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Enjoy Zero Charges on All Commonly Used Savings Account Services
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- MD & CEO letter about the bank
- MD & CEO
- Our History
- Letter to Shareholders on the 1st Annual Report after Merger
- Letter to Shareholders on the 2nd Annual Report after Merger
- Letter to Shareholders on the 3rd Annual Report after Merger
- Letter to Shareholders on the 4th Annual Report after Merger
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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
ICICI Pru Signature
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Entire premium without any deductions is invested in the funds along with return of mortality and policy administration charges at maturity
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Systematic withdrawal plan to withdraw money regularly from your policy1
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Stay invested in the plan and get Wealth Boosters at regular intervals2
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Entire premium without any deductions is invested in the funds along with return of mortality and policy administration charges at maturity
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Systematic withdrawal plan to withdraw money regularly from your policy1
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Stay invested in the plan and get Wealth Boosters at regular intervals2
ICICI PRU Signature
Presenting ICICI Pru Signature - a savings and protection oriented unit linked insurance plan, designed for the preferred customer like you. Read More
Along with a life cover to secure your family in case you are not around, this plan offers flexible investment options to help you achieve your goals.Read Less
FEATURES
Life Cover for the entire policy term so that your family is financially secured even in your absence
Wealth Boosters at the end of every 5 years starting from the end of 10th policy year
Enjoy policy benefits till 99 years of age with Whole Life policy term option
Systematic withdrawal plan to withdraw money regularly from your policy
Return of Mortality and Policy Administration Charges at maturity
Flexible Options: Choice of 4 portfolio strategies and wide range of funds across equity, balanced and debt to suit your investment needs
Tax benefits on the premiums paid and the benefit you receive subject to prevailing tax laws
PORTFOLIO STRATEGIES
- This strategy enables you to choose an asset allocation that is best suited to your risk appetite and maintains it throughout the policy term.
- You can allocate your premiums between any two funds available with this policy, in the proportion of your choice. Your portfolio will be rebalanced every quarter to ensure that this asset allocation is maintained.
- The re-balancing of units shall be done on the last day of each Policy quarter. If the last day of the quarter is a non-working day, then the next working day’s NAV will be applicable. You can avail this option at inception or at any time later during the Policy Term.
Target Asset Allocation Strategy
- For an investor, maintaining a pre-defined asset allocation is a dynamic process and is a function of constantly changing markets. The Trigger Portfolio Strategy 2 enables you to take advantage of substantial equity market swings and invest on the principle of “buy low, sell high”.
- Under this strategy, your investments will initially be distributed between two funds Multi Cap Growth Fund, an equity oriented fund, and Income Fund, a debt oriented fund in a 75%:25% proportion. The fund allocation may subsequently get altered due to market movements. We will re-balance funds in the portfolio based on a pre-defined trigger event.
Trigger Portfolio Strategy 2
- Focus 50 Fund
- Opportunities Fund
- Value Enhancer Fund
- Multi Cap Growth Fund
- Bluechip Fund
- India Growth Fund
- Maximiser V
- Maximise India Fund
- Multi Cap Balanced Fund
- Active Asset Allocation Balanced Fund
- Secure Opportunities Fund
- Income Fund
- Money Market Fund
- Balanced Advantage Fund
- Sustainable Equity Fund
Fixed Portfolio Strategy
This strategy enables you to manage your investments actively. Under this strategy, you can choose to invest your monies in any of the following fund options in proportions of your choice. You can switch monies amongst these funds using the switch option. The details of the funds are given in the table below:
- Your financial needs are not static and keep changing with your life stage. It is, therefore, necessary that your policy adapts to your changing needs. This need is fulfilled by the Lifecycle based Portfolio Strategy 2.
- Age based portfolio management: At Policy inception, your investments are distributed between two funds, Multi Cap Growth Fund and Income Fund, based on your age. As you move from one age band to another, your funds are re-distributed based on your age.
- Quarterly rebalancing: On a quarterly basis, units shall be rebalanced as necessary to achieve the above proportions of the Fund Value in the Multi Cap Growth Fund and Income Fund. The re-balancing of units shall be done on the last day of each Policy quarter
- Safety as you approach maturity: As your Policy nears its maturity date, you need to ensure that short-term market volatility does not affect your accumulated savings. In order to achieve this, your investments in Multi Cap Growth Fund will be systematically transferred to Income Fund in ten instalments in the last ten quarters of your Policy.
Lifecycle based Portfolio Strategy 2
- A = Sum Assured, including Top-up Sum Assured, if any
- B = Minimum Death Benefit
- C = Fund Value including the Top-up Fund Value, if any
- Minimum Death Benefit will be 105% of the total premiums including Top-up premiums, if any received up to the date of death.
Insurance Cover
1. Death Benefit: In the unfortunate event of death of the Life Assured during the term of the policy, provided the monies are not in the Discontinued Policy (DP) fund, the following will be payable to the Nominee, or in the absence of a Nominee, the Legal heir. Death Benefit = A or B or C whichever is highest where,
2. Maturity Benefit: On maturity of the policy, you will receive the Fund Value including the Top-up Fund Value, if any. You have the option to receive the Maturity Benefit either as a lump sum or as a structured payout using Settlement Option.
Policy Documents
ELIGIBILITY
Eligibility
- Click on Know More for Eligibility
Documentation
FREQUENTLY ASKED QUESTIONS
Why should you buy a ULIP at an early age?
When you are young, you are free from liabilities in terms of dependents and hence, you have the potential to take higher risk to get better returns. The earlier you start investing in a ULIP, the sooner you can achieve your financial goals.
