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Tuesday, January 18, 2011

ICICI PRUDENTIAL LIFE LINK WEALTH POLICY

About Policy :
ICICI Prudential Life Insurance Company Introduced one of the new policy. That is ICICI Life Link Wealth Policy. This policy is concerned to health insurance.

If you are purchase this policy you will forgot all worries in 1 installment or pay premium once and stay invested for a long term. This policy is completely based to Wealth Solutions.

Benefits from this policy :
Single Premium ULIP : Pay premium only once and stay invested for a long term.
Loyalty Addition : Get up to 2.5% of Fund Value, at the end of every fifth policy year, starting from the tenth policy year, if your annual premiums Rs.50,000 or above.
Protection for you and your family members : Choose between 125% or 500% of premium as the Sum Assured to suit your protection needs.
Top Up: Invest your surplus money into the policy as top-ups at your own convenience.
Tax Benefits : Avail tax benefits on the premium paid as well as any benefits received under the policy, as per the prevailing Income Tax Laws.

Policy Works :
Choose the premium amount, sum assured and portfolio strategy for your policy. After deducting the premium allocation charge, the balance amount will be invested as per the portfolio strategy of your choice. In the unfortunate event of your death during the term of the policy, your nominee will receive Sum Assured or Fund Value, whichever is higher. At maturity, the Fund Value will be paid to you as a lump sum.

Portfolio Strategies :
Your premium amount will be invested as per the portfolio strategy of your choice. You have 2 options to invest your money through this ULIP:
Trigger Portfolio strategy or Automatic Allocation.
Fixed Portfolio Strategy or Fixed Allocation.

Eligibility:
Minimum Premium is Rs.40,000, Minimum age entry is 0 and maximum is 60 years, minimum maturity age is 18 and maximum is 70 years, sum assured is 125% to 500% of single premium and policy terms are 10, 20, 30 years.

Charges under the policy :
Premium Allocation Charges
Policy Administration Charges
Fund Management Charges

Mortality Charges as per the rules.
Switching Charges as per the rules.
Miscellaneous Charges as per the rules.

Tax Benefits :
Tax benefits under the policy are subject to conditions under Section 80C and Section 10(10D) of the Income Tax Act, 1961. Service tax and education cess will be charged extra as per applicable rates.

If you are thinking about this policy to purchase note the main key words that is pay premium once and stay invested for a long time, enjoy market linked returns, life cover to ensure financial protection for your family and Avail tax benefits on premium paid. It means Kick out all your future worries in 1 premium installment and 1 policy that is ICICI’s Life Link Wealth Insurance.

If you are interest to purchase this policy please contact +91-98860-43598

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