ICICI Prudential Elite Wealth II Plan is a non-participating Unit Linked Plan which provides good returns through market participation and also insurance coverage for unforeseen emergencies
Guaranteed Tax Savings
Under sec 80C & 10(10D)₹1 Crore
Invest ₹10k Per Month*Zero LTCG Tax
Unlike 10% in Mutual FundsPeople Also Read: ICICI Prudential Nifty Midcap 150 Index Fund
|
Minimum |
Maximum |
Entry Age (Last Birthday) |
0 years |
Single & Regular Pay – 70 years Limited pay – 55 years |
Maturity Age (Last Birthday) |
18 years |
Single pay & Regular Pay – 80 years Limited pay – 75 years |
Policy Term (PT) in years |
10 |
30 |
Premium Paying Term (PPT) in years |
Single Pay or 5 Pay or equal to policy term |
|
Premium Paying Frequency |
Yearly, half-yearly, monthly or Single |
|
Yearly Premium |
500,000 |
No limit |
Sum Assured |
Limited & Regular Pay – Higher of 10*annual premium or 0.5*term*annual premium for ages<45 yrs. or higher of 7*annual premium or 0.25*term*annual premium for ages>=45 yrs. Single Pay – 1.25*SP |
Limited & Regular Pay – as per SA multiples Single Pay – 10*SP for ages<42 yrs. or 1.25*SP for ages>=42 yrs. |
Illustration for a policy term of 20 years:
|
5 Pay |
Regular Pay |
Age |
35 years |
35 years |
Premium |
500,000 |
50,00,000 |
Sum Assured |
500,000 |
500,000 |
Fund Value @ 4% |
39,30,926 |
79,54,211 |
Fund Value @ 8% |
1,39,53,102 |
2,19,58,102 |
Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
*Tax benefit is subject to changes in tax laws
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