Life Link Super
If you have in mind long term financial goals, for instance, the education of your
child or the purchase of a house, or if you want to invest your ancestral money
or rewarding business profits safely and sensibly, the ICICI prudential Life Link
Super is the plan for you.
It is a single premium unit linked policy that works best suiting to your needs
for the long run. It not only helps you earn potentially higher returns, but also
insures your family against misfortunes with its protective cover.
Policy at
a Glance
- Minimum/Maximum Entry Age 0 years to 65 years
- Maximum Age at Policy Maturity 70 years
- Minimum Policy Term 5 years
- Minimum Single Premium Rs. 50,000
- Sum Assured 2 options : 125% or 500% of the single premium
- 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.
Features
and benefits of LifeLink Super
- 2 options of Sum Assured: Choose to receive either 125% or 500% of the single premium
amount.
- 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.
- 7 investment funds: Select among Flexi-Growth, R.I.C.H., Multiplier, 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.
