December 25, 2011 by akhilendra
ICICI Pru Pinnacle Super Review
ICICI Pru Pinnacle Super is an innovative unit linked insurance plan. ICICI Pru Pinnacle super is a versatile unit linked plan that offers multiple fund options. This plan also offers you a choice of how many premiums you want to pay while allowing you to enjoy insurance protection for the policy term.
Investor can choose to put your money into the Highest NAV Fund B and enjoy guaranteed returns at maturity or select from nine different funds based upon your choice.
Highest NAV Fund B provides 110% of the “highest daily NAV” of the fund in first 7 years, guaranteed at maturity. This guarantee is applicable only at maturity and is not available on partial withdrawal, surrender and death. There will be an additional charge for the cost of investment guarantee of 0.50% per annum. This will be made by adjustment to the NAV.
| Modes of Premium Payment | Yearly | |
| Premium Payment Term (PPT) | Premium payment option | Premium payment term |
| One pay | 1 year | |
| Five pay | 5 years | |
| Policy Term | 10 years (fixed) | |
| Minimum Sum Assured for age at entry < 45 years | (125% of premium for one pay) and (10× annual premium for five pay) | |
| Minimum Sum Assured for age at entry >= 45 years | (125% of premium for one pay) and (7× annual premium for five pay) | |
| Maximum Sum Assured for age at entry < 60 years | (500% of premium for one pay) and (As per maximum Sum Assured multiples) | |
| Maximum Sum Assured for age at entry >= 60 years | (125% of premium for one pay) and (As per maximum Sum Assured multiples) | |
| Minimum age at entry | 8 years | |
| Maximum age at entry | (70 years in case of one pay) and (65 years in case of five pay) | |
| Minimum age at maturity | 18 years | |
| Maximum age at maturity | (80 years in case of one pay) and (75 years in case of five pay) | |
| Tax Benefits | Premium and any benefit amount received under this policy will be eligible for the tax benefit as per the prevailing Income Tax laws | |
Portfolio strategies available with ICICI Pru Pinnacle super plan are;
ICICI Pru Pinnacle Super allows you the choice of two unique portfolio strategies. You may invest in any one or both of these strategies in any proportion:
1. Fixed Portfolio Strategy
2. Smart Trigger Portfolio Strategy
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