ICICI Prudential Wealth Builder II Plan

ICICI Prudential Wealth Builder II Plan is a non-participating ULIP Plan that allows you to grow your money through market-linked investments and also provides life insurance coverage to safeguard the future of your family financially.

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
In-built life cover
Top performing plans with High Returns*
Invest ₹10K/month & Get ₹1 Crore returns*
We don’t spam
Please wait. We Are Processing..
Your personal information is secure with us
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
Get Updates on WhatsApp
We are rated~
58.9 Million
Registered Consumer
Insurance Partners
26.4 Million
Policies Sold

Investment Return Calculator (Power of Compounding)
  • One Time
  • Monthly
  • Yearly

Invest For (in Years)

1 30

Stay invested for (in Years)

1 30

Expected rate of return (in %)

1 35
View Plans

ICICI Prudential Wealth Builder II - Key Features

  • The plan provides 3 types of premium payment option i.e. limited pay, single pay and regular pay.
  • ICICI Prudential Wealth Builder II Plan provides two investment options- Fixed Port Folio Strategy and Lifecycle Based Portfolio Strategy.

Fixed Portfolio Strategy- This strategy provides a choice of 8 fund options for investment purpose. The Fixed Portfolio Strategy offers Automatic Transfer Strategy (ATS) to the insured in which a part of investment or all vested money is collected in income fund or money market and then it is transferred in yearly or monthly basis to any of the remaining 7 funds.

The 7 fund options offered by Fixed Portfolio Strategy are:-    

  1. Opportunities Fund
  2. Multi Cap Growth Fund
  3. Blue-chip Fund
  4. Maximizer V
  5. Multi Cap Balanced Fund
  6. Income Fund
  7. Money Market Fund

Lifecycle Based Portfolio Strategy- Under this strategy, the investment choice is offered depending on the age of the policyholder. On the basis of the insured’s age, the investment is divided in a fixed ratio between income fund and multi cap growth fund. In order to protect income fund against market volatility and to maintain uniformity towards maturity the ration of investment is balanced quarterly. To enhance the fund value the insured is provided with loyalty addition, wealth booster and additional loyalty addition.

People Also Read: ICICI Prudential Nifty Midcap 150 Index Fund

ICICI Prudential Wealth Builder II - Benefits

  • On Maturity of the policy, the insured receives the total fund value including the top-up fund value.   
  • The policyholder can avail the maturity proceeds after the policy matures. The maturity benefits can be received over a period of 5 years. This maturity benefit can be availed in equal installments through the settlement options.
  • The sum assured payable on death of the insured depends on the Premium Paying Tenure chosen by him.
  • For single pay plans, higher of the Minimum Death benefit amount or the Sum Assured (Top-up Sum Assured minus the amount Partially Withdrawn) or Fund Value (Top-up Fund Value) is paid.
  • For Limited and Regular Pay plans, higher of Sum Assured + Fund Value (including top-up SA and Fund Value) or Minimum Death Benefit is payable for ages less than 50 years.
  • If the policyholder dies at the age of 50 years or above, the nominee will receive the Sum Assured including Top-up sum assured net of partial withdrawals or Minimum Death Benefit or Fund Value including Top-up Fund Value (Whichever is higher).
  • The Minimum Death Benefit is determined as 105% of all paid premiums

Loyalty Additions and Additional Loyalty Additions are added from the 6th policy year at 0.25%.

  • After the completion of 10th policy year, wealth boosters are added to fund value, every year, at 1.50% for Single Pay and 3.25% for Regular Pay options.
  • All these additions are expressed as a percent of the average Fund Value (Top-up Fund Value) over last eight quarters. 

ICICI Prudential Wealth Builder II - Product Specification:




Entry Age (Last Birthday)

0 years

 Single pay -69 years

Regular pay – 65 years

Limited pay – 55 years

Maturity Age (Last Birthday)

18 years

Single pay - 79 years

Regular pay – 75 years

Limited pay – 69 years

Policy Term (PT) in years



Premium Paying Term (PPT) in years

Single Pay or 5, 7, 10 or equal to policy term

Premium Paying Frequency

Yearly, half-yearly, monthly or Single

Yearly Premium

Regular & Limited Pay – 24,000

Single Pay – 48,000

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<35 yrs. or 1.25*SP for ages>=35 yrs.

Details About Premium

Illustration for a policy term of 20 years:


5 Pay

Regular Pay


35 years

35 years




Sum Assured



Fund Value including all Additions @ 4%



Fund Value including all additions @ 8%



ICICI Prudential Wealth Builder II - Policy Details

Grace Period:  In case of failure of the premium payment within the given time, a 15 days’ grace period is allowed to the insured to pay off the due premium in monthly mode and 30 days in other modes. If the insured fails to pay off all outstanding premiums in the given time, then the policy tenure will lapse.

Policy Termination or Surrender Benefit: For Single Premium policies, applicable under Option A, the policy can be surrendered after the first policy year. For Regular Premium policies, the policy acquires Surrender Value only after payment of premiums for the first three policy years. The policy is terminated, if it is not restored within the revival period. Besides, once the insurer pays off the death and the maturity benefit, the policy comes to an end.

Free Look Period: If the insured is dissatisfied with the coverage and terms and conditions of the policy then they have an option to cancel the policy within the first 15 days of the policy, provided there has been no claim made yet.

