ICICI Pru1 Wealth

ICICI Pru1 Wealth

Single premium plan that offers financial protection with the potential to grow your money.

ICICI Pru1 Wealth is more than a life insurance plan. With just a single premium payment, you can get 100% of your money invested in funds of your choice. You get 7 fund choices i.e. 3 equity funds, 3 debt funds and 1 balanced fund and can switch between these funds anytime, at no extra cost.

This plan gives you the potential for better returns by investing in the market, while protecting your family with life cover2. You will also get tax benefits on premium paid and benefits received. By choosing this plan, you can join thousands of our customers who have invested in our funds to achieve their future goals.

8 BENEFITS OF ICICI PRU1 WEALTH

Single Premium
Don't worry about your next premium - there isn't one.

100% Money Invested
Your complete premium gets invested in your choice of funds.

7 Fund Options
Invest in your choice of 7 funds (3 Equity, 3 Debt & 1 Balanced) to build a corpus for your future.

Unlimited Fund Switches
You can make free switches between your funds to earn more from your investments.

Wealth Boosters1
Get rewarded with wealth boosters as a percentage of the premium paid at the end of your policy term.

Life Cover2
Get peace of mind with life cover up to 10 times the premium you pay for the entire policy term.

Tax Benefits3
You receive a tax- free maturity amount under Sec 10(10D) and tax rebate on the premium paid under Sec 80C of the Income Tax Act, 1961.

Secure Your Family's Future4
Protect your wife and children financially even in your absence with MWP Act

HOW IT WORKS

Illustration 1

Ashok is a 30-year-old male who purchased ICICI Pru1 Wealth with a policy term of 10 years. Ashok decided to pay Rs. 1,00,000 as one-time premium and the life cover for the plan was Rs. 10 lakh.



Illustration 2

Divya is a 30-year-old female who purchased ICICI Pru1 Wealth with a policy term of 10 years. Divya decided to pay Rs. 1,00,000 as a one-time premium and the life cover for the plan was Rs. 10 lakh.



4 SIMPLE STEPS TO BUY ONLINE

1. Choose Investment Amount
Use our online calculator to decide your investment amount and policy term.

2. Select Funds
Choose where your money will be invested from our equity, debt and balanced funds. 7 funds to choose from.

3. Make Payment
You can make the payment anytime, anywhere through our website.

4. Plan Issued
Your plan is issued after your details and documents are verified.

PERFORMANCE OF FUNDS^



THINGS YOU NEED TO KNOW

What is the premium payment option in ICICI Pru1 Wealth plan?
ICICI Pru1 Wealth is a single premium payment life insurance plan that allocates 100% of your investment amount in the funds of your choice while providing a life insurance cover. So, pay just once and enjoy the benefits for a long term!

What are the policy terms available in ICICI Pru1 Wealth plan?
ICICI Pru1 Wealth has two policy terms i.e. 5 & 10 years. You can choose the policy term which will support your plans to achieve your financial goals.

How much premium do I have to pay?
Premium for ICICI Pru1Wealth starts at Rs. 50,000/- per annum. There is no limit on maximum investment amount.

What is the minimum and maximum entry age for this plan?
Minimum age at entry: 8 years
Maximum age at entry: 60 years



What is Automatic Transfer Strategy?
Automatic Transfer Strategy (ATS) helps eliminate the need to time your investment by giving you the benefit of rupee cost averaging. If this option is chosen, you can invest all or some part of your investment in Income Fund or Money Market Fund and transfer a fixed amount in regular monthly instalment into any one of the following funds: Maximiser V, Multi Cap Growth Fund or Value Enhancer Fund. There would be no additional charges for ATS. The following conditions apply to ATS.

The minimum transfer amount under ATS is Rs. 2,000.

This transfer will be done in equal instalment in not more than 12 monthly instalment.

ATS would be executed by redeeming the required number of units from the fund chosen at the applicable unit value and allocating new units in the destination fund at the applicable unit value.

At inception, you can opt for a transfer date of either the first or fifteenth of every month. If the date is not mentioned the funds will be switched on the first day of every month. If the first or the fifteenth of the month is a non-valuation date, then the next working day's NAV would be applicable.

How can I invest my surplus money in the plan?
Top-up

You can invest any surplus money as Top-up premium, over and above the base premium, into the policy. This feature is available only for the policy term of 10 years.

The following conditions apply on Top-ups:

1. The minimum Top-up premium is Rs. 2,000.

2. Your Sum Assured will increase by Top-up Sum Assured when you make a Top-up. Each top-up premium will be treated as Single Premium payment for determining Top-up Sum Assured.

3. Top-up premiums can be paid any time except during the last five years of the policy term, subject to underwriting.

4. A lock-in period of five years would apply for each Top-up premium for the purpose of partial withdrawals only.

5. At any point during the term of the policy, the total Top-up premiums paid cannot exceed the base premium of the policy.

6. The maximum number of top-ups allowed during the policy term is 99.

What are unlimited free switches between funds?
You can switch units from one fund to another depending on your financial priorities and investment outlook as many times as you want. This benefit is available to you without any charge. The minimum switch amount is Rs. 2,000