How does SIP Plus work?
Systematic Investment Plan (SIP) is a simple, convenient and disciplined way
that can help you meet the changing milestones and responsibilities
*Refer to the terms and conditions of SIP Plus. This is for illustration purpose only. Actual result may vary. Past performance may or may not be sustained in future.
Note: Sum Insured : 1st Year - 10 times of the monthly SIP Plus instalment, 2nd year - 50 times of the monthly SIP Plus instalment & onwards 3rd Year - 100 times of the monthly SIP Plus instalment. all the above limits are subjected to maximum cover of `50 lakhs per investor across all schemes/plans/folios.
SIP Plus Features
| Minimum SIP Instalment |
Refer scheme information document for Minimum SIP Instalment |
| Sum Insured |
1st Year : 10 times of the monthly SIP Plus instalment
2nd Year : 50 times of the monthly SIP Plus instalment.
3rd Year onwards : 100 times of the monthly SIP Plus instalment.
All the above limits are subject to maximum cover of ₹ 50 lakhs per investor across all schemes/plans/folios. |
Life Cover Proceeds
|
Provided to the registered nominee |
| Benefits to Nominee |
Scheme Value + Life Cover equivalent up to 10 times of the monthly SIP Plus instalments in the first year, 50 times of monthly SIP Plus instalment for second year and 100 times of the monthly SIP Plus instalment from third year onwards. |
| Age Entry/Exit |
18 years to 51 years (how ever Insurance cover will be ceased on completion of 55 years of age, but SIP shall continue till the end of tenure if SIP is registered beyond 55 years of age.) |
| Payment Options |
ECS, Direct Debits & Post Dated Cheques |
| Entry Load |
Not Applicable |
| Exit Load |
Refer scheme information document for exit load details. |
Read more about SIP Plus here
This is just for information purpose and should not in any way be construed as any kind of promotion or endorsement of any insurance product by ICICI Prudential Asset Management Company. Insurance Cover is provided under Group Term Insurance Plan by ICICI Prudential Life Insurance Company Ltd. Please read the Group Scheme Rules for more details on the terms and conditions.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.