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ICICI Pru Signature Plan Overview

ICICI Pru Signature offers life cover for the entire policy term, ensuring financial security for families. It includes wealth boosters every 5 years starting from the 10th policy year and the return of mortality and policy administration charges at maturity. The policy provides flexible options with various portfolio strategies and potential tax benefits on premiums and payouts.

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arafath Engineer
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59 views2 pages

ICICI Pru Signature Plan Overview

ICICI Pru Signature offers life cover for the entire policy term, ensuring financial security for families. It includes wealth boosters every 5 years starting from the 10th policy year and the return of mortality and policy administration charges at maturity. The policy provides flexible options with various portfolio strategies and potential tax benefits on premiums and payouts.

Uploaded by

arafath Engineer
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

What makes ICICI Pru Signature special

Life Cover for the entire policy term so Entire premium without any
that your family is financially secured deductions is allocated among
even in your absence the funds of your choice

Wealth Boosters at the end of every 5


years starting from the end of 10th Return of Mortality and Policy
policy year Administration Charges at maturity

Enjoy policy benefits till 99 years Flexible Options: Choice of


of age with Whole Life policy 4 portfolio strategies and wide range
term option of funds across equity, balanced and
debt to suit your saving needs

Systematic withdrawal plan to Tax benefits may be applicable on


withdraw money regularly from premiums paid and benefits received
your policy as per prevailing tax laws
Key Benefits

Return of Mortality Charges and Policy Administration Charges

The amount equal to total of mortality charges and policy administration charges deducted in the policy will be added
back to the fund value at maturity, provided all due premiums have been received. This amount will be allocated
among the funds in the same proportion as the value of total units held in each fund at the time of allocation.

This shall exclude any extra mortality charges and taxes levied on the charges deducted as per prevailing tax laws.

Return of Mortality Charges and Policy Administration Charges is not applicable for Whole Life option.

Wealth Boosters

We will contribute to your wealth creation by allocating extra units to your policy at the end of every 5th policy year
starting from the end of 10th policy year till the end of your policy term. Each Wealth Booster will be equal to a
percentage of the average of the Fund Values on the last business day of the last eight policy quarters, shown in the
table below

Wealth Booster
Premium payment term End of 10th Policy Year End of every 5 Policy Years starting from 15th Policy year
5 years
7 years
2.00% 3.25%
8 years
10 years and above

Wealth Boosters will be allocated among the funds in the same proportion as the value of total units held in each
fund at the time of allocation. Allocation of Wealth Boosters is guaranteed and shall not be revoked by the company
under any circumstances.

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