ICICI Prudential Life Insurance : Life Link Super
ICICI Prudential’s LifeLink Super policy-a single-premium unit-linked policy that works best for investors who have in mind long-term financial goals, such as the education of a child or the purchase of a larger home.
Apart from the potentially higher returns that you can earn, LifeLink Super insures your family against misfortunes with its protective insurance cover.
Minimum/Maximum Entry Age-0 years to 65 years
Maximum Age at Policy Maturity-70 years
Minimum Policy Term-5 years
Minimum Single Premium-Up to age 44: Rs. 25,000, age 45 and above: Rs. 50,000
Minimum Sum Assured-Annual Premium x Term/2. Subject to a minimum of Rs. 1,00,000
Advantages Life Link Super
Tax Benefit
Premium payment up to 20% of the Sum Assured is eligible for benefit under Sec. 80C. Any amount paid to you will be eligible for tax benefits under Sec. 10 (10D) exemption, if premium paid in any year does not exceed 20% of the Sum Assured.
2 options of Sum Assured:
Choose to receive either 125% or 500% of the single premium amount.
Flexible policy term:
Decide how long you wish to invest in this policy. You can invest for a minimum of 5 years and keep your investment growing for as long as you wish after that.
Partial withdrawal of money:
Withdraw funds in installments from the 4th year onwards.
Attractive premium allocation rates:
Enjoy 100% allocation for premium amounts equal to or greater than Rs. 5 lacs.
6 investment funds:
Select among Flexi-Growth, Maximiser, Flexi-Balanced, Balancer, Protector, and Preserver, based on your financial goals and risk profile.
Switch benefit:
Switch between funds anytime to maximize on market movements. You can switch funds 4 times a year, at no cost. For subsequent switches, you will be required to pay a switch fee of Rs. 100.
Maturity benefit:
Receive the Fund Value when your policy matures. Choose to take this value as a single lump-sum amount or in monthly, bi-annual or annual installments spread over 1 to 5 years.
Death benefit:
Your family receives the higher of Fund Value or Sum Assured should something happen to you.
Sources : http://www.iciciprulife.com/