ICICI Pru LifeTime Classic

What this product is

A straightforward unit-linked plan — your premium buys fund units, with a life cover attached and top-ups for staying invested.

You might need this if…

• You want one product that combines a market-linked investment with a life cover, instead of running pure investments and term insurance separately.
• You have money you won't need for at least 5 years (the lock-in) and you're fine with market ups and downs in exchange for potentially higher growth.
• You want to pick your own mix of funds — or hand that decision to a strategy that rebalances automatically as you get older.
• You like the idea of small periodic boosts to your investment just for staying invested long-term.

How it actually works

• Loyalty Additions — extra units at the end of years 6–7 and every year from year 8 (0.10%–0.30% of fund value).
• Wealth Boosters — a bigger top-up (1%–2% of fund value) every 5 years, from the end of year 10.
• 4 portfolio strategies — Target Asset Allocation, Trigger (buy-low/sell-high), Life Cycle (auto-rebalances by age), or Fixed (you choose).
• 15 funds to choose from across equity, balanced and debt.
• Partial withdrawals once the lock-in ends, for emergencies or milestones.

Worth knowing before you decide

• This is market-linked — investment risk sits entirely with you; returns are not guaranteed.
• No liquidity for 5 years — no surrender or withdrawal, even partial, during the lock-in.
• After 5 years, surrender value = full Fund Value.

Official source

⌟ Official product brochure

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