Wednesday, January 20, 2010

Key Highlights of ICICI Prudential Life Insurance

ICICI Prudential ULIP Plan - Life Link Super
1) Allocation Charges - ZERO
2) Admin Charges INR 296 only per year - irrespective of invested amount
3) Fund Management Charges - around 1.75% to 2.5% per annum)
4) Mortality Charges around 0.14% per Month on RISK amount.
RISK = Liability - Assets
5) Surrender charges ZERO after 5 Years
They have 7 ICICI life Funds within which you can switch. The past performances of these 7 funds w.r.t index was good.
One kep point to note is that you can buy ULIP with insurance sum assured as 125% to 500% of initial face value investment. Go get benefit of the US Laws you might be required to buy insurance as 500% of the invested single premium amount.

No comments:

Post a Comment