ICICI Prudential Pinnacle Super

Recommendations :No

Name of the policy :
ICICI Prudential Pinnacle Super

A brief desciption :

ICICI Prudential Pinnacle Super provides highest NAV Guarantee the insured has to choose Guarantee Fund depending on their risk appetite. In case of unfortunate demise of insured the nominee would receive Sum Assured or the Fund Value, whichever is higher as Death Benefit for 1-Pay Option and both Sum Assured + Fund Value as Death Benefit for 5-Pay Option. The Maturity Benefit is the Fund Value according to the fund option selected. However the cover provided under this plan is highly inadequate and the price paid to acquire such cover is also enormous so it is better to go for an inexpensive term plan and invest the extra money elsewhere.

Started date :
30/3/2012

Type of policy :
Insurance cum Investment

Category :
ULIP

Insurance :
Min- For age< 45 yrs, 125% of Premium for 1-Pay and 10 X AP for 5-Pay, For age>= 45 yrs, 125% of Premium for 1-Pay and 7 X AP for 5-Pay); Max- For age< 60 yrs, 500% of Premium for 1-Pay and For age>= 60 yrs, 125% of Premium for 1-Pay For 5-pay, As per the

Returns expected :
8%-10% (The performance would be less than a performing equity diversified mutual fund)

Entry age :
8-70 Years

Surrender :
If the policy holder wants to surrender the policy before completing 5 years, then the insurance cover will cease and the fund value net of any discontinuance charge will be transferred to the Discontinued Policy Fund. The Discontinued Policy Fund will be credited with a minimum interest rate of 3.5% p.a. and the proceeds from this will be payable after the fifth policy anniversary. If the policyholder surrenders the policy after completion of 5 policy years, then the insurance cover will cease and your fund value shall be paid immediately and the policy would be terminated.

Minimum amount :
Min- One Pay- 48,000 Five Pay- 24,000

Mortality Charges :
Mortality Charge will be deducted at each monthly anniversary by cancellation of units. Sample mortality charges per annum per thousand of sum at risk for a healthy male life is shown below: For Age 10- Rs 0.77, For Age 20- Rs 1.33, For Age 30- Rs 1.46, F

Unique features :
It provides 3 options for Highest NAV Guarantee Fund, which needs to be selected at inception, Highest NAV Fund A- Guarantees the highest recorded NAV within the first 7 years subject to a minimum of Rs 10, Highest NAV Fund B- Guarantees 110% of the highest recorded NAV within the first 7 years subject to a minimum of Rs 11, Highest NAV Fund C- Guarantees the highest recorded NAV within the first 7 years subject to a minimum of Rs 15. Moreover there is also an option of choosing Dynamic Asset Allocation Fund where the professional Fund Managers aim to increase your portfolio


Premium Allocation Charge Year 1 :0%
Premium Allocation Charge Year 2 :0%
Premium Allocation Charge Year 3 :0%
Premium Allocation Charge Year 4 :0%
Premium Allocation Charge Year 5 :0%
Fund Management Charge :Highest NAV Fund A, Highest NAV Fund B, Highest NAV Fund C, Maximiser V, Opportunities Fund, Multi Cap Growth Fund, Bluechip Fund- 1.35%
Surrender/ Premium Discontinuance Charge Year 1 :For Annual Premium upto 25,000- Lower of 15% * (Annual Premium or Fund Value) but not exceeding Rs 2000, For Annual Premium more than 25,000- Lower of 4% * (Annual premium or Fund Value) but not exceeding 5000
Surrender/ Premium Discontinuance Charge Year 2 :For Annual Premium upto 25,000- Lower of 10% * (Annual Premium or Fund Value) but not exceeding Rs 1500, For Annual Premium more than 25,000- Lower of 3% * (Annual premium or Fund Value) but not exceeding 4000
Surrender/ Premium Discontinuance Charge Year 3 :For Annual Premium upto 25,000- Lower of 5% * (Annual Premium or Fund Value) but not exceeding Rs 1000, For Annual Premium more than 25,000- Lower of 2% * (Annual premium or Fund Value) but not exceeding 2000
Surrender/ Premium Discontinuance Charge Year 4 :For Annual Premium upto 25,000- Lower of 5% * (Annual Premium or Fund Value) but not exceeding Rs 1000, For Annual Premium more than 25,000- Lower of 2% * (Annual premium or Fund Value) but not exceeding 2000
Surrender/ Premium Discontinuance Charge Year 5 and above :Nil

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