Ipru Signature

ICICI Prudential Life Insurance

Claim settlement ratio – 97.08% (FY 2022-23)

Critical Illness Benefit Available

Tax Benefit Amount As per prevailing tax laws

Accidental Death Benefit 100%

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Overview of Ipru Signature by ICICI Pru

ICICI Pru Signature is a Unit Linked Insurance Plan, also called ULIP, which allows the policyholder dual benefits - insurance coverage and wealth corpus. The plan is ideal for both first-time investors as well as regular equity investors looking for tax-saving benefits with their policy. Ipru Signature offers life cover for the entire term of the policy and also enables unlimited free withdrawals in case of emergencies.

USP Features of Ipru Signature by ICICI Pru

  • Wealth boosters every 5 years starting from the end of the 10th year of the policy
  • Regular withdrawals permissible
  • Life insurance coverage for the entire term of the policy
  • Four portfolio strategies and a vast array of funds are on offer for the investor to choose from
  • The entire premium is allocated to the chosen funds of the policyholder without any deductions
  • Policy administration charges and mortality benefits are returned to the policyholder at the time of plan maturity

What’s Not Covered Under Ipru Signature by ICICI Pru?

  • Suicide by the life assured within a year of the policy commencement date or its renewal, only the Fund Value along with the Top-up Fund Value (if any) will be paid out to the nominee on the date of intimation of the death.
  • In case of suicide after the date of increase in sum assured, the increased amount will not be included in the death benefit.
  • All charges, except those on the management of funds and guarantee expenses, which have been recovered post-death will be added back to the Fund Value as of the date of death.
  • Violation of law with criminal intent

Frequently asked questions

The minimum payable premium under the plan is Rs. 30,000 and the maximum is unlimited.

Under Section 80C of the Income Tax Act 1961, the plan allows a maximum deduction of up to Rs. 1,50,000 from the taxable income for the annual premium payable. The payouts are also exempted from tax payment under Section 10(10D) of the ITA.

You can surrender your plan upon completion of the specified lock-in period. Details of the lock-in period can be found in your policy document.

The investor is entitled to earn at least 10-12% of the annual returns on an investment of at least 10 years.

Yes, ULIPs are very safe instruments of investment and return, provided they are used for long-term investments. Further, the investor is given the option of investing in low-risk debt funds or high-risk equity funds, or even a combination of both, as per his/her risk preferences.

* Tax benefits are subject to changes in tax laws.
#All savings are provided by the insurance company as per the IRDAI approved insurance plan. Standard T&C apply.

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