ICICI Pru Elite Wealth. Strictly for internal circulation and/or for training/ education of employees/ advisors/ corporate agents/ brokers of ICICI Prudential.

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Presentation transcript:

ICICI Pru Elite Wealth

Strictly for internal circulation and/or for training/ education of employees/ advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. Introducing An exclusive Unit Linked Insurance Plan for HNIs

Strictly for internal circulation and/or for training/ education of employees/ advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. Key features of ICICI Pru Elite Wealth Optimize returns Reducing effective Fund Management Charge Manage your investments Unlimited free switches, ATS & premium redirection Insure your family Get higher of Sum Assured or Fund Value on death Invest as per your risk appetite Nine funds with different risk-return profiles Equity oriented, debt oriented, balanced, Rule based and return guarantee Get best value for money

Strictly for internal circulation and/or for training/ education of employees/ advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. ICICI Pru Elite Wealth at a glance Minimum Premium Rs. 500,000 Premium Payment TermOne Pay & Five Pay Policy Term 10 to 30 years Sum Assured One Pay Five Pay Min / max age at entry One Pay – 0 / 70 years Five Pay – 8 / 70 years Min / max age at maturity 18 / 80 years Age at entrySum Assured 0 to > 60 years125% of SA AgeMinimum Sum AssuredMaximum Sum Assured 8 to <45 yrsHigher of 10 and (0.5 X Term)As per sustainability matrix >= 45 yrs10As per sustainability matrix

Strictly for internal circulation and/or for training/ education of employees/ advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. Reduction of effective FMC Reduction in FMC is the most efficient way to optimize returns Effective FMC will be reduced by allocating Loyalty Additions from sixth year onwards And it will further reduce from 11 th year onwards YearFMCApproximate effective FMC* 6 to % 1.1% 11 onwards 1.35% 0.75% * 1.Benefits of reduced FMC will be passed on by allocating Loyalty Additions at the end of the policy years 2.This illustration is for all funds other than RGF and Money Market Fund. 3.Also, this illustration does not consider service tax and timing implications.

Strictly for internal circulation and/or for training/ education of employees/ advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. Loyalty Additions Long term customer behavior to be awarded through Loyalty Additions Get rewarded with Loyalty Additions at the end of every policy year starting from the end of the sixth policy year It will be a percentage of the average of daily fund values in that same year This Loyalty Addition will reduce the effective FMC Year Loyalty Addition (% of average Fund Value) FMCApproximate effective FMC* 6 to % 1.35%1.1% 11 onwards0.60% 1.35%0.75% * 1.This illustration is for all funds other than RGF and Money Market Fund. 2.Also, this illustration does not consider service tax and timing implications.

Strictly for internal circulation and/or for training/ education of employees/ advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. Other benefits FeaturesDetails Death benefitHigher of Sum Assured or Fund Value SurrenderAllowed after five years without any charge Partial withdrawal One partial withdrawal per year starting from sixth policy year Top-up Allowed any time other than the last five years of the policy term Investment related features Unlimited switches – Unique proposition for HNIs to manage asset allocation effectively ATS Premium redirection

Strictly for internal circulation and/or for training/ education of employees/ advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. Charge structure ChargeDetails Premium allocation charge One Pay – 3% Five Pay – 2% from year 1 to 5 Top-up premium – 2% Policy admin charge Charged only during the first five policy years One Pay – Rs. 60 p.m. Five Pay – Rs. 500 p.m. Mortality charge Will be deducted on a monthly basis on the Sum at Risk. Sum at Risk = Sum Assured - applicable partial withdrawals - Fund Value Miscellaneous charge Rs. 250 per alteration

Strictly for internal circulation and/or for training/ education of employees/ advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. Fund management charges Fund FMC p.a. Maximiser V 1.35% Opportunities Fund 1.35% Multi Cap Growth Fund 1.35% Bluechip Fund 1.35% Dynamic P/E Fund 1.35% Multi Cap Balanced Fund 1.35% Income Fund 1.35% Money Market Fund 0.75%

Strictly for internal circulation and/or for training/ education of employees/ advisors/ corporate agents/ brokers of ICICI Prudential Life Insurance Co. Ltd. Should not be further circulated/ used for presentation to a prospect/ general public. Thank You