Question 1

How is this plan different from traditional ULIP plan?

Accepted Answer

A ULIP plan offers protection upto 10 times of the annualized premium. ICICI Pru Signature Capital Guarantee II provides the opportunity to offer protection of upto 100 times of the annualized premium along with the wealth creation through market linked returns.

Question 2

Can riders be opted along with this plan?

Accepted Answer

Yes, ICICI Pru Signature Capital Guarantee II comes with the Accidental Death and Disability Rider. Please read the rider brochure to know more details.

Question 3

What is Systematic Withdrawal Plan (SWP)?

Accepted Answer

SWP allows you to withdraw a pre-determined percentage of your fund value regularly. This can help you to meet specific needs such as child’s education or money for day-to-day expenses during retirement.

Question 4

When can I do partial withdrawals?

Accepted Answer

Partial withdrawals are allowed only after the first five policy years and on payment of all premiums for the first five policy years.

Question 5

What is the age eligibility to do partial withdrawals?

Accepted Answer

Partial withdrawals are allowed only if the Life Assured is at least 18 years of age.

Question 6

What are the tax benefits under this policy?

Accepted Answer

You can avail tax benefits on the premiums you pay towards this plan and the benefit you receive subject to conditions under section 123 (read with Schedule XV, Sr. No. 1, 2 & 4 ),Section 11 (read with Schedule II, Sr. No. 2) & other provisions of the Income Tax Act, 2025.