ICICI Prudential Life Insurance : PremierLife Gold
ICICI Prudential’s Premier Life Gold has been tailored to precisely meet your requirements. One of the finest wealth creation plans available, PremierLife Gold provides you with the benefit of paying premiums for a brief period but enjoying the benefits of cover and potentially higher returns over the long run. Put simply, PremierLife Gold ensures you enjoy long-term benefits even when you make short-term investments.
Premium Payment Term 3 years 5 years
Minimum Premium Rs 100000 Rs 60000
Minimum Entry Age 0 0
Maximum Entry Age 69 years 65 years
Minimum Policy Term 6 years 10 years
Maximum Policy Term 30 years 30 years
Maximum Age at maturity 75 years 75 years
Advantages of Premier Life Gold :
Premier Life Gold is a limited premium paying policy that ensures you enjoy all the benefits of a long-term investment cum insurance plan.
Take a look at the features and multiple benefits of this plan:
Limited premium payment term :
Choose to pay premiums for either 3 years or 5 years ONLY.
Flexible policy term :
Choose to remain invested and protected for as long as 30 years.
Flexible minimum premium :
Pay Rs. 60,000 or Rs. 1 lakh depending on the premium payment term you choose.
2 options of Sum Assured :
The Sum Assured is the higher amount between Annual Premium x 5 and Policy Term/2 x Annual Premium.
6 investment options :
Select among Flexi-Growth, Maximiser, Flexi-Balanced, Balancer, Protector, and Preserver, based on your financial goals and risk profile.
Partial withdrawal of money :
Withdraw money in installments from the 4th year onwards.
Settlement option :
Withdraw your funds systematically after maturity in monthly, quarterly, bi-annual or annual installments.
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 will receive the higher of Fund Value or Sum Assured should something happen to you.
Switch benefit :
Switch between your investment funds anytime to adjust your portfolio, based on your financial objectives. 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.
Tax benefits :
Enjoy tax benefits on the premiums you pay (under u/s 80 C) and tax exemptions on maturity and death benefits [under u/s 10 (10 D)].
Higher of (5* Annual Premium AND Policy Term/2*Annual Premium)
Premium paid for the policy and critical illness benefit rider will be eligible for tax benefit under section 80C & 80D respectively, any benefit amount received under this policy will be eligible for the tax benefit under section 10 (10D), as per prevailing Income Tax laws.
Sources : http://www.iciciprulife.com