Sebanti Roy Chowdhury

Why ICICI Pru Signature is an Ideal ULIP Investment You want your earnings to improve your lifestyle. You make plans for buying property, automobiles or visiting foreign lands. Financial stability in retirement and quality education for children are also common life goals. Also, you need to safeguard your financial dependents against the loss of your income in case of an eventuality. Moreover, tax-saving schemes are necessary to reduce your income tax burden.  ULIPs are efficient investment options allowing you to meet all such objectives. ICICI Pru Signature is such an investment and protection oriented ULIP. It provides the ideal solution for your financial goals.  Financial Protection  Your family looks to you for their wellbeing. An unwanted event can expose them to money-related difficulties. ICICI Pru Signature provides life cover throughout the policy term. Thus, with assured payouts, it ensures your family’s financial security if an unfortunate event occurs. Low Charges  Due to the associated operation charges, investors often feel ULIPs are not cost-effective. ICICI Pru Signature changes that perception. The costs are surprisingly low. Moreover, the plan does not deduct anything from your premium towards allocation charges. The entire premium is invested in the funds you select.  Whole Life Cover Different families have different monetary needs. You may have financial dependents beyond your retirement age. You may have to support grandchildren’s education or relatives with special needs after retirement. Your spouse might be dependent on your pension income.  In such scenarios, coverage up to advanced age can maintain your loved ones’ financial stability in your absence. ICICI Pru Signature offers coverage up to 99 years of age to meet such needs. Flexible Options  You can spread your investment across diverse asset classes through a wide range of funds. It helps reduce the effect of market volatilities. Also, you can select from four portfolio choices: Keep your investment divided into fund types matching your risk tolerance capacity Automatically shift between equity and debt funds as per market conditions Switch among high, low, and medium-risk funds according to your preference Start with higher allocation in equities while young, changing to fixed income funds with age Thus, you can align your investment to your financial targets and maximize gains. Systematic Withdrawals ICICI Pru Signature lets you withdraw a pre-specified percentage of your fund value at regular intervals. Such systematic withdrawals are free of charge. These do not decrease your life insurance sum assured.  Thus, this facility meets your interim liquidity needs, such as paying children’s tuition fees or extra funds for living costs. It can also cover any unforeseen expenses arising from life’s uncertainties. Return of Mortality & Policy Administration Charges ICICI Pru Signature provides the advantage of the return of charges paid. The amounts deducted as mortality charges and policy administration fees are added to your fund value at the end of the policy period. Thus, the costs effectively cancel out, increasing your gains. Wealth Boosters  ULIPs are long-term investment instruments. Allowing your money to grow until the end of the policy term increases the possibility of higher returns.  Moreover, staying invested in ICICI Pru Signature provides added monetary rewards. Extra units are allocated to your policy at the end of every fifth policy year, starting after the tenth policy year. Such regular boosts to your fund value continue until the end of your policy term. Thus, these additions substantially increase your profits. Tax Benefits  ICICI Pru Signature premiums are eligible for tax benefits under Section 80C of the Income Tax Act, 1961. You can claim deductions up to Rs. 1.5 lakhs from your taxable income for the premiums you pay every year. Also, the payouts are tax-exempt subject to the conditions under Section 10(10D). Thus, this ULIP enables effective tax-savings. The various benefits make ICICI Pru Signature the ideal ULIP for your insurance and investment needs. Choose a premium amount as per your budget, select funds you prefer, and invest online to start creating wealth. https://www.iciciprulife.com/ulip-plans/unit-linked-insurance-plans/icici-pru-ulip-signature.html?UID=2399 https://www.iciciprulife.com/content/dam/icicipru/brochures/IPru-Signature-Online-Brochure.pdf https://www.myinsuranceclub.com/life-insurance/companies/icici-prudential/icici-pru-signature-plan#:~:text=ICICI%20Pru%20Signature%20Plan%20is,returns%20can%20be%20monitored%20regularly. https://www.coverfox.com/life-insurance/ulip-plans/icici-prudential-signature/ https://www.rupeeiq.com/content/ulip-review-icici-pru-signature-offers-return-of-mortality-policy-administration-charges-at-maturity/ https://www.policyx.com/life-insurance/icici-prudential-ulip-plans/