Comments
ICICI Prudential has launched two unit linked insurance products – ICICI Pru Elite Life and ICICI Pru Elite Wealth. The products offer customers the flexibility of choosing the frequency of their premium payments.
The products offer customers the flexibility of either choosing a single pay option or a limited pay option for premium payments over a period of five years.
Under the single premium option, a sum assured of minimum 125 per cent to maximum 500 per cent of the premium amount is available to customers. In the limited pay option, a fixed sum assured which ranges between seven and 10 times of the annual premium.
Both these products allow customers to structure their asset allocation by choosing from a wide range of fund options.
On maturity of the policy, the customer can choose to receive the maturity benefit as a lump sum or structured payout through the settlement option to meet one's financial goals.
Further, customers would be eligible for a loyalty bonus every year from the sixth year. It will be in addition to the maturity benefit payable by the company.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.