A unique solution for a special few

Transcription

1 IN UNIT LINKED POLICIES, THE INVESTMENT RISK IN THE INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER This advertisement is designed for combination of benefits of two or more individual and separate products named (1) ICICI Pru Guaranteed Wealth protector and (2) ICICI Pru iprotect Smart (3) ICICI Pru Immediate Annuity. The customer has the choice of purchasing any one or more products as per his/her need and choice and there is no compulsion whatsoever that these products are to be taken together as suggested by the Insurer and presented in this advertisement. The customer is expected to ask questions, understand and satisfy himself that this combination meets his/her specific needs better before deciding to purchase this combination. This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer to the detailed sales brochure of the individual products mentioned herein. A unique solution for a special few

2 KEY BENEFITS CREATE wealth with the assurance of capital guarantee # PROTECT your family s future with: Life Cover + Critical Illness cover * + Accidental Death cover + Permanent disability cover Married Women's Property Act TRANSFER an insignia of love and legacy for your loved ones *Critical illness benefit is an accelerated benefit. On payment of CI benefit, Life cover of ICICI Pru iprotect Smart will reduce by the CI benefit paid and the future premiums of ICICI Pru iprotect Smart will reduce proportionately. Please refer the product brochure for the definitions, exclusions and other terms and conditions applicable for Critical Illness, Terminal Illness and Permanent Disability due to accident. # On Maturity, you will receive higher of Assured Benefit or fund value. Assured Benefit will be 101 % of total premium paid which is applicable only on maturity of the policy and does not apply on death or surrender. In this solution you purchase an ICICI Pru Guaranteed Wealth Protector and ICICI Pru iprotect Smart policies at inception and you have the option to purchase an immediate annuity plan on maturity of ICICI Pru Guaranteed Wealth Protector. Currently, we are offering ICICI Pru Immediate Annuity.

3 WHAT YOU PAY? This solution works in two phases: INVESTMENT PHASE You will purchase an ICICI Pru Guaranteed Wealth Protector and ICICI Pru iprotect Smart plan at inception. Premiums payable (exclusive of taxes) Years ICICI Pru Guaranteed Wealth Protector ICICI Pru iprotect Smart 1 to 5 ` 5,81,628 p.a. ` 18,372 p.a. The premium amounts shown here are exclusive of service tax and other applicable cesses, as per the prevalent rates. Tax laws are subject to change from time to time. You will get Loyalty Additions every policy year starting from sixth policy year and Wealth Booster at the end of 10 th policy year. Each Loyalty Addition will be equal to 0.25% of the average of the Fund Values on the last business day of the last eight policy quarters A Wealth Booster of 3.25% will be allocated as extra units at the end of the tenth policy year. Wealth Booster will be a percentage of the average of Fund on the last business day of the last eight policy quarters. Age 35 Pay premium of ` 6,00,000 p.a. for 5 years Age 40 Maturity benefit 1 to be paid after 10 years ` 43,18,601@ 8% ARR* ` 4% ARR* Age 45 *ARR stands for Assumed Rate of Return. 1 Maturity benefit includes loyalty additions and Wealth boosters, if any. For the purpose of illustration, the Company has assumed 8% and 4% as rates of investment returns. The returns shown in the illustration are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy depends on a number of factors including future investment performance.

