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ICICI Life Time Gold

Life Time Gold

Just like the attributes of gold, ICICI Prudential has brought for you a unique policy called the Life Time Gold, where in you are offered potentially higher returns through a multiplier fund that invests in the top 50 large cap companies.

It also offers you a protective advantage of an insurance cover and financial security for your family.

Policy at a Glance

Minimum/Maximum Entry Age- 0 years to 65 years
Maximum Age at Policy Maturity -75 years
Premium Payment Frequency- Monthly, half-yearly, yearly
Minimum Premium- Rs. 20,000 pa for yearly mode Rs.24,000 pa for half yearly and monthly modes
Minimum Sum Assured-5 times of Annual Premium, 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 Gold

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.
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.
Systematic withdrawal of money: Withdraw money in installments from the 4th year onwards.
Maturity benefit: Receive the Fund Value when your policy matures.
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.