ICICI Prudential Pinnacle II | ICICI Pru Features & Benefits

ICICI Pru Pinnacle II is a unit linked insurance plan that offers protection for your family through its life insurance cover.

It also gives you the benefit of varying exposure to equities with disadvantage protection, so that your investments are protected in financially unstable times.

Eligibility –

Premium Payment Term	5 years
Minimum Premium	Rs. 50,000 p.a.
Maximum Premium	Rs. 2,00,000 p.a.
Modes of Premium payment	Yearly
Policy Term	10 years (fixed)
Maximum Maturity Age	75 years
Minimum Sum Assured	Age at entry <45 yrs >=45 yrs	Minimum SA 10 * Annual Premium 7 * Annual Premium

Features & Benefits –

1. Guaranteed NAV: Get the benefit of the highest NAV recorded on a daily basis, in the first 7 years of the Pinnacle II Fund, at maturity.

In this product, we guarantee the highest Net Asset Value (NAV) recorded on a daily basis, in the first 7 years of launch of the Pinnacle II Fund, subject to a minimum of Rs.10. The guarantee will be applicable only at maturity. The period of 7 years starts from the date of launch of Pinnacle II Fund and will end on the close of 7 years (from 26/10/2010 to 26/10/2017).

2. Limited premium payment term: Pay premiums for only 5 policy years.

3. Death benefit: In the ill-timed event of death of the Life Assured, the nominee will receive Sum Assured plus Fund Value, subject to Minimum Death Benefit.

4. Partial withdrawals: Ensures liquidity from the 6th policy year onwards.

5. Tax benefits: Avail tax benefits on the premiums paid and benefits received under the policy, as per the current Income Tax laws

6. Loyalty Additions: Added to the fund at maturity. Calculation of the fund value for Loyalty Addition will be based on the prevailing NAV and not on the Guaranteed NAV.

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Tags: ICICI Pru Life Insurance, ICICI Pru Pinnacle II, Insurance