ICICI Pru1 Wealth


ICICI Pru1 Wealth is a Unit-Linked Life Insurance Plan which focuses on boosting your wealth while providing life cover for the entire policy term. Under this plan, the investor only has to pay a single premium, which is invested throughout the policy term. With flexibility to choose from 7 fund options, the investor has full liberty to invest the premium in any one of them. Additionally, can switch at any time at no cost. A wealth booster is also available under this plan which gets added to the fund value at the end of the policy term, thereby increasing the total fund value. 

Moreover, the plan provides a top-up option, where you can invest your surplus money in any of the fund options to maximise your wealth. ICICI Pru1 Wealth offers a free-look period of 15 days if the policy is purchased offline and 30 days if policy is purchased online. If you are dissatisfied with the features of the policy, you can cancel the plan and get your money back after deduction of some basic charges during this free-look period. 

Best Features of ICICI Pru1 Wealth

ICICI Pru1 Wealth has the following features which separates it from other policies:

  • One-time Investment Only - It is a single premium investment plan. Thus, you need to pay the premium only once to invest 100% of your money in the funds of your choice for the entire policy term.
  • Fund Options - The plan offers the option to invest the premium in 7 fund options based on the financial requirements of the investor.
  • Unlimited Free Switching - The investor can switch the fund options as many times, without any charge during the policy term.
  • Wealth Booster-  A wealth booster is added to the fund value at the maturity of the policy to increase the fund value.
  • Family Security-  Under this option, the corpus can be secured for the benefit of your wife and children under Married Women's Property Act.
  • Top-Up Option-  The investor has the option to invest additional money as top-up premium to expand the financial wealth.
  • Policy Term Increment-  The investor has an option to increase the policy term from 5 years to 10 years after informing the company.

Benefits of ICICI Pru1 Wealth

ICICI Pru1 Wealth offers the following benefits to its investors - 

  1. Death Benefit 

In case of the death of the assured the benefits are payable to the nominee. The death benefit is paid as the following, whichever is the highest -

  • Sum assured and top-up sum assured (if any)
  • Fund value and top-up fund value (if any)
  • Minimum death benefit.
  1. Maturity Benefit

At the maturity of the policy, the investor is entitled to the fund value along with the wealth booster and the top-up fund value (if any) either as lump sum or structured payout using a settlement option.

  1. Wealth Booster

At the end of the 5th policy year, 2.50% of the single premium is added to the fund value for the 5 year policy term. For the 10 year policy term, it is 2.75% including top-up premiums (if any) less the withdrawal amount (if any) is added at the end of the 10th policy year. 

  1. Settlement Payout Flexibility Benefit

The settlement of the maturity benefit can be done as lump sum or as a structured payout i.e yearly, half-yearly, quarterly or monthly. In case of the death benefit during the settlement period, the nominee is entitled to the benefit as lump sum.  After the payment of the such benefits the policy will terminate and no further benefits are payable by the company.

  1. Partial Withdrawal Benefit

Partial withdrawals are only allowed in a 10 year policy term. It can be done after 5 policy years where an unlimited number of withdrawals can be made provided that the withdrawal amount does not exceed 20% of the fund value in a policy year. No extra charges are levied for a partial withdrawal.

  1. Surrender Benefit 

During the lock-in period, if you surrender the policy, the fund value gets transferred to the discontinued policy fund after deduction of discontinuance charges.  After the completion of lock-in period the fund value is immediately paid to the investor. 

ICICI Pru1 Wealth Eligibility 

Eligibility Criteria for the different variants of ICICI Pru1 Wealth

ICICI Pru1 Wealth

Minimum Age at Entry


8 Years

Maximum Age at Entry


60 Years

Minimum Age at Maturity


18 Years

Maximum Age at Maturity


70 Years

Policy Term

5 years and 10 years

Premium Payment Mode

Single Pay

Min & Max Premium 

INR 50,000 - Unlimited (subjected to underwriting)

Minimum Sum Assured

1.25 times of single premium

Maximum Sum Assured 

  • For less than and equal to 50 years of age - 10 times of single premium
  • For more than 50 years of age - 1.25 times of single premium

ICICI Pru1 Wealth Fund Options

Fund Name

Asset Class




Equity and Equity                             Debt                                            Money Market 

Related Securities                                                                                    and cash 



Fund Composition

Risk and Return Rating

Value Enhancer Fund





Multi Cap Growth Fund





Maximiser V





Multi Cap Balanced Fund





Secure Opportunities Fund





Income Fund





Money Market Fund





ICICI Pru1 Wealth Review

ICICI Pru1 Wealth is a low-cost investment plan which mainly focuses on achieving the predetermined goals set by you  to protect the future of your family. Under this plan, there is no need to pay the premium on specific time intervals as it is paid as single pay. With multiple benefits like unlimited free fund switches, wealth booster, 7 fund options, and top-up and less charges, the plan offers good value for money. The most unique feature of this plan is Family Security where the corpus is saved for the family of the investor under Married Women's Property Act.

Under the plan, partial withdrawals can be made after 5 policy years where the withdrawals cannot exceed 20% of the fund value in a policy year. Automatic Transfer Strategy helps you to give the benefit of rupee cost averaging where the funds can be transferred from one fund option to another in regular monthly installments.  This plan is best for the people who want a basic investment plan where there is no need to pay the premiums frequently. 

ICICI Pru1 Wealth FAQs
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  • Paytm Insurance Broking Private Limited. Address: 136, 1st Floor, Devika Tower, Nehru Place, NEW DELHI, South Delhi, Delhi, India, 110019
  • Registration No. 700. Valid till 16/02/2023
  • CIN - U66000DL2019PTC355671