4 INCOME PHASE In this phase, you have the option to use the maturity payout of ICICI Pru Guaranteed Wealth Protector to purchase ICICI Pru Immediate Annuity or similar product #. Assumed rate of return 8% ` 43,18,601 Benefits Maturity benefit of ICICI Pru Guaranteed Wealth Protector to be used to purchase ICICI Pru Immediate Annuity Annual income 2 from 11 th year ` 2,76,624 Lump sum payout to nominee on death of the last surviving partner ` 43,18,601 4% ` 31,66,568 ` 2,02,832 ` 31,66,568 For the purpose of illustration, the Company has assumed 8% and 4% as rates of investment returns. The returns shown in the illustration are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of your policy depends on a number of factors including future investment performance. Age 45 Purchase price of annuity ` 8% ARR* ` 4% ARR* Regular Income for you & your spouse ` 2,76,624 ` 8% 4% ARR* Death of policyholder Regular Income for your spouse ` 8% ARR* ` 4% ARR* Death of spouse Nominee gets lumpsum ` 8% ARR* ` 4% ARR* *ARR stands for Assumed Rate of Return. # For the purpose of illustration Joint Life, Last Survivor with Return of Premium annuity option has been chosen assuming you live till age 75 years and your wife lives for 5 more years after that. Other annuity options are also available. 1. If your policy offers guaranteed returns, then these will be clearly marked guaranteed in the Benefit Illustration. Since your policy offers variable returns, the given illustration shows two different rates of assumed future investment returns. The returns shown above are not guaranteed and they are not the upper or lower limits of what you might get back, as the maturity value of your policy depends on a number of factors including future investment performance. 2. The regular income for life is calculated assuming that you utilize the entire maturity benefit amount of your ICICI Pru Guaranteed Wealth Protector policy as Purchase Price of ICICI Pru Immediate Annuity policy. Please note that purchase of ICICI Pru Immediate Annuity or a similar product will be subject to its availability at the time of maturity and you can choose to opt for any annuity option available at the time of the said purchase. The annuity amount is calculated as per the annuity rate applicable as on May 12, The annuity amounts are calculated assuming your and your spouse s current age to be 45 and 40 respectively. Annuity rates are subject to change from time to time. Your actual annuity amount will depend on the prevailing annuity rates at the time of purchase of ICICI Pru Immediate Annuity plan. Tax benefits on premiums paid and benefits received will be applicable as per the prevailing tax laws. The annuity option assumed is Joint Life Last Survivor with Return of Purchase Price and annuity periodicity is yearly.

5 WHAT ARE YOU COVERED FOR DURING THE POLICY TERM? Death/ Terminal Illness Your nominee will receive a lump sum of ` 1,07,16,280 on death. On diagnosis of terminal illness you will get ` 49,00,000 only. Death due to Accident Your nominee will receive an additional lump sum of ` 49,00,000 on death due to accident. 34 Critical Illnesses You will receive a lump sum of ` 5,00,000 on the first occurrence of any of the 34 covered illnesses. Critical illness benefit is applicable only for Age 50 years or younger. Critical illness benefit is an accelerated benefit. On payment of CI benefit, Life cover of ICICI Pru iprotect Smart will reduce by the CI benefit paid and the future premiums of ICICI Pru iprotect Smart will reduce proportionately. Please refer the product brochure for the definitions, exclusions and other terms and conditions applicable for Critical Illness, Terminal Illness and Permanent Disability due to accident.

6 HOW DOES MWPA WORK: FAQs Who can initiate an MWPA? A Married Man ( Married Man would include widowers and divorcees - the last two would apply where the beneficiaries are the children of the man) Who can be the beneficiary? Wife Wife and any of his child/children Any of his child/children How does it safeguard the asset? Since a Policy effected by a Married Man under the MWP Act results in a trust, the Life Insured does not have any interest in, nor can he control the Policy. The Policy will not be a part of his estate, and cannot be targeted by his creditors. The intended beneficiaries therefore may enjoy encumbrance free proceeds of the liquid asset. How do I initiate a MWP for a Policy? A simple addendum has to be filled with the application form. It can be done only at the proposal stage of a new insurance policy. Old or existing policies cannot be covered under the MWP Act. ICICI Prudential Wealth Insignia Guaranteed Protector Boundary Conditions Premium Payment Term Policy Term Minimum Age at Entry Maximum Age at Entry Minimum Annual premium Maximum Annual premium Premium payment frequency 5 Years 10 years 35 years 59 years ` 6,00,000 per annum Unlimited Yearly/ Half-yearly/Monthly

