Overview
You have dreams for yourself and the ones you love. You need a financial plan that helps you achieve these dreams while protecting them in adverse situations. With this objective in mind, we present ICICI Pru LifeTime Classic – a protection and savings oriented unit linked life insurance plan. This plan offers you a life insurance cover5 to protect your family in case of your unfortunate demise along with multiple choices on how to save to help you achieve your financial goals.
Feature of ICICI Pru Lifetime Classic
- Choice of protection level: Choose the level of protection that suits your needs.
- Loyalty Additions1 and Wealth Boosters2 for staying invested in the policy
- Tax benefits3 may be applicable on premiums paid and benefits received as per the prevailing tax laws
- Choice of 4 Portfolio Strategies as per your needs
- Partial withdrawals4 to access your money in times of need
Disclaimers
In a unit linked insurance plan, the investment risk in investment portfolio is borne by the Policyholder. Unit linked Insurance products do not offer any liquidity during the first five years of the contract. The Policyholder will not be able to surrender/withdraw the monies invested in unit linked insurance products completely or partially till the end of the fifth year.
- Loyalty Addition will be a percentage of the average of daily Fund Values including Top-up Fund Value, if any, in that same policy year as mentioned in the brochure.
- Wealth Boosters will be allocated as extra units at the end of every fifth policy year, starting from, the end of the tenth policy year. Wealth Booster will be equal to a percentage of the average of the Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters. For more details, refer to product brochure.
- Tax benefits under the policy are subject to conditions under Section 80C, 80D,10 (10D), 115 BAC and other provisions of the Income Tax Act, 1961.Good and Service tax and Cesses, if any will be charged extra as per prevailing rates. Tax laws are subject to amendments made there to from time to time. Please consult your tax advisor for details, before acting on above.
- Partial withdrawals are allowed only after the first five policy years and on payment of all premiums for the first five policy years.
- Life Cover is the benefit payable on death of the life assured during the policy term.
The plan is not a guaranteed issuance plan, and it will be subject to the Company’s underwriting and acceptance. INDUSIND Bank Limited (CA Registration No:CA0001) is the Corporate Agent of ICICI Prudential Life Insurance Company Limited and does not underwrite the risk or act as an insurer. INDUSIND Bank Limited, 2401, Gen. Thimmayya Rd., (Cantonment), Pune – 411001. Participation by the Bank’s clients in the insurance products is purely on voluntary basis. Call us on 1860 267 7777.
© ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. Regn. No. 105. CIN: L66010MH2000PLC127837.
Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600. Customer helpline number - 1860 266 7766. Timings – 10:00 A.M. to 7:00 P.M., Monday to Saturday (except national holidays). Member of the Life Insurance Council. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale. The trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. ICICI Pru Lifetime Classic UIN. 105L155V08. Advt. No W/II/0860/2023-24..To know more, please visit www.iciciprulife.com.
BEWARE OF SPURIOUS /FRAUD PHONE CALLS!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
IRDAI CAUTIONS PUBLIC AGAINST SPURIOUS CALLS AND FICTITIOUS OFFERS