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.
Plan that is designed just for preferred customers like you.
Introducing ICICI Pru Signature, our newest ULIP that offers life insurance and flexible investment options in one plan. This plan can give you better returns while it shields your loved ones with life cover
Your entire premium is allocated among the funds` of your choice without any deductions along with Return of Mortality and Policy Administration Charges at maturity (exclusively for customers buying online). With choice of 4 portfolio strategies and wide range of funds, this plan gives you abundant flexibility to invest as per your needs.
8 BENEFITS OF ICICI PRU SIGNATURE
4 SIMPLE STEPS TO BUY ONLINE
HOW IT WORKS
Sumit's returns will be according to the performance of funds` he has selected.
Premium payment option: Limited Pay
Premium payment mode: Monthly
Amount of premium paid: `30 lakh
Sum Assured: `30 lakh
Premium payment term: 10 years
Age at entry: 45 years
Policy term: 54 years
| Age (in years) | Completed policy year | Fund value @ 8% ARR^ | Fund value @ 4% ARR^ |
|---|---|---|---|
| 65 | 20 | `79.33 lakh | `45.04 lakh |
| 85 | 40 | `3.10 Crore | `85.02 lakh |
| 99 | 54 | `7.81 Crore | `1.26 Crore |
Note: As per IRDAI guidelines, returns are shown at 4% p.a. and 8% p.a.
In case of Sumit's death during policy term, his nominee will receive the death benefit as a lump sum payout.
| Year of death | Death Benefit paid out to nominee | |
|---|---|---|
| @ 8% ARR^ | @ 4% ARR^ | |
| 5 | `30 lakh | `30 lakh |
| 15 | `56.08 lakh | `38.18 lakh |
| 35 | `2.21 Crore | `72.75 lakh |
^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.
The above illustration is for a healthy male life with 100% of his investments in Maximiser V and fixed portfolio strategy. 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.
When benefit illustrations are included in the content of advertisements- Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits then these will be clearly marked "guaranteed" in the illustration table on this page. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including actual future investment performance.
The above illustration is for a healthy male life with 100% of his investments in Maximiser V and fixed portfolio strategy. 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.
When benefit illustrations are included in the content of advertisements- Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits then these will be clearly marked "guaranteed" in the illustration table on this page. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including actual 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.
THINGS YOU NEED TO KNOW
Why should you buy a ULIP at an early age?
When you are young, you are free from liabilities in terms of dependents and hence, you have the potential to take higher risk to get better returns. The earlier you start investing in a ULIP, the sooner you can achieve your financial goals.
What is the minimum and maximum entry age for this plan?
There is no minimum age for buying this plan. The maximum age limit is 60 years.
What is the minimum and maximum policy term I can select?
You can select a policy term of minimum up to 15 years and maximum up to 30 years. For Whole Life option the policy term will be equal to 99 minus age of entry i.e. if you are 30 years old and choose Whole Life option, the policy term you will get will be 99 - 30 = 69 years.
What are the premium payment modes for this plan?
The premium payment modes available with this plan are Yearly, Half-Yearly and Monthly.
What are the premium payment terms available with this plan?
Premium Payment Terms:
- Limited Pay it is 5 years, 7 years, 8 years and 10 years.
- Regular Pay is same as the policy term, subject to a minimum premium paying term of 15 years.
- Whole Life-Limited pay option, it is 10 years and 15 years.
What is the minimum and maximum premium for this plan?
Minimum premium for this plan is ` 30,000 and maximum is unlimited. For whole life policy term, minimum premium is ` 60,000 and maximum is unlimited.
What is Systematic Withdrawal Plan(SWP)?
SWP 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.
When can I do partial withdrawals?
Partial withdrawals are allowed only after the first five policy years and on payment of all premiums for the first five policy years.
What is the age eligibility to do partial withdrawals?
Partial withdrawals are allowed only if the Life Assured is at least 18 years of age.
What are the tax benefits under this policy?
You can avail tax benefits on the premiums you pay towards this plan and the benefit you receive subject to conditions under section 80C,10(10D) & other provisions of the Income Tax Act, 1961.
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 | |||
EQUITY | ||||||||
| Bluechip Fund | ||||||||
| Maximiser V Fund | ||||||||
| Multi Cap Growth Fund | ||||||||
| Opportunities Fund | ||||||||
| Maximise India Fund | ||||||||
| Value Enhancer Fund | ||||||||
| Focus 50 Fund | ||||||||
| India Growth Fund | ||||||||
| Sustainable Equity Fund | ||||||||
| Mid Cap Fund | ||||||||
| Mid Cap Index Fund | ||||||||
| Mid Cap 150 Momentum 50 Index Fund | ||||||||
| Multicap 50 25 25 Index Fund | ||||||||
| MidSmall Cap 400 Index Fund | ||||||||
| MidSmallCap 400 Momentum Quality 100 Index Fund | ||||||||
BALANCED | ||||||||
| Multi Cap Balanced Fund | ||||||||
| Active Asset Allocation Balanced Fund | ||||||||
| Balanced Advantage Fund | ||||||||
| Mid Cap Hybrid Growth Fund | ||||||||
DEBT | ||||||||
| Income Fund | ||||||||
| Money Market Fund | ||||||||
| Secure Opportunities Fund | ||||||||
| Constant Maturity Fund | ||||||||
Please note: NA: Fund has not completed the stipulated time period
Past performance is not indicative of future performance.
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