ICICI Pru Premier Wealth

ICICI Prudential Premier Wealth is one of the best ULIP plans.

Key Benefits:

2% additional allocation of units from 6th year onwards on premium payments. (if you pay Rs 1lac as premium, units worth 102000 will be allotted to you).

every 5 years 2% additional units on the preceding year fund value will be allotted as loyalty additions, after 10th year irrespective of premium payments.

you may select Trigger Portfolio Strategy. (at every up or down of 15% in the NAV of Multi Cap Fund, it will be transferred to or from Money Market Fund). Gains earned will be protected.

you may choose Dynamic P/E Fund. (the allocation in equity is determined by reference to P/E multiple on the Nifty 50).

Minimum Life cover 5 times of annual premium.

Charges:

Premium Allocation Charge year 1 - 6%, year 2 and 3 4%, no charge from 4th year.

Policy Admin Charge 4.8% on annual Premium from year 1 to 5.

Minimum Premium Rs 18000 p.a .

Start with min 3000/pm (SIP style) and pay for 21 or more years.

after completion of 5 years, you are allowed partial withdrawal once in 3 years subject to a maximum of 20% of the fund value.

(though both deal in equity, ULIP and MF investments are two different kinds of investments).

refer brochure

RGF - Return Guarantee Fund

ICICI prudential Life introduced Return Guarantee  Fund (RGF) on 22nd Dec.

This is another option for ULIP plans.

Plan opened on 22nd Dec'08.

There is a minimum guraranteed return on the First year premium for those opt for this fund.

The minimum guaranteed NAV is Rs 15.03 on 20th Dec'13.

You may switch out to other options anytime on the NAV value.

you will miss out guaranteed return if switched before 20th Dec 2013.