ICICI Prudential ULIP Plans

ICICI Prudential ULIP Plans (Unit Linked Insurance Plans) are financial products offered by ICICI Prudential Life Insurance that combine investment and insurance benefits. These plans provide you with a choice of portfolio strategies for your savings and, at the same time, secure you against the uncertainties of life.

Read more
Best ULIP Plans
  • Guaranteed Tax Savings

    Guaranteed Tax Savings

    Under sec 80C & 10(10D)
  • savings

    ₹1 Crore

    Invest ₹10k Per Month*
  • Zero LTCG Tax

    Zero LTCG Tax

    Unlike 10% in Mutual Funds

Top performing plans with High Returns*

Invest ₹10K/month & Get ₹1 Crore returns*

+91
Secure
We don't spam
View Plans
Please wait. We Are Processing..
Your personal information is secure with us
By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs #Discount offered by insurance company
Get Updates on WhatsApp
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold
Large Cap
Mid Cap
Balanced
Debt
Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Multi Cap Growth Fund
Fund Size: 18,397 Cr
18,397 Cr
46.2 0.28%
14.08%
11.15%
14.17% Highest Returns
Get Details
Bluechip Fund
Fund Size: 4,205 Cr
4,205 Cr
40.27 0.35%
14.63% Highest Returns
12.67%
13.7%
Get Details
Maximiser Fund V
Fund Size: 53,401 Cr
53,401 Cr
46.59 0.35%
14.94% Highest Returns
12.31%
13.28%
Get Details
Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Opportunity Fund
Fund Size: 2,636 Cr
2,636 Cr
49.71 0.31%
16.13% Highest Returns
13.78%
15.02%
Get Details
Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Multi Cap Balanced Fund
Fund Size: 2,116 Cr
2,116 Cr
36.93 0.13%
10.98%
9.22%
11.21% Highest Returns
Get Details
Fund Details
Fund Size
NAV
5 Year
7 Year
10 Year
Income Fund
Fund Size: 9,165 Cr
9,165 Cr
28.88 -0.02%
6.55%
6.36%
7.72% Highest Returns
Get Details
Money Market Fund
Fund Size: 2,952 Cr
2,952 Cr
25.63 0.00%
5.14%
5.5%
6.29% Highest Returns
Get Details
grow your wealth

Grow Your Wealth!

Best ULIP Funds - Consider the best performing ULIP funds to invest in 2023 with Policybazaar. Find the list of best ULIP funds in India on the basis of Returns, Latest Nav, Fund Size and Categories

Types of ULIP Plans Offered by ICICI Prudential Life Insurance

There are 6 ICICI Prudential ULIP plans available to you for investing your money. The plans are:

  1. ICICI Pru Signature

    ICICI Pru Signature is a Unit Linked Insurance Plan (ULIP) offered by ICICI Prudential Life Insurance. It is a plan that combines life insurance with the potential for market-linked returns. This means that you can get the benefits of both insurance and investment in one single plan.

    Here are some of the key features of ICICI Pru Signature:

    • Life cover: It provides a life cover to your loved ones in case of your unfortunate demise. The life cover amount is determined by the sum assured you choose and your premium paying term.

    • Investment: A portion of your premium is invested in a variety of funds that are linked to the stock market. The value of your investment will fluctuate based on the performance of the underlying assets.

    • Flexibility: You can choose from a variety of investment options and switch between them as per your risk appetite and market conditions.

    • Tax benefits: You can avail tax benefits on your premiums paid and the maturity proceeds under Section 80C and 10(D) of the Income Tax Act, 1961.

  2. ICICI Pru LifeTime Classic

    ICICI Pru LifeTime Classic is a non-participating unit-linked insurance plan (ULIP) that combines:

    Market-linked returns: Your premiums are invested in a variety of funds, offering the potential for growth based on market performance.

    Life cover: Your loved ones receive a sum assured in case of your unfortunate demise during the policy term.

    Here are some key features of the plan:

    • Choice of portfolio strategies: You can choose from different investment strategies based on your risk appetite and financial goals. These include:

    • Lifecycle-based strategy: Automatically adjust your portfolio mix as you age.

