Elite Life II

Key benefits of ICICI Pru Elite Life II

• Flexibility of premium payment : Pay premiums for a limited period or for the entire policy term.
• Choice of portfolio strategies: Choose a personalized portfolio strategy from
  • Fixed Portfolio Strategy : Option to allocate your savings in the funds of your choice .
  • LifeCycle based Portfolio Strategy : A unique and personalized strategy to create an ideal balance between equity and debt, based on your age.
• " Lower Effective FMC: Get Loyalty Additions which reduce your effective Fund Management Charge (FMC).

  Year	FMC	Loyalty Addition Rate	Approximate effective FMC*
  6 to 10	1.35%	0.30%	1.05%
  11 onwards	1.35%	0.50%	0.85%

• Wealth Boosters: Once every 5 years starting from the end of the 10th policy year.
• Choice of protection level : Enjoy the safety of a life cover based on your desired level of protection.
• Unlimited free switches : Manage your changing financial priorities and investment outlook with unlimited free switches .
• Tax benefits : on premiums paid and benefits received as per the prevailing tax laws.

Benefits in detail:

• Death Benefit: In the unfortunate event of death of the Life Assured during the term of the policy,the following will be payable :
  Death Benefit = A or B or C whichever is highest
  Where,
  A = Sum Assured, including Top-up Sum Assured, if any. reduced by applicable partial
  withdrawals, if any
  B = Minimum Death Benefit less applicable partial withdrawals, if any
  C = Fund Value including the Top-up Fund Value, if any
  Minimum Death Benefit will be 105% of the total premiums paid including Top-up premiums, if any.
• Maturity Benefit:
  On maturity of the policy, you will receive the Fund Value including the Top-up Fund Value, if any.
  You will have an option to receive the Maturity Benefit as a lump sum or as a structured payout using Settlement Option.
• Loyalty Additions:
  • A Loyalty Addition will be allocated at the end of every policy year starting from the end of the sixth policy year.
  • Each Loyalty Addition will be a percentage of the average of daily Fund Values including Top-up Fund Value, if any, in that same policy year as shown in the table below.

    Year	Loyalty Addition
    6 to 10	0.30%
    11 onwards	0.50%

  • An additional loyalty addition of 0.25% is paid every year from the end of year 6 if all premiums for that year have been paid.The additional loyalty additions will also be calculated as described above.
• Wealth Boosters
  • Wealth Boosters will be allocated as extra units at the end of every fifth policy year starting from the end of the tenth policy year, provided the monies are not in DP Fund.
  • Each addition will be equal to 1.5% of the percentage of the average of the Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters.
  • Wealth Booster will be allocated between the funds in the same proportion as the value of total units held in each fund at the time of allocation.
  Unlimited free switches between funds:
  If you choose the Fixed Portfolio strategy, you can switch units from one fund to another depending on your financial priorities and investment outlook as many times as you want. This benefit is available to you without any charge.

How does the plan work?

1. Decide your premium amount and the premium payment option
2. Select the Sum Assured as per your protection needs
3. Choose one of the 2 available Portfolio Strategies
4. On maturity of your policy, receive your maturity benefit as a lump sum or as a structured payout through settlement option to meet your financial goals
5. In case of your unfortunate death during the policy term your family will get the death benefit

We offer several options for you to buy as per your convenience. Choose from one of the following:

• Buy Online
• Send me an advisor
• Visit your nearest branch
• Chat with an executive