7 TERMS AND CONDITIONS Unit linked Insurance products do not offer any liquidity during the first five years of the contract. The Policyholder will not be able to surrender/withdraw the monies invested in unit linked insurance products completely or partially till the end of the fifth year. Unit linked insurance products are subject to market risk, which affect the Net Asset Values & the customer shall be responsible for his/her decision. The names of the Company, Product names or fund options do not indicate their quality or future guidance on returns. Funds do not offer guaranteed or assured returns. Tax benefits on premiums paid and benefits received will be applicable as per the prevailing tax laws. The benefits available under this solution shall be as per the product policy terms and conditions. Service Tax and applicable cesses as per applicable rates will be charged over and above the policy premiums. The tax laws are subject to amendments from time to time. This combination solution comprises a set of policies across one or more products of the company. These products are also available individually with the Company and it is not mandatory for customer to apply for this combination only. The customer is requested to go through the individual benefit illustrations of the product in the solution. This is not a product brochure. The customer is requested to go through the brochure of ICICI Pru Guaranteed Wealth Protector (UIN:105L143V01), ICICI Pru iprotect Smart (UIN: 105N151V01) and ICICI Pru Immediate Annuity (UIN: 105N009V06) & to take decision to opt for this combination after having fully understood the risk factors, product terms and conditions as briefly indicated below: o ICICI Pru Guaranteed Wealth Protector: Investment strategy, Funds, Assured Benefit, Premium Discontinuance, Policy revival, Loyalty Additions, Wealth Boosters, Surrender, Charge structure, Death benefit, Maturity benefit etc. o ICICI Pru Immediate Annuity: Annuity options, Purchase price etc. o ICICI Pru iprotect Smart: Benefit options, Death benefit payout options, Critical Illnesses, Policy revival, Premium Discontinuance etc. The individual products under this solution have certain product features like Annuity options, Maturity Benefit espect to these will not be restricted to what has been shown here and you will be able to choose from all the options available at the time of purchase of the respective products. For the purpose of illustrations, we have assumed 4% and 8% as the rates of investment returns. The returns shown in the illustration are not guaranteed and they are not the upper or lower limits of what you might get back, as the value of the policy depends on a number of factors including future investment performance. The regular income benefit through ICICI Pru Immediate Annuity (UIN: 105N009V06) plan will be applicable subject to the following conditions. o It is your sole responsibility to utilize the maturity benefit of ICICI Pru Guaranteed Wealth Protector to purchase ICICI Pru Immediate Annuity subject to the availability of the plan at that point of time. o Annuity rates are subject to change from time to time. The actual annuity amount will depend on the prevailing annuity rates at the time of purchase of ICICI Pru Immediate Annuity plan. o You have the flexibility to choose any of the annuity options offered by ICICI Prudential at the time of your vesting. It is not mandatory for you to purchase ICICI Pru Immediate Annuity or a similar product with the maturity benefit of ICICI Pru Guaranteed Wealth Protector, if you do not wish to get the regular income benefit.

8 ICICI Prudential Life Insurance Company. IRDAI Regn No CIN: U66010MH2000PLC , ICICI Prudential Life Insurance Co. Ltd Registered Address: ICICI Pru Life Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai Unlike traditional products, Unit linked insurance products are subject to market risk, which affect the Net Asset Values and the customer shall be responsible for his/her decision. The names of the Company, Product names or fund options do not indicate their quality or future guidance on returns. Funds do not offer guaranteed or assured returns. For more details on the risk factors, term and conditions please read sales brochure carefully before concluding the sale. Trade Logo displayed above belongs to M/s ICICI Bank Ltd & Prudential IP services Ltd which shall be used by ICICI Prudential Life Insurance Company Ltd under Registered License No.105. Call us on (10am-7pm, Monday to Saturday, except national holidays. Valid only for calls made from India). Visit us at ICICI Pru Guaranteed Wealth Protector UIN: 105L143V01, ICICI Pru iprotect Smart UIN: 105N151V01, ICICI Pru Immediate Annuity UIN: 105N009V06. Advt : L/II/0184/ BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.