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Nov 26, 2014
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ICICI Pru Pinnacle II - Pinnacle II Fund

Latest NAV: Rs. 12.82 (As on Nov 25, 2014 ) Compare

Fund Name: Pinnacle II Fund

Plan Group: Pinnacle II

Product Type: Individual

Plan Objective: Investment

Investment Objective

ICICI Pru Pinnacle II is a unit linked insurance plan that offers protection for your family through its life insurance cover. It also gives you the advantage of varying exposure to equities with downside protection, so that your investments are protected in financially volatile times. It offers a limited premium payment term while allowing you to enjoy insurance protection for a longer period.

Explore The Plan

Features

1. Guaranteed NAV: Get the benefit of the highest NAV recorded on a daily basis, in the first 7 years of the Pinnacle II Fund, at maturity. In this product, we guarantee the highest Net Asset Value (NAV) recorded on a daily basis, in the first 7 years of launch of the Pinnacle II Fund, subject to a minimum of Rs.10. The guarantee will be applicable only at maturity. The period of 7 years starts from the date of launch of Pinnacle II Fund and will end on the completion of 7 years (from 26/10/2010 to 26/10/2017).

2. Limited premium payment term: Pay premiums for only five policy years.

3. Death benefit: In the unfortunate event of death of the Life Assured, the nominee will receive Sum Assured plus Fund Value, subject to Minimum Death Benefit.

4. Partial withdrawals: Ensures liquidity from the 6th policy year onwards.

5. Tax benefits: Avail tax benefits on the premiums paid and benefits received under the policy, as per the prevailing Income Tax laws

6. Loyalty Additions: Added to the fund at maturity. Calculation of the fund value for Loyalty Addition will be based on the prevailing NAV and not on the Guaranteed NAV

Benefits

Maturity Benefit
At maturity, higher of Guaranteed Value and the Fund Value shall be payable.
Fund Value = Units at maturity x NAV on maturity
Guaranteed Value = Units at maturity x Guaranteed NAV

Death Benefit
In the unfortunate event of death of the Life Assured, during the term of the policy, the nominee will receive Sum Assured plus Fund Value, subject to T&C10 Minimum Death Benefit . Guaranteed NAV will not be applicable for death benefit.

Loyalty Additions
On maturity, there will be a Loyalty Addition to the policy. This will be 2% of the policy's Fund Value as on the day of maturity. Calculation of the fund value for Loyalty Addition will be based on the prevailing NAV and not on the Guaranteed NAV.

Tax benefits:
Avail tax benefits on the premiums paid and benefits received under the policy, as per the prevailing Income Tax laws

Entry Age Details

Min/Max Entry Age - 8 / 65 years

Investment Details of the Plan

The investment objective of the fund is to generate optimal returns through an actively managed equity portfolio while using debt instruments to manage the guarantee. We would also use equity and fixed income derivatives as permitted by IRDA from time to time.
Equity and Equity Related Securities: 0 % - 100%
Debt Instruments and derivatives: 0 % - 100%
Potential risk reward - Moderate

Top-up Premium

Top ups are not allowed under this product.

Premium Payment Term

Premium Payment Term - 5 years

Policy Administration Charges

Policy administration charge will be deducted every month for the entire term of the policy. The monthly policy administration charge as a % of first year premium is mentioned below*.

Policy Year Policy Administration Charge as a % of first year Premium
1 to 5 0.25% per month
6th year onwards 0.1% per month
This charge will be made by redemption of units.

Fund Management Charges

A fund management charge of 1.35% per annum will be applicable. There will be an additional charge for the cost of investment guarantee of 0.10% per annum. These will be made by adjustment to the NAV.

Mortality Charges

Mortality charge will be deducted on a monthly basis on the Sum Assured. Indicative annual charges per thousand Sum Assured for healthy male and female lives are as shown below:

Age last birthday (years) 10 20 30 40 50 60
Male (Rs). 0.77 1.33 1.46 2.48 5.91 14.21
Female (Rs). 0.72 1.26 1.46 2.12 4.85 11.83
This charge will be made by redemption of units.

Premium allocation Charges

This will be deducted from the premium amount at the time of premium payment & units will be allocated thereafter.+

Policy Year Policy Administration Charge as a % of Premium
1 6%
2 5%
3 to 5 3%

Surrender Details

Surrenders are not allowed during the first five policy years. On surrender after completion of the fifth policy year, the policy shall terminate and Fund Value will be paid to the policyholder. Guaranteed NAV will not be applicable for policy surrender. On surrender of the policy all rights, benefits and interests under the Policy shall be extinguished.

Miscellaneous charges

If there are any policy alterations during the policy term, they will be subject to a miscellaneous charge of Rs. 250 per alteration.

Maturity Age Details

Maximum Maturity Age - 75 years

Historical NAV

DateNAV
1 2 >
25-11-2014
12.82
24-11-2014
12.87
21-11-2014
12.83
20-11-2014
12.76
19-11-2014
12.74
18-11-2014
12.79
17-11-2014
12.79
Start Date :
End Date :

ULIP Performance

Time PeriodReturn (%)
1 Day
-0.38%
1 Week
0.62%
1 Month
4.40%
3 Months
5.95%
6 Months
12.06%
9 Months
27.31%
1 Year
29.89%
2 Years
36.24%
3 Years
57.30%
5 Years
0.00%

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