ICICI Prudential

Life Insurance

Himanshu Ahire 13 Narendra Singh 14

Saturday 19 June 2010

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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

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Life Insurance Plan

‣ Life Insurance Plan can be further divided into following categories ‣ Education Insurance Plans ‣ Wealth Creation Plans ‣ Protection Plans

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Life Insurance Plan
‣ Pure Protect ‣ Educational Insurance Plan - LifeGuard - ICICI Pru SmartKid Assure - Save'n'Protect - ICICI Pru SmartKid Maxima - CashBak - ICICI Pru SmartKid Regular Premium - 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
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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

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Health Product Suit
‣ Hospitalisation Plans - Health Saver - MediAssure - Hospital Care
‣ Critical Illness Pans - Crisis Cover

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Unit Link Insurance Plan -ULIP
‣ Retirement
‣ Wealth Single premium - Regular premium plan Guarantee plans – Non guarantee plans Life Stage based – Non life Stage based

‣ Children’s Education ‣ Health

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ULIP Charges
‣ Policy administration charges
‣ Premium allocation charges  ‣ Mortality charges  ‣ Fund management charges ‣ Riders ‣ switch ‣ Top up ‣ Surrender

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Comparative Study
ULIP Policies

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Minimum Premium Amount
Policy Name Education Solutions ICICI Pru SmartKid Assure ICICI Pru SmartKid Maxima Wealth Creation Plans ICICI Pru LifeStage Wealth ICICI Pru ACE ICICI Pru Premier Wealth ICICI Pru Assure Wealth ICICI Pru LifeTime Maxima ICICI Pru Pinnacle Retirement Solutions ICICI Pru LifeTime Pension Maxima ICICI Pru LifeStage Pension Advantage ICICI Pru Elite Pension II ICICI Pru Assure Pension Rs. 10,000 Rs. 15,000.00 Rs. 3,00,000.00 Rs. 15,000.00 1.46 1.46 1.46 1.46 Rs. 20,000 Rs. 18,000 Rs. 18,000 Rs. 12,000 Rs. 24,000 Rs. 50,000 1.46 1.46 1.46 1.46 1.46 1.46 Rs. 15,000 Rs. 12,000.00 1.46 1.46 Min Premium Amount Mortality charges (30 yrs)

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Premium Allocation Charges
Policy Name Education Solutions ICICI Pru SmartKid Assure ICICI Pru SmartKid Maxima Wealth Creation Plans ICICI Pru LifeStage Wealth ICICI Pru ACE ICICI Pru Premier Wealth ICICI Pru Assure Wealth ICICI Pru LifeTime Maxima ICICI Pru Pinnacle Retirement Solutions ICICI Pru LifeTime Pension Maxima ICICI Pru LifeStage Pension Advantage ICICI Pru Elite Pension II ICICI Pru Assure Pension
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1st Year 2nd Year 3rd Year 100% 15% Nil 10% Nil 8%

4th Year 5th Year 6th Year Nil 6% Nil 6% Nil 4% onward Nil Nil Nil Nil Nil Nil Nil Nil Nil Nil
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Nil Nil 6% 100% 8% 14% 20% Nil 15% 100%

Nil Nil 4% 4% 3% 4% 6% Nil Nil Nil

Nil Nil 4% 4% 3% 2% Nil Nil Nil Nil

Nil Nil Nil 4% Nil Nil Nil Nil Nil Nil

Nil Nil Nil 4% Nil Nil Nil Nil Nil Nil

Fund Management Charges (FMC)
Policy Name Education Solutions ICICI Pru SmartKid Assure ICICI Pru SmartKid Maxima Wealth Creation Plans ICICI Pru LifeStage Wealth ICICI Pru ACE ICICI Pru Premier Wealth ICICI Pru Assure Wealth ICICI Pru LifeTime Maxima ICICI Pru Pinnacle Retirement Solutions ICICI Pru LifeTime Pension Maxima ICICI Pru LifeStage Pension Advantage ICICI Pru Elite Pension II ICICI Pru Assure Pension 0.75 p.a. 0.75 p.a. 0.75 p.a. 0.75 p.a. 1.35 p.a. 1.35 p.a. 1.35 p.a. 1.35 p.a. 0.75 p.a. 0.75 p.a. 0.75 p.a. 0.75 p.a. 0.75 p.a. 0.75 p.a. 1.35 p.a. 1.35 p.a. 1.35 p.a. 1.35 p.a. 1.35 p.a. 1.35 p.a. 0.75 p.a. 0.75 p.a. 1.35 p.a. 1.35 p.a. Money market Fund Other Funds

* There will be an additional charge for the investment guarantee of 0.25%
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Policy Administration Charge
Policy Name Education Solutions ICICI Pru SmartKid Assure ICICI Pru SmartKid Maxima Wealth Creation Plans ICICI Pru LifeStage Wealth ICICI Pru ACE ICICI Pru Premier Wealth ICICI Pru Assure Wealth ICICI Pru LifeTime Maxima ICICI Pru Pinnacle Retirement Solutions ICICI Pru LifeTime Pension Maxima ICICI Pru Elite Pension II ICICI Pru Assure Pension 0.75% to 0.3% per month of Annual Premium 0.4% per month of Annual Premium Rs. 60 per month 1 to 5 year 1 to 5 years 1 to 3 year 2 to 5 year ICICI Pru LifeStage Pension Advantage 1.1% to 0.9% per month of Annual Premium 2.64% to 2.16% of sum assured Per Month Rs. 60 per month 0.4% to 0.3% per month of Annul Premium Rs. 50 per month 0.90% per month (< 1,00,000) 0.6% to 0.40% per month of Annul Premium 1 to 5 year Term of the Policy 1 to 5 year 2 to 10 year 1 to 5 year 1 to 3 year Rs. 60 per month Rs. 80 per month 2 to 5 year 1 to 5 year Policy Administration Charges Applicable Years

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

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Comparison of Policy Benefits
Policy Name
Education SmartKid Assure SmartKid Maxima Wealth LifeStage Wealth ACE Premier Wealth Assure Wealth LifeTime Maxima Pinnacle Retirement Pension Maxima Pension Advantage Elite Pension II Assure Pension Y Y N Y Y N Y N N N N N Y N Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y N Y N N N N N N N Y Y Y Y Y Y Y N Y Y N Y N Y Y Y N N N N Y N Y Y N Y Y Y Y Y N Y Y Y Y Y N Y Y Y Y Y N N N N N Y N N Y Y Y Y Y Y Y Y N N N N N N Y N Y Y N N N Y Y Y Y Y Y Y Y Y Y N N Y Y Y Y N Y

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

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