- Unit Linked products are different from traditional insurance products and are subject to the risk factors. The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/ her decisions. ICICI Prudential Life Insurance is only the name of the Life Insurance Company and ICICI Pru Smart Life is only the name of the unit linked insurance product and does not in any way indicate the quality of the product, its future prospects and returns. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the Insurance Company. The various funds offered under this product are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
- Life Cover is the benefit payable on death of the life assured during the policy term.
- *Smart Benefit: In case of your unfortunate demise during the policy term, all future premiums payable under the policy will be waived, provided all due premiums have been paid. The company will allocate units as if premiums are being paid - to ensure that your savings for your desired goal continues uninterrupted.
- ^On maturity of the policy, you will receive the Fund Value including the Top-up Fund Value, if any. This is paid irrespective of the survival of the life assured till the maturity date.
- Loyalty Additions are applicable from the 6th policy year onwards. This is in the form of extra units at the end of every 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. You get an additional Loyalty Addition of 0.25% every year from the end of year 6 if all premiums for that year have been paid.
- Wealth Boosters will be allocated as extra units at the end of every 5th policy year starting from the end of the 10th policy year. Each Wealth Booster will be 3.25% for Regular Pay policies and 1.5% for Single Pay policies. Wealth Booster will be a percentage of the average of the Fund Values on the last business day of the last eight policy quarters.
- Partial withdrawal: You can make unlimited number of partial withdrawals as long as the total amount of partial withdrawals in a year does not exceed 20% of the Fund Value in a policy year and provided monies are not in DP Fund (DP Funds refer to Discontinued Policy Funds and consist of money from lapsed policy).
- Tax benefits under the policy are subject to conditions under Section 80C, 10(10D) and other provisions of the Income Tax Act, 1961. Goods and Services Tax and cesses, if any will be charged extra by redemption of units, as per applicable rates. Tax laws are subject to amendments from time to time. Please consult your tax advisor for details, before acting on above.
- Unlike traditional products, 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.
- IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.
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Fund Name
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SFIN
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Maximiser V Fund
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ULIF 114 15/03/11 LMaximis5 105
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Multi Cap Growth Fund
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ULIF 085 24/11/09 LMCapGro 105
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Opportunities Fund
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ULIF 086 24/11/09 LOpport 105
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Bluechip Fund
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ULIF 087 24/11/09 LBluChip 105
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Multi Cap Balanced Fund
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ULIF 088 24/11/09 LMCapBal 105
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Income Fund
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ULIF 089 24/11/09 LIncome 105
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Money Market Fund
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ULIF 090 24/11/09 LMoneyMkt 105
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Maximise India Fund
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ULIF 136 11/20/14 MIF 105
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Value Enhancer Fund
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ULIF 139 24/11/17 VEF 105
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Secure Opportunities Fund
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ULIF 140 24/11/17 SOF 105
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Focus 50 fund
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ULIF 142 04/02/19 FocusFifty 105
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India Growth Fund
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ULIF 141 04/02/19 IndiaGrwth 105
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Active Asset Allocation Balanced Fund
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ULIF 138 15/02/17 AAABF 105
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Insurance is the subject matter of solicitation. AU Small Finance Bank Limited ("AU Bank") with registered office at 19-A, Dhuleshwar Garden, Ajmer Road,Jaipur- 302001, Rajasthan (CIN: L36911RJ1996PLC011381) is a corporate agent (Composite, IRDAI Reg No.: CA0515 valid till 30/08/2023) of ICICI Prulife. The purchase by AU Bank’s customer of any insurance products offered by ICICI Prulife is purely on voluntary basis and the policy is not a linked product of any other facility offered by AU Bank. Tel.:1800 1200 1200 / 1800 26 66677.
© ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. Regn. No. 105. CIN: L66010MH2000PLC127837. Registered Address: ICICI PruLife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025. Tel.: 40391600. Customer helpline number - 1860 266 7766. Timings – 10:00 A.M. to 7:00 P.M., Monday to Saturday (except national holidays). Member of the Life Insurance Council. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. ICICI Pru Smart Life Unit Linked Life Individual Product UIN: 105L145V06, Advt.: W/II/3327/2021-22. To know more, please visit www.iciciprulife.com.
The insurance products offered here are underwritten by ICICI Prudential Life Insurance Company Limited.
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
