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ICICI Pru Wealth Elite Pro is a unit-linked life insurance plan designed to combine life cover with long-term, market-linked investment opportunities. Policyholders can allocate their investible premium across available funds and choose from portfolio strategies according to their financial goals and risk preferences. The plan also offers a whole-life policy option and a Systematic Withdrawal Plan, subject to the product terms. Premium allocation charges deducted under the policy are eligible to be returned at a guaranteed compounded rate of 7% per annum at the end of the 15th policy year, provided the applicable conditions are met.
Invest across multiple fund options and portfolio strategies, with a whole-life option and systematic withdrawals subject to policy conditions.
Wealth Elite Pro may suit investors seeking life insurance alongside long-term market-linked wealth creation. Its fund choices, portfolio strategies and systematic withdrawal facility offer flexibility, while the return of eligible premium allocation charges provides an additional policy benefit. However, this is a ULIP, not a guaranteed-return savings plan. Fund values depend on market performance, and policy charges and investment risks apply. Linked policies generally do not permit complete or partial withdrawals during the first five policy years. Buyers should review the benefit illustration, charges, premium commitment, fund options and life-cover amount before purchasing.
ICICI Prudential Life
Key Insights
Founded
2000
ICICI Prudential Life was established 26 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.3% CSR, calculated as a 3-year average
ICICI Prudential Life settles 99.3% of all claims it receives, demonstrating strong credibility.
Contact Details
1860-266-7766
Headquarters: Prulife Towers, 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai, Maharashtra 400025, India.
Provides a death benefit during the policy term according to the policy wording.
The benefit depends on the policy conditions and selected cover.
Investible premiums are allocated to the selected available funds after applicable charges.
The policyholder bears the investment risk.
Offers a choice of four portfolio strategies to help align investments with financial goals.
Review the current brochure for the available strategies.
Eligible premium allocation charges are returned at a guaranteed compounded rate of 7% per annum at the end of the 15th policy year.
Eligibility and calculation are subject to policy conditions.
Allows eligible regular withdrawals from the policy fund value after the first five policy years.
Withdrawals reduce the remaining fund value and are subject to policy rules.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
ICICI Prudential Life plans and claim process
It is a unit-linked life insurance plan combining life cover with market-linked investment opportunities.
The insurer's detailed product page lists a minimum premium of ₹1,00,000 per annum. Taxes, if applicable, are extra.
No. Investment returns depend on the performance of the selected funds. The return of eligible premium allocation charges is a separate benefit governed by policy conditions.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official ICICI Prudential Life website before purchasing.
Official Website
iciciprulife.com
Visit the official ICICI Prudential Life website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
Yes. It provides life cover during the policy term, subject to the policy wording.
Eligible premium allocation charges are returned at a guaranteed compounded rate of 7% per annum at the end of the 15th policy year, subject to applicable conditions. This is not a guarantee of investment returns.
The plan offers available funds and portfolio strategies. The policyholder should review the fund options and investment risks before selecting them.
Unlimited free switches are available under the Fixed Portfolio Strategy, subject to the current policy terms.
No. ULIP withdrawals are restricted during the first five policy years. A Systematic Withdrawal Plan may be available after that period, subject to policy conditions.
An eligible whole-life option can extend policy benefits up to age 99, subject to the product terms.
Yearly, half-yearly and monthly modes are listed by the insurer, subject to applicable terms.
It is designed for long-term, market-linked wealth creation and may not suit short-term goals, particularly because of the first-five-year liquidity restriction.
Tax treatment depends on prevailing tax laws and individual eligibility. Consult a qualified tax adviser for your circumstances.