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Oct 25, 2014
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Icici Pru Life Stage Pension - Pension Return Guarantee Fund IV

Latest NAV: Rs. 14.51 (As on Oct 14, 2014 ) Compare

Fund Name: Pension Return Guarantee Fund IV

Plan Group: Life Stage Pension

Product Type: Individual

Plan Objective: Retirement

Investment Objective

ICICI Pru Life Stage Pension : One of the most distinguishing features of this policy is that it has no premium allocation charge for regular premiums which means 100% of your money is invested. What's more, the policy provides you with a unique lifecycle-based strategy that continuously re-distributes your money across various asset classes based on your life stage and risk tolerance, eventually providing you with a customised retirement solution.

Explore The Plan

Features

Age based portfolio management

At policy inception, your investments will be distributed between two funds, Pension Flexi Growth and Pension Protector, based on your age. As you move from one age band to another, we will re-distribute your funds based on your age. Age wise portfolio distribution is shown in the table.

Equity and debt allocation details at policy inception and during policy term

Age Band (Yrs.)

Equity Component in the fund as represented by Pension Flexi Growth

Debt Component in the fund as represented by Pension Protector

18-25

85%

15%

26-35

75%

25%

36-45

65%

35%

46-55

55%

45%

56-65

45%

55%

66-80

35%

65%

    Quarterly rebalancing

Your fund allocation might get altered because of market movements. We will visit your allocations every quarter and reset it to prescribed limits.

    Capital preservation on vesting

When policy nears the chosen vesting date, you need to ensure capital preservation so that short-term market volatility at the time of vesting does not impact your investments. In order to achieve this, your investments in Pension Flexi Growth will be systematically transferred to Pension Protector in 10 installments in the last 10 quarters of your policy.

Benefits

  • Option to choose a unique and personalised lifecycle based portfolio strategy to create ideal balance between equity and debt.
  • Flexibility to increase your investment by investing surplus money over and above your premiums as top ups.
  • Eliminate the need to time your investment with the automatic transfer strategy
  • Opportunity to earn potentially higher returns over the long term by investing in unit linked funds.
  • Flexibility to choose your retirement age
  • Get regular income (pension) post retiremen
  • Flexibility to choose from various pension options. Currently 5 annuity types are available.
  • Receive tax-free commutation up to one-third of the accumulated value on vesting (retirement) date'
  • Avail tax benefits on premiums paid u/s 80CCC2

Entry Age Details

ICICI Pru LifeStage Pension at-a-glance

Minimum Premium

Rs. 15,000 p.a.

Minimum Term

10 years

Maximum Term

62 years

Minimum/Maximum Age at Entry

18-70 years (age nearest birthday)

Minimum/Maximum Age at Vesting

50-80 years (age nearest birthday)

Tax Benefits2

Premium paid for the policy will be eligible for tax benefit under section 80 CCC

Investment Details of the Plan

If you prefer to allocate your investments into different classes based on your personal judgment, then you can opt for the fixed portfolio strategy. You have a choice of 8 funds to do the same, as shown in the table below:

Fund Name & Its Objective

Asset Allocation

% (Min)

% (Max)

Risk-Reward Profile

Pension R.I.C.H.: Returns from equity investments in 4 types of industries viz., Resources, Investment / Capital Goods, Consumption & Human Capital leveraged.

Equity & Equity Related Securities
Debt, Money Markets Cash

80%
0%

100%
20%

High

Pension Flexi Growth: Long term returns from an equity portfolio of large, mid and small cap companies.

Equity & Equity Related Securities
Debt, Money Markets Cash

80%
0%

100%
20%

High

Pension Multiplier: Long term capital appreciation from an equity portfolio

Equity & Equity Related Securities
Debt, Money Markets Cash

80%
0%

100%
20%

High

Pension Flexi Balanced: Balance of capital appreciation and stable returns from an equity (Large, mid & small cap companies) & debt portfolio.

Equity & Equity Related Securities
Debt, Money Markets Cash

0%
40%

60%
100%

Moderate

Pension Balancer: Balance of growth & steady returns from an equity & debt portfolio.

Equity & Equity Related Securities
Debt, Money Markets Cash

0%
60%

40%
100%

Moderate

Pension Protector: Accumulation of steady income at a lower risk.

