ICICI Prudential Life Insurance : Life stage policy
Life stage policy provides you with an option of lifecycle-based portfolio strategy) that continuously re-distributes your money across various asset classes (Automatic Asset Allocation. This will done based on your age, and helps you achieve the right Asset Allocation to meet your desired financial goals.
Minimum Premium Rs 15000
Minimum Entry Age 0 years
Maximum Entry Age 65 years
Minimum Age at Maturity 18 years
Maximum Age at maturity 75 years
Min Term 10 years
Maximum Term 75 years
Minimum Sum Assured Term / 2 * Annual Premium
Premium Payment Frequency Yearly, Half-Yearly, Monthly
Advantages of Life stage Plan
Option to choose a unique and personalized life-cycle based portfolio strategy to create ideal balance between Equity and Debt
Option to change in chosen portfolio strategy 4 times in a policy term (CIPS – Change in Portfolio Strategy)
Additional allocation of units at regular intervals to enhance your investment
Ensure capital preservation at the time of policy maturity by systematic transfer to debt fund in the last 10 policy quarters
Option to withdraw your money systematically over a period of 5 years on the maturity of the policy
In the unfortunate event of death, your nominee will receive Sum Assured plus Fund Value
Sources : http://www.iciciprulife.com/