    • Target Asset Allocation strategy: Maintains a specific balance between equity and debt funds.

    • Trigger Portfolio strategy: Aim to buy low and sell high based on market movements.

    • Easy access to your money: You can partially withdraw your funds after a lock-in period, subject to certain conditions.

    • Life cover protection: You can choose a sum assured that suits your needs, providing financial security for your loved ones.

    • Rewards for long-term commitment: You can earn loyalty additions and wealth boosters for staying invested for a longer period.

    People also read: What is ULIP

  3. ICICI Pru1 Wealth

    ICICI Pru1 Wealth is a unit-linked insurance plan (ULIP) that combines investment and life insurance benefits in a single policy. It's designed for individuals who want to grow their wealth while also securing financial protection for their loved ones.

    Key features of this plan are:

    • Single Premium: Invest just once at the beginning and let your money grow for the entire policy term.

    • Market-Linked Growth: 100% of your invested amount goes into a wide range of carefully chosen funds, offering the potential for market-linked returns.

    • Life Cover: Enjoy peace of mind knowing your loved ones are protected with a life insurance cover in case of an unfortunate event.

    • Wealth Boosters: Get a bonus payout (a percentage of your single premium) at the end of the policy term as a reward for your long-term commitment.

    Invest more and Get more with ULIP Plan Invest more and Get more with ULIP Plan
  4. SmartKid with ICICI Pru Smart Life

    ICICI Pru SmartKid is a child-oriented unit-linked insurance plan (ULIP) offered by ICICI Prudential Life Insurance. It combines investment and life insurance benefits to help secure your child's future.

    Key Features:

    • Investment Growth: Choose from a range of unit-linked funds to suit your risk appetite and investment goals.

    • Education Milestone Security: Guaranteed payouts at predetermined milestones like higher education or marriage.

    • Life Cover: Lump sum death benefit to your child in case of your untimely demise.

    • Easy Access to Funds: Partial withdrawals allowed for specific needs.

    • Lump Sum Payout Option: Receive the entire maturity benefit as a lump sum at the end of the policy term.

    • Premium Waiver on Death: Future premiums waived off in case of your unfortunate demise, ensuring the policy continues to benefit your child.

    • Rewards for Long-Term Investment: Earn loyalty additions and wealth boosters for staying invested for the long term.

    People also read: ULIP Calculator

  5. ICICI Pru SmartLife

    ICICI Pru Smart Life is a unit-linked insurance plan (ULIP) that combines life insurance coverage with the potential for investment growth through participation in the capital markets.
    Key Features:

    • Life Cover: Choose the desired level of life cover to ensure your family receives a lump sum payout in case of your unfortunate demise. This financial cushion helps them maintain their lifestyle and navigate future challenges.

    • Wealth Creation Potential: Invest in a diverse range of market-linked funds based on your risk appetite and investment goals. Over time, these funds have the potential to grow your wealth significantly, providing additional savings for your family's future needs.

    • Investment Flexibility: Customize your investment strategy to suit your needs and risk tolerance. Choose from various fund options catering to diverse risk profiles and investment goals.

    • Security and Protection: Enjoy peace of mind knowing your loved ones are financially protected thanks to the life cover and premium waiver benefit. This plan helps secure their future even during uncertain times.

    Invest in high growth ULIP Plans Invest in high growth ULIP Plans
  6. ICICI Pru Guaranteed Wealth Protector

    ICICI Pru Guaranteed Wealth Protector is a unit-linked insurance plan that combines the potential for high returns with the safety of guaranteed benefits and life cover. 

    Here are its key features:

    • Assured Benefits: This plan guarantees a minimum return on your investment, even if the markets perform poorly. This assured benefit is typically 101% of the total premiums paid and is payable upon policy maturity.

    • Premium Payment Flexibility: You can choose a premium payment term that suits your budget, ranging from a single payment to 5 years. This allows you to invest a lump sum or spread your payments over time.

    • Wealth Boosters and Loyalty Additions: The plan rewards you for staying invested for the long term. You'll receive loyalty additions and wealth boosters that increase your fund value over time.