What is Systematic Withdrawal Plan(SWP)?
SWP allows you to withdraw a pre-determined percentage of your fund value regularly. This can help you to meet specific needs such as child’s education or money for day-to-day expenses during retirement.
When can I do partial withdrawals?
Partial withdrawals are allowed only after the first five policy years and on payment of all premiums for the first five policy years.
What is the age eligibility to do partial withdrawals?
Partial withdrawals are allowed only if the Life Assured is at least 18 years of age.
What are the tax benefits under this policy?
You can avail tax benefits on the premiums you pay towards this plan and the benefit you receive subject to conditions under section 80C, 10(10D), 115BAC & other provisions of the Income Tax Act, 1961.
Disclaimer
This is a unit linked insurance plan. In this policy, the investment risk in investment portfolio is borne by the Policyholder. Unit linked Insurance products do not offer any liquidity during the first five years of the contract. The Policyholder will not be able to surrender / withdraw the monies invested in unit linked insurance products completely or partially till the end of the fifth year.
1Systematic Withdrawal Plan is allowed only after the first five policy years.
2Wealth Boosters equal to 3.25% of the average of the Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters will be allocated as extra units to your policy at the end of every 5th policy year starting from the end of 10th policy year till the end of your policy term.
Amount equal to total of mortality charges and policy administration charges deducted in the policy will be added back to the fund value at maturity, provided all due premiums have been received. This amount will be allocated among the funds in the same proportion as the value of total units held in each fund at the time of allocation. This shall exclude any extra mortality charges and taxes levied on the charges deducted as per prevailing tax laws. Return of Mortality Charges and Policy Administration Charges is not applicable for Whole Life option.
Tax benefits under the policy are subject to conditions under Section 80C, 10(10D), 115BAC and other provisions of the Income Tax Act, 1961. Goods and Services Tax and cesses, if any will be charged extra by redemption of units, as per applicable rates. Tax laws are subject to amendments from time to time. Please consult your tax advisor for details, before acting on above.
1. Fund Name: Fund Maximiser V Fund; SFIN: ULIF 114 15/03/11 LMaximis5 105
2. Fund Name: Multi Cap Growth Fund; SFIN: ULIF 085 24/11/09 LMCapGro 105
3. Fund Name: Opportunities Fund, SFIN: ULIF 086 24/11/09 LOpport 105
4. Fund Name: Bluechip Fund,SFIN: ULIF 087 24/11/09 LBluChip 105
5. Fund Name: Multi Cap Balanced Fund, SFIN: ULIF 088 24/11/09 LMCapBal 105
6. Fund Name: Income Fund, SFIN: ULIF 089 24/11/09 LIncome 105
7. Fund Name Money Market Fund, SFIN: ULIF 090 24/11/09 LMoneyMkt 105
8. Fund Name: Maximise India Fund, SFIN: ULIF 136 11/20/14 MIF 105
9. Fund Name: Active Asset Allocation Balanced Fund, SFIN: ULIF 138 15/02/17 AAABF 105
10. Fund Name: Value Enhancer Fund, SFIN: ULIF 139 24/11/17 VEF 105
11. Fund Name: Secure Opportunities Fund, SFIN: ULIF 140 24/11/17 SOF 105
12. Fund Name: Focus 50 Fund, SFIN: ULIF 142 04/02/19 FocusFifty 105
13. Fund Name: India Growth Fund, SFIN: ULIF 141 04/02/19 IndiaGrwth 105
14. Fund Name: Balanced Advantage Fund, SFIN: ULIF 144 03/06/21 BalanceAdv 105
15. Fund Name: Sustainable Equity Fund, ULIF 145 03/06/21 SustainEqu 105
Unit Linked products are different from traditional insurance products and are subject to the risk factors.
The premium paid in ULIPs are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/ her decisions. ICICI Prudential Life Insurance is only the name of the Life Insurance Company and ICICI Pru Signature is only the name of the unit linked insurance product and does not in any way indicate the quality of the product, its future prospects and returns.
Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the Insurance Company.Read More
The various funds offered under this product are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. IDFC FIRST Bank Limited having its registered office at KRM Tower, 8th Floor, No. 1, Harrington Road, Chetpet, Chennai – 600031, Contact details: 18004194332, is authorized by the Insurance Regulatory and Development Authority of India to act as a Corporate Agent of ICICI Prudential Life Insurance Company Ltd for procuring or soliciting life insurance business under license number CA0106. The purchase of Insurance products by IDFC FIRST Bank’s customers is purely on voluntary and not linked to availing of any other services from the bank.
© ICICI Prudential Life Insurance Co. Ltd. All rights reserved. Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company. Regn. No. 105. CIN: L66010MH2000PLC127837.
Reg. Off.: ICICI PruLife Towers, 1089 Appasaheb Marathe Marg, Prabhadevi, Mumbai 400025. Tel.: 40391600. Customer helpline number - 1860 266 7766. Timings – 10:00 A.M. to 7:00 P.M., Monday to Saturday (except national holidays). Member of the Life Insurance Council. For more details on the risk factors, term and conditions please read the product brochure carefully before concluding the sale. Trade Logo displayed above belongs to ICICI Bank Ltd & Prudential IP services Ltd and used by ICICI Prudential Life Insurance Company Ltd under license. ICICI Pru Signature. A Unit Linked Non Participating Individual Life Insurance Plan. UIN: 105L177V03, ADVT No.: W/II/4081/2021-22.
BEWARE OF SUSPICIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
IRDAI CAUTIONS PUBLIC AGAINST SPURIOUS CALLS AND FICTITIOUS OFFERS.Read Less