  • In case of financial emergencies, the policyholder is allowed to withdraw 20% of the fund value in a year.
  • For required investment portfolio, the insured is allowed to switch between funds.
  • The policyholder can use top-ups to increase the fund value. Rs2000 is the minimum amount for top-up payments.  
  • The insured can switch between the portfolios strategies opted once every year free of cost.
  •  Premium Redirection option is available under this plan.

Additional Features or Riders

  • Under certain terms and conditions, the sum assured amount can be increased or decreased.
  • The Premium Paying Term and the Policy Term can also be increased or decreased under certain pre-set conditions.
  • There is an option of availing Income Benefit Rider under the plan. 


    The insurance gets nullified if the person insured commits suicide within a year from the initials of policy cover. In that case, only 80% of the premium paid (excluding any payment for taxes and extra premium for buying riders) is refunded. Either 80% of the premium or the surrender value is refunded to the beneficiary if the insured commits suicide within one year of policy reinstated.

Documents Required

To apply for the plan, you need to submit the filled up application form along with an identity proof and the address proof along with your recent photograph. In some cases, a medical examination and income proof may also be required.

You may also like to read: ICICI Prudential ULIP Plans

*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
^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.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Ulip Insurer2
Insurers Offering ULIPs

Tata AIA

Aditya Birla Sun Life

Bajaj Allianz

Max Life


ICICI Prudential

Bharti AXA Life

Edelweiss Life

Kotak Life

Future Generali

PNB MetLife

SBI Life


Bandhan Life

Canara HSBC

IDBI Federal


Pramerica Life

Reliance Life

Sahara Life

Shriram Life

Star Union

View more insurers
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Ulip Insurer4
Ulip Insurer1

Ulip plans articles

Recent Articles
Popular Articles
Mortality Charges in ULIPs

16 Jul 2024

Mortality charges in a ULIP (Unit Linked Insurance Plan)
Read more
Benefits of Buying Online ULIP Over Offline ULIP

21 Jun 2024

Unit Linked Insurance Plans (ULIPs) have emerged as a popular
Read more
Why Should ULIPs Be Part of Your Financial Planning in 2024?

19 Jun 2024

Financial planning requires agility and growth potential. ULIPs
Read more
ULIP for Wealth Creation

19 Jun 2024

Unit-linked insurance Plans (ULIPs) are financial products that
Read more
Dynamic Asset Allocation

21 May 2024

Dynamic Asset Allocation involves actively adjusting investment
Read more
ULIP Calculator
  • 08 Oct 2018
  • 121997
A ULIP Calculator is a financial tool designed to help you compare ULIP plans and estimate the maturity amount
Read more
SBI Life Smart Privilege Plan: Benefits & Features
  • 11 Jan 2017
  • 88590
SBI Life Smart Privilege is a unit-linked, non-participating life insurance plan offered by SBI Life Insurance
Read more
7 Things to Know About the Tax Benefits of ULIPs
  • 06 Oct 2021
  • 15144
Nowadays, Unit Linked Insurance Plans, i.e., ULIPs, have evolved as the popular income tax saving investment
Read more
ULIP Returns in 5 Years
  • 06 Dec 2023
  • 1930
ULIP means Unit Linked Insurance Plan. It is a unique financial instrument that combines insurance coverage with
Read more
Taxability of ULIP on Surrender
  • 28 Dec 2023
  • 2143
ULIPs, or Unit Linked Insurance Plans, combine insurance and investment. The taxability of ULIP on surrender
Read more

ICICI Prudential Wealth Builder II Plan Reviews & Ratings

/ 5 (Based on 23 Reviews)
(Showing Newest 10 reviews)
Rajasthan, July 22, 2024
Incredibly Easy
PolicyBazaar website made it incredibly easy to understand the different types of insurance and what each policy offered.
Maharashtra, July 22, 2024
Very Impressed With Impressed
I brougtht a term plan from the Policybazaar website and what impressed me most was the transparency and the detailed information of available at the platform.
Maharashtra, July 22, 2024
Perfect and Simple
Found a perfect and simple plan from Kotak Life on Policybazaar. The detailed comparison made it easy to decide.
Maharashtra, July 22, 2024
Detailed and Reliable
Policybazaar truly offers some of the most affordable premiums on term insurance plans online.
Andhra Pradesh, July 22, 2024
Affordable and Comprehensive
With HDFC Lifes C2P Super Term Insurance, I found an affordable and comprehensive solution to safeguard my family. As a single mother, its crucial to have high sum assured at an affordable premium. HDFC Life delivered exactly what I needed.
Uttar Pradesh, July 22, 2024
Comprehensive and Trustworthy
Choosing HDFC Lifes Click 2 Protect Super was the best decision. The comprehensive coverage, including disability and disease protection, made it a trustworthy choice.
Uttar Pradesh, July 22, 2024
Easy Application Process
Aegon iTerm Prime Term Plan had an easy application process, and the support team was very helpful. Now I feel my familys future is secure.
West Bengal, July 22, 2024
Perfect for Growing Families
As our family grows, Aditya Birla term plan provided the extensive coverage we needed. The additional benefits like accidental death cover were very reassuring.
Gujarat, July 22, 2024
Easy Comparison
The comparison tool is very effective and easy to use at PB.
Rajasthan, July 22, 2024
User Friendly and Affordable
PNB MetLifes Online Term Plan was user-friendly and offered affordable premiums. It was the perfect choice for someone like me, balancing multiple financial responsibilities.

Become a Crorepati

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

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