ICICI Pru LifeLink Wealth SP

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ICICI Pru LifeLink Wealth SP is a unit linked insurance policy from icici prudential insurance company. It is a single premium insurance policy which means that you will pay one time premium at the time of purchasing this policy. Like other ULIP policies, you will get investment along with life insurance cover.

ICICI Pru LifeLink Wealth SP Details

Minimum Premium Rs. 40,000
Minimum/ Maximum age at entry 0 / 60 years
Minimum/ Maximum age at maturity 18 / 70 years
Sum Assured Choice of 125%* or 500% of single premium
Policy Term 10 / 20 / 30 years


ICICI Pru LifeLink Wealth SP Fund options;

  1. 1.     Trigger Portfolio Strategy
  2. 2.     Fixed Portfolio Strategy

If the Sum assured under the policy is 125% of Single Premium:

  • Tax benefit u/s 80C will be limited only up to 20% of Sum Assured
  • Tax benefits u/s 10(10D) will not be available and benefits received under the policy will be taxable.

ICICI Pru LifeLink Wealth SP  Benefits;

  • Single premium ULIP: Pay premium only once and stay invested for a long term
  • Trigger Portfolio Strategy: A unique portfolio strategy to protect gains made in equity markets from any future equity market volatility while maintaining a pre-defined asset allocation
  • Loyalty Addition: Up to 2.5% of Fund Value, at the end of every fifth policy year, starting from the tenth policy year on premium payments of Rs 50,000 and above
  • Two options of Sum Assured: Choose between 125%# or 500% of premium as the Sum Assured to suit your protection needs
  • Top up: Flexibility to invest surplus money to boost your investment kitty
  • Tax benefits: On the premium paid and benefits received under the policy, as per the prevailing Income Tax laws

For age at entry less than 7 years last birthday, only 125% of premium can be chosen as Sum Assured.

 ICICI Pru Life Time Premier

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