Several goals need to be kept in mind while deciding on an investment strategy. Your goals may include providing quality education for your children or financial stability after retirement. Other common goals also include buying a house or car. Besides these, you also account for contingencies that may arise from time to time. Investing in ULIPs is an efficient way to meet your financial goals. ICICI Pru Signature¹ is one such investment and protection-oriented ULIP². It is an ideal solution for your financial goals.

Financial Protection

Life comes with its ups and downs. So, your future plans must also ensure that your loved ones are financially protected at all times. ICICI Pru Signature provides a life cover³ throughout the policy term. Thus, with assured payouts, your family’s financial security is ensured.

Low Charges

The costs associated with ICICI Pru Signature are low⁴. Moreover, the entire premium is invested in the funds you select without any deduction towards allocation charges.

Whole Life Cover

Your loved ones may be financially dependent on you even after your retirement. It may be your spouse, your grandchildren or other loved ones. ICICI Pru Signature offers protection coverage up to 99 years of age. This ensures that your loved ones are financially stable for a much longer period.

Flexible Options

This plan offers you the option to invest in equity funds which have better returns, as well as safer funds like debt funds, and balanced funds. This helps to reduce the effect of market fluctuations. There are four different portfolio choices⁵:

• Keep your investment divided into fund types matching your ability to take risks
• Automatically shift between equity, debt and balanced funds as per market conditions
• Switch among high, low, and medium-risk funds according to your preference
• Start with higher allocation in equities while young and change to fixed income funds as you grow old

You can align your investment to maximise your gains and meet your financial goals.

Systematic Withdrawals⁶

You can withdraw money to meet your interim liquidity needs such as paying for your child’s education or in case of an unforeseen event. ICICI Pru Signature lets you withdraw a pre-specified percentage of your total funds at regular intervals free of charge. These do not decrease your life insurance sum assured.

Return of Mortality & Policy Administration Charges

With ICICI Pru Signature, the amounts deducted as mortality charges and policy administration fees are added to your fund value at the end of the policy period⁴. This effectively cancels out the costs and increases your gains.

Wealth Boosters⁷

They are long-term investments and it is necessary that you remain invested till the end of your policy to get better returns. Moreover, staying invested in ICICI Pru Signature provides added monetary rewards⁷. Extra units are allocated to your policy at the end of every fifth policy year, starting after the tenth policy year. Such regular boosts to your funds continue until the end of your policy term. These additions substantially increase your profits as well.

Tax⁸ Benefits

Premium payments for ICICI Pru Signature are eligible for tax benefits⁸ under Section 80C of the Income Tax Act, 1961. You can claim deductions up to ₹ 1.5 lakh from your taxable income for the premiums you pay every year. Also, the payouts are tax-exempted subject to the conditions under Section 10 (10D)^*. Thus, this plan helps with effective tax savings.

These benefits make ICICI Pru Signature the ideal ULIP for your insurance and investment needs. Choose a premium amount as per your budget, select the funds you prefer, and invest to start creating wealth.

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