Debt Instruments, Money Markets Cash

100%

100%

Low

Pension Preserver: Protection of capital through very low risk investments.

Debt Instruments
Money Markets Cash

0%
50%

50%
100%

Capital Preservation

Pension Return Guarantee Fund*: Provides guaranteed returns through investment in a diversified portfolio of high quality fixed income instruments

Debt Instruments, Money
Markets Cash

100%

100%

Low

*ThePensionReturnGuaranteeFund(PRGF)consistsofcloseendedtranchesofterms5and10years. They are intended to provide you a return over a specified period, subject to a guarantee. The fund will be offered in tranches over a period of time and each tranche will be open for subscription for a brief period of time and will terminate on a specified date. We shall guarantee the NAV that will apply at the termination of each tranche. We propose to offer new tranches of this fund from time to time and the guaranteed NAV would be specified at the time of launch of each tranche. If you opt for PRGF at inception, only your first premium will be directed to the fund. Subsequent premiums are allocated to the other funds in a proportion specified by you at the time of inception3. On termination of the PRGF tranche, the proceeds will be allocated into the other funds in the same proportion as the fund portfolio at that time. In exceptional case of the entire fund being invested in a guarantee fund at the time of termination, the proceeds would be allocated to the funds opted for at inception. Kindly contact your nearest branch or our call centre regarding its availability and the applicable guaranteed NAV.

Policy Administration Charges

Policy Administration Charge

The policy administration charge is a percentage of the annual premium and will be charged regardless of the premium payment status. This charge will be levied only for the first 10 policy years, post which no policy administration charge would be levied.

Premium Band(Rs.)

Premium Frequency

Yearly and Half Yearly

Monthly

15,000-34,999

0.50% per month

0.60% per month

35,000-99,999

0.35% per month

0.45% per month

1,00,000-1,99,999

0.25% per month

0.35% per month

> =2,00,000

0.20% per month

0.30% per month

Fund Management Charges

Fund management charge (FMC)
The funds will have the following fund management charges and these will be adjusted from the NAV on a daily basis.

Fund

Pension R.I.C.H., Pension Flexi Growth, Pension Flexi Balanced. Pension Multiplier. Pension Balancer

Pension Protector. Pension Return Guarantee Fund

Pension Preserver

Charge

2.25% p.a

1.50% p.a

0.75% p.a

If the customer opts for the Lifecycle-based portfolio strategy, then the FMCs will be charged according to the proportions held in Pension Flexi Growth and Pension Protector Funds at each point in time.

Premium allocation Charges

There is no premium allocation charge for regular premiums in this policy. All top-up premiums are subject to a premium allocation charge of 1% and the balance amount is used to allocate units.

Surrender Charges

Yes, you can surrender your policy. Surrender values are available to you after deducting surrender charges and would depend on the number of completed policy years.

a) Following are the surrender values applicable before payment of full three years premium :

Complete policy years for which premiums are paid

Surrender Values as a % of Fund Value

Less than one Year

0%

One Year but less than 2 Years

25%

Two years but less than 3 Years

40%

However, this surrender value would be payable only after completion of three policy years. In case premium payments are discontinued within the first three years all benefits and options will cease after the expiry of the days of grace from payment of the first unpaid premium.

b) Following are the surrender values applicable after payment for full three years premium

No. of completed years of the Policy

Surrender Value as a % of the Fund Value

3 years

92%

4 years

94%

5 years

96%

6 years

98%

7-9years

99%

10 years onwards

100%

Switching Charges

4 free switches are allowed every policy year. Subsequent switches would be charged at the rate of Rs. 100 per switch.These charges will be deducted by cancellation of units.

Historical NAV

DateNAV
16-10-2014
14.51
14-10-2014
14.51
13-10-2014
14.51
10-10-2014
14.51
09-10-2014
14.51
08-10-2014
14.51
07-10-2014
14.51
Start Date :
End Date :

ULIP Performance

Time PeriodReturn (%)
1 Day
0.00%
1 Week
0.00%
1 Month
0.00%
3 Months
0.00%
6 Months
0.00%
9 Months
2.72%
1 Year
4.73%
2 Years
12.01%
3 Years
22.39%
5 Years
38.58%

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