Table of Contents
How does Icici ULIP work?
A ULIP is both an insurance policy and an investment. The policy specifies a death benefit – the amount the nominee will be paid if the policyholder passes away during the term of the ULIP. In addition, if the policy holder survives the term of the ULIP, he/she can also get the maturity value of the ULIP.
How can I cancel my Icici Prudential plan?
To surrender your policy, you can visit any of our branches with the following documents:
- Surrender form.
- Policy document.
- A signed copy of the photo identity proof of the policy-holder, i.e. PAN card, Aadhaar card etc.
- Cancelled cheque of the bank account in which you wish to receive the surrender amount.
How is Icici signature plan?
ICICI Pru Signature Plan is an investment cum insurance plan. The charges in the plan are low, even comparable to mutual funds. So it increases the chances of higher returns. The plan is a ULIP and hence your premiums are invested in funds of your choice and their returns can be monitored regularly.
What is the work of Icici Prudential?
Identify and recommend solutions that fits their requirements the best. Offer the prospect or existing customer the complete range of products. Help complete the procedure necessary for processing the purchase of the policy. Keep in touch with customers to ensure that their policy service requests are managed properly.
What are the benefits of the ICICI Prudential signature scheme?
ICICI Prudential Signature scheme: Premier Plan Benefits: Return of all Premium Allocation Charges + Wealth Boosters + Value Benefit in year 2.
What are the charges associated with ICICI Pru signature ULIP?
In this ULIP, the charges eat your Rs 2.2 lacs. ICICI Pru Signature ULIP has four charges. Policy Administration Charges: Rs 100 per month (recovered through the redemption of units). These charges are applicable throughout the policy term. Under this ULIP, these charges will be added back to your fund value at the time of maturity.
Is ICICI Prudential life insurance underwritten by Standard Chartered Bank India?
All insurance products described in this webpage are products of and underwritten by ICICI Prudential Life Insurance company Limited and not Standard Chartered Bank, India. In facilitating insurance arrangements, the Bank is acting as a corporate agent of the insurer and not as an agent for customers.
Does ICICI signature ULIP have life insurance?
Moreover, since ICICI Signature ULIP is a type I ULIP, the effective life cover will go down over the years (as fund value grows). The life insurance component will go away completely when your Fund Value exceeds Sum Assured. In that case, how do we use this information?