ICICI Prudential · ULIP · Protection + wealth structures
Pru1 Wealth
A single-premium ULIP with a 10-year term, giving one-time investors life cover, a wide fund choice, and a maturity "Wealth Booster" of extra units.
Product data last fetched 26 August 2026. Features, premiums and availability may change — verify against the official brochure/policy wording before deciding.
The truth card
PurposeSavings — Linked (ULIP)
CategoryProtection + wealth structures
InsurerICICI Prudential
Life CoverNot available in the current product data
PremiumNot available in the current product data
Policy TermNot available in the current product data
Premium-Paying TermNot available in the current product data
GuaranteeNot available in the current product data
Market ExposureYes — fund-value linked
LiquidityNot available in the current product data
Lock-in5 years (statutory minimum for ULIPs)
ChargesNot available in the current product data
Maturity BenefitNot available in the current product data
Death BenefitNot available in the current product data
SurrenderNot available in the current product data
Paid-upNot available in the current product data
Tax NotesDepends on policy structure, premium amount, issue date and applicable tax law — see our tax notes
XIRRNot available in the current product data
What this product is
A single-premium ULIP with a 10-year term, giving one-time investors life cover, a wide fund choice, and a maturity "Wealth Booster" of extra units.
You might need this if…
- You might need this if you have a lump sum to invest once and don't want the commitment of recurring premiums.
- Useful if you want life cover attached to a single investment rather than buying insurance and mutual funds separately.
- Fits if you like having 20 fund options across equity, balanced, debt, and index categories to tailor your risk exposure.
- Good if a 2% "Wealth Booster" bonus at maturity and no premium allocation or admin charges appeal to you as a low-cost, one-time investment.
How it actually works
- Single premium only, minimum ₹1,00,000, no maximum; entry age 15-60; policy term is 10 years (maturity age 25-70).
- Sum assured multiple ranges from 1.10x to 10x the single premium depending on entry age.
- On death, nominee gets the highest of Sum Assured, fund value, or 105% of premiums paid.
- At maturity, a Wealth Booster equal to 2% of the single premium is added as extra units.
- No premium allocation or policy administration charges; fund management charge 1.35% p.a. (0.75% for Money Market Fund).
- Unlimited free switches, partial withdrawals after the 5-year lock-in (up to 20% of fund value/year), top-ups (min ₹2,000 with own 5-year lock-in), and a settlement option to spread maturity payout over up to 5 years.
Worked example
A 30-year-old male investing ₹1,00,000 once, fully in the Maximiser V fund, over the 10-year term: at an assumed 8% return, fund value is about ₹1,76,587; at 4%, about ₹1,18,485. Returns are illustrative, not guaranteed.
Worth knowing before you decide
- 5-year lock-in — no liquidity at all during this period, even though the policy term is only 10 years.
- Investment risk is borne entirely by the policyholder; no guaranteed returns on chosen funds.
- Discontinuance during lock-in moves your money to a Discontinued Policy Fund (0.50% FMC, 4% minimum guaranteed interest).
- Suicide clause: only fund value (excluding top-up sum assured) payable if death occurs within 12 months of inception or revival.
Official source
⌟ Official product brochure
Learn about this category
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