ICICI Pru Wealth Advantage:

Everyone around us has a daily routine from dawn to dusk.  Some of this we do on a routine basis, some of it we have to remind ourselves to do.  But buying an ICICI Pru Wealth Advantage does not give you that trouble at all. 

Since this is a single payment policy, once you pay your premium, you are given life long cover and your money is invested for as long as you live.

The ICICI Pru Wealth Advantage recommends,
That it will give you life cover till you reach the age of seventy years, and this includes your family too. This is a one-time payment policy and you need not have to worry about paying any premiums again ever.

This plan offers two types of sum assured amounts.  You can opt to have either the sum assured as 125% of your premium or 500% of your premium.

After you have completed six years of the policy term, you have the option of withdrawing from the policy, if you wish to do so.  This is called the automatic withdrawal plan by this policy.

Upon unfortunate death, your beneficiary is eligible to receive the higher of the sum assured or the fund value.

This plan has seven investment funds and you have the facility of choosing any one of them whichever is suitable for your investment goals and security. 

They are the Flexi Growth II, R.I.C.H. II, Multiplier II, Flexi Balanced II, Balancer II, Protector II, and Preserver.

You are permitted to shift your investment from one fund to the other not more than four times in a year.  If you exercise switching more than four times, then you will have to pay a charge of rupees hundred.

This plan is suitable for one who wants to give their investment a chance to grow steadily over the years so that they can enjoy the amassed amount at a later stage in life.