Fix Electronically Signing Insurance Plan For Free

With ICICI Pru Signature, users can benefit from financial protection, loyalty rewards, unlimited free switches and tax benefits. Under the whole life option, policyholders can enjoy the plan's benefits till 99 years of age.

ICICI Pru Signature Plan is a ULIPs or Unit Linked Insurance Plan that combines the benefits of insurance and investment to offer both high returns and security. It is a flexible investment option and helps you achieve your goals. There is an initial 5-year lock-in period, after which you can make partial withdrawals.

The Premium for ICICI Pru Signature Plan For policies other than Whole Life policies, the minimum premium is Rs. 30,000 P.A. For Whole Life policies, the minimum premium is Rs. 60,000 P.A.

Please Note: Surrender is applicable only for policies that have acquired a surrender value as per terms and conditions. The form needs to be submitted at your nearest branch for processing the surrender.

The free look period is the required time period in which a new life insurance policy owner can terminate the policy without any penalties, such as surrender charges. A free look period often lasts 10 or more days depending on the insurer and state law.

ICICI Prudential Life Insurance Company is trading at 557.50 as on Fri Oct 06 2023 :00. This is 1.08% upper as compared to its previous closing price of 551.55.

As you have noticed, the premium allocation charges are 5% of the premium amount. And the minimum amount of your premium is ?2 lakhs p.a. and goes up to 10 Lacs p.a. based on the plan option. The hook is that there is a period of 10 years for you to get your premium allocation charges back! 5% of ?10lakhs is ?50,000.

Returns (as on 12-Oct-2023) PeriodAbsolute (%)Annualised (%)3 mth3.9-6 mths16.7-1 year20.220.22 year15.47.42 more rows

Disadvantages of ICICI Pru Signature Plan ? Review These charges bring down the returns significantly. In the first year itself, as high as 5% of the premium was lost in paying these charges. A Lock-in period of 5 years, it makes the investor difficult to come out of this ICICI Pru Signature policy.

ICICI Pru Signature Plan is a ULIPs or Unit Linked Insurance Plan that combines the benefits of insurance and investment to offer both high returns and security. It is a flexible investment option and helps you achieve your goals. There is an initial 5-year lock-in period, after which you can make partial withdrawals.