ICICI Pru Signature

What this product is

The same ULIP structure as LifeTime Classic, built for larger premiums, with tiered perks that scale with how much you put in.

You might need this if…

• You want the same market-linked-plus-cover structure as a standard ULIP, but you're investing a larger amount (₹15 lakh+ a year) and want the extra tiered perks that come with that.
• You want the option to keep the policy running for your whole life (to age 99) and draw a scheduled income from it later — useful as a retirement income structure.
• You want flexibility on how long you pay premiums (single pay, or 5–15 years) and how the sum assured scales with what you pay in.

How it actually works

• Charges refunded — allocation charges are added back to your fund at year 15, then every 5 years after.
• Wealth Boosters — extra units every 5 years from year 10 (0.5%–2% of fund value).
• Systematic Withdrawal Plan — schedule regular payouts from the fund, useful for a post-retirement income stream.
• Same 4 portfolio strategies as LifeTime Classic, across ~20 funds including index funds.

The tiers

Tier	Annualised premium	What you get
Advantage	₹1L–14.99L	Charges refunded + Wealth Boosters
Premier	₹15L–19.99L	+ Value Benefit, year 2
Exclusive	₹20L+	+ Value Benefit, years 2 & 6

Worth knowing before you decide

• Death benefit pays the highest of: Sum Assured, 105% of premiums paid, or the Fund Value.
• Lock-in: 5 years, same as other ULIPs — no partial withdrawal before then.

Official source

⌟ Official product brochure

Learn about this category

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