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Choose Guarantee According To Risk

Monday, December 05, 2011
By Manoj Aswani

ICICI Prudential Pinnacle Super Plan is a unit linked insurance plan (ULIP) with highest NAV guarantee. In this plan, you can choose the guarantee option according to your risk appetite. If the Life Insured dies within the policy tenure, the nominee would receive the 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.

Policy Snapshot

  • Unit-linked insurance Plan which offers guaranteed NAV
  • Option of choosing Dynamic Asset Allocation Fund where the professional Fund Managers aim to increase your portfolio
  • Loyalty Addition of 2% of the fund value is provided at maturity
  • Sum Assured can be increased and decreased at any policy anniversary

Death Benefit
In case of death of the policy holder, the nominee would get
1. Sum Assured or the Fund Value, whichever is higher (1-Pay Option)
2. Both Sum Assured + Fund Value for (5-Pay Option)

Maturity Benefit
If the policy holder survives the policy term, then he gets the Fund Value according to the investment option opted.

Loyalty Addition

A Loyalty Addition of 2% of the fund value will be given to the policyholder at maturity. Loyalty Addition will be based on the prevailing NAVs and not on Guaranteed NAVs, if any.

Increase or Decrease in Sum Assured
This policy offers the flexibility to increase or decrease the sum assured of the policy holder on the policy anniversary
Investment Fund Options– Under this plan the policy holder gets the following 2 portfolio strategies:

  • Smart Trigger Portfolio Strategy
  • Fixed Portfolio Strategy

The funds under this option are:

  • Opportunities Fund    l Multi Cap Growth Fund
  • Multi Cap Balanced Fund    l Blue Chip Fund
  • Income Fund    l Money Market Fund
  • Return Guarantee Fund    l Dynamic P/E Fund
  • Maximiser V Fund    l Highest NAV Fund A
  • Highest NAV Fund B    l Highest NAV Fund C

Premium Allocation Charge
Single Premium
Single premium amount    Charge as a % of premium   
< Rs.5,00,000    5%   
> = Rs.5,00,000    4%   

Five pay option
Year 1 = 6%    Year 2 = 5%
Year 3 = 3%    Year 4 = 3%
Year 5 = 3%

Fund Management Charge

Highest NAV Fund A, B and C, Maximiser V, Opportunities Fund, Multi Cap Growth Fund, Blue-chip Fund, Dynamic P/E Fund, Multi Cap Balanced Fund, Income Fund, Smart Trigger Equity Fund, Smart Trigger Debt Fund    1.35% p.a.   
Return Guarantee Fund    1.25% p.a.   
Money Market Fund    0.75% p.a.   

The minimum top-up premium is Rs. 2,000 and it can be done any time in a year for the first 5 years. On payment of Top-up, you will have an option to increase the Sum Assured either by 125% or 500% of the Top-up premium amount.

You can change your chosen portfolio strategy once during every policy year.

Partial Withdrawal
You are allowed to make partial withdrawals in this policy after 5 complete policy years. The minimum amount of partial withdrawal should be Rs. 2,000.
Surrender conditions – The policyholder is allowed to surrender the policy only after completion of 5 years.

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