ICICI Pru – LifeTime Classic
Unit Linked Insurance Plan
A protection and savings oriented unit-linked insurance plan. This plan offers you a life insurance cover to protect your family in case of your unfortunate demise along with multiple choices on how to invest to help you achieve your financial goals.
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Why you need this Plan ?
INVEST FOR A BRIGHTER FUTURE
1
Nine (9) fund options to opt
2
Loyalty benefits get added to fund value starting from 6th year
3
Wealth booster will be allocated every 5th year starting from 10th policy year
| Premium Payment Term | Loyalty Additions | Wealth Booster | |
| (End of 6 & 7 years) | (End of 8 years onwards) | (End of every fifth year, starting from the end of tenth policy year) | |
| 5 years – 6 years | 0.1% | 0.1% | 1% |
| 7 years – 9 years | 0.1% | 0.3% | 1% |
| 10 years and above | 0.15% | 0.3% | 2% |
| Single Pay | 0.25% | 0.25% | 1.5% |
4
One partial withdrawal is allowed per year starting from 6th year
5
4 Free switches are allowed every year
6
Top up is allowed anytime other than last 5 years of policy term
7
Premium allocation charges are as below
| Premium payment frequency | Year 1 | Year 2&3 | Year 4 | Year 5 | Year 6&7 | Thereafter |
| Annual | 6% | 6% | 6% | 6% | 4% | 2% |
| Non-annual | 6% | 5% | 4.5% | 4% | 4% | 2% |
8
Single pay will attract 3% premium allocation charges
9
Policy Administration charges
- Minimum 1.14% of Annual premium, maximum subject to charge of INR 500 per month.