    • Safety of a Life Cover: The plan provides life insurance protection for your loved ones. In case of an unfortunate event during the policy term, your family will receive a death benefit.

People Also Read: ICICI Prudential Nifty Midcap 150 Index Fund

Conclusion

Before investing in a ULIP, it's crucial to carefully consider your financial goals, risk appetite, and investment horizon. You should also compare different ULIP plans and understand the associated charges before making a decision.

Frequently Asked Questions

  • What is ULIP in ICICI Prudential?

    ICICI Prudential ULIPs are investment products that combine market-linked investments with life insurance cover. You invest premiums in funds, potentially growing your wealth, and your family receives a death benefit if you pass away during the policy term.
  • Is ULIP good for 5 years?

    ULIPs have a 5-year lock-in period, making them suitable for long-term goals. Consider them for long-term financial plans like wealth creation or child education.
  • What is the return of ULIP in 10 years?

    ULIP returns depend on market performance and chosen funds, but long-term investment options like ULIPs can offer significant growth.
  • How to pay premium? What are the modes of payment available?

    For receiving continuity of your policy benefits, it is critical to pay premiums on time. You can pay your ICICI Life Insurance premium through these 11 methods:
    • Net Banking
    • Credit card
    • Bill desk
    • Bank Website Debit Car+ ATM PIN
    • Debit Card
    • Bill junction
    • Infinity
    • E-collect
    • Rupay Debit Card
    • Skypack drop box
    • MINC Drop Box

    For paying premium online, you can login to e-portal

    Step 1: Enter your policy details – policy number and policyholder’s date of birth

    Step 2: Select your online bank account, debit/ credit card or use the NEFT facility to pay the premium

    Step 3: Authenticate and confirm your payment details and receive online confirmation

  • How can I check policy status for ICICI Prudential ULIP plans?

    You can check the policy status via online, or opt for SMS and e-mail reminder facility.

    You can check ICICI Prudential Life Insurance Policy Status Online as follows.

    • Open ICICI Prudential Life Insurance website in your browser
    • Now you will be directed to a new window. On the top right side of this new page you can see the customer login section
    • Enter user ID and password to navigate to checking the policy status

    Only registered users can access the portal, so you need to sign up for the service, if you haven’t yet.

  • What is the policy renewal process for for ICICI Prudential ULIP plans?

    Online Policy Renewal facility is available to all ICICI Life Insurance customers. The process is as follows;

    Step 1: Login into the website with your Client ID and password.

    Step 2: Select the policy due for renewal payment. Click Pay Renewal Premium Now

    Step 3: Choose payment option- NEFT, Credit Card/Debit Card

    Step 4: Authenticate and confirm your payment details and print out the payment receipt

  • What is the company’s process to settle claim for for ICICI Prudential ULIP plans?

    Step 1: Complete the claim form through -

    Email - lifeline@iciciprufile[dot]com

    Phone-Call a claim care

    Online claim

    From branch office

    Step 2: Form Evaluation

    The Claim Care department examines the claim and if any essential documents are missing, the team immediately notifies the policyholder of the same. The team keeps the claimant up-to-date on the process via Emails.

    Step 3: Claims Processing

    On receipt of all the essential documents, the Claims department processes the application within 12 calendar days, if no investigation is needed for checking the claim made.

    For quick access to claim funds, ICICI Life Insurance transfer funds directly into the beneficiary’s bank account.

    In case of cashless hospitalization, you need to produce the relevant medical bills and reports, issued by the attending physician.

    Upon completion of these documents, submit them to your nearest ICICI branch.

  • What is the policy cancellation process for ICICI Prudential ULIP plans?

    You need to keep your policy for a minimum of 3 years before you can cancel it. You need to fill a surrender form at any of the ICICI Prudential Life branches, and submit your policy documents. The cancellation process will take 30 days to complete and the surrender value funds will be directly transferred to your bank account.

    If you signed up for a single premium policy, you can cancel it after the first policy year.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Tax benefit is subject to changes in tax laws
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

top

Become a Crorepati

Invest ₹10K/Month & Get ₹1 Crore returns*

Mobile +91
*T&C Applied.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL