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  • Icici Pru Insurance

    Diunggah oleh

    hahire
    373 tayangan15 halaman
    Include comparison based on value for money of all ULIP products offered by ICICI Prudential Insurance. Rating is also done based on features & value for money.

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    Include comparison based on value for money of all ULIP products offered by ICICI Prudential Insurance. Rating is also done based on features & value for money.

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    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    373 tayangan15 halaman

    Icici Pru Insurance

    Diunggah oleh

    hahire
    Include comparison based on value for money of all ULIP products offered by ICICI Prudential Insurance. Rating is also done based on features & value for money.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 15

    ICICI Prudential

    Life Insurance

    Himanshu Ahire 13
    Narendra Singh 14

    Saturday 19 June 2010 1


    Type of Insurance Planes

    Insurance plan are spread across multiple categories,


    catering different needs of different individuals.Insurance
    Plans can be broadly divided into following three
    categories.

    Life Insurance Plans


    Pension & Retirement Solutions
    Health Product Suite

    Saturday 19 June 2010 2


    Life Insurance Plan

    Life Insurance Plan can be further divided into following


    categories
    Education Insurance Plans
    Wealth Creation Plans
    Protection Plans

    Saturday 19 June 2010 3


    Life Insurance Plan

    Educational Insurance Plan Pure Protect


    - ICICI Pru SmartKid Assure - LifeGuard
    - ICICI Pru SmartKid Maxima - Save'n'Protect
    - ICICI Pru SmartKid Regular Premium - CashBak
    - Home Assure
    Wealth Creation Plan
    - ICICI Pru LifeStage Wealth
    - ICICI Pru ACE
    - ICICI Pru Premier Wealth
    - ICICI Pru Assure Wealth
    - ICICI Pru LifeTime Maxima
    - ICICI Pru Pinnacle

    Saturday 19 June 2010 4


    Pension & Retirement Solutions

    The primary objective of this plan is to help customers to


    accumulate enough founds for financial needs in post
    retirement years.
    Following are Products offered in this category.
    ICICI Pru LifeTime Pension Maxima
    ICICI Pru LifeStage Pension Advantage
    ICICI Pru Elite Pension II
    ICICI Pru Assure Pension
    ICICI Pru ForeverLife
    ICICI Pru Immediate Annuity

    Saturday 19 June 2010 5


    Health Product Suit

    Hospitalisation Plans Critical Illness Pans


    - Health Saver - Crisis Cover
    - MediAssure
    - Hospital Care

    Saturday 19 June 2010 6


    Unit Link Insurance Plan -ULIP

    Retirement
    Wealth
    - Single premium - Regular premium plan
    - Guarantee plans Non guarantee plans
    - Life Stage based Non life Stage based
    Childrens Education
    Health

    Saturday 19 June 2010 7


    ULIP Charges

    Policy administration charges Riders


    Premium allocation charges switch
    Mortality charges Top up
    Fund management charges Surrender

    Saturday 19 June 2010 8


    Comparative Study
    ULIP Policies

    Saturday 19 June 2010 9


    Minimum Premium Amount

    Policy Name Min Premium Amount Mortality charges(30 yrs)


    Education Solutions
    ICICI Pru SmartKid Assure Rs. 15,000 1.46
    ICICI Pru SmartKid Maxima Rs. 12,000.00 1.46
    Wealth Creation Plans
    ICICI Pru LifeStage Wealth Rs. 20,000 1.46
    ICICI Pru ACE Rs. 18,000 1.46
    ICICI Pru Premier Wealth Rs. 18,000 1.46
    ICICI Pru Assure Wealth Rs. 12,000 1.46
    ICICI Pru LifeTime Maxima Rs. 24,000 1.46
    ICICI Pru Pinnacle Rs. 50,000 1.46
    Retirement Solutions
    ICICI Pru LifeTime Pension Maxima Rs. 10,000 1.46
    ICICI Pru LifeStage Pension Advantage Rs. 15,000.00 1.46
    ICICI Pru Elite Pension II Rs. 3,00,000.00 1.46
    ICICI Pru Assure Pension Rs. 15,000.00 1.46

    Saturday 19 June 2010 10


    Premium Allocation Charges

    Policy Name 1st Year 2nd Year 3rd Year 4th Year 5th Year 6th Year
    Education Solutions
    ICICI Pru SmartKid Assure 100% Nil Nil Nil Nil Nil
    4%
    ICICI Pru SmartKid Maxima 15% 10% 8% 6% 6%
    onward
    Wealth Creation Plans
    ICICI Pru LifeStage Wealth Nil Nil Nil Nil Nil Nil
    ICICI Pru ACE Nil Nil Nil Nil Nil Nil
    ICICI Pru Premier Wealth 6% 4% 4% Nil Nil Nil
    ICICI Pru Assure Wealth 100% 4% 4% 4% 4% Nil
    ICICI Pru LifeTime Maxima 8% 3% 3% Nil Nil Nil
    ICICI Pru Pinnacle 14% 4% 2% Nil Nil Nil
    Retirement Solutions
    ICICI Pru LifeTime Pension Maxima 20% 6% Nil Nil Nil Nil
    ICICI Pru LifeStage Pension Advantage Nil Nil Nil Nil Nil Nil
    ICICI Pru Elite Pension II 15% Nil Nil Nil Nil Nil
    ICICI Pru Assure Pension 100% Nil Nil Nil Nil Nil

    Saturday 19 June 2010 11


    Fund Management Charges (FMC)

    Policy Name Money market Fund Other Funds


    Education Solutions
    ICICI Pru SmartKid Assure 0.75 p.a. 1.35 p.a.
    ICICI Pru SmartKid Maxima 0.75 p.a. 1.35 p.a.
    Wealth Creation Plans
    ICICI Pru LifeStage Wealth 0.75 p.a. 1.35 p.a.
    ICICI Pru ACE 0.75 p.a. 1.35 p.a.
    ICICI Pru Premier Wealth 0.75 p.a. 1.35 p.a.
    ICICI Pru Assure Wealth 0.75 p.a. 1.35 p.a.
    ICICI Pru LifeTime Maxima 0.75 p.a. 1.35 p.a.
    ICICI Pru Pinnacle 0.75 p.a. 1.35 p.a.
    Retirement Solutions
    ICICI Pru LifeTime Pension Maxima 0.75 p.a. 1.35 p.a.
    ICICI Pru LifeStage Pension Advantage 0.75 p.a. 1.35 p.a.
    ICICI Pru Elite Pension II 0.75 p.a. 1.35 p.a.
    ICICI Pru Assure Pension 0.75 p.a. 1.35 p.a.
    * There will be an additional charge for the investment guarantee of 0.25%
    Saturday 19 June 2010 12
    Policy Administration Charge

    Policy Name Policy Administration Charges Applicable Years


    Education Solutions
    ICICI Pru SmartKid Assure Rs. 60 per month 2 to 5 year
    ICICI Pru SmartKid Maxima Rs. 80 per month 1 to 5 year
    Wealth Creation Plans
    ICICI Pru LifeStage Wealth 2.64% to 2.16% of sum assured Per Month 1 to 5 year
    ICICI Pru ACE Rs. 60 per month Term of the Policy
    ICICI Pru Premier Wealth 0.4% to 0.3% per month of Annul Premium 1 to 5 year
    ICICI Pru Assure Wealth Rs. 50 per month 2 to 10 year
    ICICI Pru LifeTime Maxima 0.90% per month (< 1,00,000) 1 to 5 year
    ICICI Pru Pinnacle 0.6% to 0.40% per month of Annul Premium 1 to 3 year
    Retirement Solutions
    ICICI Pru LifeTime Pension Maxima 0.75% to 0.3% per month of Annual Premium 1 to 5 year
    ICICI Pru LifeStage Pension Advantage 1.1% to 0.9% per month of Annual Premium 1 to 5 years
    ICICI Pru Elite Pension II 0.4% per month of Annual Premium 1 to 3 year
    ICICI Pru Assure Pension Rs. 60 per month 2 to 5 year

    Saturday 19 June 2010 13


    Other Charges

    Policy Name Switching Charges Miscellaneous Charges


    Education Solutions
    ICICI Pru SmartKid Assure 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
    ICICI Pru SmartKid Maxima 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
    Wealth Creation Plans
    ICICI Pru LifeStage Wealth 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
    ICICI Pru ACE 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
    ICICI Pru Premier Wealth 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
    ICICI Pru Assure Wealth 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
    ICICI Pru LifeTime Maxima 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
    ICICI Pru Pinnacle N/A Policy Alteration Rs 250
    Retirement Solutions
    ICICI Pru LifeTime Pension Maxima 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
    ICICI Pru LifeStage Pension Advantage 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
    ICICI Pru Elite Pension II 4 Free, Next Rs 100 per switch Policy Alteration Rs 250
    ICICI Pru Assure Pension 4 Free, Next Rs 100 per switch Policy Alteration Rs 250

    Saturday 19 June 2010 14


    Comparison of Policy Benefits
    Flexi +/- Settle Garun
    Additional Loyality Maturity Cover Strategy Top
    Policy Name Switch Retire Sum ment tee
    Allocation Add Benefits Continue Changes Up
    Date Assured Options Add
    Education

    SmartKid Assure Y N Y Y Y Y Y N Y Y N
    SmartKid Maxima N N Y Y Y Y Y N Y Y Y
    Wealth
    LifeStage Wealth Y N Y N Y Y Y N N Y N
    ACE Y Y Y Y Y Y Y N Y Y N
    Premier Wealth Y Y Y N Y Y Y N Y Y N
    Assure Wealth Y N N Y Y Y Y N Y N Y
    LifeTime Maxima Y Y N Y Y Y Y Y Y N N
    Pinnacle Y N N N N N N N Y N Y
    Retirement
    Pension Maxima Y Y N Y Y Y Y Y Y N N

    Pension
    Y N N N Y Y Y Y Y N N
    Advantage
    Elite Pension II N Y N Y Y Y Y N N N
    Assure Pension Y N N Y Y Y Y Y Y N Y

    Saturday 19 June 2010 15

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