ICICI Pru Signature Plan

Overview

ICICI Pru Signature is a ULIP that combines life cover with wealth creation, helping you protect your family while growing your investments. It provides flexible Wealth Boosters, fund options, Value Benefits, and return-of-premium allocation charges. It adapts to changing life stages, providing disciplined investing, financial security, and long-term growth. Investment risk is borne by the policyholder, with loyalty additions and boosters rewarding long-term commitment. The plan provides a low Reduction in Yield (RIY) for cost-efficient growth, MWPA registration for fund protection, and structured settlement options over 1-5 years at maturity.

• Life Cover
• Wealth Boosters
• Return of Premium Allocation Charges
• Value Benefit
• Whole Life Option
• Systematic Withdrawal Plan (SWP)

ICICI Pru Signature Plan Benefits

There are various benefits to buying the ICICI Pru Signature Plan. Let's understand each of the benefits of this ULIP plan in detail:

• Improved wealth creation features: The plan adds back premium allocation charges every 5 years, provides guaranteed wealth boosters from year 10, and rewards some higher contributions with additional units in Premier and Exclusive plans.
• Transparent charge structure: The plan lists all charges clearly, including premium allocation charges, policy administration, mortality, and fund management charges. It may also include discontinuance charges and nominal switching or partial withdrawal charges.
• Long-term protection and wealth planning: The plan offers Whole Life cover up to age 99 for lifelong protection and legacy planning. Additionally, a Systematic Withdrawal Plan (SWP) allows regular fund withdrawals after the 5-year lock-in period.

Three Customizable Plan Levels

You can choose plan levels such as Advantage, Premier, or Exclusive based on premium, each providing different levels of Value Benefits.

Maturity as Payouts

With the Settlement option, you can receive maturity proceeds in periodic payouts over 1 to 5 years instead of a lump sum.

Smart Portfolio Management

Choose from four portfolio strategies, including a Lifecycle-based strategy that automatically manages your investments according to your age.

Child Care Income Benefit

A regular income is paid to support daily expenses and the child's education after the policyholder's death.

Smart Exit Option

You can exit the plan after age 60 and receive the base premiums paid, helping recover policy costs if cover is no longer required.

Exclusions

• If the life assured dies by suicide within 12 months of plan commencement or revival, the death benefit is not payable. Only the available fund value, including the top-up fund value, will be paid.
• The policy has a mandatory five-year lock-in period, during which partial withdrawals or policy surrender are not permitted.
• The policy may terminate if the fund value becomes zero after five years due to unpaid premiums or poor fund performance.
• In extreme situations such as natural disasters, war, or market closures, the insurer may defer fund valuation or policy servicing for up to 30 days.