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Investshield Life New

The InvestShield Life New of ICICI Prudential is a new market linked policy. It renders the customers services like 40% in related securities and equities. It also gives assurance of the premium guarantee with the surety of returning the premiums on the maturity of the plan if the market condition is not good. It can be called a downside protected plan.

Along with this the policy holder will get a life insurance cover for the safety and security of the family during any financial trouble or the sudden death of the policy holder.

The fundamental features of InvestShield Life New policy are:

  • The minimum and maximum entry age for the policy is 0 years and 65 years.
  • The maximum age of maturity of the policy is 75 years.
  • The minimum and maximum terms for the policy are 10years and 30 years respectively.
  • The minimum premium for the policy is Rs. 8000 per annum.
  • The sum assured for the policy is Annual Premium * Term/2.
  • The premiums paid for the policy is eligible for taxes under the prevailing income tax laws.

The key benefits of InvestShield Life New are:

  • The sum of the premiums paid by the policy holder is assured to be paid when the policy matures or if the policy holder dies. This value is known as Guaranteed Value and this value will only be paid if the policy holder pays all the premiums.
  • On the maturation of the policy the holder will get the guaranteed value and this facility is termed as maturity benefit.
  • On the sudden death of the policy holder the sum assured and the guaranteed value will be paid to the nominee.
  • Both the premiums and the maturity benefits are eligible for tax exemptions under the prevailing tax laws.