ICICI Prudential Life Insurance : LifeTime Super
Why LifeTime Super
As an individual who desires a lot from life-a car, a beautiful home and of course, the comfort and contentment of your family-you would undoubtedly want to plan your finances such that you can take care of all your requirements.
Invest in ICICI Prudential’s LifeTime Super policy-a regular-premium unit-linked policy, which offers potentially higher returns that systematically enable you to meet your long-term financial objectives. In addition, LifeTime Super also provides the protective benefit of an insurance cover, which keeps your family secure, always.
| Minimum/Maximum Entry Age | 0 years to 65 years |
| Minimum/Maximum Policy Term | 10 years to 75 years |
| Premium Payment Frequency | Monthly, half-yearly, yearly |
| Minimum Premium | Rs. 18,000 per annum |
| Minimum Sum Assured | Annual Premium x Term/2. Subject to a minimum of Rs. 1,00,000 |
| Tax Benefit (8) | Premium paid for the policy and critical illness benefit rider will be eligible for tax benefit under Sec. 80C and 80D respectively. Any amount paid to you will be eligible for tax benefits under Sec. 10 (10D) as per prevailing Income Tax laws. |
Features and benefits of LifeTime Super
Flexible policy term: Decide for how long you want your policy. You can invest for a minimum of 10 years and a maximum of 75 years.
3 choices of premium payment: Opt to pay the premium on a monthly, bi-annual or an annual basis.
6 investment funds: Select among Flexi-Growth, Maximiser, Flexi-Balanced, Balancer, Protector, and Preserver, based on your financial goals and risk profile.
Systematic withdrawal of money: Withdraw money in installments from the 4th year onwards.
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.
Death benefit: Your family receives the higher of Fund Value or Sum Assured should something happen to you.
Switch benefit: Switch between funds anytime to adjust your portfolio, based on your goals and risk profiles. 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.