ICICI Life Lakshya Wealth

The ICICI Pru Lakshya Wealth Policy is a conventional participating life insurance product with in-built flexibility, and enough features loaded to meet the financial needs while protecting throughout the policy term. 

Eligibility Criteria of ICICI Pru Lakshya Wealth

The following are the eligibility criteria of the policy.

Benefits of ICICI Pru Lakshya Wealth

According to the ICICI Pru Lakshya Wealth Reviews, the policy delivers a host of advantages that helps wealth grow and ensures capital safety. 

1. Death Benefit

   On death within the policy term, the nominee is paid Death Sum Assured inclusive of accrued additions, provided the ICICI Pru Lakshya Wealth Policy status is active. 

2. Maturity Benefit

   On survival, the Maturity Sum Assured is paid at the end of the policy term. It includes the accrued regular additions and Guaranteed Value Benefits (GVB). The policy terminates on payment of the above-described benefits.

3. Guaranteed Value Benefits

   They are designed to enhance the maturity benefits by adding on accounts of the 4S-Start early, Stay More, Save More, and SHE or women policyholders. 

4. Tax Benefit

   The premium paid and the benefits received during a financial year enjoys tax-exemption under Sections 80C and 10(10D) of the Income Tax Act, 1961. 

*Tax benefit is subject to changes in tax laws

Premium for ICICI Pru Lakshya Wealth

The ICICI Pru Lakshya Wealth premium payment option is Limited Pay only.  Accordingly, the sample indicative, annual premium payable based on PPT and the policy term is:

Limited Pay 5:

• Policy Term 12 years; Rs. 50000
• Policy Term 15, 20, 25, and 30 years: Rs.40000

Limited Pay 7: 

• Policy Term 12 years; Rs. 30000
• Policy Term 15, 20, 25, and 30 years: Rs.30000

Limited Pay 10/12: 

• Policy Term 15 years; Rs. 24000

• Policy Term  20, 25, and 30 years: Rs.12000

*Standard T&C Apply

Documents Required to Purchase ICICI Pru Lakshya Wealth

• ID Proof
• Age Proof
• Address Proof
• Income Proof
• Bank account Proof
• Recent Photograph

How to Buy this Plan Online?

The online ICICI Pru Lakshya Wealth purchase option is open to the applicant. As a first step, the applicant can check the premium amount with a suitable plan model using the ICICI Pru Lakshya Wealth calculator. The other steps are simple:

• Choose the Sum Assured. 
• Select the Policy Payment Term, Policy Term and finally, the Premium Payment frequency. 
• Get a quote for the modelled plan.
• Pay the amount to complete the purchase. 

Exclusions of ICICI Pru Lakshya Wealth

In case of death by suicide of the policyholder within 12 months of the commencement of the policy or its revival, the liability of the insurer is restricted to 80% of the paid premium or the policy Surrender Value as on the insured's death date( whichever is greater). 

FAQ's