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Why is ICICI Pru Wealth Builder II special?

You can enjoy the opportunity to get potentially better returns and grow your money by investing in equity and debt funds for the long term. This combination helps you beat inflation while protecting your investments.

How do equity and debt funds beat inflation?

Inflation is the rate at which the price of goods and services increases over a period of time. For example, the average price of petrol has increased from ₹40 in 2005 to ₹62 in 2015 as a result of inflation over the same period*.

On the other hand, savings rate is the rate at which your savings grow. To gain from your investments, your savings rate should be higher than the inflation rate.

In order to get better returns in the long run, it is advisable to have exposure to equity. Although equity markets are subjected to short term market volatility, the impact of this short term volatility on long term investments made to equity funds in ULIPs is negligible.

Below is an example of how investing in a mix of equity and debt can help in building your savings, while protecting your investment over the long run.

If 60% your money was invested in the equity market and 40% in debt market## in the last 10 years, your investment would have grown by around 12% on an annualized basis. This growth would have helped you stay ahead of the inflation rate of about 6%# in the same period.

*As per the IOCL Petrol Prices in Delhi
#
Source: Bloomberg - WPI inflation average of 10 years (From March 2005 to March 2015)
##
Equity market: BSE 100; Debt market: CRISIL Composite Bond Index (From March 2005 to March 2015)

You may want to manage your investments yourself, or want an expert to do it for you. ICICI Pru Wealth Builder II brings the best of both worlds. With Fixed Portfolio Strategy, you can manage your money by investing it according to your risk appetite in equity and debt funds. On the other hand, with the Lifecycle-based Portfolio Strategy, we carefully manage your money to create an ideal balance between equity and debt funds depending on your age.

Which portfolio strategy suits me the best ?

  • Fixed Portfolio Strategy: In this option, you can invest your money in equity and debt funds of your choice. You can also move your money from one fund to another to suit your investment needs.

  • Lifecycle-based Portfolio Strategy: With this option, your money is automatically allocated to debt and equity funds based on your age. As you grow older, your money is systematically transferred from equity to debt to secure it when the policy matures.

Starting from the sixth policy year, you can withdraw a part of your money as per your need. This ensures that you have easy access to your money and at the same time, the rest of your invested money keeps growing.

How much money can I withdraw?

You can withdraw up to 20% of your Fund Value* at any time+ after the fifth policy year.

Am I charged for making partial withdrawals?

No, partial withdrawals are completely free of cost.

*Fund Value is the total value of your money that is invested in equity and debt fund of your choice.
+Provided monies 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. DP Funds refer to Discontinued Policy Fund and consist of money from lapsed policy.

You can choose the number of years for which you wish to pay premiums. You can opt for either the One Pay option (one-time lump sum premium payment), the Limited Pay option (payment of premiums for 5, 7, or 10 years), or the Regular Pay option (regular payment of premiums throughout the policy term)*. While multiple premium payment options are available, it is advisable to invest for at least 10 years in order to enjoy the maximum benefits offered by the policy.

*To know more about the minimum premium for these options, please refer to the ‘Product at a glance’ section.

To reward you for being a loyal customer, the company further adds to your savings with Loyalty Additions, which helps your wealth grow.

What are Loyalty Additions?

Loyalty Additions will be added as extra units at the end of each policy year, starting from the sixth policy year. Each Loyalty Addition will be equal to 0.25% of the Fund Value average*. It includes Top-up^ Fund Value, if any.

An extra Loyalty Addition of 0.25% will be paid every year from the 6th policy year if all due premiums for that year have been paid. These Loyalty Additions will be allocated to your fund in the form of units.

*Fund Value is the total value of your money that is invested in equity and debt fund of your choice.
^Top-up is any extra amount that you can invest and add to your Fund Value.

The company also adds Wealth Boosters to your savings. This helps you grow your money without having to make any extra investments.

What is the value of Wealth Boosters that I will get?

For One Pay option, Wealth Booster addition will be equal to 1.5% of the average Fund Value^. This will be 3.25% for Limited Pay and Regular Pay options. It will also include additional Fund Value from Top-ups**, if any. Wealth Boosters will be added once in every 5 years starting from the end of the 10th policy year.

Is this a guaranteed feature of the product?

Yes, the allocation of Wealth Booster units is guaranteed subject to regular premium payment to be made by you.

^Fund Value is the total value of the money that is invested in a fund of your choice.
**Top-up is any extra amount that you can invest and add to your Fund Value.

ICICI Pru Wealth Builder II provides you and your family all-round protection. In case of an unfortunate event during the policy term, your family receives a lump sum amount. This amount will help you ensure that your loved ones are able to live the life you planned for them.

