ICICI Pru Elite Life Super

ICICI Pru Elite Life Super is a non-participating unit linked insurance plan. It offers a life insurance cover to safeguard the life assured’s family in case of his or her demise and flexible investment options to help achieve different financial goals. The investment risk in the portfolio will be borne by the policyholder.

About ICICI Prudential Life Insurance Company - ICICI Pru Life is promoted by ICICI Bank and Prudential Corporation Holdings. The company commenced its operations in fiscal year 2001, and has been among the leading players in the life insurance sector. As on 31st March 2019, ICICI Pru Life’s Assets Under Management were Rs. 1,604.10 billion.

(Note - All the information contained in this page has been sourced from the official website of ICICI Prudential Life.)

Death Benefit:

In case of the life assured’s death during the policy term, the following will be payable to the nominee:

Death Benefit = A or B or C (whichever is highest)

Here, A = Sum Assured, including Top-up Sum Assured, if any

B = Minimum Death Benefit C = Fund Value, including the Top-up Fund Value (if any) The minimum sum assured will be 105% of the total premiums paid, including Top-up premiums, if any.

Maturity Benefit:

Once the policy matures, the policyholder will get the Fund Value, including the Top-up Fund Value, if any. He or she will have an option to receive the maturity benefit as a lump sum or as a structured pay-out using settlement option.

Loyalty Additions and Wealth Boosters:

The insurer will allocate extra units as below, provided all due premiums have been paid:

Premium payment term

If the life assured - sane or insane - commits suicide within a year from the date of the policy’s inception or from the date of its revival, only the fund value, including top-up fund value, if any, as available on the date of demise, shall be payable.