How can I check my ULIP fund value?
How can I check my ULIP fund value?
Upon policy Surrender ULIPs have a lock-in period of 5 years. If the policyholder surrenders the policy after completion of the lock-in period, the insurer pays the fund value. The fund value is calculated by multiplying NAV (on the particular date) by the number of units held.
What is Icici Pru Elite Wealth?
ICICI Pru Elite Wealth II is a savings and protection oriented unit linked insurance plan, designed exclusively for preferred customers like you. This plan offers you multiple options for investments with respect to premium payment, investment horizon and fund choices.
What is the minimum premium under Icici Pru Elite Wealth super plan?
The Minimum Premium for this plan is Rs 5,00,000 for both 1 Pay and 5 Pay options. This plan offers Loyalty Additions from the 6th year onwards of 0.25% of the average daily Fund Value from 6th to 10th policy year and 0.6% from the 11th year onwards.
What is the surrender value of Icici Prudential policy?
Your policy will acquire a Guaranteed Surrender Value on payment of premium for at least 3 policy years. The Guaranteed Surrender Value will be equal to 35% of the base policy premiums paid less the first year’s premium. Any survival benefits paid, extra premiums paid and premiums paid towards riders shall be excluded.
Is cash value the same as surrender value?
Cash value, or account value, is equal to the sum of money that builds inside a cash-value–generating annuity or permanent life insurance policy. After a certain period, the surrender costs will no longer be in effect, and your cash value and surrender value will be the same.
How is fund value calculated?
The total monetary worth of the units owned by the policyholder is termed as fund value. You can calculate the fund value on a particular day by multiplying the net asset value of each unit on that particular day by the number of units held.
How can I surrender Icici Pru Elite Life Super?
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.
What is elite life super?
ICICI Pru Elite Life Super is a non-participating Unit Linked Life Insurance Plan that helps to grow your money by investing money in 13 different fund options. This ULIP policy also offers a life insurance cover, which ensures the protection of your family in the event of your unfortunate demise.
What is Icici Prudential surrender?
Surrender is a mid-term termination of your life insurance policy. If you surrender your policy your life insurance cover will end and all your policy benefits will stop. On surrender of your policy your policy value will be paid to you as per the policy terms.
