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ICICI Life Signature
ICICI Life Signature is a Unit-Linked Insurance Plan (ULIP) that offers both life cover and long-term wealth creation opportunities. It allows you to invest in multiple fund options, enjoy loyalty additions, and make partial withdrawals as needed. With tax benefits, low charges, and flexibility, it helps you protect your loved ones while working towards your financial goals.
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ICICI Life ULIP Plans
- ICICI Life Signature
List of ULIP Funds ~
Fund Name
AUM
NAV
Returns (in %)
3 Year
5 Year
10 Year
Midcap Fund
SBI Life
AUM:67,697 Cr
67,697 Cr
NAV
48.82
0.39%
Returns
14.11%
Opportunities Fund
HDFC Life
AUM:35,621 Cr
35,621 Cr
NAV
76.05
0.62%
Returns
10.29%
High Growth Fund
Axis Max Life
AUM:16,228 Cr
16,228 Cr
NAV
118.76
1.11%
Returns
20.3%
Highest Returns
Opportunities Fund
ICICI Prudential Life
AUM:3,711 Cr
3,711 Cr
NAV
57.84
0.46%
Returns
12.09%
Highest Returns
Multi Cap Fund
Tata AIA Life
AUM:12,199 Cr
12,199 Cr
NAV
65.18
0.76%
Returns
12.22%
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Disclaimer :
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
What is ICICI Pru Signature Plan?
The ICICI Pru Signature Plan is a non-participating Unit Linked Life Insurance Plan (ULIP) that combines protection with wealth creation. It allows policyholders to invest in a range of funds across equity, debt, and balanced asset classes while offering life insurance coverage for financial protection.
This plan is suitable for individuals who want to:
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Grow their wealth over time
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Enjoy flexibility in investment
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Plan for long-term goals such as children’s education, marriage, or retirement
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Secure their family’s future in their absence
ICICI Pru Signature Plan Features
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Choice of 4 Portfolio Strategies: ICICI Pru signature is an investment option that is designed to cater to your investment with Fixed Portfolio Strategy, Trigger Portfolio Strategy 2, LifeCycle Based Portfolio Strategy 2, and Smart Portfolio Strategy.
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13 Fund Options: Choose from a variety of equity, debt, and balanced funds based on your risk appetite and investment goals.
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Zero Allocation Charges from 6th Year: Starting the 6th policy year, no premium allocation charges are deducted.
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Return of Mortality Charges (ROMC): On policy maturity, all the life cover charges deducted over the years are returned (if applicable).
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Systematic Withdrawal Plan (SWP): Get regular income by opting for automated withdrawals after the 5th policy year.
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Top-up Option: Add more premium anytime after the first policy year to boost your fund value.
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Partial Withdrawals: Flexibility to withdraw money after 5 years to meet financial needs.
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Tax Benefits: Get deductions under Section 80C and tax-free maturity benefits under Section 10(10D), as per prevailing tax laws.
ICICI Pru Signature Plan – Eligibility & Plan Details
Below is the eligibility criteria for the given investment plan:
| Parameter | Details |
| Policy Term | 10 to 30 years; Whole Life: up to 99 years |
| Premium Payment Term | Limited Pay: 5, 7, or 10 years; Regular Pay: same as Policy Term; Whole Life: 7, 10, or 15 years |
| Premium Payment Mode | Monthly, Half-Yearly, Annually |
| Minimum Entry Age | 0 years |
| Maximum Entry Age | 60 years |
| Maturity Age | For non-Whole Life: 18–75 years; For Whole Life: up to 99 years |
| Minimum Premium | ₹30,000 per annum for non-Whole Life; ₹60,000 per annum for Whole Life policies |
| Maximum Premium | No upper limit, subject to underwriting guidelines |
| Grace Period | 30 days (15 days for monthly mode) |
Sum Assured Details
The Sum Assured depends on the policy type and the age at entry:
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For policies other than Whole Life:
Age Details Age 0–44 years: Minimum – 7x Annual Premium; Maximum – Higher of (10x Annual Premium) or (0.5 x Policy Term x Annual Premium) Age 45 years and above: Minimum – 7x Annual Premium; Maximum – 10x Annual Premium -
For Whole Life policies:
Age Details Age 0–44 years Minimum – 7x Annual Premium; Maximum – Higher of (10x Annual Premium) or ((70 – age at entry) × 0.5 × Annual Premium) Age 45–58 years Minimum – 7x Annual Premium; Maximum – 10x Annual Premium Age 59–60 years Fixed at 7x Annual Premium
Latest ULIP NAVs
| Fund Name | NAV  |
AUM |
5 Yr Returns |
10 Yr Returns | |
|---|---|---|---|---|---|
| Bandhan Life Debt Fund | ₹40.25 | ₹92 Cr | 5.21% | 6.14% | |
| Bandhan Life Secure Fund | ₹29.02 | ₹48 Cr | 5.26% | 4.52% | |
| Bandhan Life Blue Chip Equity Fund | ₹29.29 | ₹201 Cr | 7.56% | 10.36% | |
| Bandhan Life Stable Fund | ₹31.65 | ₹15 Cr | 5.06% | 7.9% | |
| Bandhan Life Accelerator Fund | ₹45.9 | ₹207 Cr | 11.36% | 12.55% | |
