ICICI Pru Pinnacle | Life Insurance Plan | ICICI Prudential | Overview | Advantages | Features | Benefits | Fund Options

Today’s fast paced life with the high standard of  living should continue post retirement, right? To ensure that you need to save and invest in such a manner that your savings grow over time and keep provision for inflation as well. Plus if your life is insured in the process it is a bonus. Unit linked insurance plans is one such medium.

Ulip is an insurance policy which combines the benefits of life insurance as well as investment. The premium is apportioned between the life cover and portfolio of shares (equity, debt and cash markets). Ulips offer flexibility to switch between one fund class to another depending on the individual’s risk factor. Returns variable depending on the fund’s market performance. ULIP products range from single premium to a regular premium option along with investment funds ranging from index funds to mid-cap funds and debt market linked funds.

Overview

Advantages

ICICI Pru Pinnacle is a unit linked insurance policy that offers the advantage of varying exposure to equities along with downside protection, so that your investments are protected in financially volatile times. It also offers a limited premium payment term while allowing you to enjoy insurance protection for a longer period.

Guaranteed NAV

ICICI Pru Pinnacle  guarantees the highest Net Asset Value (NAV) recorded on a daily basis, in the first 7 years of the 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 Fund and will end on the completion of 7 years (from 24/10/09 to 24/10/16).

At maturity, the higher of Fund Value (Units X NAV) and Guaranteed Value (Units X Guaranteed NAV) as on the maturity date shall be payable.

Not only this, ICICI Pru Pinnacle gives a boost of additional allocation amounting to 3% of Fund Value on the day of maturity (Guaranteed NAV will not be applicable to additional allocation)

Features & Benefits

1. Guaranteed NAV: get the benefit of the highest NAV recorded on a daily basis, in the first 7 years of the fund, at maturity.
2. Limited premium payment term:  pay premiums for only 3 policy years.
3. Additional allocation: added to your fund at maturity.
4. Death benefit: in the unfortunate event of death, the nominee receives higher of Sum Assured (reduced by partial withdrawals) and Fund Value.
5. Partial withdrawals: ensures liquidity from the 6th policy year onwards.
6. Tax benefits: avail tax benefits on the premiums paid and benefits received under the policy, as per the prevailing Income Tax laws.

Fund Options

• Pinnacle Fund Fund Objective: The investment objective of the fund is to generate optimal returns through an actively managed equity portfolio while using debt instruments to manage the guarantee. We would also use equity and fixed income derivatives as permitted by IRDA from time to time.
  

  Fund	Asset Mix	Min %	Max %
  Pinnacle Fund	Equity and Equity Related Securities Debt Instruments and derivatives	0% 0%	100% 100%

  Risk-Reward profile of the Fund: Moderate

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