Wealth Builder II

Key benefits of ICICI Pru Wealth Builder II

• 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.
• Flexibility of premium payment : Pay premiums for a limited period or for the entire policy term.
• Multiple fund options : Invest in the funds of your choice from a diverse suite of 7 funds.
• Loyalty benefits: Get rewarded with Loyalty Additions and Wealth Boosters on staying invested with us over the long term.
• Choice of protection level: Choose the level of protection that suits your needs.
• 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 :
  
  • In case of One Pay policies, 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 = Fund Value including Top-up Fund Value, if any
    C = Minimum Death Benefit less applicable partial withdrawals, if any
    
  • In case of Limited Pay and Regular Pay policies,
    • For age at entry less than 50 years,
      Death Benefit = (A + B) or C whichever is higher
      Where,
      A = Sum Assured including Top-up Sum Assured, if any
      B = Fund Value including Top-up Fund Value, if any
      C = Minimum Death Benefit
      
    • For age at entry greater than or equal to 50 years,
      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 = Fund Value including Top-up Fund Value, if any
      C = Minimum Death Benefit less applicable partial withdrawals, if any
      
    Minimum Death Benefit will be 105% of the total premiums paid including Top-up premiums, if any.
    #Sum Assured is deemed to include the Top-up Sum Assured, 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:
  • Loyalty Additions will be allocated as extra units at the end of every policy year, starting from the end of the sixth policy year, provided monies are not in DP Fund. Each Loyalty Addition will be equal to 0.25% of the average of the Fund Values including Top-up Fund Value, if any, on the last day of the last business eight policy quarters. 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 Wealth Booster will be a percentage of the average of Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters as shown in the table below.

    Premium Payment option	Wealth Booster
    One Pay	1.50%
    Limited Pay and Regular Pay	3.25%

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