| Bandhan Life Opportunity Fund | ₹40.67 | ₹243 Cr | 14.12% | - | |
| Aegon Balanced | ₹43.2 | ₹12 Cr | 5.43% | 8.09% | |
| Aegon Enhanced Equity | ₹65.58 | ₹111 Cr | 9.24% | 11.5% | |
| Aegon Pension Balanced | ₹49.34 | ₹2 Cr | 6.28% | 8.64% | |
| Aegon Pension Debt | ₹31.99 | ₹4 Cr | 5.04% | 5.94% | |
| Aegon Pension Enhanced Equity | ₹106.66 | ₹16 Cr | 9.62% | 11.75% | |
| Aegon Pension Index | ₹80.25 | ₹6 Cr | 4.89% | 9.75% | |
| Aegon Pension Secure | ₹28.84 | ₹1 Cr | 4.65% | 4.91% | |
| Aegon Life Group Equity Fund | ₹56.57 | ₹13 Cr | 10.27% | - | |
| Bandhan Life Pension Nifty 500 Momentum Quality 50 Index Fund | ₹9.21 | ₹3 Cr | - | - | |
| Bandhan Life Flexi Cap Fund | ₹10.92 | ₹101 Cr | - | - | |
| Bandhan Life Mid Cap Fund | ₹9.98 | ₹95 Cr | - | - |
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Benefits of the ICICI Pru Signature Plan
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Maturity Benefit
At the end of the policy term, if the policy is in force, the insured receives the Fund Value along with the Top-up Fund Value, if any. This can be availed as a lump sum or through a structured payout using settlement options.
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Death Benefit
In the unfortunate event of the policyholder’s death (while the policy is active and funds are not in the Discontinued Fund), the nominee will receive the highest of the following:
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The Sum Assured (including Top-up Sum Assured)
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The total Fund Value (including Top-up Fund Value)
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105% of total premiums paid till date
Note: The Death Benefit does not apply when the policy is in the Discontinued Policy Fund.
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Surrender Benefit
If the policy is surrendered:
Before 5 years: The Fund Value is transferred to the Discontinued Policy Fund. It earns a minimum guaranteed return of 4% p.a. (subject to IRDAI change), and is paid after lock-in or upon death.
After 5 years: Full Fund Value is paid immediately upon surrender.
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Systematic Withdrawal Plan (SWP)
After the 5th policy year, policyholders can opt for regular income withdrawals through SWP. This is ideal for retirees or those needing periodic income.
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Partial Withdrawals
Allowed after 5 policy years. The minimum age for making withdrawals is 18 years.
ICICI Pru Signature Plan Additional Details
Policy Discontinuance & Revival
Discontinuance Before 5 Years:
Funds are transferred to the Discontinued Policy Fund (DPF).
During this period:
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Life cover and risk riders are not active.
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No charges except 0.50% p.a. fund management fee.
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DPF earns 4% p.a. (current guaranteed return).
Revival:
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Can be done within 3 years from the first unpaid premium.
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No interest or fees are charged on revival.
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Premium allocation and policy administration charges are reinstated.
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Risk cover is restored, and funds are moved back from DPF to chosen funds.
Exclusions of ICICI Pru Signature Plan
As with all life insurance policies, the ICICI Pru Signature Plan has a suicide exclusion:
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If the life assured commits suicide within 12 months of policy commencement or revival, only the Fund Value (including Top-up Fund Value) will be paid to the nominee.
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Any charges deducted after the date of death, except Fund Management and Guarantee Charges, will be added back.
If the Sum Assured is increased, any increase will not be included in the death benefit if suicide occurs within 12 months of that increase.
FAQs
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What is the ICICI Pru Signature Plan?
The ICICI Signature Plan is a ULIP that offers life insurance protection and investment opportunities through a range of funds and strategies, helping you achieve long-term financial goals. -
How long can I revive my policy after it lapses?
You can revive the policy within 3 years from the date of the first unpaid premium. No penalty or interest is charged. Charges applicable during discontinuance will be reinstated upon revival. -
Can I switch portfolio strategies during the policy term?
Yes, you can switch your investment strategy up to four times in a year free of charge. -
What are the tax benefits under this plan?
Premiums paid are eligible for deduction under Section 80C. Maturity benefits are exempt under Section 10(10D), subject to prevailing tax laws and conditions. -
Can I increase or decrease my Sum Assured?
Yes, you can adjust the Sum Assured during the policy term, subject to underwriting approval and all due premiums being up to date. Any change may involve re-evaluation of your eligibility, medical underwriting, and applicable charges as per the plan’s terms.
Insurers Offering ULIPs
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