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  & Secure your FAMILY'S FUTURE  
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ICICI Pru Wealth Builder II

You have dreams for yourself and the ones you love. You need a financial plan that helps you to achieve these dreams while protecting them in adverse situations.
With this objective in mind, we present ICICI Pru Wealth Builder II - a savings and protection oriented unit linked insurance plan. This plan offers you multiple choices on how to invest while providing you with a life insurance cover to protect your family in case of your unfortunate demise.
Why choose ICICI Pru Wealth Builder II?
We have 5 good reasons:
  • Choice of portfolio strategies : Choose between Fixed Portfolio Strategy & Life Cycle based Portfolio Strategy based on your requirement.
  • Multiple fund options : Invest in the funds of your choice from a diverse suite of 7 funds.
  • Loyalty benefits : Get rewarded with Loyalty Additions and Wealth Boosters on staying invested with us over the long term.
  • Tax benefits : on premiums paid and benefits received as per the prevailing tax laws.
  • Flexibility of premium payment : Pay premiums for a limited period or for the entire policy term.

KEY BENEFITS

Death Benefit:
In the unfortunate event of death of the Life Assured during the term of the policy,the following will be payable :
  • In case of One Pay policies, Death Benefit = A or B or C whichever is highest
    Where,
    A = Sum Assured including Top-up Sum Assured, if any (reduced by applicable partial withdrawals, if any)
    B = Fund Value including Top-up Fund Value, if any
    C = Minimum Death Benefit less applicable partial withdrawals, if any
  • In case of Limited Pay and Regular Pay policies,
    • For age at entry less than 50 years,
      Death Benefit = (A + B) or C whichever is higher
      Where,
      A = Sum Assured including Top-up Sum Assured, if any
      B = Fund Value including Top-up Fund Value, if any
      C = Minimum Death Benefit
    • For age at entry greater than or equal to 50 years,
      Death Benefit = A or B or C whichever is highest
      Where,
      A = Sum Assured including Top-up Sum Assured, if any (reduced by applicable partial withdrawals, if any)
      B = Fund Value including Top-up Fund Value, if any
      C = Minimum Death Benefit less applicable partial withdrawals, if any
Minimum Death Benefit will be 105% of the total premiums paid including Top-up premiums, if any.
#Sum Assured is deemed to include the Top-up Sum Assured, if any.
Additional Accidental Death Benefit (offered as Accidental Death Rider UIN: 105A025V01):
If you have an accident that results in your death during the term of the rider, the Rider Sum Assured will be paid to your nominee.
  • Charges:
    The charge for this rider will be deducted by cancellation of units on a monthly basis. The charge is independent of age and is `45 p.a. per `1 lakh of Rider Sum Assured. This charge is guaranteed for the term of the contract.
  • Rider Sum Assured:
    Equal to the Sum Assured of the base policy, subject to a maximum of Rs 50 lakh.
    For more information click here
Applicable maximum Sum Assured Multiples:


Age at entry
Base plan only
Base Plan + ADBR
Up to 17
10
10
18 – 25
30
15
26 – 30
25
15
31 – 35
15
10
36 – 39
15
10
40 – 45
10
10
46 – 50
10
7
51 – 55
10
7
Notes:
1.The above multiples are applicable for Five Pay and Regular Pay premium payment options only.
2.The rider will not be attached with One Pay premium payment option.
3.The above multiples are applicable for a standard life only.
Maturity Benefit:
On maturity of the policy, you will receive the Fund Value including the Top-up Fund Value, if any. You will have an option to receive the Maturity Benefit as a lump sum or as a structured payout using Settlement Option.
Loyalty Additions:
  • Loyalty Additions will be allocated as extra units at the end of every policy year, starting from the end of the sixth policy year, provided monies are not in DP Fund. Each Loyalty Addition will be equal to 0.25% of the average of the Fund Values including Top-up Fund Value, if any, on the last day of the last business eight policy quarters. An additional Loyalty Addition of 0.25% is paid every year from the end of year 6 if all premiums for that year have been paid.The additional loyalty additions will also be calculated as described above.
Wealth Boosters
  • Wealth Boosters will be allocated as extra units at the end of every fifth policy year starting from the end of the tenth policy year, provided the monies are not in DP Fund. Each Wealth Booster will be a percentage of the average of Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters as shown in the table below.
Premium Payment option
Wealth Booster
One Pay
1.50%
Limited Pay and Regular Pay
3.25%

HOW IT WORKS

  • Decide your premium amount and the premium payment option
  • Select the Sum Assured as per your protection needs
  • Choose one of the 2 available Portfolio Strategies
  • On maturity of your policy, receive your maturity benefit as a lump sum or as a structured payout through settlement option to meet your financial goals
  • In case of your unfortunate death during the policy term your family will get the death benefit

AT A GLANCE

Details
One Pay
 
Limited Pay
 
Regular Pay
Minimum Premium
Rs. 48,000
Maximum Premium
Unlimited
Modes of Premium Payment
Single
Premium Payment Term
Single Premium
Policy Term
10 years
Min / Max age at entry
0 years / 69 years
Min / Max age at maturity
18 years / 79 years
Sum Assured
Age at entry
Minimum Sum Assured
Maximum Sum Assured
0 to 33 years
1.25 X Single Premium
10 X Single Premium
34 years and above
1.25 X Single Premium
1.25 X Single Premium
UIN of the ICICI Pru Wealth Builder II : 105L139V01

SPECIMEN POLICY DOCUMENTS