ICICI Pru Lakshya Wealth

The life-goals and aspirations of people evolve over a period.  In the rapidly changing lifestyle, bigger goals like child's education, wedding, owning an asset, financial liquidity, and provisions for a contented retired life need a financial strategy to balance protection and savings in tune with the emerging trends. The ICICI Pru Lakshya Wealth helps the individual to adapt to achieve the milestones and give room to the family to realize their dreams.

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kapil-sharma
  • 4.8++ Rated
  • 7.7 Crore Registered Consumer
  • 51 Partners Insurance Partners
  • 4.2 Crore Policies Sold

Investment Plans

  • Guaranteed Tax Savings^Under sec 80C & 10(10D)
  • Under sec 80C & 10(10D)Invest ₹10k Per Month*
  • Zero LTCG Tax^
Buy Online & Get upto 4% extra#
Get Guaranteed returns along with life cover
invest in 100% Guaranteed Return Plans Tax benefits under sec 80C & No Tax on returns*
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Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs
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We are rated++
rating
9.7 Crore
Registered Consumer
51
Insurance Partners
4.9 Crore
Policies Sold
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

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.

Parameters Description
Policy Tenure Limited Pay 5 and 7: 12, 15, 20, 25, and 30 years Limited Pay 10 and 12  : 15, 20, 25, and 30 years
Premium Paying Term(PPT)  Limited Pay: 5, 7, 10, and 12  years
Premium Paying Mode Limited Pay: Yearly, Half-yearly,   or Monthly
Entry Age  Minimum: 0 years Maximum: 70 years minus the Policy Term (Depends on the PPT and the Policy Term)
Maturity Age  18 -70 years
Grace Period  30 days; 15 days for monthly mode of payment 
Sum Assured (on death) Higher of (10 X Annualized Premium or PPT X Annualized Premium)
Liquidity Loan facility is available under this policy once policy acquires surrender value. 

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

˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India 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

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Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Invest More Get More!
You Get
₹1 Crores*
You Invest
₹10K/month
You Get
₹80 Lakhs*
You Invest
₹8K/month
You Get
₹50 Lakhs*
You Invest
₹5K/month
Average Rating
(Based on 1226 Reviews)
Investment Plan 3

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ICICI Pru Lakshya Wealth Reviews & Ratings

4.6 / 5 (Based on 1226 Reviews)
(Showing Newest 10 reviews)
Rohan
Delhi, February 15, 2025
Exciting New Offering
The PNB MetLife NIFTY five hundred Momentum fifty Index Fund seems like a smart way to participate in the markets momentum.
 Anika
Mumbai, February 15, 2025
Promising Start
The fund focuses on momentum investing within the NIFTY five hundred is intriguing. Looking forward to seeing how it performs
Sushil
Guwahati, January 27, 2025
Transparent Information
I appreciate how Policybazaar presents transparent information about fees NAVs and fund objectives. It made decisionmaking much easier.
Manish
Ranchi, January 26, 2025
Easy Investment Process
Investing in NFOs through Policybazaar has been incredibly convenient. The process is straightforward and I was able to choose my preferred NFOs without any hassle.
Priyanka
Bhubaneswar, January 24, 2025
Trustworthy Option
Axis Max Life Sustainable Wealth fifty Index Fund is a trustworthy investment and Policybazaars platform makes investing easy and accessible for everyone.
Amit
Mumbai, January 18, 2025
Flexibility
Investing through Policybazaar allows for flexible investment options. Whether its SIP or lump sum I can choose what fits my financial goals.
Neha
Visakhapatnam, January 18, 2025
Easy KYC Process
The KYC verification was simple and fast which made my investment journey smooth.
Prashant
Udyapur, January 16, 2025
Good
I gifted life traditional plan to my wife. The policy coverage is 95% and the claims are Rs.41 L. Services provided by the executives is really very good and online facility also there which have easy interface. My wife is happy with this policy, so m i. Good Job.
Karan
Kota, January 16, 2025
Nice
I have the best policy plan from pnb metlife life insurance. The benefits are many with low premiums. Policy coverage is 91%. Claims approx. Rs.39 L with easy procedure to get it. Good future investment. I'm happy with it.
Harish
Mysore, January 16, 2025
Normal Plan
I Bought pnb metlife life insurance and took traditional insurance policy plan. The policy is average and the coverage is 70%. The claims are normal but the premiums are low. The service is okay which provided by the staff members. Good future investment and tax cutter also. Satisfied.
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