ICICI Pru Life Time Classic

ICICI Pru Life Time Classic

ICICI Pru LifeTime Classic is our newly launched non-participating unit linked plan which provides complete financial protection for your loved ones through life cover and gives you the potential to create wealth and save for the future. The plan also offers 4 portfolio strategies that can be selected according to your personal investment needs.

BENEFITS OF ICICI PRU LIFETIME CLASSIC

4 Portfolio Strategies+
You can choose from 4 portfolio strategies according to your investment style to achieve your specific financial goals.

Funds To Invest
Invest in your choice of funds - various choice of equity, balance and debts funds, you can switch between them anytime.

Financial Protection-
On death of policyholder, nominee gets life cover and prevailing fund value as a lump sum payout.

Tax Benefits~
Get tax benefits on premiums you pay up to Rs. 46,800 under Section 80C of Income Tax Act, 1961.

Rewards^
Loyalty Additions and Wealth Boosters^ get added to your investment, just pay premium regularly and stay invested.

Fund Switching#
You can move your money between various fund options to get potentially better returns. 4 free switches in a policy year.

Top-Up Option*
You can increase your investment in the plan anytime by using the online top - up facility.

Flexible Payment Options
You can pay premium monthly, half yearly, yearly or make a one-time payment.

CHOICE OF 4 PORTFOLIO STRATEGIES+

Target Asset Allocation Strategy
Invest in 2 funds and we maintain the allocation for the full term by rebalancing it every quarter.

Trigger Portfolio Strategy 2
Based on "Buy low - Sell high" - premium is allocated in 2 funds to take advantage of substantial market swings.

LifeCycle based Portfolio Strategy 2
Strategy personalized based on age - premium is invested in 2 funds to create an ideal balance between equity and debt.

Fixed Portfolio Strategy
Invest in your choice of 8 Equity, 3 Debt and 2 Balanced funds to get the potential for better returns over the policy term.

LOWER CHARGES

The longer you stay invested in your policy, the better can be the expected returns. The graph below shows the Reduction in Yield (RIY) at 8% investment return. The lower the RIY, the better it is for you.



HOW IT WORKS

Rahul is a 30 year old male who purchased ICICI Pru LifeTime Classic with a policy term of 20 years. Rahul decided to pay Rs. 3000 per month as premium for 20 years and the life cover for the plan was Rs. 3.6 lakh.



PERFORMANCE OF FUNDS