ICICI Pru launches Guaranteed Returns ULIP

ICICI Prudential Life Insurance has launched Guaranteed Wealth Protector. ICICI Pru Guaranteed Wealth Protector is a unit linked insurance plan (ULIP) that offers the potential for high returns, by investing a portion of your money in equity, while also providing the dual assurances of capital guarantee and life cover.

On maturity, you will receive a) Fund Value including Loyalty Additions and Wealth Booster or b) Assured Benefit, whichever is higher. Assured Benefit for the policy will be as follows:
In case of One Pay, 101% of the Single Premium
In case of Five Pay, 101% of the sum of all premiums paid
Assured Benefit is applicable only on maturity of the policy and does not apply on death or surrender.

Mr. Puneet Nanda, Executive Director, said "Life insurance is a long term product and the key is to continue with the product till the end of the policy term. Our unit linked products have over the last 10 (ten) years delivered superior risk adjusted returns to our customers. Unit linked life insurance products are an efficient route to build a corpus while simultaneously providing financial security to the family or dependants."