LifeStage Assure
If you are planning for a sensible long term financial planning, you should be cautious
enough in your first step of investment. This would ease out the entire process
putting you at a gain in times of returns. The most important aspect about a long
term investment is the timing.
Keeping in view all these points, ICICI Prudential has for you a unique unit linked
insurance plan which offers you a clear advantage as it offers a guaranteed return
in the form of maturity additions on your first year premium. This means that all
your investments get an unmatched start to long term wealth creation.
To add to the advantages, ICICI Pru Lifestage Assure also redistributes your money
across various asset classes as part of a portfolio strategy, based on your tolerance
and risk taking.
Policy at
a Glance
- Minimum Premium -Rs 12,000 P.a. for monthly mode
- Rs. 10,000 p.a. for all other modes
- Minimum Entry Age 0 years
- Maximum Entry Age 65 years
- Minimum Age at Maturity-18 years
- Maximum Age at maturity-75 years
- Term- 10/ 15/ 20/ 25/ 30 years
- Minimum Sum Assured - 5 * Annual Premium
- Tax Benefit- 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.
Features
and Benefits of LifeStage Assure
LifeStage Assure cushions your first investment from market uncertainties by providing
a guarantee while allowing your future year premiums to benefits from the equity
markets; in the long term.
LifeStage Assure also offers you two unique portfolio strategies:
- Life Cycle Based portfolio strategy
* Age based Asset Allocation (Equity Debt mix)
* Quarterly Rebalancing of Asset Allocation
* Capital Preservation at maturity
- Fixed portfolio strategy
* Allocate your investments into different asset classes using your personal judgment
- 1st year premium used to provide a GUARANTEED MATURITY ADDITION between 100% and
450%; so that you can invest today without worrying about the market behavior in
the short term.
- Low premium allocation charges from the 2nd year onwards.
- Life cycle based portfolio strategy to invest in right asset allocation to create
ideal balance between Equity and Debt. Life cycle based portfolio strategy also
ensures capital preservation at the time of policy maturity by systematic transfer
to debt fund in the last 10 policy quarters
- Cover continuance option is available which ensures continuance of life insurance
cover, even if you wish to take a break in premium payment.
- Option to change in chosen portfolio strategy 4 times in a policy term (CIPS - Change
in Portfolio Strategy)
- 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
