top-ups

As the name suggests, the top-up premium is an additional amount paid over base premium. If a ULIP policyholder wants to increase the amount of his/her investment in funds, he/she can do so through top-ups.

ULIP charges

Insurance companies levy certain charges on a ULIP. Under a ULIP, a few of the levied charges are as follows:

Policy administration charge
Fund management charge
Mortality charge
Premium allocation charge

Disclaimer

IN ULIPS, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER^U

⁺There is no premium allocation charges in Signature Online. Amount equal to total of mortality charges and policy administration charges deducted in the policy will be added back to the fund value at maturity, provided all due premiums have been received. This amount 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. This shall exclude any extra mortality charges and taxes levied on the charges deducted as per prevailing tax laws. Return of Mortality Charges and Policy Administration Charges is not applicable for Whole Life option.

^*Tax benefits under the policy are subject to conditions under Section 80C, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and Cess (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 more details.

²Wealth Boosters equal to 3.25% 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.

³Systematic Withdrawal Plan is allowed only after the first five policy years. The total withdrawals in a policy year cannot exceed 20% of the fund value.

⁵Switches are only applicable for fixed portfolio strategy and not applicable for other portfolio strategies.

⁶ICICI Pru Signature awarded Best ULIP policy of the Year 2021 by Business Today – Money Today. Source: www.businesstoday.in/magazine/money-today/cover-story/the-top-rung/story/434160.html

⁷The returns are derived basis age, gender and premium of the customer, pre-populated from the information provided at the time of filling the personal details in the calculator.

⁸Premium recommendation is based on age and annual income while the returns is derived basis age and gender of the existing customer, pre-populated from the information provided at the time of previous policy purchase.

⁹Available through mandatory rider ‘ICICI Pru Linked Accidental Death and Disability Rider’. Please refer to the rider brochure for more details.

¹⁰Minimum premium is Rs. 2,500 p.m. For whole life, it is Rs. 5,000 p.m. “Start with Rs. 5,000” is a suggestion

^1’Calculated for a 35-year-old healthy male with a premium paying term of 20 years and a policy term of 20 years for Regular 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.

^2’Calculated for a 35-year-old healthy male with a premium paying term of 25 years and a policy term of 25 years for Regular 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.

^3’Calculated for a 35-year-old healthy male with a premium paying term of 15 years and a policy term of 15 years for Regular 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.

^4’Calculated for a 35-year-old healthy male with a premium paying term of 10 years and a policy term of 15 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.

^5’Calculated for a 30-year-old healthy male with a premium paying term of 15 years and a policy term of 15 years for Regular 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.

^6’Calculated for a 30-year-old healthy male with a premium paying term of 20 years and a policy term of 20 years for Regular 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.

^#Minimum premium is Rs. 2,500 p.m. For whole life, it is Rs. 5,000 p.m

^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 are subject to investment risks associated with capital markets and publicly available index. The NAVs of the units 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 Online 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

^{^}The minimum Top-up premium is ₹2,000. At any point during the term of the policy, the total Top-up premiums paid cannot exceed the sum of base premium(s) paid till that time.

^~The statements given in the “Good To Know” section are the suggestions on investment and are not to be considered as the strict rules on investing

^T58.1 mn lives covered across our individual and group customers as per ICICI Prudential Life Council Report

^`As per Financial Statements (Schedule 4- Benefits paid (Gross)) of the company, benefits paid since inception up to March 31, 2023

¹⁸Data regarding AUM is as per Annual Report of the Company for FY2023.

⁺⁺All life Insurance policies purchased from October 12,2020 to March 31,2021 are eligible for the Leave Travel Concession (LTC) Cash voucher scheme.

^/Life Cover is the benefit payable on the death of the life assured during the policy term.

^**Return shown as on date 31-August-2023.

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.”

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
MidSmallCap 400 Momentum Quality 100 Index Fund	ULIF 156 251024 MscMomQual 105
Mid Cap 150 Momentum 50 Index Fund	ULIF 151 180124 McMomentum 105
Multicap 50 25 25 Index Fund	ULIF 152 220224 MultiCapIF 105

^<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

^<1 Day is a working day, counted from date of receipt of all relevant documents from the claimant, additional information sought by the Company and any clarification received from the claimant. The Company will be calling the claimants for verification of information submitted by the Claimant which will also be considered as part of relevant documents. Working day will be counted as Monday to Friday and excluding National holidays/Bank holidays/Public holidays.

⁹Interest shall be at the bank rate that is prevalent at the beginning of the financial year in which death claim has been received. In case of breach in regulatory turnaround time, interest will be paid as per IRDAI regulations.

Unit 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 Unit Linked Insurance Products completely or partially till the end of the fifth year.

Unit Linked products are different from traditional insurance products and are subject to the risk factors.

The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/ her decisions.

ICICI Prudential Life Insurance is only the name of the Life Insurance Company and ICICI Pru Signature is only the name of the unit linked insurance product and does not in any way indicate the quality of the product, its future prospects and returns.

Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the Insurance company.

The various funds offered under this product are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.

Comp code.- COMP/DOC/Nov/2024/2111/7675

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 1800-2660 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 UIN:105L177V07. Advt. No.: W/II/1347/2024-25

BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

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.

¹³Waiver of premium rider when attached to a base policy will waive all future premiums payable under the Base Policy including any Underwriting Extra Premiums on the occurrence of the contingent event, as mentioned under the chosen Benefit Option. Kindly refer to the sales brochure of ICICI Pru Linked Waiver of Premium Rider for further information.

^*Tax benefits may be available as per prevailing tax laws. Tax benefits under the policy are subject to conditions under 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 more details.

ICICI Pru Linked Accidental Death and Disability Rider. UIN: 105A043V02.

ICICI Pru Linked Waiver of Premium Rider UIN: 105A045V02