Features and benefits of ICICI Pru Wealth Advantage
Whole Life Plan: With this plan you can stay invested for the whole of your life without compromising insurance protection to your family as you get a life cover till the age of 70.
Single Premium: You have the convenience of paying premium once and stay invested for the whole of your life.
2 options of Sum Assured: You can choose to have sum assured as either 125% or 500% of the single premium amount.
Automatic Withdrawal Plan: Ensure liquidity throughout your life with the help of Automatic Withdrawal Plan which lets you take a fixed amount out of your account according to a regular schedule that you choose. AWP will be allowed only after 6th policy year.
Automatic Transfer Strategy: ATS allows you to invest a lump sum amount in our money market fund (Preserver) and transfer a pre-defined amount every month into any one of the chosen equity funds (Multiplier II, R.I.C.H. II, Flexi Growth II). It will help you mitigate any risk arising from market volatility.
Death benefit: Your family receives the higher of Fund Value or Sum Assured should something happen to you.
Choice of 7 investment funds: Select among Flexi Growth II, R.I.C.H. II, Multiplier II, Flexi-Balanced II, Balancer II, Protector II, and Preserver, based on your financial goals and risk profile.
Switch benefit: Switch between funds anytime to maximize on market movements. You can switch funds 4 times a year, at no cost. For subsequent switches, you will be required to pay a switch fee of Rs. 100.
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