How much money will my family receive in my absence?

  • In case of the One Pay option, your loved ones will receive the lump sum amount, higher of A or B or C.**

  • In case of Limited Pay and Regular Pay policy:

    a. For entry age less than 50 years, Life Cover amount is the higher of (A+B) or C.**

    b. For entry age greater than or equal to 50 years, Life Cover amount is the higher of A or B or C**

** Where,

A = A fixed minimum amount called the Sum Assured, including Top-up Sum Assured, if any and reduced by any partial withdrawals you have made

B = Fund Value^ including Top-up# Fund Value, if any

C = Minimum Life Cover*

*Here, the minimum Life Cover will be 105% of the total premiums paid including Top-up premiums, if any.
^Fund Value is the total value of your money that is invested in equity and debt fund of your choice.
#
Top-up is any extra amount that you can invest and add to your Fund Value.

With this plan, you can reduce your taxable income by investing up to ₹1.5 lakh under Section 80C. This will help you save tax. What’s more, even shifting your money from equity to debt or debt to equity is completely tax-free*. The money you get at the end of your policy is also tax-free*.

*Tax benefits under the policy are subject to conditions under Section 80C, 10(10D) and other provisions of the Income Tax Act, 1961. Service tax and applicable cesses will be charged extra as per prevailing rates. Tax laws are subject to amendments from time to time.

Food for Thought

4 Tips to buy the Wealth Plan best suited for you

Food for Thought

How funds can help maximize returns in ULIPs ?

Product Snapshot

You have always prioritized the comforts, security and happiness of your family. For this, you work hard to create wealth and savings. Wouldn’t you want this to continue in your absence? Presenting ICICI Pru Wealth Builder II – a plan that helps your family fulfill goals with the money you invest.

Product at a Glance

You can choose the number of years for which you wish to pay premiums. You can opt for either the One Pay option (one-time lump sum premium payment), the Limited Pay option (payment of premiums for 5, 7, or 10 years), or the Regular Pay option (regular payment of premiums throughout the policy term).

How much premium can I pay?

You can pay a minimum premium of ₹24,000 per year. There is no upper limit on the premium that you can pay.

Can I pay the premiums yearly, half-yearly or monthly?

Yes, you can choose to pay your premiums yearly, half-yearly or monthly.

For how many years do I have to pay the premium for?

You have to pay the premiums throughout the policy term.

At what age can I start this plan?

There is no minimum age to start this plan. However, the maximum age should not exceed 65 years.

How old should I be when the plan reaches maturity?

Your minimum age at policy maturity should be 18 years and the maximum age should not be more than 75 years.

How much premium can I pay?

You can pay a minimum premium of ₹24,000 per year. There is no upper limit on the premium that you can pay.

Can I pay the premiums yearly, half-yearly or monthly?

Yes, you can choose to pay your premiums yearly, half-yearly or monthly.

For how many years do I have to pay the premium for?

You can choose to pay the premiums for 5, 7 or 10 years.

At what age can I start this plan?

There is no minimum age to start this plan. However, the maximum age should not exceed 55 years.

How old should I be when the plan reaches maturity?

Your minimum age at policy maturity should be 18 years and the maximum age should not be more than 69 years.

How much premium can I pay?

You can pay a minimum premium of ₹48,000 per year. There is no upper limit on the premium that you can pay.

Can I pay the premiums yearly, half-yearly or monthly?

No, you only need to pay your premium once at the beginning of the policy in the One Pay option.

For how many years do I have to pay the premium for?

You have to pay the premium once.

At what age can I start this plan?

There is no minimum age to start this plan. However, the maximum age should not exceed 69 years.

How old should I be when the plan reaches maturity?

Your minimum age at policy maturity should be 18 years and the maximum age should not be more than 79 years.

ICICI Pru Wealth Builder II (UIN: 105L139V01)

Unlike traditional products, Unit Linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. The names of the Company, Product names or fund options do not indicate their quality or future guidance on returns. Funds do not offer guaranteed or assured returns.

W/II/0423/2016-17

 

 

 

The above illustration is for a healthy male life with 100% of his investments in Maximiser V (SFIN: ULIF 11415/03/11LMaximis5105). The above are illustrative maturity values, net of all charges, service tax and applicable cesses. Since your policy offers variable returns, the given illustration shows two 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.

 

 

 

The above illustration is for a healthy male life with 100% of his investments in Maximiser V (SFIN: ULIF 11415/03/11LMaximis5105). The above are illustrative maturity values, net of all charges, service tax and applicable cesses. Since your policy offers variable returns, the given illustration shows two 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.

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