ICICI Prudential Pinnacle Super

 

ICICI Prudential Pinnacle Super Plan is a unit linked insurance plan (ULIP) with highest NAV guarantee. In this plan, you can choose the guarantee option according to your risk appetite. If the Life Insured dies within the policy tenure, the nominee would receive the Sum Assured or the Fund Value, whichever is higher as Death Benefit for 1-Pay Option and both Sum Assured + Fund Value as Death Benefit for 5-Pay Option. The Maturity Benefit is the Fund Value according to the fund option selected.

 

Compare ULIPs  

 

 

• There is an option of choosing Dynamic Asset Allocation Fund where the professional Fund Managers aim to increase your portfolio
• Loyalty Addition of 2% of the fund value is provided at maturity
• There are 3 options for Highest NAV Guarantee Fund, which needs to be selected at inception
  • ­Highest NAV Fund A- Guarantees the highest recorded NAV within the first 7 years subject to a minimum of Rs 10
  • ­Highest NAV Fund B- Guarantees 110% of the highest recorded NAV within the first 7 years subject to a minimum of Rs 11
  • ­Highest NAV Fund C- Guarantees the highest recorded NAV within the first 7 years subject to a minimum of Rs 15
• There are 12 Funds to choose for investment purpose and 2 portfolio strategies
• The Sum Assured can be increased and decreased at any policy anniversary

 

COMPARE THIS PLAN WITH OTHER ULIP PLANS

Amt. you want to invest per month?

Investment Period

Select City

I authorize MyInsuranceClub & its partners to Call/SMS & agree to the Terms of Use.

Show premiums

 

 

Death Benefit – In case of death of the Life Insured, the nominee would get Sum Assured or the Fund Value, whichever is higher for 1-Pay Option and both Sum Assured + Fund Value for 5-Pay Option.

 

Maturity Benefit – On maturity, the Fund Value is paid to the policyholder according to the investment option chosen.

 

Income Tax Benefit - Life Insurance premiums paid up to Rs. 1,00,000 are allowed as a deduction from the taxable income each year under section 80C

 

 

 

	Minimum	Maximum
Sum Assured (in Rs.)	For age< 45 yrs, 125% of Premium for 1-Pay and 10 X AP for 5-Pay For age>= 45 yrs, 125% of Premium for 1-Pay and 7 X AP for 5-Pay)	For age< 60 yrs, 500% of Premium for 1-Pay and For age>= 60 yrs, 125% of Premium for 1-Pay For 5-pay, As per the Sum Assured Multiples
Policy Term (in years)	10 years
Premium Payment Term (in years)	Single	5 years
Entry Age of Policyholder	8 years	70 years for 1-Pay 65 years for 5-Pay
Age at Maturity	18 years	80 years for 1-Pay 75 years for 5-Pay
Single Premium (in Rs.)
Payment modes	Single and Yearly

 

 

 

Riders – There is 1 rider available in this policy

·         Waiver of Premium on Critical Illness Rider

 

Investment Fund Options - There are 12 Investment Funds available

1.     Opportunities Fund

2.     Multi Cap Growth Fund

3.     Bluechip Fund

4.     Multi Cap Balanced Fund

5.     Income Fund

6.     Money Market Fund

7.     Return Guarantee Fund

8.     Dynamic P/E Fund

9.     Maximiser V Fund

10.   Highest NAV Fund A

11.   Highest NAV Fund B

12.   Highest NAV Fund C

 

And 2 Portfolio Strategies available

1.     Fixed Portfolio Strategy

2.     Trigger Portfolio Strategy

 

Top-up - The minimum and maximum amount for Top-up is Rs 2,000 and sum assured automatically increases either by 125% or 500% of the top up premium amount. Top Up can be done any time in the first 5 years of the policy and each Top Up is locked for 5 years.

 

Switching - Switching is allowed within Fixed Portfolio Strategy. Switching from a non-guaranteed NAV Option to Guaranteed NAV Option is not allowed.

 

Partial Withdrawal - Partial withdrawals are allowed only after completion of 5 policy years or the life insured is at least 18 years old.

 

                                             

 

You stop paying the premium before 5 years – For Single pay Option, this condition is not available.

For 5-Pay Option, if the policy holder stops paying the premium, the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after the fifth policy anniversary. In case of death of the Life Assured during this period, only the accumulated fund value will be payable to the nominee.

 

You stop paying the premium after 5 years - If the policy holder stops paying the premium after 5 years, then the accumulated policy fund amount till the date of discontinuance shall be paid to the policy holder and the policy will terminate immediately.

 

You want to surrender the policy – Surrender of Plan is not allowed in the first 5 years. If the policyholder surrenders the policy after completion of 5 policy years, then the insurance cover will cease and your fund value shall be paid immediately and the policy would be terminated.

 

You want a loan against your policy - There is no loan available under this plan.