ICICI Pru LifeLink Wealth SP is a unique single premium ULIP that provides you the opportunity to enjoy potentially higher returns over the long term on your investments, with just a single premium.
This insurance product also offers you a unique strategy that allows you to protect gains made through your funds invested in the equity markets from any future equity market volatility.
Key Benefits and Features
- Single premium ULIP: Pay premiums only once and stay invested for a long term.
- Trigger Portfolio Strategy: A unique portfolio strategy to protect gains made in equity markets from any future equity market volatility while maintaining a pre-defined asset allocation.
- Loyalty Addition: Up to 2.5% of Fund Value, at the end of every fifth policy year, starting from the tenth policy year.
- Two options of Sum Assured: Choose between 125(%) or 500(%) of premium as the Sum Assured to suit your protection needs.
- Top up: Flexibility to invest surplus money to boost your investment kitty.
- Tax benefits: On the premium paid and benefits received under the policy, as per the prevailing Income Tax laws.
Terms and Conditions –
|
Minimum Premium |
Rs. 40,000 |
|
Min/Max age at entry |
0 – 60 years |
|
Min/Max maturity age |
8 – 70 years |
|
Sum Assured |
Choice of 125% or 500% of single premium |
|
Policy term |
10 / 20 / 30 years |
|
Tax benefit |
Premium and any benefit amount received will be eligible for tax benefit as per the prevailing Income Tax laws |
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Tags: ICICI ULIPs, ULIP